Nestor and Maureen are partners in a small consulting firm located in the Republic of Bufflufia; the firm has six employees.For the last five years, the firm has focused on tax planning and tax return preparation.But, Nestor and Maureen are now interested in expanding the firm's scope of services.They are considering risk management consulting, fraud examination and business valuation as potential areas to expand the firm.They are sure at least three of their six employees would put effort into at least one of those three areas, but expanding the firm's services would require additional training for everyone.Based on the short case above, which of the following statements is most true?
A)An enterprise risk management plan will be required only if they decide to expand into risk management consulting.
B)Nestor and Maureen need to increase their own valence.
C)Both an enterprise risk management plan will be required only if they decide to expand into risk management consulting and Nestor and Maureen need to increase their own valence are true.
D)Neither an enterprise risk management plan will be required only if they decide to expand into risk management consulting nor Nestor and Maureen need to increase their own valence is true.

Question

Quizplus · Accepted Answer

The statement about needing an enterprise risk management plan specifically for risk management consulting doesn't account for the broader applicability of such a plan across all areas of expansion. Additionally, the concept of increasing "valence" is not directly applicable or explained in the context provided, making both A and B not necessarily true.

Nestor and Maureen Are Partners in a Small Consulting Firm