Bumble Beasley Runs a Medium-Sized Consulting Firm with Offices Throughout

question 34

Essay

Bumble Beasley runs a medium-sized consulting firm with offices throughout the United States and Europe. For the past several years, the firm has provided continuing education to its 500 employees via monthly seminars in various locations. But, travel costs are becoming prohibitively expensive, leading Bumble to look for other ways to provide continuing education. Bumble has contacted Training Services Unlimited, an application service provider that specializes in delivering Web-based training on various topics to professional services firms.What type of ASP is Training Services Unlimited? What are the advantages and disadvantages of using their services? Discuss the nature and value of a SAS 70 audit within the context of this case.

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Definitions:

Economic Efficiency

Economic efficiency occurs when a system is able to maximize output with given resources and technology, minimizing waste and inefficiencies.

Individual Transferable Quotas

Regulatory tools in environmental management, granting individuals or companies the right to catch a certain amount of fish or pollute up to a certain limit, which can be traded.

ITQs

Individual Transferable Quotas, a system used in fisheries management that allocates a certain quantity of fish that can be caught by each fisherman or company.

Efficient Use

Utilization of resources in a way that maximizes the output or benefits while minimizing waste, costs, or inefficiencies.