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题目
Section B – TWO questions ONLY to be attempted
APX Accountancy (APX) is an accountancy partnership with 12 branches covering each of the main cities of Emland. The business is well established, having organically grown over the last 40 years to become the second largest non-international practice in Emland. The accountancy market is mature and expands and contracts along with the general economic performance of Emland.
APX offers accountancy, audit, tax and business advisory services. The current business environment in Emland is dominated by a recession and the associated insolvency work is covered within the business advisory area of APX.
At present, the practice collects the following information for strategic performance evaluation:
The above figures are for the most recent financial year and illustrate the metrics used by APX. Equivalent monthly figures are produced for each of the monthly partner meetings which review practice performance.
The staff are remunerated based on their grade, with non-partners obtaining a bonus of up to 10% of basic salary based on their line managers’ annual review. The partners receive a fixed salary with a share of profit which depends on their contractual responsibilities within the partnership.
The managing partner of APX is dissatisfied with the existing performance management system, as she is not convinced that it is helping to achieve the long-term goal of expanding and ultimately floating the business on the national stock exchange. Therefore, she has asked you to consider the impact of applying Fitzgerald and Moon’s building block approach to performance management in the practice.
Required:
(a) Briefly describe Fitzgerald and Moon’s building block model of performance management. (4 marks)
(b) Evaluate the existing performance management system at APX by applying the building block model. (8 marks)
(c) Explain the main improvements the introduction of a building block approach to performance management could provide, and suggest specific improvements to the existing system of performance measures at APX in light of the introduction of the building block model. (8 marks)
更多“Section B – TWO questions ONLY to be attemptedAPX Accountancy （APX) is an accountancy part”相关的问题
第2题
第3题
SECTION B CONVERSATIONS In this section you will hear two conversations . At the end of each conversation five questions will be asked about what was said. Both the conversation and the questions will be spoken ONLY ONCE. After each question there will be a ten-second pause, you should read the four choices of A,B,C and D, and mark the best answer to each question on ANSWER SHEET TWO. You have THIRTY seconds to preview the questions. Now listen to the conversations. Test 6.mp3: Conversation One 1.
A．The suit fits Kevin well
B．Kevin bought the suit for her
C．The suit is too expensive
D．Kevin should give her a new suit
第4题
第5题
Section A
Directions: In this section, there are 10 incomplete sentences. You are required to complete each one by deciding on the most appropriate word or words from the 4 choices marked A), B), C) and D). Then you should mark the corresponding letter on the Answer Sheet with a single line through the center.
16. There are two maps on the wall：one is a map of China，and ___________ is a map of the world.
A) other
B) another
C) the other
D) the others
第6题
A．Their suppl i ers are raising price
B．Their shipping agent is upping fees．
C．They have been operatin g with loss．
D．Energy prices are rising．
第7题
Section B – TWO questions ONLY to be attempted
GNT Co is considering an investment in one of two corporate bonds. Both bonds have a par value of $1,000 and pay coupon interest on an annual basis. The market price of the first bond is $1,079？68. Its coupon rate is 6% and it is due to be redeemed at par in five years. The second bond is about to be issued with a coupon rate of 4% and will also be redeemable at par in five years. Both bonds are expected to have the same gross redemption yields (yields to maturity).
GNT Co considers duration of the bond to be a key factor when making decisions on which bond to invest.
Required:
(a) Estimate the Macaulay duration of the two bonds GNT Co is considering for investment. (9 marks)
(b) Discuss how useful duration is as a measure of the sensitivity of a bond price to changes in interest rates. (8 marks)
第8题
第9题
Section A
Directions: This section is to test your ability to give proper answers to questions. There are 5 recorded questions in it. After each question, there is a pause. The questions will be spoken two times. When you hear a question, you should decide on the correct answer from the 4 choices marked A, B, C and D.
(1)
A．About 3 miles.
B．You can take the No. 2 bus.
C．In half an hour.
D．It's very near.
第10题
A．ABecausehehimselfsufferedmuchwhenheenteredtheuniversity．
B．Becausehehasenoughexperienceinorganizingsuchaproject．
C．BecausehisparentssupportedhimtodoSo．
D．Hewantsto learn moreexperienceofuniversitystudy．
第11题
Section A
Directions: In this section, you will hear three news reports. At the end of each news report, you will hear two or three questions. Both the news report and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A), B), C) and D). Then mark the corresponding letter on Answer Sheet 1 with a single line through the centre.
Questions 1 to 2 are based on the conversation you have just heard.
1.
A.It was dangerous to live in.
B. It was going to be renovated.
C.He could no longer pay the rent.
D.He had sold it to the royal family.
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