(c) Using sensitivity analysis, estimate by what percentage the life cycle of the Snowballer would need to changebefore the recommendation in (a) above is varied. (4 marks)
题目
(c) Using sensitivity analysis, estimate by what percentage the life cycle of the Snowballer would need to change
before the recommendation in (a) above is varied. (4 marks)
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更多“(c) Using sensitivity analysis, estimate by what percentage the life cycle of the Snowballer would need to changebefore the recommendation in (a) above is varied. (4 marks)”相关问题
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第1题：
Life cycle costing is the total cost to the customer for the acquisition and ownership over its full life. Life cycle costing categories include the cost of _____, _____, and _____.
A . R & D, maintainability, operation and support.
B . R & D, production, operation and support.
C . Acquisition, operations, maintenance.
D . Production, operations, maintenance.
E . None of the above
正确答案：C
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第2题：
Which phase of the project life cycle typically has the highest uncertainty and risk associated with it?
A concept
B development
C execution
D conclusion
E All of the above.
正确答案：A
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第3题：
67 The project stakeholders should be actively involved with the _____ phase(s) of the life cycle. A. Conceptual
B. Development.
C. Execution
D. Finish
E. All of the above
正确答案：E
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第4题：
● The project stakeholders should be actively involved with the _____ phase(s) of the life cycle.
A Conceptual
B Development.
C Execution
D Finish
E All of the above.
正确答案：E
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第5题：
(c) (i) Using ONLY the above information, assess the competitive position of Diverse Holdings Plc.
(7 marks)
正确答案：
(c) (i) Organic Foods Ltd (OFL) with a market share of 6·66% is the market leader at 30 November 2005 and is forecast to
have a market share of 8% by 30 November 2007. Operating profits appear to be healthy and therefore it seems
reasonable to regard OFL as a current ‘strength’ of Diverse Holdings Plc. This is supported by the fact that OFL has built
up a very good reputation as a supplier of quality produce.
Haul Trans Ltd was acquired on 1 December 2005 and has a demonstrable record of recent profitability. It is noticeable
that the profitability of HTL is forecast to increase by 40% (excluding inflation) during its first two years of ownership.
No one organisation appears to dominate the market. Forecast profits are expected to grow significantly from an almost
static turnover and thus more information is required regarding how this increase in profitability is to be achieved.
Management may have identified opportunities for achieving significant cost savings and/or forming business
relationships with new and more profitable customers, while ceasing to service those customers who are less profitable.
Kitchen Appliances Ltd (KAL) has been identified as both a weakness and threat. KAL’s market is slowly contracting,
but its share is falling more quickly. It was almost the market leader at 30 November 2005. Judging by its fall in the
level of operating profit KAL is carrying heavy fixed costs which must make it more difficult to compete. Indeed, it is
forecast to make a loss during the year ending 30 November 2007. KAL has suffered from squeezed margins as a
consequence of competition from low cost imports. The situation may be further exacerbated as competition from abroad
intensifies.
Paper Supplies Ltd (PSL) has stood still in a growing market, one which is dominated by a single supplier. PSL appears
to be struggling to achieve any growth in turnover, profits and therefore cash flow. PSL cannot really compete with a
narrow range of products and only two customers.
Office Products Ltd (OPL) is growing but appears unable to increase its operating profit in % terms. It appears to be
operating in a high-growth market but unable to achieve a reasonable market share in spite of the fact that its products
are highly regarded by health and safety experts. -
第6题：
(c) Using the information contained in Appendix 1.2, compare the performance of HLP and MAS incorporating
relevant percentage and ratio statistics under the following headings:
(i) Competitiveness; (5 marks)
正确答案：
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第7题：
(b) Using sensitivity analysis, estimate by what percentage each of the under-mentioned items, taken separately,
would need to change before the recommendation in (a) above is varied:
(i) Initial outlay;
(ii) Annual contribution. (4 marks)
正确答案：
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第8题：
(c) Assess the likely criteria which would need to be satisfied for software to be regarded as ‘quality software’.
(4 marks)
正确答案：
(c) The following are important considerations regarding the quality of the business software:
– The software is error-free as this will improve its reliability. Whilst in practice this might not always be achievable the
directors of SSH must recognise the dangers involved in supplying bespoke software which may prove damaging to their
clients’ businesses with the resulting loss of client goodwill.
– The software should meet quality control standards such as those specified by the ISO (International Standards
Organisation).
– The software must be delivered on time. Late delivery of business software will prove problematic since clients may rely
on updated software to meet new customer needs or to fulfil revised business objectives.
– The software must meet the initial specification of the customer. In meeting the specification SSH will be demonstrating
that the software has been produced correctly with an appropriate focus on the requirements of end users.
– The software must be usable i.e. as well as being able to do what it is supposed to do it is important that it is easy to
use.
– The software should be capable of being updated in the light of future changes that occur in the clients’ requirements. -
第9题：
The stages within the development phase of the software life cycle are ( 71 ).
