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

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Chapter 2 Areas of Management Advisory Services Part I

(5) Procurement of materials and supplies

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

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