(d) The management of Wonderland plc have become concerned about the increased level of operating costsassociated with its petrol-driven ferries and have made a strategic decision to dispose of these. They are nowconsidering entering into a contract with the Newman Steamship Company (NSC), a shipping organisation basedin Robynland. The contract would entail NSC providing transport to and from Cinola Island for all visitors to thezoo and circus.As a result of negotiations with NSC, the directors of Wonderland plc are considering two options whereby NSCwill become responsible for the transportation of visitors to and from Cinola Island with effect from 1 December2007 or 1 December 2008.Additional information is available as follows:(1) NSC would require Wonderland plc to pay for the necessary modifications to their steamships in order thatthey would satisfy marine regulations with regard to passenger transportation. The only firm which couldundertake this work is currently working to full capacity and would require a payment of ￡2,450,000 inorder to undertake the work necessary so that the ferries could be in operation by 1 December 2007. Thesame firm would require a payment of ￡1,725,000 in order to make the necessary modifications so thatthe ferries could be in operation by 1 December 2008. The government of Robynland would be willing topay a grant of 8% towards the cost of getting the ferries into operation by 1 December 2007, but would notbe willing to pay a grant in respect of any later date.(2) On 1 December 2002 Wonderland plc paid ￡500,000 to the Port Licencing Authority of Robynland. Thispayment was for a licence which entitles Wonderland plc to use all harbour facilities in Robynland duringthe five-year period ending 30 November 2007. The licence could be renewed on 1 December 2007 at acost of ￡150,000 per annum.(3) Redundancy payments would need to be paid in respect of loss of employment. These would amount to￡1,200,000 if the contract with NSC commenced on 1 December 2007. This amount would reduce to￡750,000 if the contract commenced on 1 December 2008.(4) Wonderland plc has a contract for the provision of petrol for its ferries which is due to expire on 30 November2008. Early termination of the contract would incur a penalty charge of ￡76,000. An emergency reservestock of petrol held by Wonderland plc, which cannot be used after 30 November 2007 due to marineregulations regarding the age of fuel, could be sold for ￡55,000 on 1 December 2007 but not on any datethereafter.(5) The ferries could be sold for ￡3,300,000 on 1 December 2007. If retained after 1 December 2007 theferries would require servicing during the year ending 30 November 2008 which would incur costsamounting to ￡150,000. The resale value of the ferries on 1 December 2008 would be ￡2,900,000.(6) Stock of consumable items which originally cost ￡150,000 could be sold on 1 December 2007 for￡110,000 and on 1 December 2008 for ￡50,000.Required:(i) On purely financial grounds, advise whether the management of Wonderland plc should enter into acontract with NSC with effect from 1 December 2007 or 1 December 2008. You may ignore the timevalue of money. (9 marks)
(d) The management of Wonderland plc have become concerned about the increased level of operating costs
associated with its petrol-driven ferries and have made a strategic decision to dispose of these. They are now
considering entering into a contract with the Newman Steamship Company (NSC), a shipping organisation based
in Robynland. The contract would entail NSC providing transport to and from Cinola Island for all visitors to the
zoo and circus.
As a result of negotiations with NSC, the directors of Wonderland plc are considering two options whereby NSC
will become responsible for the transportation of visitors to and from Cinola Island with effect from 1 December
2007 or 1 December 2008.
Additional information is available as follows:
(1) NSC would require Wonderland plc to pay for the necessary modifications to their steamships in order that
they would satisfy marine regulations with regard to passenger transportation. The only firm which could
undertake this work is currently working to full capacity and would require a payment of ￡2,450,000 in
order to undertake the work necessary so that the ferries could be in operation by 1 December 2007. The
same firm would require a payment of ￡1,725,000 in order to make the necessary modifications so that
the ferries could be in operation by 1 December 2008. The government of Robynland would be willing to
pay a grant of 8% towards the cost of getting the ferries into operation by 1 December 2007, but would not
be willing to pay a grant in respect of any later date.
