MC REVIEWERS

1.After a couple of years in the industry, who undertake the evaluation of the
client business and make recommendations on its behalf.

a.
Analysts
b.
Consultants
c.
Managers
d.
Directors
The correct answer is: Consultants

2.Which of the following statements is false?

a.
New developments and transformations could result to management consulting becoming more
specialized.
b.
As consultants grow in number, they tend to develop more sophisticated means of marketing
their services.
c.
Because of the more stringent and technical qualifications required in management consulting,
more not-so-bright graduates of accounting, management and business schools will be attracted
to careers in this area.
The correct answer is: Because of the more stringent and technical
qualifications required in management consulting, more not-so-bright
graduates of accounting, management and business schools will be attracted
to careers in this area.

3.Most definitions of consultancy would include such services related to the

following except -

a.
Information technology
b.
Systems and operations management
c.
Corporate strategy
d.
Legal advisory
The correct answer is: Legal advisory

4.The actual output of a consulting engagement centers on providing the

business organization with the following except -

a.
Valuable information
b.
Support for contesting tax assessments by the BIR
c.
Support in acquiring a critical resource
d.
Support for internal arguments
The correct answer is: Support for contesting tax assessments by the BIR

5.They are the most experienced consultants, who take on responsibility for
the development of the organization as a whole and who lead its strategic
development.

a.
Consultants
b.
Senior Consultants or Managers
c.
Analysts
d.
Directors or Partners if a private firm
The correct answer is: Directors or Partners if a private firm
6.Which of the following statements is incorrect?

a.
An experienced management consultant possesses special knowledge, skills
and a variety of personal attributes that make him the most desirable
candidate to undertake management consulting engagement involving his
area of expertise.
b.
The use of consultants is generally much more expensive to the company
than hiring full time new managers and employees to provide professional
advisory services.
c.
A consultant is hired because generally he is considered independent,
objective and detached to the problems faced by the organization.
d.
A consultant is considered a catalyst for change that can assist management
in the administration of the business entity.
Feedback
The correct answer is: The use of consultants is generally much more
expensive to the company than hiring full time new managers and employees
to provide professional advisory services.

7.Most graduates would start here straight from university or business school,
who are responsible for gathering information and processing it for the
consulting team.

a.
Consultants
b.
Managers
c.
Directors
d.
Analysts
Feedback
The correct answer is: Analysts
8.Only large firms offer these positions.

a.
Consultants
b.
Analysts
c.
Directors
d.
Managers
Feedback
The correct answer is: Analysts

9.Typically they have 3-5 years of consulting experience and have already
demonstrated their ability to take on the responsibility of running small
consulting projects.

a.
Directors or Partners if a private firm
b.
Analysts
c.
Consultants
d.
Senior Consultants or Managers
Feedback
The correct answer is: Senior Consultants or Managers

10.Which of the following statements is false?

a.
Management consultancy services are provided not only to big business
enterprises but also to medium-size and small companies.
b.
Management consultants are licensed and regulated by laws.
c.
CPAs have historically been business consultant to their clients.
Feedback
The correct answer is: Management consultants are licensed and regulated by
laws.

1.
a.
Audit engagements
b.
Change management engagement
c.
Computerization engagements
d.
Re-engineering jobs
Feedback
The correct answer is: Audit engagements

2.
a.
Legal advisory
b.
Systems & operations management
c.
Corporate strategy
d.
Information technology
Feedback
The correct answer is: Legal advisory

3.
a.
Support for internal arguments
b.
Valuable information
c.
Support for contesting tax assessments by the BIR
 d.
Support in acquiring a critical resource
Feedback
The correct answer is: Support for contesting tax assessments by the BIR

4.The following characterize management advisory services except -

a.
Utilize more junior staff than senior member of the firm
b.
Relate to specific problems expert help is required
c.
Broader in scope and varied in nature
d.
Involve decision for the future
Feedback
The correct answer is: Utilize more junior staff than senior member of the firm

5.Which of the following statement is False?

a.
Included in the practice of consulting is the provision of confidential service in
which the identity of the client is concealed.
b.
CPAs provide management services to go around the ethical constraints as
mandated by the accountancy act.
c.
CPAs performing management services may be considered to be in the
practice of management consulting.
d.
Businesses hire management consultants to help define specific problems and
develop solutions.
Feedback
The correct answer is: CPAs provide management services to go around the
ethical constraints as mandated by the accountancy act.
6.Which of the following statements is False?

a.
Because of the more stringent and technical qualifications required in
management consulting, more not-so-bright graduates of accounting,
management and business schools will be attracted to careers in this area.
b.
New developments and transformations could result to management
consulting becoming more specialized.
Feedback
The correct answer is: Because of the more stringent and technical
qualifications required in management consulting, more not-so-bright
graduates of accounting, management and business schools will be attracted
to careers in this area.

