CIA Part 3 Questions and Answers|Latest
Update
Application control Correct Answ_An IT control related to the specific functioning of an
application system that supports a specific business process.
Application gateway/proxy server Correct Answ_A type of firewall that serves as an
intermediary for communications between the external world and private internal servers;
intercepts external packets and, after inspection, relays a version of the information, called a
proxy, to the private server, and vice versa.
Arbitrage Correct Answ_A method of theoretically making a risk-free profit from the price
differences between markets through the simultaneous purchase of an investment in one market
and sale in another.
Arbitrage pricing theory Correct Answ_A theory that states that multiple factors (rather than
just one factor, beta) affect a security's return, such as unexpected earnings announcements or a
change in interest rates.
,Assets Correct Answ_Resources obtained or controlled by an organization as a result of past
transactions or events that will probably result in future economic benefits to the organization.
Attributes Correct Answ_In a database, fields relating to entities.
Automated clearing house (ACH) Correct Answ_A method of electronic funds transfer that
sends payments in batches.
Balance sheet Correct Answ_A financial statement that shows what an organization owns
and owes and where the money for the ownership originated.
Balanced scorecard (BSC) Correct Answ_A strategic measurement and management system
that links long-term strategic planning objectives with day-to-day activities; measures financial
performance, customer knowledge, internal business processes, and learning and growth.
Bank reconciliation Correct Answ_A schedule to explain any differences between a bank
statement and cash on the books.
,Bankers' acceptance (BA) Correct Answ_A negotiable security used for import or export,
created when a bank accepts payment responsibility for a letter of credit.
Batch processing Correct Answ_A type of processing that accumulates data changes until a
set time and then releases them to the database.
Behaviorally anchored rating scale (BARS) appraisal method Correct Answ_An appraisal
method that indicates examples of desirable and undesirable behavior and then associates the
examples with different performance levels.
Benchmarking Correct Answ_The comparison of an organization or project to similar
internal or external organizations or projects.
Bit Correct Answ_A binary digit; the item that is lowest in the database hierarchy.
Bond indenture Correct Answ_A promise to pay a sum of cash at a set maturity rate plus a
specific rate of periodic interest on the face value.
, Bonds payable Correct Answ_Debt that can be raised from multiple lenders; the most
common type of long-term liability on the balance sheet.
Bottleneck Correct Answ_A limiting factor, barrier, or constraint that slows down a product's
total cycle time.
Break-even point Correct Answ_The output level at which total revenues and total costs are
equal.
Break-even pricing Correct Answ_A pricing method that determines the number of units that
must be sold at a set price to cover all fixed and variable costs.
Bridge Correct Answ_Networking hardware that connects two or more LANs with similar
architectures.
Bus network Correct Answ_A network topology that has a main line (bus); all devices are
connected to the line.
Update
Application control Correct Answ_An IT control related to the specific functioning of an
application system that supports a specific business process.
Application gateway/proxy server Correct Answ_A type of firewall that serves as an
intermediary for communications between the external world and private internal servers;
intercepts external packets and, after inspection, relays a version of the information, called a
proxy, to the private server, and vice versa.
Arbitrage Correct Answ_A method of theoretically making a risk-free profit from the price
differences between markets through the simultaneous purchase of an investment in one market
and sale in another.
Arbitrage pricing theory Correct Answ_A theory that states that multiple factors (rather than
just one factor, beta) affect a security's return, such as unexpected earnings announcements or a
change in interest rates.
,Assets Correct Answ_Resources obtained or controlled by an organization as a result of past
transactions or events that will probably result in future economic benefits to the organization.
Attributes Correct Answ_In a database, fields relating to entities.
Automated clearing house (ACH) Correct Answ_A method of electronic funds transfer that
sends payments in batches.
Balance sheet Correct Answ_A financial statement that shows what an organization owns
and owes and where the money for the ownership originated.
Balanced scorecard (BSC) Correct Answ_A strategic measurement and management system
that links long-term strategic planning objectives with day-to-day activities; measures financial
performance, customer knowledge, internal business processes, and learning and growth.
Bank reconciliation Correct Answ_A schedule to explain any differences between a bank
statement and cash on the books.
,Bankers' acceptance (BA) Correct Answ_A negotiable security used for import or export,
created when a bank accepts payment responsibility for a letter of credit.
Batch processing Correct Answ_A type of processing that accumulates data changes until a
set time and then releases them to the database.
Behaviorally anchored rating scale (BARS) appraisal method Correct Answ_An appraisal
method that indicates examples of desirable and undesirable behavior and then associates the
examples with different performance levels.
Benchmarking Correct Answ_The comparison of an organization or project to similar
internal or external organizations or projects.
Bit Correct Answ_A binary digit; the item that is lowest in the database hierarchy.
Bond indenture Correct Answ_A promise to pay a sum of cash at a set maturity rate plus a
specific rate of periodic interest on the face value.
, Bonds payable Correct Answ_Debt that can be raised from multiple lenders; the most
common type of long-term liability on the balance sheet.
Bottleneck Correct Answ_A limiting factor, barrier, or constraint that slows down a product's
total cycle time.
Break-even point Correct Answ_The output level at which total revenues and total costs are
equal.
Break-even pricing Correct Answ_A pricing method that determines the number of units that
must be sold at a set price to cover all fixed and variable costs.
Bridge Correct Answ_Networking hardware that connects two or more LANs with similar
architectures.
Bus network Correct Answ_A network topology that has a main line (bus); all devices are
connected to the line.