(2) On 1 December 2002 Wonderland plc paid ￡500,000 to the Port Licencing Authority of Robynland. This
payment was for a licence which entitles Wonderland plc to use all harbour facilities in Robynland during
the five-year period ending 30 November 2007. The licence could be renewed on 1 December 2007 at a
cost of ￡150,000 per annum.
(3) Redundancy payments would need to be paid in respect of loss of employment. These would amount to
￡1,200,000 if the contract with NSC commenced on 1 December 2007. This amount would reduce to
￡750,000 if the contract commenced on 1 December 2008.
(4) Wonderland plc has a contract for the provision of petrol for its ferries which is due to expire on 30 November
2008. Early termination of the contract would incur a penalty charge of ￡76,000. An emergency reserve
stock of petrol held by Wonderland plc, which cannot be used after 30 November 2007 due to marine
regulations regarding the age of fuel, could be sold for ￡55,000 on 1 December 2007 but not on any date
thereafter.
(5) The ferries could be sold for ￡3,300,000 on 1 December 2007. If retained after 1 December 2007 the
ferries would require servicing during the year ending 30 November 2008 which would incur costs
amounting to ￡150,000. The resale value of the ferries on 1 December 2008 would be ￡2,900,000.
(6) Stock of consumable items which originally cost ￡150,000 could be sold on 1 December 2007 for
￡110,000 and on 1 December 2008 for ￡50,000.
Required:
(i) On purely financial grounds, advise whether the management of Wonderland plc should enter into a
contract with NSC with effect from 1 December 2007 or 1 December 2008. You may ignore the time
value of money. (9 marks)
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Without ______ to the foregoing，every such servant，agent and subcontractor shall have the benefit of all provisions contained herein benefiting the carrier as if such provisions were expressly for their benefit； and in entering into this contract，the carrier，to the extent of those provisions does so not only on its own behalf，but also as agent and trustee for such servants，agents and sub-contractors.A.damageB.injuryC.breakD.prejudice
Have you ever called Mr. Smith and told him about the contract?A:consulted B:visitedC:contacted D:phoned
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共用题干The Worker 's Role in ManagementTraditionally,it has been the workers'role to work and management's role to manage.Managers have planned and directed the firm's operations with little thought of consulting the labor force.Managers have rarely felt compelled（被迫的）to obtain the workers ' opinions or to explain their decisions to their employees.At most,companies have provided"suggestion boxes"in which workers could place ideas for improving procedures.In recent years,however,many management specialists have been arguing that workers are more than sellers of labor-they have a vital stake in the company and may be able to make significant contributions to its management.Furthermore,major company decisions profoundly affect workers and their dependents.This isparticularly true of plant closings,which may put thousands on the unemployment lines.Should workers, then,play a stronger role in management?Workers should have a role in management.At the very least,the labor force should be informed of major policy decisions(A common complaint among rank-and-file workers is the lack of information about company policies and actions).Between 1980 and 1985 about five million workers were the victims of plant closings and permanent layoffs（失业）,often with no warning.At least 90 days'notice ought to be given in such instances so that workers have time to adjust.Management should consult workers before closing a plant,because the workers might be able to suggest ways of improving productivity and reducing costs and might be willing to make concessions that will help keep the plant operating.It should become a general practice to include workers in some managerial decision making.There ought to be representatives of the workers on the firm's board of directors or other major policymaking groups.If rank-and-file workers are given a voice in the planning and management of the work flow,they will help to make improvements,their morale will rise,and their productivity will increase.As a further incentive,they must be given a share in the company's profits.This can be done through employee stock-ownership plans,bonuses,or rewards for efficiency and productivity.Finally,when a plant can no longer operate at a profit,the workers should be given the opportunity to purchase the plant and run it themselves.It can be inferred from Paragraph 1 that managers______.A:seldom obtained workers'opinionsB:were not qualifiedC:disliked"suggestion boxes"D:never consulted the labor force
