East Company incurs $110,000 of costs to establish technological feasibility of a new

A.$0

B.$1,500

C.$2,500

D.$3,500

E.$5,000

A.India Company of East

B.East India Company

C.Eastern India Company

D.N/A

ea trade, the most famous one is East India Company in India.()

A.India Company of East

B.East India Company

C.Eastern India Company

D.N/A

of the (1)_____ national railway system. In an industry lacking exciting growth (2)_____, its plan to use real-estate assets in and around train stations (3)_____ is drawing interest.

In a plan dubbed "Station Renaissance" that it (4)_____ in November, JR East said that it would (5)_____ using its commercial spaces for shops and restaurants, extending them to (6)_____ more suitable for the information age. It wants train stations as pick-up (7)_____ for such goods, as books, flowers and groceries purchased (8)_____ the Internet. In a country (9)_____ urbanites depend heavily on trains (10)_____ commuting, about 16 million people a day go to its train stations anyway, the company (11)_____. So, picking up purchases at train stations spare (12)_____ extra travel and missed home deliveries.

JR East already has been using its station (13)_____ stores for this purpose, but it plans to create (14)_____ spaces for the delivery of Internet goods.

The company also plans to introduce (15)_____ cards—known in Japan as IC cards because they use integrated (16)_____ for holding information—(17)_____ train tickets and commuter passes (18)_____ the magnetic ones used today, integrating them into a single pass. This will save the company money, because (19)_____ for IC cards are much less expensive than magnetic systems. Increased use of IC cards should also (20)_____ the space needed for ticket vending.

A．privatized

B．individualized

C．personalized

D．characterized

hat his first task was to examine the risks that faced the company. He concluded that the company faced three major risks, which he assessed by examining the impact that would occur if the risk were to materialise. He assessed Risk 1 as being of low potential impact as even if it materialised it would have little effect on the company’s strategy. Risk 2 was assessed as being of medium potential impact whilst a third risk, Risk 3, was assessed as being of very high potential impact.

When John realised the potential impact of Risk 3 materialising, he issued urgent advice to the board to withdraw from the activity that gave rise to Risk 3 being incurred. In the advice he said that the impact of Risk 3 was potentially enormous and it would be irresponsible for H&Z to continue to bear that risk.

The company commercial director, Jane Xylene, said that John Pentanol and his job at H&Z were unnecessary and that risk management was ‘very expensive for the benefits achieved’. She said that all risk managers do is to tell people what can’t be done and that they are pessimists by nature. She said she wanted to see entrepreneurial risk takers in H&Z and not risk managers who, she believed, tended to discourage enterprise.

John replied that it was his job to eliminate all of the highest risks at H&Z Company. He said that all risk was bad and needed to be eliminated if possible. If it couldn’t be eliminated, he said that it should be minimised.

(a) The risk manager has an important role to play in an organisation’s risk management.

Required:

(i) Describe the roles of a risk manager. (4 marks)

(ii) Assess John Pentanol’s understanding of his role. (4 marks)

(b) With reference to a risk assessment framework as appropriate, criticise John’s advice that H&Z should

withdraw from the activity that incurs Risk 3. (6 marks)

(c) Jane Xylene expressed a particular view about the value of risk management in H&Z Company. She also said that she wanted to see ‘entrepreneurial risk takers’.

Required:

(i) Define ‘entrepreneurial risk’ and explain why it is important to accept entrepreneurial risk in business

organisations; (4 marks)

(ii) Critically evaluate Jane Xylene’s view of risk management. (7 marks)

Managers Wanted

Posting Date: Oct. 14th, 2007.

Nestle East Coast Distribution Center is currently looking for qualified managers to work in several retail stores in the North America market. We have been dedicated to selling our great quality clothing to our customers at the lowest possible prices since our inception fifteen years ago.

The prospective candidates must possess outstanding communication, supervisory and public relation skills regardless of experience in related fields. We are the leading company in providing on-the-job training and offering a pleasant work environment to our employees. Successful candidates will be responsible for organizing all hiring, training new employees and evaluating their job performance.

Employee Benefits:

Health, life, medical and dental insurance coverage

Paid vacation and paid maternal leave

Five work days a week (from Monday to Friday)

Complimentary education and training support

Competitive bonus program and incentive systems

A good retirement plan

Please submit your resume and cover letter to the address listed below. Or email it to eastjobs@nestleeast.com as a word document.

Nestle East Coast Distribution Center

ATTN: Human Resources

311 Half Acre Rd,

Cranbury, New Jersey 08512

In Person: Drop off your resume and cover letter at the above address October 20-October 24, 8:00 a.m.-7:00 p.m.

We will personally contact qualified applicants to arrange an interview. Please, no phone calls.

How long has Nestle been in business？

A．Five years

B．Fifteen years

C．Three years

D．Thirteen years

stipulated in the contract, the seller is entitled to ______ compensation from ______.