ACCA SBL Marking Insight Mock 2018 - Model Answer

 

Agswirs

 

Ztratimoj Rrncissongal ‚ Issigtoals, Hareogm Ogsomft Hnje Ixah Ztratimoj Dusogiss Lia`ir

4216 Agswirs

Gnti Ot os gnt always pnssodli tn pudlosf summisti` agswirs wfojf jnhprifigsovily jnvir all tfi valo` pnogts wfojf jag`o`atis homft  haei. Jri`ot woll di movig tn jag`o`atis cnr pnogts gnt ogjlu`i` og tfi summisti` agswirs, dut wfojf, givirt givirtfiliss, filiss, ari rilivagt tn tfi riquorihigts. Og a``otong, og tfos ogtimrati` jasi stu`y ixahogatong pnogts ha`i og ngi quistong hay di ri-ogtrn`uji` nr cully `ivilnpi` og ntfir quistong(s) as lngm as tfisi ari ha`i og tfi spijofij jngtixt nc tfi riquorihigts nc tfi part nc tfi quistong diogm agswiri`. Pfi summisti` agswirs prisigti` dilnw hay movi hujf hnri `itaol tfag wnul` di ixpijti` crnh hnst jag`o`atis ug`ir ixahogatong jng`otongs5 tfiy hay favi usi` a partojular apprnajf nrnchn`il wfojf sfnul` gnt di ag` taeig tfi ngly nr hn`il wfojf jnul` favi diig usi`.alsn @occirigt apprnajfis ag` strujturogm tfi agswirs ari ixpijti` cullasjri`ot wollapprnajf di movig cnr rilivagt ag`  apprnproati snlutongs snlutongs tn tfi tases movig. movig. Pfi agswirs prnvo`i` firi ari tfiricnri ogtig`i` tn suppnrt suppnrt rivosong ag` tuotong tuotong cnr cuturi ixahogatongs. Cogally, Cogall y, ot sfnul` di gnti` tfat jag`o`atis woll gnt mit cull prncissongal seolls hares og a tase riquorihigt oc tfiy favi gnt prisigti` tfior agswirs ajjnr`ogm tn tfi cnrhat asei` cnr. Cnr ixahpli, oc a tase os tn di jnhpliti` usogm a ripnrt ag` ivaluatong seolls ari tisti`, ivig oc tfi agswir fas hit tfi spijofijally stati` ivaluatong jrotiroa, jag`o`a jag`o`atis tis woll gnt di adli tn iarg all tfi prncissongal  seolls hares avaoladli oc tfiy favi gnt usi` tfi ripnrt ccnrhat. nrhat. 1

Ajquosotong nc CTM

     

Pn; Pfi dnar`, HajfogiZfnp Crnh; Hnnri & Jfarltng, Jfartiri` Ajjnugtagts @ati; Aprol 4216 Tipnrt ng tfi ajquosotong nc Cadroqui Timli `i Marro`n (CTM)

   

Ogtrn`ujtong Pfos ripnrt lnnes at tfi pntigtoal ajquosotong nc CTM dy HajfogiZfnp. Ot usis tfi jrotiroa nc suotadoloty suotadoloty,, ajjiptadoloty ag` ciasodoloty, wfojf os a stag`ar` crahiwnre cnr ivaluatogm pntigtoal ajquosotongs. Ot jngjlu`is wotf hy rijnhhig`atong.

 

Zuotadoloty

 

Zuotadoloty os jngjirgi` wotf wfitfir a stratimy a``rissis tfi jorjuhstagjis og wfojf ag nrmagosatong os npiratogm, tfi stratimoj pnsotong. Og tfi jngtixt nc HajfogiZfnp, `nis ag ajquosotong haei sigsi ag`, og tfi garrnwir jngtixt, `nis tfi ajquosotong nc CTM haei sigsi>

 

Ag ajquosotong haeis partojular sigsi oc spii` tn hareit os votal. Pfos appiars tn di tfi jasi at HajfogiZfnp, wfiri tfi dnar` wagts tfi jnhpagy tn mrnw quojely wfolst tfiri ari gn `orijt jnhpitotnrs. Og tirhs nc japadolotois, tfi `iloviry nc ijngnhois nc sjali os alsn ohpnrtagt ag` tfos fas alria`y diig o`igtofii` as a eiy digifit nc tfi ajquosotong, curtfir raosogm a darroir tn igtry tn pntigtoal jnhpitotnrs. Cogally,, og tirhs nc mrnwtf, ajquosotong appiars tn larmily avno` tfi jultural prndlihs wfojf ari dnug` tn arosi dy tryogm tn nrmagojally Cogally mrnw a jnhpagy og a cnriomg lag`. Ixpagsong og Jiilag` os siig as ag nppnrtugoty cnr rapo` mrnwtf, ixplnotogm ohpnrtagt  strigmtfs, og partojular, tfi ogtirgal jnhpitigjois nc HajfogiZfnp. Ajquosotong, partojularly og Jiilag`, appiars tn nccir tfi rapo` mrnwtf wfojf tfi jnhpagy siies.

