In the article "Costing the 2010 Winter Olympic Games" (CGA Magazine, January- February 2010), Andrew Allentuck discusses the various ways of determining the total cost of hosting the games in Vancouver.
a. Find this article in your library and identify the issues that he raises in discussing how to arrive at a total cost for the 2010 Olympic Games.
b. We often think that accounting is black and white and that it is just a matter of measuring events and putting the numbers in a report. Why is the measurement issue so challenging for the Olympics?
c. Do businesses have some of the same measurement issues that affect the costing of the 2010 Olympics? If so, identify what some of the business issues could be.