CHAPTER 1: INTRODUCTION 1.1 Introduction Financial services firms are in the business of accepting risk. Primary aims of any financial services firm are collect and manage risks on behalf of their customers and make a profit for its shareholders. We may define ‘Risks’ as uncertainties resulting in adverse outcome‚ adverse in relation to planned objective or expectations. In the financial arena‚ enterprise risks can be broadly categorized as credit risk‚ operational risk‚ market risk and
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Section A Question 1 (70% of exam marks) The scenario is intended to be realistic and the date is 28 November 2012‚ though assumptions of strategy and acquisition intent are fictitious. Scenario You have recently joined the Strategy Department at Koninklijke Ahold NV‚ the Dutch retailing group. The company has “strong local consumer brands in Europe and the United States” and states in the 2011 annual report that it has “embarked on a new strategy to build upon our success‚ and significantly
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AVAST END USER LICENSE AGREEMENT (FREE VERSION) PLEASE READ THE TERMS AND CONDITIONS OF THIS LICENSE AGREEMENT (“AGREEMENT”) CAREFULLY BEFORE USING THE SOFTWARE (AS DEFINED BELOW). THIS IS A LEGALLY BINDING CONTRACT BETWEEN YOU AND AVAST SOFTWARE a.s.‚ A COMPANY DULY ORGANIZED AND EXISTING UNDER THE LAWS OF THE CZECH REPUBLIC‚ REGISTERED IN THE COMMERCIAL REGISTER MAINTAINED BY THE MUNICIPAL COURT IN PRAGUE IN SECTION B‚ INSERT NO. 11402 (“AVAST”). BY ASSENTING ELECTRONICALLY‚ INSTALLING
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Bear account: A business operator who at present enters into a contract of selling goods bt does not diliver goods or accepts the price till a stipulated time in future‚ is called a bear. He sell at present when the price is high‚ and buys in the future when the price falls. Thus the difference makes his profit. He makes a profit simply be speculation neither taking the price nor making delivery of the goods. Bullish: The market is called bullish or having a bullish tendency when there is a general
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ratio of the company is more than that of other companies‚ it is worth investing. A) Dividend yield B) Earnings per share C) Dividend payout D) Return on Investment 3. The finished products‚ when sold on credit‚ get converted into ________. A) Short-term funds B) Sundry creditors C) Sundry debtors D) Circulating capital 4. _____________ is a method of budgeting income earned and adjusting some part of the budget downwards for each part that should be adjusted upwards. A) Zero-base budgeting B) Performance
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I – Utilitarianism/Consequentialism A – Definition: The greatest good for the greatest number of people; sacrifices are OK B – Justifications: Life is a pre-requisite to ethics Bostrom1 Continuity is as important to our commitment to the project of the future of humanity as it is to our commitment to the projects of our own personal futures. Just as the shape of my whole life‚ and its connection with my present and past‚ have an interest that goes beyond that of any isolated experience
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Goals are the targets or ends that companies want to reach. Goals are usually specific‚ challenging‚ and realistic (Bateman and Snell‚ 2004). There are various types of goals‚ including short term‚ long term as so on. Strategic goals are major targets or end results that relate to the long term survival‚ value‚ and growth of the company. Strategic objectives are defined to direct the decisions and the actions of an organization. There are different levels of strategic objectives including functional
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This thesaurus of terms for business and work is a simple quick tool for improving written and spoken communications. Choosing your words carefully is vital for effective communicating. Sometimes a common word is best replaced by a less common word. Sometimes a common word is better than an unusual word. Words must make sense and have relevance to the reader‚ and also reflect the tone and purpose of the communication. Being able to choose different words to suit different situations can help achieve
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Implied terms Terms implied as a matter of law Implied term of good faith Burker king v Hungry jacks BK同意让jk在他旗下develop bk franchise store.事后BK和shell达成另一个协议悄悄派出了JK。JK告BK breach the implied term of good and faith. Between professional person and their clients For work and material Reg v Rivers locking p 270 Reg叫rivers去装门。Rivers保证那个门是防盗的。可是晚上小偷还是进去了。 相反的例子。Court will not apply the implied term in the circumstance Helicopter v Roter-work p 271 原告叫被告修飞机，并且要求组件一定要符合出产商的要求。但是出产商的要求以及设计被原告视为秘密。后来在机尾上的bolt出现了问题。法庭判定，由于出产商产品
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Terms and Conditions for Purchase Order 1) If unable to make shipment on date specified‚ notify procurement department at once. 2) No charges will be allowed for boxing‚ crating or cartage unless previously agreed. If through routing is not specified‚ ship by route providing lowest rate‚ otherwise excess will be charged to your Account. 3) The right is reserved to cancel this order if not fulfilled in accordance with our delivery schedule. 4) This order is subject to modification
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