A.design, analysis, implementation, and testing
B.analysis, design, implementation, and testing
C.analysis, design, testing, and implementation
D.design, analysis, testing, and implementation
正确答案：C
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第10题：
During planning you sit down and estimate the time needed for each task and total them to come up with the project estimate.This duration is what you commit to complete the project.What is wrong with the scenario?A.The team did not create the estimate and estimating tales too long using that method
B.The team did not create the estimate and a network diagram was not used
C.The estimate is too long and should be created by management
D.The project estimate should be the same as the customer's required completion date答案：B解析：解析：当你打算坐下来评估每个任务所需的时间和总共的项目评估。在你提交完成项目估算的这个期间。依据以上场景错误的选项是（ ）?
团队使用这种方法并没有产生太长时间的估计和估计故事。
团队不需要创建估算，不需要用到网络图。
估计太长了，应该由管理人员来制定。
项目估算应与客户要求的完工日期相同。 -
第11题：
What are three relevant design considerations when using the 15216 EDFA？（）
- A、 dispersion
- B、 Optical SNR
- C、 span attenuation
- D、 four wave mixing
- E、 receiver sensitivity
正确答案:B,C,E -
第12题：
单选题The main purpose of the essay is to describe the life cycle of the lobsterAdescribe the life cycle of the lobster
Bexplain the problems that arise when raising captive lobsters
Cshow that no matter what hatcheries do, they cannot help the lobsters
Dconvey the need for more funding for lobster hatcheries
Eillustrate how and why lobster hatcheries work to maintain the lobster population
正确答案： C解析：
文中开始解释了为什么我们养龙虾，然后讲述了如何养这种龙虾以及养龙虾过程中可能会遇到的问题，结尾处提到这个过程总体上是成功的。E项总结地最全面。 -
第13题：
Sensitivity analysis can be used in risk analysis to:
A Substitute for uncertainty analysis in risk quantification
B estimate the level of risk aversion adopted by management
C estimate the effect of change of one project variable on the overall project
D A and B
E All of the above.
正确答案：C
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第14题：
74 Life cycle costing is the total cost to the customer for the acquisition and ownership over its full life. Life cycle costing categories include the cost of _____, _____, and _____.
A. R & D, maintainability, operation and support.
B. R & D, production, operation and support.
C. Acquisition, operations, maintenance.
D. Production, operations, maintenance.
E. None of the above
正确答案：B
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第15题：
157 Sensitivity analysis can be used in risk analysis to:
A. Substitute for uncertainty analysis in risk quantification
B. estimate the level of risk aversion adopted by management
C. estimate the effect of change of one project variable on the overall project
D. A and B
E. All of the above
正确答案：C
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第16题：
4 (a) Explain the meaning of the term ‘working capital cycle’ for a trading company. (4 marks)
正确答案：
(a) The working capital cycle illustrates the changing make-up of working capital in the course of the trading operations of a
business:
1 Purchases are made on credit and the goods go into inventory.
2 Inventory is sold and converted into receivables
3 Credit customers pay their accounts
4 Cash is used to pay suppliers. -
第17题：
(ii) Briefly explain the extent to which the application of sensitivity analysis might be useful in deciding
which refrigeration system to purchase and discuss the limitations inherent in its use. (3 marks)
正确答案：
(ii) Sensitivity analysis could be used to assess how responsive the NPV calculated in part (a) in respect of each decision
option change is to changes in the variables used to calculate it. The application of sensitivity analysis requires that the
net present values are calculated under alternative assumptions in order to determine how sensitive they are to changing
conditions. In this particular example then a relatively small change in the forecast cash flows might lead to a change
in the investment decision. The application of sensitivity analysis can indicate those variables to which the NPV is most
sensitive and the extent to which these variables may change before an investment results in a negative NPV. Thus the
application of sensitivity analysis may provide management with an indication of why a particular project might fail. The
directors of Stay Cool Ltd should give consideration to the potential variations in the independent variables which feature
in the decision-making process such as:
– estimated revenues
– estimated operating costs
– estimated working lives
– estimated repair costs
– the estimated discount rate i.e. cost of capital of each alternative investment.
Sensitivity analysis has some serious limitations. The use of the method requires changes in each variable under
consideration are isolated. However management may be focused on what happens if changes occur in two or more
critical variables. Another problem relating to the use of sensitivity analysis to forecast outcomes lies in the fact that it
provides no indication of the likelihood of the occurrence of changes in critical variables. -
第18题：
2 Ice-Time Ltd (ITL) manufactures a range of sports equipment used in a variety of winter-sports in Snowland.
Development engineers within ITL have recently developed a prototype of a small engine-propelled bobsleigh named
the ‘Snowballer’, which has been designed for use by young children. The directors of ITL recently spent ￡200,000
on market research, the findings of which led them to believe that a market exists for the Snowballer.
The marketing director has suggested that ITL should use the ‘Olympic’ brand in order to market the Snowballer.
The finance director of ITL has gathered relevant information and prepared the following evaluation relating to the
proposed manufacture and sale of the Snowballer.
(1) Sales are expected to be 3,200 units per annum at a selling price of ￡2,500 per unit.
(2) Variable material, labour, and overhead costs are estimated at ￡1,490 per unit.
