Discuss why it is critical to invest time early during the first three phases.
What will be an ideal response?
Answers may vary, but discussion regarding that many problems that occur later on in the consulting process are attributed to shortcuts or omissions in contracting. Cunningham further describes this: “The planned change process requires more time in the formative sequences of the process… . . .” Essentially, skipping ahead can have serious consequences later on.
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With respect to the statement of cash flows,
a. retirement and repurchase of stock is a financing activity. b. a stock split is a financing activity. c. a stock dividend is an investing activity. d. the declaration of a cash dividend account is an operating activity.
XYZ Corp’s customer satisfaction is slowly declining. What part of the organizational system are they most likely lacking in?
a. feedback b. inputs c. concurrent control d. damage control
Which of the following could not be used in job-order costing?
a. An average cost per unit for all jobs. b. Standards. c. Overhead allocation based on job's direct labor hours. d. Normal Costing.
Corporate social responsibility is defined as the:
A. belief that the legal system defines ethical behavior B. development of inclusive codes of ethics C. rules by which social rewards are attained D. concern for social welfare by businesses E. coordination of social programs for publicity purposes