MANAGEMENTCONSULTANCY - Solutions Manual CHAPTER AREAS OF MANAGEMENT ADVISORY SERVICES – PART I I Questions Refer to page 20, par (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 Refer to pages 34 to 36 Refer to pages 17 and 18 (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 firm’s marketing strategy (4) International operations a Market research b Logistics (5) Procurement of materials and supplies 2-1 Chapter 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 Refer to pages 21 to 27 II Multiple Choice Questions C C A B D 2-2 .. .Chapter Areas of Management Advisory Services – Part I a Logistics in ordering materials and supplies including... system effectiveness and efficiency Refer to pages 21 to 27 II Multiple Choice Questions C C A B D 2-2