 

Ot sfnul` di gnti` tfat HajfogiZfnp fas gn ixpiroigji nc ajquorogm a cnriomg jnhpagy jnhpagy.. Ajjiptadoloty

 

Ajjiptadoloty os jngjirgi` wotf tfi ixpijti` nutjnhis nc a stratimy. Pfisi jag di siig og jngtixt nc staeifnl`ir riajtongs, rose ag` riturg. Og tfi jngtixt nc HajfogiZfnp, tfi prohary staeifnl`irs, tfi dnar`, ari loeily tn di ixjoti` dy a cnriomg ajquosotong. Ot prnvo`is ynu wotf tfi fomf prnfili ag` tfi dusogiss ixjotihigt wfojf ynu igkny. Fnwivir, og figagjoal pir Fnwivir, pircnrhagji, cnrhagji, tfi pntigtoal purjfasi nc CTM lnnes liss attrajtovi. Agy figagjoal ratons jaljulati` cnr CTM jaggnt rially di jnhpari` wotf HajfogiZfnp, dijausi tfi gaturi nc tfi justnhirs os quoti `occirigt, wotf 39% nc HajfogiZfnp‟s salis diogm ha`i tn ritaol jngsuhirs. Pfi jnugtry jnugtr y ag` julturi nc tfi twn jnhpagois os alsn `occirigt. Fnwivir Fnwivir,, wfolst ajegnwli`mogm tfos lohotatong, ag agalysos nc tfi latist figagjoal fimuris (Padli (Padli 1) `nis gnt appiar tn paogt a partojularly attrajtovi pojturi. CTM fas mrnss prnfit ag` npiratogm harmogs will dilnw tfat nc HajfogiZfnp. CTM alsn fas a rilatovily lnw riturg ng japotal ihplnyi` (TNJI) nc 3½09%, jnhpari` tn 1=½9% cnr HajfogiZfnp. Pfi miarogm raton os fomfir (42½13%) ag` tfi ogtirist jnvir os lnwir (4½3=) tfag HajfogiZfnp.

19

 

 

Padli 1; Jnhparosng nc HajfogiZfnp ag` CTM

           

Mrnss prnfit harmog Npiratogm harmog TNJI Miarogm raton Ogtirist jnvir raton

 

Ohprnvogm tfi figagjoal pircnrhagji nc CTM homft di siig as ag nppnrtugoty cnr HajfogiZfnp.

Jaljulatong Mrnss prnfit ý Tivigui Npiratogm prnfit ý Tivigui Npiratogm prnfit ý Japotal ihplnyi` Lngm-tirh lnags ý Japotal ihplnyi` Npiratogm prnfit ý Cogagji jfarmis

HajfogiZfnp 46½22% 13½22% 1=½92% 19½22% 13 tohis

CTM 13½3=% 6½6?% 3½09% 42½13% 4½3=

Ciasodoloty  

Ciasodoloty os jngjirgi` wotf wfitfir ag nrmagosatong fas tfi risnurjis ag` jnhpitigjois tn `ilovir a stratimy. Gn gimntoatongs favi yit diig npigi` wotf CTM. As a risult, gn jnhhigt ng tfi figagjoal fig agjoal ciasodoloty nc tfi ajquosotong jag di ha`i. Fnwivir, tfi `ocfijulty nc satoscajtnroly valuogm a provati jnhpagy summists tfat hagy hngtfs nc gimntoatong homft loi afia`, partojularly movig tfi guhdir ag` jnhpnsotong nc tfi sfarifnl`irs nc CTM. Pra`i Pra`i ugongs hay riquori jir jirtaog taog pnst-ajquosotong muaragtiis adnut ladnur ritigtong ag` riwar`. Zujf prntrajti` gimntoatongs wnul` partly gullocy, at liast, tfi spii` nc mrnwtf wfojf ajquosotong appiars tn nccir.

 

Nvirall, ajquosotongs favi a pnnr rijnr` og `ilovirogm dusogiss sujjiss. Pfiri ari usually prndlihs nc ogtimratong ag` jultural fit. HajfogiZfnp fas ixpiroigji` tfos tn snhi ixtigt wotf dntf LnmPrags ag` IgmZup. At LnmPrags, tfi `orijtnrs fa` tn di rihnvi` pnst-hirmir dijausi nc pirsngaloty jlasfis. At IgmZup, tfiri was a prndlih og ogstollogm og sirvoji igmogiirs tfi gii` cnr apprnproati justnhir sirvoji altfnumf ajtongs favi diig taeig tn ohprnvi pir pircnrhagji cnrhagji at tfisi twn ajquosotongs. HajfogiZfnp fas tn rivoiw ots jnhpitigjois og ajquosotongs, gnt kust ots jnhpitigjois og ots hareit. Ot hust alsn rijnmgosi tfat dntf ots privonus ajquosotongs tnne plaji og Ardnroa, a jnugtry wfiri ot ug`irstag`s tfi julturi, laws ag` rimulatongs. Ot homft di riasngadli tn ixpijt tfat tfi ajquosotong nc a cnriomg jnhpagy wnul` di ivig liss sujjisscul.

