IIA-CIA-Part3 Practice Test

IIA-CIA-Part3 Practice Test practice questions, page 8 of 26, with answer review and explanations.

Question 36

A software that translates hypertext markup language (HTML) documents and allows a user to view a remote web page is called:

  1. A transmission control protocol/Internet protocol (TCP/IP).
  2. An operating system.
  3. A web browser.
  4. A web server.

Question 37

The first step in determining product price is:

  1. Determining the cost of the product.
  2. Developing pricing objectives.
  3. Evaluating prices set by the competitors.
  4. Selecting a pricing method.

Question 38

The activity that involves a trial run of a product in a typical segment of the market before proceeding to a national launch is referred to as:

  1. Test marketing
  2. Experimentation
  3. Segmentation
  4. Positioning

Question 39

Which of the following best describes the concept of relevant cost?

  1. A future cost that is the same among alternatives.
  2. A future cost that differs among alternatives.
  3. A past cost that is the same among alternatives.
  4. A past cost that differs among alternatives.

Question 40

Which of the following statements pertaining to a market skimming pricing strategy is not true?

  1. The strategy is favored when unit costs fall with the increase in units produced.
  2. The strategy is favored when buyers are relatively insensitive to price increases.
  3. The strategy is favored when there is insufficient market capacity and competitors cannot increase market capacity.
  4. The strategy is favored when high price is perceived as high quality.