18 How should interest charged on partners’ drawings appear in partnership financial state

Changing technology and markets have stimulated the team approach tomanagement. Inflation, resource scarcity, reduced personnel levels and budgetcuts have all underscore the need for better coordination in organizations.Team management provides for this coordination. Team management calls for newskills if personnel potential is to be fully realized. Although a team may be composed ofknowledgeable people, they must learn new ways of relating and working togetherto solve cross-functional problems. When teams consist to be experiencedemployees from hierarchical organizations, who have been condition totraditional organizational culture. Cooperation may not occur naturally, itmainly to be created. Furthermore, the issue is not just how the team canfunction more effectively, but how it integrates with the overall organization,all society that it supposes it serves. A group of individuals is notautomatically a team. Therefore, team building may be necessary in order toimprove the group’s performance. Casey, an expert in this field, suggests thatthe cooperation process within teams must be organized, promoted and managed.He believes the team corporation results when members go beyond theirindividual capabilities, beyond what each is used to being and doing. Together,the team may then produce something new, unique and superior to that of any onemember. For this to happen, he suggests the multi-cultural managers exhibitunderstanding of their own and others’ cultural influences and limitations.They should also cultivate such skills as toleration of ambiguity, persistenceand patience, as well as assertedness. If a team manager exemplifies suchqualities, then the team as a whole would be better able to realize theirpotential and achieve their objectives.

Q 16: What should teammembers do to fully realize their potential？

Q 17: What needs to beconsidered for effective team management？

Q 18: What conclusion can wedraw from what Casey says？

Children should be taught how to get along with ______.

A．another

B．other

C．others

D．any other

—How about ______ Christmas evening party？

—I should say it was ______ success.

A) a, a B) the, a C) a, / D) the, /

A.whether

B.if

C.how

D.that

(iii) How items not dealt with by an IFRS for SMEs should be treated. (5 marks)

(Promotions)

To:samngelaf@asiaroal.com.hk(Marketing)

Cc: whsteven@asiaroal.com.hk(General Manager)

Subject: invitations

Attachments: format of invitation

Date: Auust 16th,2003

Dear Sir: I’m writing to remind you that invitations, which should be modeled after the attached format, must be sent out by this Friday at the latest for the Exhibition taking place between September 15th—17th.

Please tell the guests that they are welcome anytime between 9:00 a.m.and 6:00 p.m.on these days, but do not forget to mention that the Exhibition is “invitation only”.With best regards.

Pamelah

Director of the Promotions Office Exercises.

1.The e-mail is from ________ to ________.

A.Pamelah/Gelaf

B.Gelaf/Pamelah

C.Steven/Gelaf

D.Steven/Pamelah

2.The e-mail message serves as a ________.

A.reminder

B.warning

C.suggestion

D.contract

3.One can guess that in the attachment there is a(n) ________.

A.instruction of how to invite guests

B.suggestion for inviting guests

C.sample of the invitation

D.contract between the marketing office and promotions office

4.It is ideal that all invitations reach the guests before ________.

A.August 16th

B.September 18th

C.September 15th

D.this Friday

5.Guests can ________.

A.visit the Exhibition anytime between September 15th—17th

B.visit the Exhibition anytime from 9:00 to 18:00 on September 15th-17th

C.visit the Exhibition anytime on Friday

D.buy products at the Exhibition