MULTIPLE CHOICE
1. An engagement program contains the following except
a. engagement objectives.
b. list of manpower required.
c. description of tasks to be accomplished.
d. amount of fees to be earned for each tangible output completed.
2. The activities involved during the negotiation stage of a consulting engagement include the
following except
a. limited survey to ascertain the problem of the business entity and what is required to reach a
solution.
b. identification of the end product of the assignment.
c. determination and agreement on the role to be performed by the cpa.
d. agree on the final fee to be charged for the service of the cpa.
3. The engagement proposal letter generally includes the following except
a. objectives and benefits
b. personnel who will be assigned as engagement team members.
c. scope of the work and role of the consultant.
d. fees and billing arrangement.
4. The usefulness of observation can be maximized by following these guidelines except
a. Identify and define what it is that the consultant will observe and the estimated length that the
observation will entail.
b. If persons are to be aware of the observations, explain to them what will be done and why.
c. Expressing value judgments when interacting with the persons being observed.
d. Make a record of what is observed as specific as possible, avoiding generalities and vague
descriptions.
5. An analysis strategy whereby numbers are combined in order to understand how they relate to
each other
a. Categorization
b. Classification
c. Numerical analysis
d. Correlation
6. An analysis strategy whereby data, facts or items are sorted into different groups by virtue of their
features thereby leading to identification of the significance of the information
a. Categorization
b. Classification
c. Causation
d. Association
7. In conducting a post-engagement follow-up, the following areas will be covered except
a. proposal
b. engagement program
c. source data
d. fee earned on each important part of the engagement
8. Solution development phase of the problem-solving process involve the following steps
1. Detailed development of the selected solution
2. Choice of the preferred solution alternative
3. Evaluation of solution alternative
4. Generation of solution alternative
In what order should the above listed activities be performed?
a. 1, 2, 3, 4
b. 4, 3, 2, 1
c. 2, 1, 3, 4
d. 4, 3, 1, 2
9. In using questionnaires as a means of gathering information, which of the following should the
consultant avoid?
a. Providing detailed instruction concerning how the questions are to be completed.
b. Providing a time limit or deadline for return of the questionnaire.
c. Ask, pointed, concise questions when possible.
d. Exclude a section in which respondents can state opinions or criticisms.
10. The following are the basic steps in the problem solving process:
1. Evaluating the engagement and post-engagement follow-up.
2. Data analysis and diagnosis.
3. Solution selection.
4. Problem identification and definition and desired outcome.
5. Identification of suitable sources of information and data-gathering.
6. Preparation and presentation of the report and recommended solution.
The order in which the above activities should be preferably followed is
a. 1, 2, 3, 4, 5, 6
b. 4, 5, 2, 3, 6, 1
c. 4, 2, 5, 3, 6, 1
d. 4, 5, 2, 6, 3, 1
TRUE OR FALSE
1. Management science involves a problem-solving framework based on scientific methods and
applies mathematical, statistical and probabilistic techniques to management problem. TRUE
2. Project plan serves as the blueprint for execution of the engagement and a means by which the
consultant can monitor project progress. FALSE
3. Before undertaking an engagement, a practitioner shall inform his client of all significant matter
related in the engagement. TRUE
4. The consultant is expected to maintain independence to enable him to render professional
judgment. TRUE
5. The consultant responsible for the engagement should actually conduct the meeting and should
have something tangible for the meeting participants to see and if possible take with them.
TRUE
6. Work objectives serves as the beginning point for development of the detailed work plan that
breaks up the end work product into manageable pieces. FALSE
7. It is not necessary to choose qualified personnel other than member of the implementation
team to conduct the evaluation. FALSE
8. Scamper approach employs an idea-generation concept similar to brainstorming. FALSE
9. Decision level analysis has the purpose of depicting the varied interrelationships among the
decisions made throughout the segments and levels of organization. TRUE
10. Kick off meeting will pay a key role in establishing the tenor of the project and should be
carefully organized to cover significant points in the project process. TRUE
ANSWER KEY:
MULTIPLE CHOICE TRUE OR FALSE
1. D 1. TRUE
2. D 2. FALSE
3. C 3. TRUE
4. C 4. TRUE
5. C 5. TRUE
6. A 6. FALSE
7. D 7. FALSE
8. B 8. FALSE
9. D 9. TRUE
10. B 10. TRUE
