ACCA(F1)试题.docVIP

ACCA（F1）1—7章论述题 一、The business organization Suppose you are organizing a student ball. What advantages could be gained by forming a committee(成立一个委员会) to manage the process and ultimate event? ⑴It would help overcome your limitations by pooling(共用) knowledge，ideas and expertise. ⑵It would enable individuals to specialise（专门研究）in particular roles. ⑶It would save time through joint effort. ⑷It would enable synergy（协同、配合）to be gained. ⑸It would satisfy social needs. Some building societies(住宅互助社团) have demutualised（股份化） and become banks with shareholders. Comment on how this may have affected lenders and borrowers. 答案：Mutual building societies exist for the benefit of their members. This is reflected in setting： interest rates（利率） for borrowers as low as possible interest rates for savers as high as possible The aim is not to make a profit so the borrowing and saving rates are moved as close as possible with a small margin sufficient to cover costs. Once it becomes a bank the building society must then seek to maximise（最大化）shareholder wealth and become profit seeking. This is done by increasing borrowing rates and reducing saving rates. Members will thus find that the terms offered by the building society become less attractive. However，when demutualising（股份化）most building societies give their members windfalls（外快，横财）of shares so members become shareholders，thus benefiting from dividends（红利，股息）and share price increases. An over-keen（过激的）sales person promises a new product to a client before production anticipates(生产预期) manufacturing it. What problems could this cause and how could it have been avoided？ Problems： the firm will let down（失信于）its major customer，with resulting loss of goodwill（信誉） and impact on future orders Or the firm will incur(遭受) extra costs to advance production to meet the deadline set. Avoided： better communication between sales and production（销售和生产） ensuring that sales staff are briefed（事先被下达简令） by their supervisor（监督者）about delivery and production