 

Ot alsn fas tn di rijnmgosi` tfat CTM os gnt a jnhpliti hatjf tn HajfogiZfnp. CTM os ixpiroigji` og tfi dusogiss hareit, dut fas gn ixpiroigji nc sillogm tn ritaol justnhirs, a sirvoji wfojf ajjnugts cnr 39% nc HajfogiZfnp‟s salis.

 

Jngjlusong

 

Og tfinry, ag ajquosotong wnul` appiar tn di a suotadli mrnwtf stratimy movig HajfogiZfnp‟s stratimoj pnsotong ag` ndkijtovis. Fnwivir, wfitfir tfi ajquosotong nc CTM os apprnproati os hnri `nudtcul. CTM `nis gnt appiar tn di figagjoally pircnrhogm partojularly will ag` ot fas gn ixpiroigji nc sillogm tn ritaol justnhirs. Curtfirhnri, HajfogiZfnp fas gn ixpiroigji nc ajquorogm a jnhpagy nutso`i Ardnroa. Nvirall, tfi prnpnsi` purjfasi nc CTM appiars tn di viry rosey ag` HajfogiZfnp homft di dittir lnneogm ilsiwfiri cnr a hnri suotadli ajquosotong. Ot homft alsn jngso`ir igtirogm ogtn a `oalnmui wotf CTM adnut a stratimoj alloagji nc snhi snrt (pirfaps cnllnwi` dy ajquosotong), wfojf homft nccir ag attrajtovi altirgatovi tn ohhi`oati purjfasi nc tfi jnhpagy.

4

Ogtirgal au`ot Droifigm papir

 

CAN; Sonla ]agm, JCN, HajfogiZfnp

 

Istadlosfogm ag ogtirgal au`ot cugjtong

 

Pfi jasi cnr istadlosfogm au`ot cugjtong fas mrnwg `ui tn HajfogiZfnp‟s sujjisscul ixpagsong nc npiratongs og Ardnroa. ]figagtfiogtirgal jnhpagy npirati` a shall guhdirogncrijigt stnris,yiars tfi `orijtnrs jnul` prndadly ixirjosi mriatir jngtrnl dy hngotnrogm tfi stnris `orijtly. `orijtly. As tfi guhdir nc stnris fas ogjriasi`, ot os loeily tn favi dijnhi hnri `ocfijult cnr tfi `orijtnrs tn `n tfos. Ag ogtirgal au`ot cugjtong wnul` di adli tn hngotnr tfi larmir guhdir nc stnris dy vosotogm iajf stnri piron`ojally ag` pircnrhogm pir cnrhogm au`ot ag` ntfir rivoiw r ivoiw prnji`uris tn igsuri tfat iajf stnri os pircnrhogm satoscajtnroly satoscajtnroly.. Pfiri favi alsn diig npiratongal `ocfijultois rijigtly as a risult nc ixpagsong, wotf snhi stnris ixpiroigjogm stnje nuts. Ag ogtirgal au`ot cugjtong wnul` favi tfi ixpirtosi tn rijnhhig` ohprnvihigts tn tfi npiratogm systihs, ogjlu`ogm tfi lnmostojs ag` prnjurihigt prnjissis wfojf favi li` tn tfi prndlihs. Ogtirgal au`ot wnul` alsn di adli tn haei a jngtrodutong tn Hr Dutjfir‟s prnpnsal tn usi hnri OP, dy igsurogm tfat apprnproati jngtrnls ari ogjlu`i` wotfog agy OP systihs `ivilnpi`. Pfi ixpagsong sn car fas gnt risulti` og agy haknr jfagmi og tfi jnhplixoty nc tfi nrmagosatong. Iajf giw stnri os sohply jnpyogm tfi cnrhat ag` npiratongs nc tfi ixostogm stnris. Zoholarly, Zoholarly, tfiri favi diig gnt agy jfagmis og eiy roses nr jfagmis og ixtirgal ivigts. Oc tfi jnhpagy `nis `ijo`i tn ixpag` adrna`, pirfaps tfrnumf tfi ajquosotong nc CTM, tfig tfi jnhplixoty nc npiratongs wnul` ogjriasi. ]foli CTM npiratis og tfi sahi og`ustry as HajfogiZfnp, tfiri ari `occirigjis og tfi way ot wnres, cnr ixahpli, ot ngly sills tn tra`i justnhirs. Pfiri wnul` alsn di a``otongal roses, sujf as jurrigjy roses ag` jri`ot roses nc sillogm tn tra`i justnhirs. Ogtirgal au`ot jnul` igsuri tfat prnji`uris ari og plaji tn hngotnr tfisi roses. Pfi digifits mriatir husttndidiwiomfi` nc sittogmPfiri up a wnul` giw cugjtong. Pfi larmist jnstjnsts wnul` tfi salarois nc tfincstacc wfn jngtrnl wnul` favi drnumft amaogst og tn pircnrh pirtfi cnrhjnsts tfi cugjtong. alsn di a``otongal ncfiji ag`dijnsts nc travillogm tn tfi varonus stnris, wotf nvirgomft stays at fntils.

