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Consider the Following Short Case as You Respond to the Next

question 37

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Consider the following short case as you respond to the next nine questions: ABC Consulting's employees include management, consultants and office staff.The company accepts engagements related to internal control design and evaluation, as well as enterprise risk management plans.A customer can purchase the two services independently of one another.The office staff bills clients on a monthly basis with terms of 2/10, n/30.All consulting clients must sign a contract, which is also signed by an ABC manager.One member of ABC's management team assigns at least one consultant to work with the customer until the engagement is complete.Consultants can be assigned to multiple engagements simultaneously, but every consultant must always be working on at least one engagement.Each client may have only one contract with ABC at a time.The smallest possible number of internal agents in the third column of a REA model of the case is:

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Definitions:

Effective Leader

An individual who influences and guides others towards the achievement of goals through their vision, integrity, and ability to innovate and motivate.

Ethical Values

The set of moral principles and standards that guide behavior and decision-making based on notions of right and wrong.

Generations

Groups of people born and living around the same time, known for having shared experiences that shape their worldview.

Culturally Contingent

Something that depends on cultural context or varies according to different cultural practices and beliefs.

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