Discuss five ways that the lead times within a supply chain can be reduced

(b) Discuss ways in which the traditional budgeting process may be seen as a barrier to the achievement of the

aims of EACH of the following models for the implementation of strategic change:

(i) benchmarking;

(ii) balanced scorecard; and

(iii) activity-based models. (12 marks)

What aspect of Navajo textiles does the professor mainly discuss？

A．How they are used by the Navajo people today.

B．The transformations in style. over different periods.

C．The ways in which they differ from Pueblo textiles.

D．How they were affected by the Pueblo people.

听力原文： Today we're going to talk about shyness and discuss recent research on ways to help children learn to get along with others socially.

Many people consider themselves shy. In fact, forty percent of people who took part in our survey said they were shy--that's two out of every five people. And there are studies to indicate that the tendency toward shyness may be inherited. But certain timid children doesn't mean that they are bound to be shy forever. There is something parents, teachers, and the children themselves can do to overcome this tendency--and even to prevent it.

Our researchers found that if parents gently push their shy children to try new things, they can help these children become less afraid and less inhibited. Another way to help shy children is to train them in social skills. For example, there are special training programs where children are taught things like looking at other children while talking to them, talking about others' interests, and even smiling.

These groups have been very successful in giving shy children a place to feel safe and accepted, and building up their self-esteem.

(33)

A．Showing children how to behave.

B．Helping children overcome shyness.

C．Several causes of children's shyness.

D．How timid children become shy adults.

A.A.in

B.B.on

C.C.at

D.D.with

is expected to have continuing popularity for many years. The Finance Director has proposed that investment in the new product should be evaluated over a four-year time-horizon, even though sales would continue after the fourth year, on the grounds that cash flows after four years are too uncertain to be included in the evaluation. The variable and fixed costs (both in current price terms) will depend on sales volume, as follows.

The production equipment for the new confectionery line would cost $2 million and an additional initial investment of $750,000 would be needed for working capital. Capital allowances (tax-allowable depreciation) on a 25% reducing balance basis could be claimed on the cost of equipment. Profit tax of 30% per year will be payable one year in arrears. A balancing allowance would be claimed in the fourth year of operation.

The average general level of inflation is expected to be 3% per year and selling price, variable costs, fixed costs and working capital would all experience inflation of this level. BRT Co uses a nominal after-tax cost of capital of 12% to appraise new investment projects.

Required:

(a) Assuming that production only lasts for four years, calculate the net present value of investing in the new product using a nominal terms approach and advise on its financial acceptability (work to the nearest $1,000). (13 marks)

(b) Comment briefly on the proposal to use a four-year time horizon, and calculate and discuss a value that could be placed on after-tax cash flows arising after the fourth year of operation, using a perpetuity approach. Assume, for this part of the question only, that before-tax cash flows and profit tax are constant from year five onwards, and that capital allowances and working capital can be ignored. (5 marks)

(c) Discuss THREE ways of incorporating risk into the investment appraisal process. (7 marks)

et and greatest dramatist. Only one name can possibly suggest itself to him: that of William Shakespeare. Every Englishman has some knowledge, however slight, of the works of our greatest writer. All of us use words, phrases and quotations from Shakespeare's writings that have become part of the common property of English-speaking people. Most of the time we are probably unaware of the source of the words we use, rather like the old lady who was taken to see a performance of HAMLET and complained that "it was full of well-known proverbs and quotations. "

Shakespeare, more perhaps than any other writer, made full use of the great resources of the English language. Most of us use about five thousand words in our normal employment of English; Shakespeare in his works used about twenty-five thousand. There is probably no better way for a foreigner to appreciate the richness and variety of the English language than by studying the various ways in which Shakespeare used it. Such a study is well worth the effort (it is not, of course, recommended to beginners) even though some aspects of English usage, and the meaning of many words, have changed since Shakespeare's day.

English people______.

A．have never discussed who is the world's greatest poet and greatest dramatist

B．never discuss about the world's？ greatest poets or dramatists

C．are sure who is the world's greatest poet and greatest dramatist

D．do not care who is the world's greatest poet and greatest dramatist

A.discuss

B.repeat

C.negotiate

D.respond

So far we (discuss) the first five chapters.

The ______ of this meeting is to discuss ways of protecting the environment.

A．idea

B．function

C．reason

D．purpose