Vendor: IIA
Exam Code: IIA-CIA-PART4
Exam Name: Certified Internal Auditor - Part 4, Business Management Skills
Certification: IIA Certifications
Total Questions: 535 Q&A
Updated on: Jun 13, 2026
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In a declining industry with a favorable structure, a firm may have the ability to recover additional investment or to earn above-average returns in the remaining pockets of demand. Such a firm is most likely to follow a:
A. Quick divestment strategy.
B. Harvest strategy or quick divestment strategy.
C. Leadership strategy or harvest strategy.
D. Leadership strategy or niche strategy.
A manager has a small team of employees, but each individual is self-motivated and could be termed a "high achiever." The manager has been given a particularly difficult assignment. Even for a high achiever, the probability that this job can be completed by one individual by the required deadline is low. Select the best course for the audit manager.
A. Assign one individual since high achievers thrive on high risks.
B. Assign two employees to moderate the risk of failure.
C. Assign all employees to ensure the risk of failure is low.
D. Ask company management to cancel the job.
Steps in a negotiation include clarifying interests, identifying options, designing alternative deal packages, selecting a deal, and perfecting the deal. The type of negotiation described is:
A. Two-party.
B. Three-party.
C. Added-value.
D. Ineffective.
The following table comprehensively analyzes the quality and value of IIA Certifications IIA-CIA-PART4 exam materials.