Which of the following budgets serves as a basis for the budgeted income statement?

• A.Only the cash budget and budgeted balance sheet
• B.All financial budgets
• C.All operating budgets
• D.Only the sales and production budgets

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The process of scenario planning begins with which of the following steps?

• A.Identifying how customers, suppliers, competitors, employees, and other stakeholders will react.
• B.Selecting the issue or decision that will impact how the organization conducts future business.
• C.Determining the trends that will influence key factors in the organization's environment.
• D.Selecting leading indicators to alert the organization of future developments.

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Which stage of group development is characterized by a decrease in conflict and hostility among group members and an increase in cohesiveness?

• A.Forming stage.
• B.Storming stage.
• C.Norming stage.
• D.Performing stage.

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The board has requested that the internal audit activity be involved in all phases of the organization's outsourcing of its network management. During which of the following stages is the internal auditor most likely to verify that the organization's right-to-audit clause is drafted effectively?

• A.Implementation and transition phase.
• B.Tendering and contracting phase.
• C.Monitoring and reporting phase
• D.Decision-making and business-case phase.

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An internal auditor observed that the organization's disaster recovery solution will make use of a code site in a town several miles away Which of the following is likely to be a characteristic of this disaster recovery solution?

• A.Recovery resources and data restore processes have not been defined
• B.Recovery time is expected to be less than one week
• C.Servers are not available and need to be procured
• D.Data is synchronized in real lime

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