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Jane said she would rather__________when she was working on the project. A. no
Jane said she would rather __________when she was working on the project.
A. not to be disturbed
B. not being disturbed
C. not be disturbed
D. not been disturbed
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Jane said she would rather __________when she was working on the project.
A. not to be disturbed
B. not being disturbed
C. not be disturbed
D. not been disturbed
A.had said
B.said
C.might say
D.might have said
When John realised the potential impact of Risk 3 materialising, he issued urgent advice to the board to withdraw from the activity that gave rise to Risk 3 being incurred. In the advice he said that the impact of Risk 3 was potentially enormous and it would be irresponsible for H&Z to continue to bear that risk.
The company commercial director, Jane Xylene, said that John Pentanol and his job at H&Z were unnecessary and that risk management was ‘very expensive for the benefits achieved’. She said that all risk managers do is to tell people what can’t be done and that they are pessimists by nature. She said she wanted to see entrepreneurial risk takers in H&Z and not risk managers who, she believed, tended to discourage enterprise.
John replied that it was his job to eliminate all of the highest risks at H&Z Company. He said that all risk was bad and needed to be eliminated if possible. If it couldn’t be eliminated, he said that it should be minimised.
(a) The risk manager has an important role to play in an organisation’s risk management.
Required:
(i) Describe the roles of a risk manager. (4 marks)
(ii) Assess John Pentanol’s understanding of his role. (4 marks)
(b) With reference to a risk assessment framework as appropriate, criticise John’s advice that H&Z should
withdraw from the activity that incurs Risk 3. (6 marks)
(c) Jane Xylene expressed a particular view about the value of risk management in H&Z Company. She also said that she wanted to see ‘entrepreneurial risk takers’.
Required:
(i) Define ‘entrepreneurial risk’ and explain why it is important to accept entrepreneurial risk in business
organisations; (4 marks)
(ii) Critically evaluate Jane Xylene’s view of risk management. (7 marks)
In my family it was always important to place blame when anything bad happened. But the Whites didn't worry about who had done what. Mr. and Mrs. White had six children: three sons and three daughters.
In July, the White sisters and I decided to take a car trip to New York. The two oldest, Sarah and Jane, were college students, and the youngest, Amy had recently got a driver' s license, and was excited about practicing her driving on the trip.
The big sisters let Amy take over. She came to an intersection with a stop sign, but Amy continued without stopping. The driver of a large truck, crashed into our car.
Jane was killed instantly.
When Mr. and Mrs. White arrived at the hospital, they hugged us all.
To both of their daughters, and especially to Amy, over and over they simply said, "We' re so glad that you're alive."
I was astonished. No blame.
Later, I asked the Whites why they never talked about the fact that Amy was driving and had run a stop sign.
Mrs. White said, "Jane's gone, and nothing we say or do will bring her back. But Amy has her whole life ahead of her. How can she lead a full and happy life if she feels we blame her for her sister' s death?"
They were right. Amy graduated from college and got married several years ago, She works as a teacher of learning-disabled students. She' s also a mother of two little girls of her own, the oldest named Jane.
The writer of the article is ______ .
A.Mrs. White's niece
B.the Whites' cousin
C.Sarah' s friend at college
D.Jane' s friend at school
1 The scientists in the research laboratories of Swan Hill Company (SHC, a public listed company) recently made a very
important discovery about the process that manufactured its major product. The scientific director, Dr Sonja Rainbow,
informed the board that the breakthrough was called the ‘sink method’. She explained that the sink method would
enable SHC to produce its major product at a lower unit cost and in much higher volumes than the current process.
It would also produce lower unit environmental emissions and would substantially improve product quality compared
to its current process and indeed compared to all of the other competitors in the industry.
SHC currently has 30% of the global market with its nearest competitor having 25% and the other twelve producers
sharing the remainder. The company, based in the town of Swan Hill, has a paternalistic management approach and
has always valued its relationship with the local community. Its website says that SHC has always sought to maximise
the benefit to the workforce and community in all of its business decisions and feels a great sense of loyalty to the
Swan Hill locality which is where it started in 1900 and has been based ever since.
As the board considered the implications of the discovery of the sink method, chief executive Nelson Cobar asked
whether Sonja Rainbow was certain that SHC was the only company in the industry that had made the discovery and
she said that she was. She also said that she was certain that the competitors were ‘some years’ behind SHC in their
research.
It quickly became clear that the discovery of the sink method was so important and far reaching that it had the
potential to give SHC an unassailable competitive advantage in its industry. Chief executive Nelson Cobar told board
colleagues that they should clearly understand that the discovery had the potential to put all of SHC’s competitors out
of business and make SHC the single global supplier. He said that as the board considered the options, members
should bear in mind the seriousness of the implications upon the rest of the industry.
Mr Cobar said there were two strategic options. Option one was to press ahead with the huge investment of new plant
necessary to introduce the sink method into the factory whilst, as far as possible, keeping the nature of the sink
technology secret from competitors (the ‘secrecy option’). A patent disclosing the nature of the technology would not
be filed so as to keep the technology secret within SHC. Option two was to file a patent and then offer the use of the
discovery to competitors under a licensing arrangement where SHC would receive substantial royalties for the twentyyear
legal lifetime of the patent (the ‘licensing option’). This would also involve new investment but at a slower pace
in line with competitors. The licence contract would, Mr Cobar explained, include an ‘improvement sharing’
requirement where licensees would be required to inform. SHC of any improvements discovered that made the sink
method more efficient or effective.