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共用题干The Worker 's Role in ManagementTraditionally,it has been the workers'role to work and management's role to manage.Managers have planned and directed the firm's operations with little thought of consulting the labor force.Managers have rarely felt compelled（被迫的）to obtain the workers ' opinions or to explain their decisions to their employees.At most,companies have provided"suggestion boxes"in which workers could place ideas for improving procedures.In recent years,however,many management specialists have been arguing that workers are more than sellers of labor-they have a vital stake in the company and may be able to make significant contributions to its management.Furthermore,major company decisions profoundly affect workers and their dependents.This isparticularly true of plant closings,which may put thousands on the unemployment lines.Should workers, then,play a stronger role in management?Workers should have a role in management.At the very least,the labor force should be informed of major policy decisions(A common complaint among rank-and-file workers is the lack of information about company policies and actions).Between 1980 and 1985 about five million workers were the victims of plant closings and permanent layoffs（失业）,often with no warning.At least 90 days'notice ought to be given in such instances so that workers have time to adjust.Management should consult workers before closing a plant,because the workers might be able to suggest ways of improving productivity and reducing costs and might be willing to make concessions that will help keep the plant operating.It should become a general practice to include workers in some managerial decision making.There ought to be representatives of the workers on the firm's board of directors or other major policymaking groups.If rank-and-file workers are given a voice in the planning and management of the work flow,they will help to make improvements,their morale will rise,and their productivity will increase.As a further incentive,they must be given a share in the company's profits.This can be done through employee stock-ownership plans,bonuses,or rewards for efficiency and productivity.Finally,when a plant can no longer operate at a profit,the workers should be given the opportunity to purchase the plant and run it themselves.The word"rank-and-file" in Paragraph 2 is closest in meaning to______.A:seniorB:ordinaryC:intelligentD:capable
Supply chain management consists of firms collaborating to leverage strategic positioning and to improve operating efficiency.
You perform differential incremental level 1 backups of your database on each working day and level 0 backupon Sundays， to tape. Which two statements are true about differential incremental backups（）A、The backup performed on Sundays contains all the blocks that have ever been used in the database.B、The backup performed on Sundays contains all the blocks that have changed since the last level 1 backup.C、The backup performed on each working day contains all the blocks that have changed since the last level 0 backup.D、The backup performed on Monday contains all the blocks that have changed since the level 0 backup， and every other working day contains all the blocks that have changed since the level 1 backup
单选题Which of the listed operating conditions would have the greatest effect on the volumetric efficiency of an operating reciprocating air compressor?（）AThe density of the air entering the compressorBThe temperature of the air entering the compressorCThe designed rotating speed of the compressorDA leaking head gasket
单选题Now I’d like you to spend five minutes talking about the topic: What ______ you do if you ______ President?Awill; became Bwould; becameCwould; have become Dwill; have become
单选题The proposal _____, we’ll have to make another decision about when to start the project.AacceptedBacceptingCto acceptDbe accepted
问答题Practice 6 Discussion—about 5 minutes In this part of the test you are given a discussion topic. You have 30 seconds to look at the prompt card, an example of which is below, and then about 3 minutes to discuss the topic with your partner. After that the examiner will ask you more questions related to the topic. Time Management Your company has found that ineffective time management is one of the major problem areas throughout the workforce. You have been asked to put forward some suggestions for improving the situation. Discuss, and decide together: ● Why poor time management can become a major problem in companies ● What procedures could be adopted to ensure that time is managed effectively.
单选题Now I’d like you to spend five minutes talking about the topic: What _____ you do if you _____ President?Awill; becameBwould; becameCwould; have becomeDwill; have become
单选题Which of the following statements is true?AScientists have solved the mystery about the fish killer.BMore studies need to be made about the fish killer.CIt is proved that the algae are reducing fish populations.DHumans have already been affected by the toxin.
多选题You perform differential incremental level 1 backups of your database on each working day and level 0 backupon Sundays， to tape. Which two statements are true about differential incremental backups（）AThe backup performed on Sundays contains all the blocks that have ever been used in the database.BThe backup performed on Sundays contains all the blocks that have changed since the last level 1 backup.CThe backup performed on each working day contains all the blocks that have changed since the last level 0 backup.DThe backup performed on Monday contains all the blocks that have changed since the level 0 backup， and every other working day contains all the blocks that have changed since the level 1 backup
单选题Strenuous efforts have been made to _____ government expenses to a desirable level.Acut downBcut shortCcut outDcut off