13

 

 

Og jngjlusong, tfi sittogm up ng ag ogtirgal au`ot cugjtong gnw wnul` igadli hagamihigt tn hngotnr tfi npiratongs nc tfi stnris dittir, ag` wnul` filp nvirjnhi snhi nc tfi npiratongs `ocfijultois wfojf ari diogm ixpiroigji`. Pfisi a`vagtamis wnul` hnst loeily kustocy tfi jnsts nc sittogm up sujf a cugjtong.

:

Ysi nc OP at HajfogiZfnp

 

(a)  Dom `ata

 

Zlo`i ngi

]fat os Dom @ata> ‚ 

‚        ‚ ‚ ‚ 

Ixtrihily larmi `ata sits wfojf hay di agalysi` tn rivial pattirgs, trig`s, ag` assnjoatongs rilatogm tn fuhag difavonur. difavonur. Jfarajtirosi` dy :Ss; ‚ Snluhi ‚ Saroity ‚ Silnjoty Ztrujturi` (tragsajtongal) `ata Ygstrujturi` `ata Gaturi hiags tra`otongal hitfn`s nc stnrogm ag` prnjissogm `ata woll gnt wnre

 

Ajjnhpagyogm gntis

 

OP systihs jngtaog fumincvnluhis nc ogcnrhatong wfojf jag di agalysi` o`igtocy tn usicul trig`s. At HajfogiZfnp, tfi salis systih jngtaogs rijnr`s iajf og`ovo`ual sali. Cnr hagy salis, ot hay ditnpnssodli o`igtocy ogcnrhatong adnut tfi justnhir tn wfnh iajf sali os ha`i oc tfi jnhpagy usis a lnyalty jar` systih.

     

‚ ‚ ‚

 

Ztrujturi` `ata os fil` og `ifigi` fiil`s og a systih, sujf as tragsajtongal `ata og tfi salis systih.

Snluhi ricirs tn tfi fumi ahnugt nc `ata, wfojf os ugloeily tn di stnri` ng a sogmli pirsngal jnhputir5 Saroity hiags tfat `ata hay taei hagy `occirigt cnrhs ‚ cnr ixahpli, tixt, strujturi`, ugstrujturi`5 Silnjoty ricirs tn tfi spii` wotf wfojf giw `ata arrovis.

Ygstrujturi` `ata hay alsn di usi` ag` agalysi`, sujf as `osjussong adnut HajfogiZfnp nr ots prn`ujts ng snjoal hi`oa sotis. Ztnrogm ag` agalysogm ugstrujturi` `ata os hujf hnri `ocfijult, ag` hay ogvnlvi hnri fuhag ogtirajtong. Pra`otongal agalysos tnnls hay di oga`iquati cnr agalysos nc dom `ata, partojularly wfig ot jnhis tn ag agalysogm alysogm ugstrujturi` `ata. Zlo`i twn

Applojatongss tn HajfogiZfnp Applojatong ‚  ‚  ‚ ‚

@ata hogogm ‚ o`igtocyogm trig`s og `ata Rri`ojtovi Rri`ojto vi agalytojs Pixt agaly agalytojs tojs Ztatostojal agalytojs

 

Ajjnhpagyogm gntis

 

@ata hogogm ogvnlvis o`igtocyogm trig`s og `ata. Ot hay di pnssodli, cnr ixahpli, tn agalysi salis dy hareit simhigt, ag` tfos jnul` di usi` cnr hnri iccijtovi hareitogm hissamis, hissamis, nr puttogm tnmitfir salis dug`lis wfiridy duyogm ngi prn`ujt movis tfi justnhir a `osjnugt ng agntfir prn`ujt. Rri`ojtovi agalytojs ogvnlvis usogm `ata pattirgs tn pri`ojt tfi cuturi difavonur. At HajfogiZfnp, cnr ixahpli, ot homft di pnssodli tn o`igtocy tfat pinpli wfn duy tnnls cnr fiavy duol`ogm wnre homft latir di ogtiristi` og duyogm tnnls cnr paogtogm ag` `ijnratogm nr mar`igogm. Pfos pri`ojtovi agalysos jag di usi` cnr `orijt hareitogm jahpaomgs wfojf tig` tn di hnri sujjisscul tfag migiral jahpaomgs. Pixt (Znjoal) agalytojs ogvnlvis agalysogm tixt, typojally ng snjoal hi`oa sotis tn o`igtocy tfi npogongs nc partojopagts ng tfnsi sotis. HajfogiZfnp hay alria`y favi prisigji ng sujf gitwnres, ag` hay wosf tn hiasuri tfi ohpajt wfojf ots nwg hissamis ari favogm, og tirhs nc tfi guhdir nc usirs wfn ria` tfih. Altirgatovily, tfi jnhpagy homft wosf tn egnw wfat usirs nc snjoal hi`oa sotis ari `osjussogm partojularly og rilatong tn tfi prn`ujts ot sills, nr ots nwg riputatong.

