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Exam Code: IIA-CIA-Part3-3P-CHS

Exam Name: Certified Internal Auditor - Part 3 - Internal Audit Knowledge Elements

Version: V15.35

Q & A: 208 Questions and Answers

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NEW QUESTION: 1
Sydney Johnson is the supply management professional for Scott Textile Industries of North America.
Numerous antitrust and trade regulations as well as U.S. Federal procurement and public projects affect her daily operations. Which regulation would require Sydney to ensure local wage standards, prevailing wage and participation in her organizations business particularly for a government building contract?
A. The Robinson- Patman Act
B. General Agreement on Tariffs and Trade (GATT)
C. Americans with Disabilities Act (ADA)
D. Davis Bacon Act
Answer: D
Explanation:
Sydney Johnson is the supply management professional for Scott Textile Industries of North
America. Numerous antitrust and trade regulations as well as U.S. Federal procurement and public projects affect her daily operations. The Davis Bacon Act would require Sydney to ensure local wage standards, prevailing wage and participation in her organizations business particularly for a government building contract. The General Agreement on Tariffs and Trade (GATT) reduces barriers of tariffs, quantity restrictions and subsidies in international trade. The Americans with Disabilities Act (ADA) requires accommodations for qualified disabled workers by removing workplace barriers. The Robinson-
Patman Act would require her suppliers engaged in interstate commerce to sell an item to all customers at the same price.

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