WHEN A FIRM IS IN TROUBLE. Sometimes firms are in trouble

Sometimes firms are in trouble. It is necessary to pay attention to the following symptoms in order to save a firm:

1. There is no real plan for the future. The company is simply reacting to events as they occur. For example, the company depends entirely on one supplier and has not found an alternative supplier in case the first one is closed or goes bankrupt.

2. There is a chronic shortage of working capital. Payments to suppliers are often delayed.

3. Employee' morale is low.

4. Profits are low or non-existent because sales are weak or costs are higher than expected.

5. There is a lack of timely and adequate management infor­mation; intra-company communications are poor.

6. Orders from major customers are lost and no effort is made to find or correct the cause.

7. Executives work overtime but never catch up with their workload. Foremen have so many petty day-to-day problems that they have no time to plan better working procedures.

8. Pricing is done by guess work instead of by good cost ac­counting.

9. There is far more wastes left after production than in other plants with similar operations.

10. There is too much reworking of products as a result of poor work along the assembly line.

36. a)The company depends on many suppliers;

b) The company depends on one supplier;

c) The company does not need any supplier;

37. a) There is a chronic shortage of employees;

b) There is a chronic shortage of managers;

c) There is a chronic shortage of working capital.

38. a) Orders from major customs are numerous;

b) Orders from major customs are lost;

c) Orders from major customs are discussed.

39. a) Pricing is done by guesswork;

b) Pricing is done by good cost accounting;

c) Pricing is not done at all.

40. a) The profits are low because products are bad;

b) The profits are low because of corruption;

c) The profits are low because costs are higher than expected.

Проверьте свои ответы по ключам.

1 f; 2 a; 3 d; 4 e; 5 c; 6 b; 7 g; 8 b; 9 c; 10 b; 11 – 19: 1) – b; c; f; h; i; 2) – d; g; 3) - a; e;

20. talented individual;

21. qualified lawyer;

22. interested applicants;

23. Individuals must demonstrate…;

24. Applicants must be…;

25. Applicants should write…;

26 a; 27 b; 28 c; 29 c; 30 c; 31 b; 32 a; 33 b; 34 c; 35 a;

36 b; 37 c; 38 b; 39 a; 40c.

“5” – 36 – 40 правильных ответов;

“4” - 32 – 35 правильных ответов;

“3” – 28 – 31 правильный ответ;

Менее 28 правильных ответов – “2”.

Дата добавления: 2015-08-27