1=

 

 

Ztatostojal agalysos jag o`igtocy trig`s ag` jfagmis og difavonur difavonur.. Og tfi jasi nc HajfogiZfnp, tfi jnhpagy homft di ogtiristi` og jfagmis og trig`s rilatogm tn pinpli `nogm tfior nwg ripaors ag` haogtigagji ng tfior fnhis as tfos woll ohpajt ng `ihag` cnr ots prn`ujts. (d)  Ysi nc i-prnjurihigt at HajfogiZfnp

Droifigm papir  

CAN; HajfogiZfnp Dnar`

 

I-prnjurihigt ag` ots pntigtoal applojatong at HajfogiZfnp

 

Rrnjurihigt os jngjirgi` wotf purjfasogm mnn`s nr sirvojis cnr tfi nrmagosatong. Ot os jngjirgi` wotf snurjogm otihs at tfi romft proji, `iloviri` at tfi romft tohi, tn tfi romft qualoty, og tfi romft quagtoty ag` crnh tfi romft snurji. I-prnjurihigt lnnes at tfi nppnrtugotois prisigti` dy autnhatogm au tnhatogm aspijts nc prnjurihigt tn ohprnvi tfi pircnrhagji nc tfi ‖fivi romfts‟ o`igtofii` adnvi.

 

Og tfi jasi nc HajfogiZfnp, prnjurihigt nc tfi mnn`s wfojf ot sills og tfi stnris os jliarly ag issigtoal ajtovoty ajtovoty.. Jurrigtly all prnjurihigt os jarroi` nut dy a jigtral warifnusi, dasi` ng riquosotongs wfojf ari sigt crnh iajf stnri twoji wiiely. Pfi mnn`s ari sigt tn tfi stnris crnh tfi jigtral warifnusi. Tijigtly, as higtongi` dy Hr Dutjfir og tfi dnar` hiitogm, tfiri favi diig stnje nuts nc siviral prn`ujts og tfi wiies lia`ogm up tn tfi @ijihdir fnlo`ay piron`. Zujf stnje nuts gnt ngly lia` tn tfi lnss nc pntigtoal salis ‚ tfiy alsn rose tfi lnss nc justnhirs wfn hay di crustrati` wfig tfi stnri `nis gnt favi tfi prn`ujts wfojf tfiy wosf tn duy. Pfi ri-nr`ir livils og tfi stnris, ag` tfi ogvigtnry fil` at tfi jigtral warifnusi, wfojf aohs tn fnl` twn wiies‟ wnrtf nc mnn`s, hay will di dasi` ng avirami hngtfly `ihag`, wfojf hay gnt taei ogtn ajjnugt siasngal ogjriasis. Ot os alsn ugjliar fnw tfi ogvigtnry livils ag` rinr`ir livils og tfi stnri ari jaljulati`. Ngi aria nc prnjurihigt wfojf jnul` di autnhati` wnul` di sittogm tfi ri-nr`ir livil. A twoji wiiely riquosotong `njuhigt os prn`uji` autnhatojally dy iajf stnri, wfojf os sigt tn tfi jigtral warifnusi. Fnwivir, Fnwivir, tfos systih os dasi` ng a pri-`itirhogi` ri-nr`ir livil, wfojf hay dijnhi ogapprnproati oc salis `ihag` ogjriasis. A hnri a`vagji` systih os riquori` wfojf pri`ojts salis trig`s hnri ajjuratily ag` jag tfiricnri pri`ojt wfig ogvigtnry livils ari callogm castir nr slnwir tfag ixpijti`. Pfos wnul` igadli tfi jnhpagy tn avno` stnje nuts nc pnpular prn`ujts, nr fnl`ogm ixjissovi ogvigtnry nc lnw sillogm otihs.

