CCTNG 15.docx - ACCOUNTING 15-MANAGEMENT CONSULTANCY Multiple Choice 1 D 2 C 3 C 4 D 5 D 6 C 7 C 8 A 9 B 10 D 11 B 12 D 13 D 14 B 15 D 16 C 17 D 18 D

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ACCOUNTING 15-MANAGEMENT CONSULTANCY Multiple Choice 1. D 2. C 3. C 4. D 5. D 6. C 7. C 8. A 9. B 10. D 11. B 12. D 13. D 14. B 15. D 16. C 17. D 18. D Explain 1. What are some of the factors that contributed to the emergence and growth of management consultancy? Among the primary factors that contributed to the emergence and growth of management consultancy are (a) Growth in size and complexity of business. (b) Difficulty in conducting and managing a business. (c) 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. Why do small companies need the services of management consultants? Management consultants can provide many different services to small companies. They can provide technical expertise to a company that might not otherwise employee it. They can take on special projects that nobody else has time to complete. They can provide strategic advice based on their years of experience in similar business situations. They can also serve as a coach to the owner, both advising on situations as they arise, as well as being another set of eyes watching over the business. The issue
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