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10. Among the MAS areas which are not related to the accounting and finance functions is marketing,
which may include the following, except
a. Product profitability analysis.
b. Determination of pricing policy
c. Inventory management studies.
d. Evaluation of salesmen’s incentive compensations.
11. The fields of cost accounting and financial management are among the MAS areas that are
normally related to the accounting and finance functions. Financial management cases may
involve the following, except
a. Establishment of capital budgeting procedures.
b. Study of the cost of capital and cost of debt.
c. Variance analysis
d. Establishment of operating and cash budgets.
12. MAS may be classified according to the practitioners’ ability and/or expertise. Those services which
are considered extensions of the usual accounting work and require additional training and/or
experience
a. Usual services.
b. Somewhat specialized services.
c. Highly specialized services.
d. Unusual services.
18. In cases where clients seek to engage the services of a consultant to provide solutions and results
on a basis wherein the client expects to be involved only to a limited extent,
a. There may be a tendency to apply a packaged solution indiscriminately, which inhibits
b. The client might get solutions that do not meet actual needs, and the consultant might be place
in a position inconsistent with his objective advisory role.
c. The consultant must fully inform the client of the limitations and risks inherent in these types of
undertaking.
d. All of the above
19. Following are the steps involved in the analytical approach and process presented random:
1. evaluating and determining possible solutions
2. seeking and identifying objectives
3. presenting findings and recommendations
4. ascertaining the pertinent facts and circumstances
5. defining the problem or opportunity for improvement
6. planning and scheduling actions to achieve the desired results
7. advising and providing technical assistance in implementing
Arrange the above steps in proper order:
a. 1, 2, 3, 4, 5, 7, 6
b. 4, 2, 5, 1, 3, 6, 7
c. 5, 1, 4, 6, 2, 7, 3
d. 7, 5, 3, 1, 6, 2, 4
20. The analytical approach & process may be summarized into 3 broad stages–analysis, design & implementation.
a. Planning and scheduling actions to achieve the desired results, as well as advising and
providing technical assistance in implementation.
b. Ascertaining the pertinent facts and circumstances, seeking and identifying objectives, and
defining the problem or opportunity for improvement.
c. Evaluating and determining possible solutions and presenting findings and recommendations.
d. All of the above
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