首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Look at the statements below and the advice on handling acquisitions on the opposite page. Which section (A,B,C or D)does each s
Look at the statements below and the advice on handling acquisitions on the opposite page. Which section (A,B,C or D)does each s
admin
2012-01-22
52
问题
Look at the statements below and the advice on handling acquisitions on the opposite page.
Which section (A,B,C or D)does each statement(1-7)refer to?
You will need to use some of these letters more than once.
Mergers and Acquisitions
As Finance Director of plastics manufacturer VKT, Yvonne Maynart has overseen many successful takeovers
A
It is essential to build up a team to handle the acquisition so that your existing business can continue uninterrupted during the deal. It also helps to operate with spare capacity so that you can transfer people during the initial stages. A key person should be driving the acquisition process forward, although one person alone cannot assume responsibility for a large deal. It is clearly vital to do thorough research when identifying potential targets-but do not be afraid to walk away from a deal if you become aware of serious difficulties with a company you are targeting.
B
To decide on the value of any target business, you must first determine what contribution your acquisition can make to it. For example, you may be able to increase revenue through a more focused management team, or improve margins through greater purchasing power and lower costs. At VKT, we base our valuations on conservative assumptions-we also add in the risk element. This approach may be best, and it’s worth remembering that with listed companies, shareholders tend to have higher risk/reward expectations.
C
Developing relationships with finance providers is a key part of the finance director’s role. It is important to draw up a good business plan to ensure backing from lenders in the early stages of the acquisition. Your loan application needs to be supported by detailed profit and cashflow projections. Make sure you factor in sufficient finance to let the business develop over time, and allow for reinvestment. Here at VKT, we usually finance acquisitions with bank debt in the form of a 364-day loan, which can then be refinanced at a lower interest rate later.
D
If an acquisition is large, it can take years for companies to integrate. At VKT, we monitor all acquisitions closely for at least two years, and the most important lesson I’ve learned is that a deal is only good if it is beneficial for both vendor and acquirer. Change causes confusion, so it needs to be handled carefully. In order to protect profits and grow the business, you need to minimise the impact of change and help the people affected feel comfortable about it. When this is done properly, it can really boost morale.
Take into account your long-term requirements to ensure you have the resources you need.
选项
答案
C
解析
转载请注明原文地址:https://kaotiyun.com/show/qnoO777K
本试题收录于:
BEC中级阅读题库BEC商务英语分类
0
BEC中级阅读
BEC商务英语
相关试题推荐
Readthetextbelowaboutwritingaresume.Inmostofthelines41—52thereisoneextraword.Itiseithergrammaticallyincor
Readthearticlebelowaboutemployeeparticipationandfamily-friendlyworking.Foreachquestion31—40,writeonewordinCAPI
Readthearticlebelowaboutemployeeparticipationandfamily-friendlyworking.Foreachquestion31—40,writeonewordinCAPI
•ReadthearticlebelowabouthowtosetupshopontheInternet.•Foreachquestion31—40,writeonewordinCAPITALLETTERSon
•Lookatthestatementsbelowandatthereviewsofvariousnewbusinessproductsontheoppositepage.•Whichreview(A,B,C
•Readthetextbelowabouthowtoorderproducts.•Inmostofthelines(41-52)thereisoneextraword.Itiseithergrammat
•Readthetextbelowabouthowtoorderproducts.•Inmostofthelines(41-52)thereisoneextraword.Itiseithergrammat
Lookatthestatementsbelowandatthefivecommentsbyfivetopbusinesspeopleonhowtoinfluencepeopleatworkontheoppo
Lookatthestatementsbelowandatthefivecommentsbyfivetopbusinesspeopleonhowtoinfluencepeopleatworkontheoppo
随机试题
乳糖操纵子的基因表达调节属于
妊娠性瘙痒症有如下特征,除外的是
患者,男,68岁。饱餐后出现脐周阵发性腹痛,伴呕吐、腹胀,肛门停止排便排气2天。查体:腹软,脐周有轻度压痛,无反跳痛,肠鸣音亢进,有气过水声。患者2年前曾因化脓性阑尾炎行阑尾切除术,半年来间断性腹部隐痛不适。目前对该患者最重要的处理措施是
马,枣红色,4岁,营养中等。就诊当天早晨突然发病,症见蹇唇似笑,不时前蹄刨地,回头观腹,起卧打滚,间歇性肠音增强,如同雷鸣,有时排出稀软甚至水样粪便,耳鼻四肢不温,口色青白,口津滑利,脉象沉迟。该病可首选针刺
A.金黄色葡萄球菌B.痢疾杆菌C.草绿色链球菌D.Coxsachie(柯萨奇)病毒E.产气杆菌引起急性细菌性心内膜炎
除法律另有规定外,下列财产中,不得用于抵押的有()。
市场机制本身存在缺陷,所以不能单纯依靠市场机制,但下列各项中,()不属于市场机制的缺陷。
有人把学业失败的原因说成努力不够,这种归因属于()
下列选项中,体现物权特征的是()。
•Youwillhearadiscussion.•Foreachquestion23-30markoneletter(A,BorC)forthecorrectanswer.•Afteryouhaveli
最新回复
(
0
)