1 The Geeland Bus Company (GBC) is a partly government-funded organisation which provides transport services to
the population of Geeland, a country which is divided into four regions i.e. Northern, Eastern, Southern and Western.
The Western region differs from the Northern, Eastern and Southern regions in that it is a rural area with a low
population.
The Terrific Transport Company (TTC) is a privately owned organisation which also provides transport services to the
population of Geeland. All TTC buses are luxuriously fitted; each passenger has their own television and all buses
have on-board catering facilities which serve a variety of drinks and snacks. The costs of these luxuries are included
in fares charged by TTC.
Both GBC and TTC operate from premises in the Northern region. GBC operates a bus service to and from the Eastern,
Southern and Western regions as well as a ‘Hopper’ service which takes passengers around all regions, other than
the Western region, within Geeland. TTC also operates a bus service to and from the Eastern and Southern regions of
Geeland as well as a Hopper service. TTC does not operate a service to and from the Western region.
The following information is available:
(1) A summary of the financial performance of GBC and TTC for the years ended 30 November 2006 and 2007 is
as follows:
(12) At a meeting of the board of directors held during 2007, the managing director of GBC stated that: ‘on no account
shall we discontinue the operation of our Western route’.
Required:
(a) Prepare a report on the operating performance and financial performance of GBC and TTC for the years
ended 30 November 2006 and 2007. As part of your report, you should include an appendix showing
detailed workings of how each of the six figures marked with an asterisk (*) in note 1 has been calculated.
(23 marks)
Note: 6 marks are available in respect of the six figures marked with an asterisk (*). 17 marks are available
for other calculations and discussion, including 4 professional marks.
第1题
To remain fully compliant with the Effland corporate governance code, the board established audit, remuneration and nomination committees which were solely populated by independent non-executive directors. However, it did not consider it necessary to create a separate risk committee because the board believed that the remit of the audit committee included all aspects of risk management policy. This explanation was formally submitted to the shareholders at its first general meeting, who agreed with the board’s proposal.
As part of its expansion strategy, the board of Branscombe Co decided it needed to enter overseas markets, and in particular the developing country of Geeland. The reason that Geeland was selected as a suitable market was because it had experienced rapid economic growth and domestic prosperity following the discovery of rich, offshore mineral deposits. Unfortunately, this small island nation has never enjoyed stable democratic government and is notorious for corrupt business practices, with customs officials regularly demanding bribes from both importers and exporters. As a result, Geeland has a poor international credit rating. In order to attract both domestic and foreign inward investment, the government of Geeland operates with very low levels of indirect tax, which has stimulated the island’s tourist industry and led in turn to a significant increase in hotel building.
Following a successful tendering exercise, Branscombe Co was awarded the contract to supply all of the bathroom equipment for a 200-room hotel, currently under construction in a remote area of the island. The total value of the supply contract amounted to Geeland $1,800,000, and it was to be paid in three equal instalments as the bathrooms were delivered to the hotel. The contract assigns responsibility for shipping the goods the 3,000 km from Effland to the island solely with Branscombe Co, and no payment will be made until an agreed volume of goods clears Geeland customs. A further problem is that the Geeland dollar is quite volatile, but recently it has been strengthening against the Effland dollar. As all contract payments are to be made in Geeland currency, Branscombe Co is exposed to foreign exchange risks.
The many contract-related issues amount to significant risks to Branscombe Co requiring effective management if the supply contract is to be a success and contribute to the company’s ambitious growth targets.
Required:
(a) Explain the function and roles of a risk committee within an effective corporate governance framework, and discuss the advantages which a risk committee could add to the governance of Branscombe Co. (10 marks)
(b) Explain the term risk appetite, and assess how the risk appetite of Branscombe Co has influenced both its corporate strategy and the risks it has chosen to bear. (7 marks)
(c) Explain how Branscombe Co could effectively control the strategic and operational risks which arise from the Geeland supply contract. (8 marks)
第2题
Hurry up! There _____.
A.comes the bus
B.the bus comes
C.is coming the bus
D.the bus is coming
第3题
Bus Co is a large bus operator, operating long-distance bus services across the country. There are two other national operators in the country. Bus Co’s mission is to ‘be the market leader in long-distance transport providing a greener, cleaner service for passengers nationwide’. Last month, an independent survey of 40,000 passengers was carried out, the results of which are shown in the table below:
Table: Bus passenger satisfaction % by national operator
* denotes that the percentage has not yet been calculated.
The ‘overall satisfaction’ percentages, which have not yet been inserted into the table, are calculated using a weighted average which reflects the importance customers place on each of the other three criteria above. The weightings used are as follows:
The managing director (MD) of Bus Co has said: ‘Independent research has shown that our customers are the most satisfied of any national bus operator. We are now leading the way on what matters most to customers – value for money and punctuality.’
Required:
(a) Calculate the ‘overall satisfaction’ percentage for each operator. (2 marks)
(b) Taking into account all the data in the table and your calculations from part (a), discuss whether the managing director’s statement is true. (4 marks)
(c) When measuring performance using a ‘value for money’ approach, the criteria of economy, efficiency and effectiveness can be used.
Required:
Briefly define ‘efficiency’ and ‘effectiveness’ and suggest one performance measure for EACH, which would help Bus Co assess the efficiency and effectiveness of the service it provides. (4 marks)
第5题
A.DC BUS 1, DC BUS 2,BATEERY
B.DC BUS 1, DC BUS 2,DC ESS BUS
C.DC BUS 1,BATEERY
D.DC BUS 1, DC BUS 2
第7题
A.AC BUS 1或AC BUS 2或应急发电机或静变流机
B. AC BUS 1或AC BUS 2
C. AC BUS 1或应急发电机
D. AC BUS 2或静变流机
为了保护您的账号安全,请在“上学吧”公众号进行验证,点击“官网服务”-“账号验证”后输入验证码“”完成验证,验证成功后方可继续查看答案!