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Consider the Following Short Case as You Respond to the Next

question 20

Multiple Choice

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.How many external agents would be depicted in the first column of a REA model of the case?

Definitions:

Citizenship Values

Ethical standards and behaviors that relate to an individual's responsibilities, contributions, and participation within a society or community.

Community

A group of people living in the same place or having a particular characteristic in common, often marked by a sense of fellowship and shared values.

Marketization

The process by which sectors not traditionally subject to market forces are exposed to competitive pressures, often through privatisation or deregulation.

Charitable Contributions

Financial or material donations made to non-profit organizations or causes for the purpose of aiding those in need or supporting societal improvements.