MS Multiple Choice Part II

MS multiple choice Part II
1. Following are the distinguishing characteristics of MAS except

a. Engagements require highly qualified staff
b. Services rendered are for management
c. Engagements are usually recurring
d. Human relations play a vital role in each engagement
3. It is broad in scope
2. MAS maybe classified according to the practitioners” ability and/or

expertise. Such classifications are the following except
a. Usual services
b. somewhat specialized
c. Highly specialized
d. Unusual services
3. Interim communications should normally summarize

a. findings to date
b. work accomplished in relation to plan
c. when appropriate, tentative recommendations
d. all of the above
4. All except are the advantages of a CPA over management consultants

of other profession :
a. The CPA is known to the client and enjoys his confidence.
b. The CPA is already familiar with the client’s business.
c. The CPA is a member of a profession with recognized standing.
d. As an advisory expert, the CPA takes the responsibility for making
policy and management decisions .
5. A letter of proposal includes

a. the objectives and benefits of the engagement.
b. the scope of the work and the role of the CPA.
c. the approach to the study
d. all of the above
e. none of the above
6. In most cases, businesses hire management consultants to do the

following except :
a. help define specific problems and develop solutions
b. train client personnel
c. help improve intra-company communications
d. implement recommendations
7. The CPA shall be guided by high ideals of personal honor in all his
professional work, his obligation is paramount to the :
a. employer
b. client
c. public
d. government
8. In carrying out full scope engagements, the consultant should participate

up to the implementation stage, considering the following guidelines
except:
a. the client understands the nature and implications of the recommended
course of action.
b. The consultant has made a firm decision to proceed with implementation
based on his understanding and consideration of alternatives.
c. Client management accepts overall responsibility for implementation of
the chosen course of action.
d. Sufficient expertise will be available in the client organization to fully
comprehend the significance of the changes made during the
implementation.
9. It refers to the ability of the practitioner to maintain his role as an

objective adviser or consultant without making any attempt to make
decisions for the management.
a. objectivity
b. competence
c, independence in mental attitude
d. integrity
10. Which of the following statements is true ?

a. The analysis stahe consists of planning and scheduling actions to
achieve the desired results, as well as advising and providing technical
assistance.
b. The design stage consists of evaluating and determining possible
solution and presenting findings and recommendations.
c. The implementation stage consists of ascertaining the pertinent facts
and circumstances, seeking and identifying objectives and defining the
problem or opportunities for improvement.
d. all of the above
11. Which of the following summarize the analytical approach and process?
a. analysis
b. design
c. implementation
d. all of the above
12. In performing MAS, a practitioner must act with integrity,and objectivity

and be independent in mental attitude. This statement falls under
a. competence
b. client benefit
c. due care
d. personal characteristics
13. Evaluating the engagement and post engagement follow up stages fall
under :
a. pre engagement considerations
b. engagement planning
c. engagement conclusion
d. engagement management and execution
14. Under this arrangement, the practitioner quotes a minimum and

maximum fee, with the understanding that the work will be accomplished
within this range, unless unexpected or unforeseen conditions are
encountered or redefinitions of the situation becomes necessary during
the course of the engagement.
a. bracket quotation
b. retainer
c. lump sum or fixed amount
d. per diem
15. It is an offer of service.When accepted or approved, it becomes a

contractual agreement.
a. confirmation letter
b. contract
c. engagement letter
d. proposal letter
16. Due professional care in the performance of a profession applies to

a. Auditing only
b. MAS only
c. Both Auditing and MAS
d. none of the above
17. This stage of the analytical approach and process consists of

ascertaining the pertinent facts and circumstances, seeking and identifying
objectives, and defining the problem or opportunities for improvement.
a. analysis stage
b. design stage
c. implementation stage
d. none of the above
18. Which of the following is not classifiable as a management advisory

service by CPAs ?
a. annual financial planning and budgeting.
b. public relations work
c. information systems
d. lease or buy analysis
19. Which of the following types of management services is not directly

related to accounting and finance functions ?
a. cost analysis of major investment decision
b. long range planning
c. design, installation and review of budgetary system
d. valuation of capital stocks of companies for purposes of merger or sale
20. Which of the following types of management services is normally

related to accounting and finance ?
a. management audit
b. marketing forecast
c. job evaluation and salary administration
d. cost reduction studies

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MS multiple choice Part II

1. Following are the distinguishing characteristics of MAS except

2. MAS maybe classified according to the practitioners” ability and/or

3. Interim communications should normally summarize

4. All except are the advantages of a CPA over management consultants

5. A letter of proposal includes

6. In most cases, businesses hire management consultants to do the

8. In carrying out full scope engagements, the consultant should participate

9. It refers to the ability of the practitioner to maintain his role as an

10. Which of the following statements is true ?

12. In performing MAS, a practitioner must act with integrity,and objectivity

14. Under this arrangement, the practitioner quotes a minimum and

15. It is an offer of service.When accepted or approved, it becomes a

16. Due professional care in the performance of a profession applies to

17. This stage of the analytical approach and process consists of

18. Which of the following is not classifiable as a management advisory

19. Which of the following types of management services is not directly

20. Which of the following types of management services is normally

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