The term “company” has a special meaning when applied to business. A company is usually an enterprise that has limited liability. Companies with the word “Limited” or the abbreviation (缩写) “Ltd” after their name are defined as a company. Also, if you form. a limited liability partnership, or open a franchise (特许经营权), these are usually defined as companies as well. If you are not sure of the legal status of your business, you can contact a business solicitor for legal advice.Within a company a board of directors, partners or chief executive will usually make the day-to-day decisions for their business. Most of the decisions the chief executive makes do not need to be ratified (批准), but more far reaching decisions will usually need the backing of the company’s board of directors with a majority vote.A company can also have shareholders. How many shares an individual or investment group holds will determine how much say they have about the running1According to Paragraph 2, within a company, who usually has the final say on the most important decisions？A、Its business solicitor.B、Its board of directors.C、Its business partners.D、Its chief executive.2What determines how much say an individual has in a company’s decision-making？A、The importance of the decision.B、The state of the company’s businessC、The number of shares the person has in the company.D、The company’s Annual General Meeting.3How do business partners know whether they have the decision-making powers within a company？A、Through the challenges their decisions meet.B、Through checking with other partner companies.C、Through consulting with a business solicitor.D、Through the items of their partnership agreement.4In writing this passage, the writer seems to be addressing ____________.A、people who are laymen in business mattersB、people with much business experienceC、people who are going to start a companyD、people with power in business management5What is the passage mainly about？A、The way a company makes decisions.B、The style. a company does business.C、Development process of a company.D、Organizational structure of a company.

A．Listed company

B．Public company

C．Private company

D．Unlimited company

(b) Explain the meaning of the term ‘Efficient Market Hypothesis’ and discuss the implications for a company if

the stock market on which it is listed has been found to be semi-strong form. efficient. (9 marks)

A.start

B.terminate

C.state

D.term

A、Annual income

B、operation profit

C、return on sales

D、net profit

A.An item such as a money order, traveler's check, or check from a customer.

B.An account receivable from a reliable customer who has always paid bills within the discount perio

C.A guaranteed line of credit at the company's bank.

D.Very liquid short-term investments such as U.S. Treasury bills and commercial paper.

s and have two children

aged six and eight years. Charles is a teacher but for the last five years he has stayed at home to look after their

children. Jane works as a translator for Speak Write Ltd.

Speak Write Ltd was formed and began trading on 6 April 2006. It provides translation services to universities. Jane,

who ceased employment with Barnham University to found the company, owns 100% of its ordinary share capital

and is its only employee.

Speak Write Ltd has translated documents for four different universities since it began trading. Its biggest client is

Barnham University which represents 70% of the company’s gross income. It is estimated that the company’s gross

fee income for its first 12 months of trading will be ￡110,000. Speak Write Ltd usually agrees fixed fees in advance

with its clients although it charges for some projects by reference to the number of days taken to do the work. None

of the universities makes any payment to Speak Write Ltd in respect of Jane being on holiday or sick.

All of the universities insist that Jane does the work herself. Jane carries out the work for three of the universities in

her office at home using a computer and specialised software owned by Speak Write Ltd. The work she does for

Barnham University is done in the university’s library on one of its computers as the documents concerned are too

delicate to move.

The first set of accounts for Speak Write Ltd will be drawn up for the year ending 5 April 2007. It is estimated that

the company’s tax adjusted trading profit for this period will be ￡52,500. This figure is after deducting Jane’s salary

of ￡4,000 per month and the related national insurance contributions but before any adjustments required by the

application of the personal service companies (IR 35) legislation. The company has no other sources of income or

capital gains.

Jane has not entered into any communication with HM Revenue and Customs (HMRC) with respect to the company

and wants to know:

– When the corporation tax computation should be submitted and when the tax is due.

– When the corporation tax computation can be regarded as having been agreed by HMRC.

Charles and Jane have requested a meeting to discuss the family’s finances. In particular, they wish to consider the

shortfall in the family’s annual income and any other related issues if Jane were to die. Their mortgage is covered

by a term assurance policy but neither of them have made any pension contributions or carried out any other long

term financial planning.

Jane has estimated that her annual after tax income from Speak Write Ltd, on the assumption that she extracts all of

the company’s profits, will be ￡58,000. Charles owns two investment properties that together generate after tax

income of ￡8,500. He estimates that he could earn ￡28,000 after tax if he were to return to work.

The couple’s annual surplus income, after payment of all household expenditure including mortgage payments of

￡900 per month, is ￡21,000. Charles and Jane have no other sources of income.

Required:

(a) Write a letter to Jane setting out:

(i) the arguments that HMRC could put forward, based only on the facts set out above, in support of

applying the IR 35 legislation to Speak Write Ltd; and

(ii) the additional income tax and national insurance contributions that would be payable, together with

their due date of payment, if HMRC applied the IR 35 legislation to all of the company’s income in

2006/07. (11 marks)

hanical components． By itself, a computer has no（）and is referred to as hardware, which means simply the physical equipment． The hardware can&39;t be used until it is connected to other elements, all of which constitute the six parts of a computer-based information system, hardware, software, data/information, people, procedures and communications． A system is defined as a collection of related components that（）to perform a task in order to accomplish a goal． Any organization that uses information technology will have a computer-based information system to provide managers (and various categories of employees) with the appropriate kind of information to help them make decisions． Systems analysis and design is to ascertain how a system works and then take steps to make it （）Often, a system approach is used to define, describe, and solve a problem or to meet a(an)（） From time to time, organizations need to（）their information systems, in, response to new marketing&39; opportunities, modified government regulations, the introduction ．of new technology, merger with another company, or other developments． When change is needed, the time is ripe for applying the principles of systems analysis and design．

A.information B.software C.intelligence D.dataA.interact B.work C.connect D.changeA.improved B.better C.good D.bestA.decision B.need C.standard D.objectiveA.modify B.replace C.changeD.transfer

Corporate culture is a wide term used to define the unique personality __3__or character of a particular company or organization

The term ()the technology transfer agreement is signed by Joint Company and Party B and it shall be approved by the approval authority.

A、upon

B、concerning

C、for

D、with