BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Generally, the emergence and growth of management consultancy may be attributed to the following factors, except
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Growth in size and complexity of business firms
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Complexity in managing and conducting a business.
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The development of techniques for the solution of management problems and businessmen’s awareness of how to solve such problems
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Need for adequate and timely information in management decision-making
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Explanation:
Detailed explanation-1: -Broadly, it is through strategy, operations, and technology practices.
Detailed explanation-2: - The area of management advisory services has some of the following characteristics: it involves decisions for the future (choice-letter “a”), it covers a wide area of managerial interests (choice-letter b”), it deals with a specific problem where an expert’s help is required (choice-letter d”).
Detailed explanation-3: -The consultant should call to the prospective client, listen to an explanation of the problem, and then agree to do as the prospective client wishes provided the work lies within the field of the consultant’s competence.
There is 1 question to complete.