Nestor and Maureen Are Partners in a Small Consulting Firm

question 13

Multiple Choice

Nestor and Maureen are partners in a small consulting firm located in the Republic of Bufflufia; the firm has six employees. For the last five years, the firm has focused on tax planning and tax return preparation. But, Nestor and Maureen are now interested in expanding the firm's scope of services. They are considering risk management consulting, fraud examination and business valuation as potential areas to expand the firm. They are sure at least three of their six employees would put effort into at least one of those three areas, but expanding the firm's services would require additional training for everyone.Based on the short case above, which of the following statements is most true?

• A)After the expansion, Nestor and Maureen may be able to use expectancy theory to sell new services to their old clients.
• B)Regardless of the area into which the firm expands, the basic principles of business process management may be useful to new clients.
• C)Both A and B are true.
• D)Neither A nor B is true.

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Definitions:

Peak-to-peak

A term used to describe the difference between the highest and the lowest values of a waveform, indicating its overall amplitude variation.

RMS Level

The root mean square level, a statistical measure of the magnitude of a varying quantity.

RMS

Root Mean Square, a statistical measure of the magnitude of a varying quantity, commonly used to compute the effective value of an AC current or voltage.

Peak-to-peak

The difference in value between the highest and lowest points in a waveform.