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NEW QUESTION: 1
Which of the following statements is true regarding assurance services provided to clients outside of the organization?
A. The nature of assurance services for outside clients is the same as for internal clients.
B. Assurance services for outside clients must be approved on a case-by-case basis by the board of directors.
C. Assurance services for outside clients are not covered under the internal audit charter.
D. The nature of assurance services for outside clients should be defined in the internal audit charter.
Answer: D
NEW QUESTION: 2
Which of the following are the Success Metrics for Process Improvement?
Note: There are 2 correct answers to this question.
Response:
A. Maverick Spend
B. Spend on Catalog
C. Visibility of Spend
D. Transaction Cycle Times
Answer: C,D
NEW QUESTION: 3
In a rollup hierarchy, three salespeople report to a manager and the manager reports to a director. The manager is also entitled to receive direct credit from one of the direct credit rules.
How should the rollup (Indirect) credit be allocated to the manager and the director in this scenario?
A. There will be no rollup credits for the manager and the director because a manager cannot be configured to receive both rollup and direct credits.
B. The manager receives only direct credit (no rollup credit) and the director receives rollup credit for all salespeople under the manager, as well as for the manager's direct credits.
C. The manager receives only direct credit (no rollup credit) and the director receives rollup credit only for the manager's direct credit.
D. The manager receives rollup credit for all direct reports and the director receives rollup credit for all salespeople under the manager, as well as for the manager's direct credits.
E. The manager receives rollup credit for direct reports and the director receives rollup credit only for the manager's direct credits.
Answer: D
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