When an Organization Hires Consultants to Assist with Any Phase

question 36

Multiple Choice

When an organization hires consultants to assist with any phase or any phases of the SDLC, there are at least four ethical obligations.Which of the following is not one of those obligations?

• A)Bid the engagement fairly, and completely disclose the terms of potential cost increases.
• B)Bill time accurately to the client and do not inflate time billed.
• C)Do not oversell unnecessary services or systems to the client.
• D)Make an honest effort to participate, learn the new system processes, and properly use the new system.

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Definitions:

Loss On Sale

The financial loss that occurs when the selling price of an asset is less than its carrying amount at the time of sale.

Operating Activity

Activities that constitute the primary or main activities of an organization, such as sales or services.

Investment In Subsidiary

The purchase of shares or interests in a subsidiary company by a parent company to obtain control or significant influence over the subsidiary's management and operations.

Book Value

The net value of an asset as recorded on the balance sheet, calculated as the asset's cost minus accumulated depreciation.