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Free ACCA CIA Challenge Exam Practice Questions

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Exam style questions across every IIA-ACCA domain

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Total Questions : 604

Start with our free IIA-ACCA practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real CIA Challenge Exam exam. Each IIA-ACCA exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your IIA weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 61

A multinational organization has multiple divisions that sell their products internally to other divisions. When selling internally, which of the following transfer prices would lead to the best decisions for the organization?

Options:

A.  

Full cost

B.  

Full cost plus a markup.

C.  

Market price of the product

D.  

Variable cost plus a markup

Discussion 0
Question # 62

Which of the following statements regarding database management systems is not correct?

Options:

A.  

Database management systems handle data manipulation inside the tables, rather than it being done by the operating system itself in files.

B.  

The database management system acts as a layer between the application software and the operating system.

C.  

Applications pass on the instructions for data manipulation which are then executed by the database management system.

D.  

The data within the database management system can only be manipulated directly by the database management system administrator.

Discussion 0
Question # 63

The critical path for any project is the path that exhibits which of the following characteristics?

Options:

A.  

Has the longest duration in time.

B.  

Costs the most money.

C.  

Requires the largest amount of labor

D.  

Is deemed most important to the project.

Discussion 0
Question # 64

Which of the following statements about matrix organizations is false?

Options:

A.  

In a matrix organization, conflict between functional and product managers may arise.

B.  

In a matrix organization, staff under dual command is more likely to suffer stress at work.

C.  

Matrix organizations offer the advantage of greater flexibility.

D.  

Matrix organizations minimize costs and simplify communication.

Discussion 0
Question # 65

Providing knowledge, motivating organizational members, controlling and coordinating individual efforts, and expressing feelings and emotions are all functions of:

Options:

A.  

Motivation.

B.  

Performance.

C.  

Organizational structure.

D.  

Communication.

Discussion 0
Question # 66

Which of the following is a key characteristic of a zero-based budget?

Options:

A.  

A zero-based budget provides estimates of costs that would be incurred under different levels of activity.

B.  

A zero-based budget maintains focus on the budgeting process.

C.  

A zero-based budget is prepared each year and requires each item of expenditure to be justified.

D.  

A zero-based budget uses input from lower-level and middle-level managers to formulate budget plans.

Discussion 0
Question # 67

Which of the following is the primary benefit of including end users in the system development process?

Options:

A.  

Improved integrity of programs and processing.

B.  

Enhanced ongoing maintenance of the system.

C.  

Greater accuracy of the testing phase.

D.  

Reduced need for unexpected software changes.

Discussion 0
Question # 68

According to Porter's model of competitive strategy, which of the following is a generic strategy?

1. Differentiation.

2. Competitive advantage.

3. Focused differentiation.

4. Cost focus.

Options:

A.  

2 only

B.  

3 and 4 only

C.  

1, 3, and 4 only

D.  

1, 2, 3, and 4

Discussion 0
Question # 69

Which mindset promotes the most comprehensive risk management strategy?

Options:

A.  

Increase shareholder value.

B.  

Maximize market share.

C.  

Improve operational efficiency.

D.  

Mitigate losses.

Discussion 0
Question # 70

Which of the following are typical audit considerations for a review of authentication?

1. Authentication policies and evaluation of controls transactions.

2. Management of passwords, independent reconciliation, and audit trail.

3. Control self-assessment tools used by management.

4. Independent verification of data integrity and accuracy.

Options:

A.  

1, 2, and 3

B.  

1, 2, and 4

C.  

1, 3, and 4

D.  

2, 3, and 4

Discussion 0

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