7.Which of the following statements is false?

a.
Management consultancy services are provided not only to big business
enterprises but also to medium-size and small companies.
b.
Management consultants are licensed and regulated by laws.
c.
CPAs have historically been business consultants to their clients.
Feedback
The correct answer is: Management consultants are licensed and regulated by
laws.

8.Which of the following statements is incorrect?

a.
A consultant is considered a catalyst for change that can assist management
in the administration of the business entity.
b.
The use of consultants is generally much more expensive to the company
than hiring full time new managers and employees to provide professional
advisory services.
c.
A consultant is hired because generally he is considered independent,
objective and detached to the problems faced by the organization.
d.
An experienced management consultant possesses special knowledge, skills
and a variety of personal attributes that make him the most desirable
candidate to undertake management consulting engagement involving his
area of expertise.
Feedback
The correct answer is: The use of consultants is generally much more
expensive to the company than hiring full time new managers and employees
to provide professional advisory services.

9.Which of the following statements is not acceptable?

a.
A CPA shares with a new and substantial client information regarding another
client belonging to the same industry.
b.
A CPA provides consulting services to an existing audit client
c.
A CPA offers and provides consulting services to 2 major competing clients.
The correct answer is: A CPA shares with a new and substantial client
information regarding another client belonging to the same industry.

10.Which of the following statements is True?

a.
A CPA with MBA and PhD Degrees is automatically qualified to render
management services.
b.
A CPA by virtue of having the necessary academic preparation and by
hurdling the licensure examinations required to have a CPA license can
readily render management services to the public.
 c.
Adequate training and experience in both the analytical approach and process
in the particular undertaking are requisites for the CPA to be involved in a
management service engagement.
d.
Competence as a standard in the rendition of management services by a CPA
may be equated to having excellent scholarly preparation to include the usual
baccalaureate degree, an MBA and other post graduate studies.
Feedback
The correct answer is: Adequate training and experience in both the analytical
approach and process in the particular undertaking are requisites for the CPA
to be involved in a management service engagement.
1.What is the instructor’s e-mail address?

A.
rosemariedimaranan@laverdad.com
B.
rosedimaranan2015@gmail.com
C.
rosemariedimaranan@gmail.com
D.
None among the given answers.
The correct answer is rosemariedimaranan@laverdad.edu.ph
E.
rosemariedimaranan@laverdad.edu.com
Feedback
Your answer is correct.
The correct answer is:
None among the given answers.

2.In case of cheating, what are the disciplinary actions that might be taken?

A.
Not Sure
B.
Not indicated
C.
Expulsion from the subject
D.
Zero points in Exam/Project
E.
Dropped from the rolls
Feedback
Your answer is correct.
The correct answer is:
Zero points in Exam/Project

3.In what section of the syllabus is the phrase “academic excellence” used?

A.
Program Outcomes
B.
LVCC Creed
C.
Course Learning Outcome
D.
Program Vision
E.
LVCC Mission
Feedback
Your answer is correct.
The correct answer is:
LVCC Mission
4.A student who has incurred absences more than twenty percent (20%) of
the total number of school days shall not be given credit to the course
regardless of class standing.

A.
As per CSC regulations
B.
As usual
C.
As agreed upon
D.
As advised by the President of the Philippines
E.
Section 1551 of CHED’s Manual of Regulation for Private Educational
Institution
Feedback
Your answer is correct.
The correct answer is:
Section 1551 of CHED’s Manual of Regulation for Private Educational
Institution

5. How many credit hours units is this subject?

A.
2 units
B.
3 units
C.
4 units
D.
6 units
E.
5 units
Feedback
Your answer is correct.
The correct answer is:
3 units

6.What percentage is the final exam?

A.
20 percent
B.
60 percent
C.
40 percent
D.
30 percent
E.
50 percent
Feedback
Your answer is correct.
The correct answer is:
20 percent

7.The final grade for the regular exam is 60%.

Select one:
True
False 
Feedback
The correct answer is 'False'.

8.All exercises and requirements for the course are to be complied by the
students as part of their ______________.
 A.
portfolio
B.
requirements
C.
course review
D.
instructions
E.
attendance
Feedback
Your answer is correct.
The correct answer is:
portfolio

9.What is the percentage point of "Attendance and Assignments"?

A.
20 percent
B.
30 percent
C.
50 percent
D.
10 percent
E.
40 percent
Feedback
Your answer is correct.
The correct answer is:
10 percent
10.How many exams will be taken in the course of the class?
Select one:
A.
3
B.
4
C.
2
D.
1
E.
6
Feedback
Your answer is correct.
The correct answer is:
6