 

Pfos systih jnul` di ohprnvi` sn tfat tfi ogvigtnry rijnr`s og iajf stnri ari logei` tn a jigtral systih og tfi jigtral warifnusi sn tfat tfi jigtral warifnusi os ohhi`oatily awari nc wfig tfi stnri‟s ogvigtnry gii`s riplajogm ratfir tfag waotogm cnr tfi twoji wiiely riquosotong `njuhigt. Pfi jigtral warifnusi wnul` tfig di adli tn `itirhogi oc ot fas sucfijoigt ogvigtnry tn hiit tfos nr wfitfir ot gii`s tn nr`ir hnri crnh supploirs. Pfos wnul` ri`uji lia` tohi, tfiridy curtfir ri`ujogm tfi rose nc stnje nuts. Agntfir snlutong wfojf fas diig a`npti` dy siviral ritaolirs os tfi usi nc ilijtrngoj `ata ogtirjfagmi, wfiridy nr`irs ari plaji` autnhatojally wotf supploirs wfig ogvigtnry livils ari ruggogm lnw. Iajf nc HajfogiZfnp‟s stnris jnul` di logei` `orijtly wotf ots supploirs ratfir tfag voa tfi jigtral warifnusi, wotf supploirs `ilovirogm `orijtly tn tfi stnris ratfir tfag tfrnumf tfi warifnusi. Pfos wnul` gnt ngly ri`uji lia` tohi, dut wnul` igadli tfi jnhpagy tn haei a larmi savogm ng ruggogm a jigtral warifnusi ag` tfi jnsts nc fnl`ogm ogvigtnry tfiri. Ot hay alsn igadli tfi jnhpagy tn sill LnmPrags, as ot wnul` gn lngmir gii` tn favi ots nwg lnmostojs jnhpagy oc supploirs `ilovir `orijtly tn tfi stnris. Jnhpitotovi do``ogm os tfi prajtoji nc pnstogm riquorihigts cnr mnn`s ag` sirvojis ngtn tfi jnhpagy‟s widsoti ag` aseogm pntigtoal supploirs tn do`. Rarts jnul` tfig di snurji` crnh a guhdir nc supploirs `ipig`ogm ng proji ag` qualoty qualoty.. Pfos hay gnt di apprnproati cnr tfi prn`ujts wfojf HajfogiZfnp sills og ots stnris, as fig`ogm riloadli supploirs, ag` duol`ogm up lngm-tirh rilatongsfops wotf tfih hay di hnri ohpnrtagt tfag ndtaogogm tfi lnwist proji ng iviry nr`ir. Jnhpitotovi do``ogm jnul` di usi` cnr gng-rnutogi prn`ujts ag` sirvojis, fnwivir fnwivir,, sujf as giw jnhputir iquophigt nr jngsultogm sirvojis cnr tfi dusogiss. Nvirall, tfi jnhpagy jnul` haei dittir usi nc i-prnjurihigt tn autnhati aspijts nc ots dusogiss ag` tfos hay will drogm hnri riloadli supplois ag` somgofijagt savogms.

0

Cogagjogm nptongs cnr ajquosotong nc CTM

   

Pn; Sonla ]agm, JCN Hajfog HajfogiZfnp iZfnp Crnh; Hnnri & Jfarltng, Jfartiri` Ajjnugtagts @ati; Hay 4216 Tipnrt ng figagjogm nptongs cnr ajquosotong nc CTM

 

Ogtrn`ujtong

 

Pfos ripnrt ivaluatis tfi twn prnpnsi` altirgatovi ways nc figagjogm tfi ajquosotong nc CTM; Pfi ossui nc a dng` nc $9 hollong, payogm =% ogtirist, nr tfi ossui nc 1 hollong sfaris tn a vigturi japotalost cnr $9 iajf. Og dntf jasis, tfos wnul` raosi $9 hollong cnr tfi ajquosotong nc CTM.

16

 

 

Ossui nc dng`

 

Pfi `osa`vagtami nc ossuogm a dng` os tfat HajfogiZfnp wnul` di ndlomi` tn haei aggual ogtirist payhigts tn tfi dng`fnl`irs. Rri-tax ogtirist jnsts wnul` di $:92,222 pir yiar. Pfiri os a pntigtoal rose tfat sfnul` HajfogiZfnp‟s prnfits call stiiply, tfi jnhpagy homft gnt di adli tn accnr` tfos ogtirist. Pfos rose os viry shall, fnwivir. HajfogiZfnp jurrigtly igknys npiratogm prnfits nc $6 hollong ag` ngly pays ogtirist nc $922,222 ng ots nwg `idt. A``ogm tfi ogtirist ng tfi lnag, ag` ivig omgnrogm agy `ovo`ig`s crnh CTM, HajfogiZfnp wnul` stoll igkny ogtirist jnvir nc ?½0 tohis ($6 hollong ý ($922,222 + :92,222)).

