Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:

If company A has a quick ratio of 2:1, then it has an accounts receivable balance of:

A. $100

B. $200

C. $300

D. $500

According to the International Professional Practices Framework, internal auditors who are assessing the adequacy of organizational risk management processes should not:

A. Recognize that organizations use different techniques for managing risk.

B. Seek assurance that the key objectives of the risk management processes are being met.

C. Determine and accept the level of risk for the organization.

D. Treat the evaluation of risk management processes differently from the risk analysis used to plan audit engagements.

Which of the following is a project planning methodology that involves a complex series ot required simulations to provide information about schedule risk?

A. Monte Carlo Analysis

B. Project Management Information System (PMIS)

C. Earned Value Management (EVM).

D. Integrated Project Plan A

Which of the following control features consists of a set of authorization codes that distinguishes among actions such as reading, adding, and deleting records?

A. Internally encrypted passwords

B. System access privileges.

C. Logon passwords

D. Protocol controls.

During which phase of the contacting process ate contracts drafted for a proposed business activity?

A. Initiation phase

B. Bidding phase

C. Development phase

D. Management phase