McCartney Consulting Group Is a Management-Consulting Firm That Provides Its

question 46

Multiple Choice

McCartney Consulting Group is a management-consulting firm that provides its expertise to businesses that employ its services.Since it does not hold an inventory of goods or produce any goods itself:

• A)its balance sheet will not record any current assets.
• B)its revenue will equal its net income.
• C)it is unlikely to have any operating expenses.
• D)its gross profit could be identical to its net revenue.

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Definitions:

Similar Customers

Consumers who share common characteristics, needs, or purchase behaviors.

Stable Environments

Conditions in which the external business context remains relatively unchanged, allowing for predictable operational planning.

Functional Structures

An organizational design that groups employees according to their specialized roles or functions within the company, aiming for efficiency and expertise.

Functional Structures

An organizational design where the company is divided into departments based on specialty functions such as marketing, finance, and production.