Our factory is three times as _______ as theirs.A.the biggerB.biggerC.biggestD.big
Our factory is three times as _______ as theirs.
A.the bigger
B.bigger
C.biggest
D.big
Our factory is three times as _______ as theirs.
A.the bigger
B.bigger
C.biggest
D.big
Our school-run factory _____ various kinds of chemical devices last year.
A.turned into
B.turned up
C.turned out
D.turned off
The main idea of paragraph 2 is______.
A. colors may have effect on our work and study
B. colors do have effect on our moods (情绪)
C. light and bright colors make people happy
D. factory workers can work better in a bright room
Which of the following statements about the IAS 2 requirements in this area are correct?
1 Finished goods inventories may be valued on the basis of labour and materials cost only, without including overheads.
2 Carriage inwards, but not carriage outwards, should be included in overheads when valuing inventories of finished goods.
3 Factory management costs should be included in fixed overheads allocated to inventories of finished goods.
A All three statements are correct
B 1 and 2 only
C 1 and 3 only
D 2 and 3 only
A.three
B.third
C.the three
D.the third
(ii) Can we entertain our clients as a gesture of goodwill or is corporate hospitality ruled out? (3 marks)
Required:
For EACH of the three FAQs, explain the threats to objectivity that may arise and the safeguards that should
be available to manage them to an acceptable level.
NOTE: The mark allocation is shown against each of the three questions.
Now in this industrialized world people are inclined to choose material possessions. This is true of doctors, too. The high income of doctors is the envy of other people. Many high school graduates are eager to get into medical colleges, and countless girls consider doctors to be their best choice of husbands. For many years the public has charged that doctors in public hospitals demand money from patients. The amount of money the patients give determines the kind of treatment they receive. It has also been said that drug companies have to pay the doctors so that the latter will use their products.
Recently a large medicine factory set up by the U.S. Investors declared that it will stop giving "kickbacks" to doctors as the factory bas spent too much to promote sales over the years. This declaration has caused quite a stir in our society. We wonder what the officials who have denied the dealings mentioned above will say about this.
According to the passage why did the doctors in Taiwan deserve our highest admiration in former times? ______.
A.Because they were a group of qualified doctors
B.Because they ranked first in wealth
C.Because they were able to cure the sick of poverty
D.Because they were the doctors with medical morals as well as medical skill
2 The risk committee at Southern Continents Company (SCC) met to discuss a report by its risk manager, Stephanie
Field. The report focused on a number of risks that applied to a chemicals factory recently acquired by SCC in another
country, Southland. She explained that the new risks related to the security of the factory in Southland in respect of
burglary, to the supply of one of the key raw materials that experienced fluctuations in world supply and also an
environmental risk. The environmental risk, Stephanie explained, was to do with the possibility of poisonous
emissions from the Southland factory.
The SCC chief executive, Choo Wang, who chaired the risk committee, said that the Southland factory was important
to him for two reasons. First, he said it was strategically important to the company. Second, it was important because
his own bonuses depended upon it. He said that because he had personally negotiated the purchase of the Southland
factory, the remunerations committee had included a performance bonus on his salary based on the success of the
Southland investment. He told Stephanie that a performance-related bonus was payable when and if the factory
achieved a certain level of output that Choo considered to be ambitious. ‘I don’t get any bonus at all until we reach
a high level of output from the factory,’ he said. ‘So I don’t care what the risks are, we will have to manage them.’
Stephanie explained that one of her main concerns arose because the employees at the factory in Southland were not
aware of the importance of risk management to SCC. She said that the former owner of the factory paid less attention
to risk issues and so the staff were not as aware of risk as Stephanie would like them to be. ‘I would like to get risk
awareness embedded in the culture at the Southland factory,’ she said.
Choo Wang said that he knew from Stephanie’s report what the risks were, but that he wanted somebody to explain
to him what strategies SCC could use to manage the risks.
Required:
(a) Describe four strategies that can be used to manage risk and identify, with reasons, an appropriate strategy
for each of the three risks mentioned in the case. (12 marks)
HENRY: Good afternoon! Lucy, I am telling you something urgent. We have found several cases of golden staph infected in our patients. They were caused by your products.
LUCY: Are you sure? Our bandages are very safe.{A; B; C; D; E}.
HENRY: I know that. But only patients who have used your bandages are infected.
LUCY: All of our products were made with the utmost care.{A; B; C; D; E}. And why didn’t you put the bandages into the sterilizer before you used them?
HENRY: Lucy,{A; B; C; D; E}. I’ve already asked the hospital to do a re-examination of your supplies right now.
LUCY: Henry, you’re making things difficult.
HENRY: The safety of our patients is most important,{A; B; C; D; E}.
LUCY: But I have already posted your recent order. They are now on the way.
HENRY: Sorry, Lucy. As soon as they arrive,{A; B; C; D; E}.
A. May be they were polluted in your hospital.
B. so I will stop all orders with your company.
C. This is the first time we’ve received a complaint of this nature.
D. they will be returned to your factory immediately.
E. it’s your job to do that, not ours.
recent meeting of the board of directors that: ‘our loss of market share during the last three years might lead to the
end of JOL Co as an organisation and therefore we must address this issue immediately’.
Required:
(b) Discuss the statement of the managing director of JOL Co and discuss six performance indicators, other than
decreasing market share, which might indicate that JOL Co might fail as a corporate entity. (10 marks)