The factory ____ its waste into the river.

The factory tried its best to keep pollution at a minimum. (英译汉)

A.giving out

B.emitting

C.sending

D.spreading

A.results in

B.derives from

C.stems from

D.stands for

A.expressed

B.exported

C.explaine

D.expanded

A.was; was

B.were; is

C.was; are

D.were; are

000 per month. The rental agreement will expire next month, and instead of renewing the agreement, Buford Company is thinking about using the space itself to store materials. The term to describe the $1,000 per month is （）.

A．sunk cost

B．period cost

C．o pportunity cost

D．variable cost

衡量的，哪些是以存量衡量的？如果该厂商不是购买而是租赁了该工厂,你的回答会如何？它的产出是以流量还是存量衡量？它的利润呢？

A firm uses cloth and labor lo produce shirts in a factory that it bought for S 10 million. Which of its factor inputs are measured as flows and which as stocks？ How would your answer change if the firm had leased a factory instead of buying one？ Is its output measured as a flow or a stock？ What about its profit？

2 The risk committee at Southern Continents Company (SCC) met to discuss a report by its risk manager, Stephanie

Field. The report focused on a number of risks that applied to a chemicals factory recently acquired by SCC in another

country, Southland. She explained that the new risks related to the security of the factory in Southland in respect of

burglary, to the supply of one of the key raw materials that experienced fluctuations in world supply and also an

environmental risk. The environmental risk, Stephanie explained, was to do with the possibility of poisonous

emissions from the Southland factory.

The SCC chief executive, Choo Wang, who chaired the risk committee, said that the Southland factory was important

to him for two reasons. First, he said it was strategically important to the company. Second, it was important because

his own bonuses depended upon it. He said that because he had personally negotiated the purchase of the Southland

factory, the remunerations committee had included a performance bonus on his salary based on the success of the

Southland investment. He told Stephanie that a performance-related bonus was payable when and if the factory

achieved a certain level of output that Choo considered to be ambitious. ‘I don’t get any bonus at all until we reach

a high level of output from the factory,’ he said. ‘So I don’t care what the risks are, we will have to manage them.’

Stephanie explained that one of her main concerns arose because the employees at the factory in Southland were not

aware of the importance of risk management to SCC. She said that the former owner of the factory paid less attention

to risk issues and so the staff were not as aware of risk as Stephanie would like them to be. ‘I would like to get risk

awareness embedded in the culture at the Southland factory,’ she said.

Choo Wang said that he knew from Stephanie’s report what the risks were, but that he wanted somebody to explain

to him what strategies SCC could use to manage the risks.

Required:

(a) Describe four strategies that can be used to manage risk and identify, with reasons, an appropriate strategy

for each of the three risks mentioned in the case. (12 marks)

CYCLES MOVE WITH THE TIMES

Times have been hard for the UK cycle industry. Poor weather and competition from abroad have had a serious effect on sales. Manufacturers have had to cut back and last month more than 40 job losses were announced at Cycle World, one of the country's main bicycle factories in Leicester. But the company says it is fighting to win back customers, using such strategies as improved after-sales and bikes built to specific customer requirements.

Two years ago, Cycle World sold off its bike-making machinery in an effort to cut costs and save money. The company's Leicester factory is now only an assembly plant as most of the parts are imported.

The company produces half a million bikes a year across the full Cycle World range, with nearly all of these being sold in the UK. Production is largely done by hand. Workers use the batch production method - everyone making up to 600 bikes of a particular model at any one time.

At the height of its success, Cycle World employed 7,000 people but, like many areas of manufacturing, it has since shrunk. Its 1950s purpose- built factory now employs just 470 permanent workers, with numbers rising to 700 as temporary staff are taken on to meet seasonal demands in sales.

The weather has encouraged more people to buy bikes.

A．Right

B．Wrong

C．Doesn't say