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    Chapter 01 - Management Consultancy by Cabrera

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    rogienelr
    The document discusses the emergence and growth of management consultancy services provided by CPAs. Some of the key factors that contributed include the increasing size, complexity and competition of businesses. Small companies especially need consultants to provide professional assistance since owners are usually too busy with daily operations to devote time to important staff services. The primary objective of business management is to maximize return on investor capital while maintaining safety, with secondary objectives being social, legal and community responsibilities.

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    Chapter 01 - Management Consultancy by Cabrera

    Uploaded by

    rogienelr
    12K views2 pages
    The document discusses the emergence and growth of management consultancy services provided by CPAs. Some of the key factors that contributed include the increasing size, complexity and competition of businesses. Small companies especially need consultants to provide professional assistance since owners are usually too busy with daily operations to devote time to important staff services. The primary objective of business management is to maximize return on investor capital while maintaining safety, with secondary objectives being social, legal and community responsibilities.

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    Solution manual

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    The document discusses the emergence and growth of management consultancy services provided by CPAs. Some of the key factors that contributed include the increasing size, complexity and competition of businesses. Small companies especially need consultants to provide professional assistance since owners are usually too busy with daily operations to devote time to important staff services. The primary objective of business management is to maximize return on investor capital while maintaining safety, with secondary objectives being social, legal and community responsibilities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    12K views2 pages

    Chapter 01 - Management Consultancy by Cabrera

    Uploaded by

    rogienelr
    The document discusses the emergence and growth of management consultancy services provided by CPAs. Some of the key factors that contributed include the increasing size, complexity and competition of businesses. Small companies especially need consultants to provide professional assistance since owners are usually too busy with daily operations to devote time to important staff services. The primary objective of business management is to maximize return on investor capital while maintaining safety, with secondary objectives being social, legal and community responsibilities.

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    You are on page 1of 2

    MANAGEMENT CONSULTANCY - Solutions Manual

    1-1
    CHAPTER 1

    OVERVIEW OF
    MANAGEMENT ADVISORY SERVICES
    (MAS) BY CPAs


    I. Questions

    1. Among the primary factors that contributed to the emergence and growth
    of management consultancy are:

    1. Growth in size and complexity of business.
    2. Difficulty in conducting and managing a business.
    3. Greater competition among businesses so that new management
    techniques will have to be applied.
    4. Recognition of the importance of accurate and timely information in
    decision-making.
    5. Inability to have a complete line-up of professional management.

    2. Small companies need management consultants to provide them with
    professional assistance because they are usually not in a position to hire a
    complete line-up of well-rounded management. Owners and their
    executives are usually burdened with the responsibility of managing the
    day-to-day operations of the company so that not enough time is devoted
    to many staff services that are essential to the continuous growth and
    success of the business.

    3. The objectives of management of a business organization are:

    Primary:
    To maximize the return on the investors capital and at the same time
    providing for the safety of such resources entrusted to them.

    Secondary:
    To be able to discharge its social and legal responsibilities towards
    its employees, customers, the community and the government.
    4. Refer to page 9, par(s) 3 and 4

    Chapter 1 Overview of Management Advisory Services
    1-2
    5. Refer to page 12

    6. Refer to page 11

    7. Refer to page 4, par 4

    8. Refer to pages 6 and 7

    9. Refer to pages 7 and 8

    10. Refer to pages 10 and 11

    II. Multiple Choice Questions

    1. D
    2. C
    3. C
    4. D
    5. B

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