Which Type of Consulting Approach Is Commonly Utilized in the IT

question 15

Multiple Choice

Which type of consulting approach is commonly utilized in the IT field or financial industry?

• A) Expert
• B) Doctor-Patient
• C) Mechanic
• D) Organization Development

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Definitions:

Accounting Rule-Making Bodies

Organizations or groups responsible for setting standards and regulations in the accounting field, like FASB or IASB.

CAP

An abbreviation often referring to the "Capitalization" of a company, which is the sum of a company's stock, long-term debt, and retained earnings.

FASB

The Financial Accounting Standards Board, a private, non-profit organization standard setter, which establishes the generally accepted accounting principles (GAAP) within the United States.

Agency Theory

A framework that analyzes the relationship and conflicts between principals (owners) and agents (managers) in a corporation, focusing on how to align their interests.