To answer the question, consider the following partial REA model in the context of the case: 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. If Box B is labeled "consultants," Box A could be labeled:
A)Assign employees
B)Complete engagement
C)Either assign employees or complete engagement
D)Neither assign employees nor complete engagement

Question

To answer the question, consider the following partial REA model in the context of the case: 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.  If Box B is labeled "consultants," Box A could be labeled:
A)Assign employees 
B)Complete engagement 
C)Either assign employees or complete engagement 
D)Neither assign employees nor complete engagement

Quizplus · Accepted Answer

The Answer of To answer the question, consider the following partial REA model in the context of the case: 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.  If Box B is labeled "consultants," Box A could be labeled:
A)Assign employees 
B)Complete engagement 
C)Either assign employees or complete engagement 
D)Neither assign employees nor complete engagement

To Answer the Question, Consider the Following Partial REA Model