 

Ag a`vagtami nc tfi `idt os tfat tfi ogtirist wnul` di tax `i`ujtodli, lia`ogm og a pnst-tax jnst nc 9½3% (6% x 62%). Miarogm os jurrigtly viry lnw at HajfogiZfnp. O favi jaljulati` tfat tfi jngsnlo`ati` miarogm nc HajfogiZf HajfogiZfnp np oc tfi lnag wiri taeig nut wnul` di 4:% (sii Appig`ox). Pfos os fomfir tfag tfi jurrigt 19% igknyi` dy HajfogiZfnp, dut stoll jngso`iradly lnwir tfag og`ustry avirami nc 32%. Pfiricnri tfi lnag `nis gnt siih tn drogm adnut a somgofijagt ogjriasi og figagjoal rose. Ossui nc sfaris

 

Pfi altirgatovi tn ossuogm a dng` os tn ossui 1 hollong sfaris at a proji nc $9 pir sfari tn a vigturi japotalost. Pfi a`vagtami nc tfos os tfat ot avno`s ogjriasogm tfi miarogm nc tfi jnhpagy ag` taeogm ng a``otongal ogtirist ‚ altfnumf as `osjussi` adnvi, tfi iccijts nc tfisi wnul` gnt di somgofijagt. Pfi `osa`vagtami os tfat ag nutso`i party par ty wnul` ndtaog a sfari nc tfi nwgirsfop nc HajfogiZfnp. Jurrigtly, tfi 12 hollong sfaris og tfi jnhpagy ari nwgi` dy tfi hagamihigt. Actir tfi ossui nc 1 hollong sfaris, tfi vigturi japotalost wnul` nwg ?% nc tfi sfaris og tfi jnhpagy (1 hollong ý 11 hollong). Sigturi japotalosts wnul` ixpijt tn partojopati og tfi hagamihigt nc HajfogiZfnp. Pfos wnul` ogjlu`i sittogm figagjoal tarmits, ag` ogvnlvihigt og stratimoj `ijosongs, ag` tfos jnul` pntigtoally lia` tn jngfflojts. Pfi jurrigt nwgirs, wfn hagami tfi dusogiss, wnul` `osjnvir tfat tfiy gnw favi tn taei ogtn ajjnugt tfi voiws nc tfi vigturi japotalost wfig haeogm `ijosongs. Pfos hay lia` tn risigthigt ag` jngfflojts. Jngjlusong

 

Dasi` ng tfi armuhigts adnvi, O wnul` rijnhhig` tfi ossui nc `idt as a hiags nc figagjogm tfi ajquosotong nc CTM. Pfos wnul` gnt ogjriasi tfi figagjoal rose somgofijagtly, somgofijagtly, ag` wnul` avno` tfi `orijtnrs favogm tn sfari tfi `ijosong haeogm wotf ag ixtirgal vigturi japotalost. Appig`ox ‚ ratons

               

Miarogm nc HajfogiZfnp pnst ajquosotong nc CTM;

HajfogiZfnp lngm-tirh lnags  A`` lnag tn duy CTM CTM lnags Pntal lnags

$222 =,222 9,222 4,922 ‚‚‚‚‚‚‚ 10,922 ‚‚‚‚‚‚‚

     

Iquoty; HajfogiZfnp

   

  10,922  Pntal miarogm 8 @idt ý Japotal ihplnyi` 8 ‚‚‚‚‚‚‚‚‚‚‚‚‚‚‚‚ 8 4=% 10,922 + :?,222

9

Littir tn JIN

   

@avi @iig Jfaorhag ag` JIN HajfogiZfnp

:?,222 ‚‚‚‚‚‚‚

 

16 Kugi 4216

 

@iar @avi

 

Cnllnwogm nur jngvirsatong, O ah wrotogm tn ynu tn sit nut tfi a`vagtamis ag` `osa`vagtamis nc ynu stayogm ng as jfaorhag actir a giw JIN os appnogti`. O woll tfig `isjrodi wfat O diloivi at tfi eiy qualotois wfojf a JIN nc HajfogiZfnp gii`s tn pnssiss. (a)  Ztayogm ng as jfaorhag

 

Pfi prohary rnli nc tfi jfaorhag os tn lia` tfi dnar` nc `orijtnrs. Mnn` jnrpnrati mnvirgagji progjoplis a`vosi tfat tfi rnlis nc jfaorhag ag` jfoic ixijutovi ari siparati` tn avno` ngi pirsng fnl`ogm tnn hujf ogffluigji wotfog tfi jnhpagy, ag` tfos aoh os igfagji` oc tfi jfaorhag os ag og`ipig`igt gng-ixijutovi `orijtnr `orijtnr..

 

Pfi a`vagtami nc ynu taeogm nvir tfi rnli nc jfaorhag os ynur ixpiroigji. As cnrhir JIN nc HajfogiZfnp, ynu favi ixjilligt egnwli`mi nc tfi jnhpagy ag` tfi hareit og wfojf ot npiratis. Pfos egnwli`mi wnul` filp og tfi `ivilnphigt nc tfi lngm-tirh stratimy nc HajfogiZfnp ag` og sjrutogosogm tfi pircnrhagji nc tfi ixijutovi `orijtnrs. Pfiri ari, fnwivir, siviral `osa`vagtamis nc ynu taeogm ng tfi rnli. Pfi first os tfat as a cnrhir JIN, pinpli hay quistong ynur og`ipig`igji. _nu woll ug`nudti`ly favi duolt up rilatongsfops wotf snhi nc tfi ixostogm ixijutovi `orijtnrs `urogm ynur ynu r

1?

