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Exam Code: IIA-IAP
Exam Name: Internal Audit PractitionerCertification
Version: V16.75
Q & A: 400 Questions and Answers
IIA-IAP Free Demo download
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NEW QUESTION: 1
Each stock out of a product sold by Company I-: costs US $1,750 per occurrence. The carrying cost per unit of inventory is US $5 per year, and the company orders 1,500 units of product 24 times a year at a cost of US $100 per order. The probability of a stock out at various levels of safety stock is.
What is the optimal safety stock level for the company?
A. 100 units.
B. 300 units.
C. 0 units.
D. 400 units.
Answer: D
Explanation:
The total expected cost of safety stock equals the sum of the expected annual stock out cost and the expected annual carrying cost. Annual expected stock out cost equals the cost per occurrence US $1,750), times the probability of a stock out per cycle, times the number of cycles 24). Annual expected carrying cost of a safety stock equals the unit carrying cost US $5) times the number of units. Hence, a safety stock of 400 units has the lowest total expected cast.
NEW QUESTION: 2
Which capability is NOT included in the price of IBM SPSS Modeler Gold?
A. Realtime scoring
B. Campaign optimization
C. R integration
D. Automated model refresh
Answer: D
NEW QUESTION: 3
You place an order on the E-Commerce Web Application from a mobile device.
You need to verify the payment and complete the order process.
Which three actions should you perform in sequence?
Answer:
Explanation:
Explanation
Scenario: Users must verify payments on a mobile device by using a two-step verification method to include Short Message Service (SMS).
OAuth 2.0 authorization flow
At a high level, the entire authorization flow for an application looks a bit like this:
References:
https://docs.microsoft.com/en-us/azure/active-directory/develop/active-directory-protocols-oauth-code
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