(3) In addition, a royalty of ￡150 per unit would be payable to Olympic plc, for the use of their brand name.
(4) Fixed overheads are estimated at ￡900,000 per annum. These overheads cannot be avoided until the end of the
year in which the Snowballer is withdrawn from the market.
(5) An initial investment of ￡5 million would be required. A government grant equal to 50% of the initial investment
would be received on the date the investment is made. However, because the Snowballer would be classified as
a luxury good, no tax allowances would be available on this initial investment. The estimated life cycle of the
Snowballer is six years.
(6) Corporation tax at the rate of 30% per annum is payable in the year in which profit occurs.
(7) All cash flows are stated in current prices and, with the exception of the initial investment and the government
grant, will occur at the end of each year.
(8) The nominal cost of capital is 15·44%. Annual inflation during the period is expected to amount to 4%.
Required:
(a) Calculate the net present value (NPV) of the Snowballer proposal and recommend whether it should be
undertaken by the directors of ITL. (4 marks)
正确答案：
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第19题：
(d) Comment on THREE factors other than NPV that the directors of ITL should consider when deciding whether
to manufacture the Snowballer. (3 marks)
正确答案：
(d) Factors that should be considered by the directors of ITL include:
(i) The cash flows are estimated. How accurate they are requires detailed consideration.
(ii) The cost of capital used by the finance director might be inappropriate. For example if the Snowballer proposal is less
risky than other projects undertaken by ITL then a lower cost of capital should be used.
(iii) The rate of inflation may vary from the anticipated rate of 4% per annum.
(iv) How strong is the Olympic brand name? The directors are proposing to pay royalties equivalent to 6% of sales revenue
during the six years of the anticipated life of the project. Should they market the Snowballer themselves?
(v) Would competitors enter the market and what would be the likely effect on sales volumes and selling prices?
N.B: Only three factors were required. -
第20题：
(ii) Compute the annual income tax saving from your recommendation in (i) above as compared with the
situation where Cindy retains both the property and the shares. Identify any other tax implications
arising from your recommendation. Your answer should consider all relevant taxes. (3 marks)
正确答案：
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第21题：
Swim Co offers training courses to athletes and has prepared the following breakeven chart:
Required:
(a) State the breakeven sales revenue for Swim Co and estimate, to the nearest $10,000, the company’s profit if 500 athletes attend a training course. (2 marks)
(b) Using the chart above, explain the cost and revenue structure of the company. (8 marks)
正确答案：
(a)ThebreakevensalesrevenueforSwimCois$90,000.Thecompany’sprofit,tothenearest$10,000,if500athletesattendthecourseis$20,000($140,000–$120,000).(Fromthegraph,itisclearthatthepreciseamountwillbenearer$17,000,i.e.$140,000–approximately$123,000.)(b)CoststructureFromthechart,itisclearthatLineCrepresentsfixedcosts,LineBrepresentstotalcostsandLineArepresentstotalrevenue.LineCshowsthatinitially,fixedcostsare$20,000evenifnoathletesattendthecourse.Thisleveloffixedcostsremainsthesameif100athletesattendbutoncethenumberofattendeesincreasesabovethislevel,fixedcostsincreaseto$40,000.LineBrepresentstotalcosts.If100athletesattend,totalcostsare$40,000($400perathlete).Since$20,000ofthisrelatestofixedcosts,thevariablecostperathletemustbe$200.Whenfixedcostsstepupbeyondthispointatthelevelof200athletes,totalcostsobviouslyincreaseaswellandLineBconsequentlygetsmuchsteeper.However,sincetherearenow200athletestoabsorbthefixedcosts,thecostperathleteremainsthesameat$400perathlete($80,000/200),eventhoughfixedcostshavedoubled.If300athletesattendthecourse,totalcostperathletebecomes$300each($90,000/300).Sincefixedcostsaccountfor$40,000ofthistotalcost,variablecoststotal$50,000,i.e.$166·67perathlete.So,economiesofscaleariseatthislevel,asdemonstratedbythefactthatLineBbecomesflatter.At400athletes,thegradientofthetotalcostslineisunchangedfrom300athleteswhichindicatesthatthevariablecostshaveremainedthesame.Thereisnofurtherchangeat500athletes;fixedandvariablecostsremainsteady.RevenuestructureAsregardstherevenuestructure,itcanbeseenfromLineAthatfor100–400athletesthepriceremainsthesameat$300perathlete.However,if500athletesattend,thepricehasbeenreducedasthetotalrevenuelinebecomesflatter.$140,000/500meansthatthepricehasgonedownto$280perathlete.Thiswasobviouslynecessarytoincreasethenumberofattendeesandatthispoint,profitismaximised.1 -
第22题：
The life cycle of aproject is a description of the various phases of the project from thebeginning to the end. One of the followings is not a phase of the traditionalproject life cycle, It is（ ）.A.development
B.concept
C.system analysis
D.implementation答案：B解析： -
第23题：
多选题What are three relevant design considerations when using the 15216 EDFA？（）Adispersion
BOptical SNR
Cspan attenuation
Dfour wave mixing
Ereceiver sensitivity
正确答案： C,A解析： 暂无解析