The President of a Consulting Firm Wants to Minimize the Total

question 15

Multiple Choice

The president of a consulting firm wants to minimize the total number of hours it will take to complete four projects for a new client. Accordingly, she has estimated the time it should take for each of her top consultants-Charlie, Betty, Johnny, and Rick-to complete any of the four projects, as follows:

Assume there must be one-to-one matching between consultants and projects. After the row and column reductions, what is the resulting entry in the new table for assigning Rick to project D?

• A)0 hours
• B)8 hours
• C)10 hours
• D)9 hours
• E)22 hours

Identify the ethical standards related to competence, informed consent, and assessment in counseling.

Understand the principles of beneficence, nonmaleficence, justice, and autonomy in ethical counseling practice.

Recognize the legal and ethical obligations of counselors in the selection and administration of assessments.

Understand the significance of evaluating test norms and ensuring tests are appropriate for the client's demographic.

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Definitions:

Sum-Of-Years' Digits

An accelerated method of depreciation which involves allocating the cost of an asset over its useful life in a way that results in higher depreciation expense in the earlier years and lower expense in later years.

Salvage Value

The anticipated market value of an asset upon completing its service life.

Matching Principle

An accounting principle that requires expenses to be matched with the revenues they helped to generate in the same period.

Amortization

The gradual reduction of a debt over a period of time or the spreading out of capital expenses related to intangible assets over their useful life.