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ACCA CIA Challenge Exam

Last Update Dec 24, 2024
Total Questions : 604

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IIA-CHAL-QISA Total Questions : 150 Updated : Dec 24, 2024

ACCA CIA Challenge Exam Questions and Answers

Questions 1

A small furniture-manufacturing firm with 100 employees is located in a two-story building and does not plan to expand. The furniture manufactured is not special-ordered or custom-made. The most likely structure for this organization would be:

Options:

A.

Functional departmentalization.

B.

Product departmentalization.

C.

Matrix organization.

D.

Divisional organization.

Questions 2

Which of the following is an example of a risk avoidance response?

Options:

A.

Buying an insurance policy to protect against loss events.

B.

Hedging against natural gas price fluctuations.

C.

Selling a non-strategic business unit.

D.

Outsourcing a high risk process to a third party.

Questions 3

Which of the following is classified as a product cost using the variable costing method?

1. Direct labor costs

2. Insurance on a factory.

3. Manufacturing supplies.

4. Packaging and shipping costs

Options:

A.

1 and 2

B.

1 and 3

C.

2 and 4

D.

3 and 4