MANAGEMENT CONSULTANCY - Solutions Manual

CHAPTER 2 AREAS OF MANAGEMENT ADVISORY SERVICES PART I

I. Questions 1. Refer to page 20, par 3 2. (a) Independent management consulting firms. Examples of these firms are Accenture Consulting, Ernst & Young Consulting, First Investment Development, Inc. (b) Public Accounting firms (c) Individual practitioners (d) Internal consulting groups (e) Research-oriented organizations. 3. Refer to pages 34 to 36 4. Refer to pages 17 and 18 5. (1) Manufacturing a. Development of standard costing system b. Application of just-in-time inventory system (2) Finance and Accounting a. Improvement of general and cost accounting system b. Capital investment analysis (3) Marketing a. Evaluation and improvement of the distribution system b. Assessment of the effectiveness of the firms marketing strategy (4) International operations a. Market research b. Logistics

(5) Procurement of materials and supplies 2-1

Chapter 2

Areas of Management Advisory Services Part I

a. Logistics in ordering materials and supplies including choice of suppliers; quantity and quality decisions, receipt and issuance procedures, etc. b. Evaluation of system effectiveness and efficiency 6. Refer to pages 21 to 27 II. Multiple Choice Questions 1. 2. 3. 4. 5. C C A B D

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