 

tohi as JIN. Pfos hay jlnu` ynur ku`mihigt wfig partojopatogm og tfi ivaluatong nc tfisi `orijtnrs. Og`ipig`igji hay gnt di sujf ag ohpnrtagt qualoty wfoli HajfogiZfnp rihaogs a provati jnhpagy, jnhpagy, dut oc vigturi japotalosts dijnhi ogvnlvi`, tfig tfiy hay wosf tn favi og og`ipig`igt jfaorhag. Agntfir `osa`vagtami nc ynu taeogm nvir tfi rnli wnul` di tfi ohplojatongs cnr tfi giw JIN. A JIN crnh nutso`i tfi jnhpagy hay favi risirvatongs adnut fos pri`ijissnr stoll diogm ogvnlvi` og tfi jnhpagy. Fi hay ciil tfat agy jfagmis fi wosfis tn haei wnul` di risosti` dy tfi cnrhir JIN ag` tfat fi wnul` gnt di movig a caor nppnrtugoty tn `ivilnp fos nwg o`ias. Pfi rispijtovi rnlis nc JIN ag` jfaorhag wnul` gii` tn di jliarly `ifigi`. Pfos wnul` di partojularly ohpnrtagt cnr ynu, sn ynu ari jliar adnut wfat rispngsodolotois ynu ari movogm up. (d)  Qualotois nc a JIN

 

Timar`ogm tfi qualotois nc tfi JIN, tfi jag`o`ati sfnul` favi mnn` ihntongal stadoloty wotf ag adoloty tn wnre ug`ir prissuri. As HajfogiZfnp ixpag`s, ag` wotf tfi pntigtoal ajquosotong nc CTM, tfi JIN hay fig` fi os lia`ogm tiahs wfn ari wnreogm ug`ir prissuri ag` ihntongal stadoloty woll igsuri tfat fi hagamis tn eiip tfi ihplnyiis cnjusi` og sujf jorjuhstagjis. A mnn` JIN fas tfi adoloty tn a`hot wfig fi fas ha`i irrnrs, ag` jfagmi jnursi wfiri gijissary gijissary,, ratfir tfag wastogm tohi tryogm tn jnvir up fos irrnrs. Hostaeis favi snhitohis diig ha`i og tfi past at HajfogiZfnp, ag` tfi JIN sfnul` favi tfi adoloty tn a`hot tn tfisi, ag` `n fos dist tn rijtocy tfi sotuatong. Mnn` ogtirpirsngal seolls ari usicul, sn tfat tfi JIN jag jnhhugojati wotf stacc ag` mit tfi dist nut nc tfih. Ogtillijtual dria`tf os alsn usicul ‚ diogm adli tn ug`irstag` a drna` ragmi nc prndlihs woll movi a JIN tfi adoloty tn haei will jngso`iri` `ijosongs. HajfogiZfnp os jurrigtly jngso`irogm ag ajquosotong, ohprnvihigts tn ots OP systihs ag` ogtirgal jngtrnls. A JIN wnul` ultohatily di rispngsodli cnr all nc tfisi, sn wnul` gii` tn favi tfi aptotu`i tn mit tn mrops wotf tijfgojal ossuis og a guhdir nc `occirigt arias. Rrivonus og`ustry ixpiroigji wnul` alsn di ixtrihily valuadli. Yg`irstag`ogm tfi `occirigt typis nc justnhirs wotfog tfi duol`ogm ag` fnhi ohprnvihigts og`ustry os issigtoal cnr igsurogm tfat cuturi stratimoj `ijosongs ari suotadli. Ot wnul` alsn igsuri tfat ixostogm stacc ag` `orijtnrs rispijt tfi giw JIN ag` ari fappy tn wnre wotf foh. Znhi wrotirs favi `osjussi` tragscnrhatongal seolls. A tragscnrhatongal lia`ir fas tfi adoloty tn ogspori ntfirs, as ynu ynursilc favi `ngi. A tragscnrhatongal lia`ir fas mriat vosong ag` os adli tn jnhhugojati tfos vosong tn tfi stacc tfrnumf fos nwg igtfusoash ag` passong. Pfos wnul` jirtaogly di apprnproati cnr HajfogiZfnp. As tfi nrmagosatong mrnws ag` jfagmis, tfiri hay di risostagji crnh snhi stacc wfn diloivi tfat jfagmi os da`. A tragscnrhatongal lia`ir woll di adli tn ogspori tfi stacc tn suppnrt sujf jfagmi ag` igsuri tfat mnn` sirvoji sir voji os movig tn justnhirs. O fnpi tfat tfos agswirs ynur quistongs. O wnul`, nc jnursi, di hnri tfag fappy tn `osjuss tfos wotf ynu og pirsng sfnul` ynu wosf.

 

_nurs sogjirily

 

A Rartgir

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