The sales director, Edwin Kiama, argued strongly in favour of the secrecy option. He said that the board owed it to
SHC’s shareholders to take the option that would maximise shareholder value. He argued that business strategy was
all about gaining competitive advantage and this was a chance to do exactly that. Accordingly, he argued, the sink
method should not be licensed to competitors and should be pursued as fast as possible. The operations director said
that to gain the full benefits of the sink method with either option would require a complete refitting of the factory and
the largest capital investment that SHC had ever undertaken.
The financial director, Sean Nyngan, advised the board that pressing ahead with investment under the secrecy option
was not without risks. First, he said, he would have to finance the investment, probably initially through debt, and
second, there were risks associated with any large investment. He also informed the board that the licensing option
would, over many years, involve the inflow of ‘massive’ funds in royalty payments from competitors using the SHC’s
patented sink method. By pursuing the licensing option, Sean Nyngan said that they could retain their market
leadership in the short term without incurring risk, whilst increasing their industry dominance in the future through
careful investment of the royalty payments.
The non-executive chairman, Alison Manilla, said that she was looking at the issue from an ethical perspective. She
asked whether SHC had the right, even if it had the ability, to put competitors out of business.
Required:
(a) Assess the secrecy option using Tucker’s model for decision-making. (10 marks)
Mrs. Green, Danny's teacher, was concerned a lot. "I didn't know that Danny was being picked on," she answered. "He's never said anything about this to me!" Mrs. Green looked at Danny. "How long has this been going on?" she asked. Danny could only shake his head and look at the floor, He knew if he said a word about this, he would have trouble after school.
Danny hadn't said anything about the problem because he wanted to do things with the boys in the neighborhood. After all, most of them were nice to him. He hated to leave the gang just because of Rick. Maybe the time had come to find new friends. He felt it hard to make up his mind.
We learn from the reading that ______.
A.Danny was not a good student
B.Danny's mother talked too much about the school
C.Danny's teacher knew something about Danny's problem before
D.Danny wanted to get away from Rick
Before the job interview, I【26】through preparations, including a formal suit, a new ly-done hair, a few【27】on job interviews, and even some ancient Chinese poems【28】I encountered a learned interviewer. On that day everything went off【29】. I answered all the questions fluently. I felt very【30】. Jane was still there waiting for her turn. I made a "V"【31】to her. She smiled at me, looking a little worried. I【32】she was not as eloquent(雄辩的) as, I a week later, all of us received letters of【33】. Another week later, guess what happened! She got the job!【34】congratulating her, I asked her how she got it. She said, "I did【35】, I just wrote them a note of thanks after receiving the letter of refusal." Only then【36】I realize why all the applicants(应有者) has received the same letters and that was also a part of the【37】.
Only a note of thanks, but that was what made all the difference. This experience【38】me a good lesson, that, is【39】excellent you are, you should never forget the【40】manners of saying "thank you".
(41)
A.look through
B.live through
C.go through
D.go on
In January 2009, Amy started a business as an independent website designer.
To give her a start in her career, her brother Ben, who ran a retail business, said he would give her £1,000 if she updated his business website. At the same time, her friend Che asked her to do work for his business, also for a set fee of £1,000.
However, by the time Amy had completed the two projects her design business had become a huge success and she had lots of other clients. When Ben and Che discovered how successful Amy’s business had become they both felt that they should not be asked to pay for the work they had commissioned.
Ben said he would not pay anything as he had only offered the work to help his sister out. Che said he would not pay anything either, on the basis that he had only given her work to do on the basis of their friendship.
Required:
Advise Amy as to whether she can insist on Ben and Che paying the full amounts of their initial promises.
A.as
B.while
C.if
D.since
James then asked the woman to consider a poor black mother on welfare. She already has four children and an alcoholic husband who has all but abandoned the family. Now she discovers another child is on the way. "How would you counsel that woman?" asked James.
"Have an abortion," the woman responded. "That child would have a very poor quality of life."
"I have a vested interest in your answer," James said. "The woman I described was my mother. I was the fifth of six children born into poverty. And, in case you're interested, the quality of my life is just fine!"
Kay James ______.
A.is not a black
B.is a poor black mother
C.has five brothers and sisters
D.has a hard life
All the housewives who went to the new supermarket had one great ambition (strong wish) :to be the lucky customer(顾客) who did not have to pay for shopping. For this was what the notice just inside the entrance promised. It said: "Remember, once a week, one of our customers gets free goods. This may be your lucky day!"
For several weeks, Mrs. Edward's hoped, like many of her friends, to be the lucky customer. Un like her friends, she never gave up hope. The cupboards in her kitchen were full of things which she did not need. It's no use her husband trying to persuade her. She dreamed of the day when the manager of the supermarket would come to her and said: "Madam, this is your lucky day. Everything in your basket is free."
One Friday morning, after she had finished her shopping and had taken it to her car, she found that she had forgotten to buy any tea. She dashed back to the supermarket, got the tea and went to ward the cashdesk. As she did so, saw the manager approach her. "Madam," he said, holding out his hand, "I want to congratulate you! You are our lucky customer and everything you have in your basket is free."
The housewives who went to the supermarket were ______.
A.poor
B.hopeful
C.fortunate
D.hopeless