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  • Exam Number/Code : IIA-IAP
  • Exam Name : Internal Audit Practitioner
  • Questions and Answers : 260 Q&As
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NEW QUESTION: 1
IBM i is being used as a hosting partition on a Power 720. What object type contains the virtualized disk for any client partitions?
A. Independent Auxiliary Storage Pool
B. Network Server Description
C. File Server Image
D. Network Server Storage Space
Answer: D

NEW QUESTION: 2
For a line in an FMEA form a team has established the following: Cost: $82 Severity: 7 Occurrence: 9 Detection: 4 Target date: 7 days What should the risk priority number (RPN) be for this line:
A. 0
B. 144,648
C. none of the above
D. 1
E. 2
Answer: D

NEW QUESTION: 3
Two bonds differ in their provisions for early retirement. Bond A is a 5-year serial bond. Bond B contains a sinking fund provision requiring the issuer to provide the trustee with sufficient funds to retire
2 0% of the original principal each year for 5 years. The sinking fund provision calls for the trustee to select the serial numbers of bonds to be retired by random assignment. Neither bond is callable.
I). The timing and size of bond A's promised payments are known with certainty.
II). There is a 20% chance that an investment position in bond B will be reversed after the first year.
III). The probability that an investment position in bond B will be reversed before maturity increases as time to maturity decreases.
A. I, II and III.
B. I and II.
C. II and III.
Answer: A
Explanation:
The indenture of a serial bond specifies the size and timing of promised payments. The sinking fund provision of the bond described in this problem adds uncertainty as to the number of cash flows to be received by the bond owner.

 

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Latest IIA-IAP Guide Files - IIA-IAP New Braindumps Free, IIA-IAP Trustworthy Dumps - Cads-Group


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