CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
1. In reviewing the IS short-range (tactical) plan, an IS auditor should determine whether:
A) there is an integration of IS and business staffs within projects.
B) there is a clear definition of the IS mission and vision.
C) a strategic information technology planning methodology is in place.
D) the plan correlates business objectives to IS goals and objectives.
2. Which of the following would an IS auditor consider the MOST relevant to short-term planning for an IS department?
A) Allocating resources
B) Keeping current with technology advances
C) Conducting control self-assessment
D) Evaluating hardware needs
3. Which of the following goals would you expect to find in an organization's strategic plan?
A) Test a new accounting package.
B) Perform an evaluation of information technology needs.
C) Implement a new project planning system within the next 12 months.
D) Become the supplier of choice for the product offered.
4. Which of the following would an IS auditor consider to be the MOST important when evaluating an organization's IS strategy? That it:
A) has been approved by line management.
B) does not vary from the IS department's preliminary budget.
C) complies with procurement procedures.
D) supports the business objectives of the organization.
5. An IS auditor reviewing an organization's IT strategic plan should FIRST review:
A) the existing IT environment.
B) the business plan.
C) the present IT budget.
D) current technology trends.
A) there is an integration of IS and business staffs within projects.
B) there is a clear definition of the IS mission and vision.
C) a strategic information technology planning methodology is in place.
D) the plan correlates business objectives to IS goals and objectives.
2. Which of the following would an IS auditor consider the MOST relevant to short-term planning for an IS department?
A) Allocating resources
B) Keeping current with technology advances
C) Conducting control self-assessment
D) Evaluating hardware needs
3. Which of the following goals would you expect to find in an organization's strategic plan?
A) Test a new accounting package.
B) Perform an evaluation of information technology needs.
C) Implement a new project planning system within the next 12 months.
D) Become the supplier of choice for the product offered.
4. Which of the following would an IS auditor consider to be the MOST important when evaluating an organization's IS strategy? That it:
A) has been approved by line management.
B) does not vary from the IS department's preliminary budget.
C) complies with procurement procedures.
D) supports the business objectives of the organization.
5. An IS auditor reviewing an organization's IT strategic plan should FIRST review:
A) the existing IT environment.
B) the business plan.
C) the present IT budget.
D) current technology trends.
1. Right Answer: A
Explanation: The integration of IS and business staff in projects is an operational issue and should be considered while reviewing the short-range plan. A strategic plan would provide a framework for the IS short-range plan. Choices B, C and D are areas covered by a strategic plan.
2. Right Answer: A
Explanation: The IS department should specifically consider the manner in which resources are allocated in the short term. Investments in IT need to be aligned with top management strategies, rather than focusing on technology for technology's sake. Conducting control self-assessments and evaluating hardware needs are not as critical as allocating resources during short-term planning for the IS department.
3. Right Answer: D
Explanation: Strategic planning sets corporate or departmental objectives into motion. Comprehensive planning helps ensure an effective and efficient organization. Strategic planning is time- and project-oriented, but also must address and help determine priorities to meet business needs. Long- and short-range plans should be consistent with the organization's broader plans for attaining their goals. Choice D represents a business objective that is intended to focus the overall direction of the business and would thus be a part of the organization's strategic plan. The other choices are project-oriented and do not address business objectives.
4. Right Answer: D
Explanation: Strategic planning sets corporate or department objectives into motion. Both long-term and short- term strategic plans should be consistent with the organization's broader plans and business objectives for attaining these goals. Choice A is incorrect since line management prepared the plans.
5. Right Answer: B
Explanation: The IT strategic plan exists to support the organization's business plan. To evaluate the IT strategic plan, an IS auditor would first need to familiarize themselves with the business plan.
Explanation: The integration of IS and business staff in projects is an operational issue and should be considered while reviewing the short-range plan. A strategic plan would provide a framework for the IS short-range plan. Choices B, C and D are areas covered by a strategic plan.
2. Right Answer: A
Explanation: The IS department should specifically consider the manner in which resources are allocated in the short term. Investments in IT need to be aligned with top management strategies, rather than focusing on technology for technology's sake. Conducting control self-assessments and evaluating hardware needs are not as critical as allocating resources during short-term planning for the IS department.
3. Right Answer: D
Explanation: Strategic planning sets corporate or departmental objectives into motion. Comprehensive planning helps ensure an effective and efficient organization. Strategic planning is time- and project-oriented, but also must address and help determine priorities to meet business needs. Long- and short-range plans should be consistent with the organization's broader plans for attaining their goals. Choice D represents a business objective that is intended to focus the overall direction of the business and would thus be a part of the organization's strategic plan. The other choices are project-oriented and do not address business objectives.
4. Right Answer: D
Explanation: Strategic planning sets corporate or department objectives into motion. Both long-term and short- term strategic plans should be consistent with the organization's broader plans and business objectives for attaining these goals. Choice A is incorrect since line management prepared the plans.
5. Right Answer: B
Explanation: The IT strategic plan exists to support the organization's business plan. To evaluate the IT strategic plan, an IS auditor would first need to familiarize themselves with the business plan.
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