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The major findings include:(1) By using fuel as the base indicator of relative efficiency, we found the following input factors' distribution inefficiency for domestic airlines: The distribution inefficiency of labor and capital input factors differs from airline to airline, and is becoming more severe with time; the distribution inefficiency of other factors does not differ very much among airlines but varies with time. It is inefficient from 1989 to 1995 but becomes more efficient during 1996 to 1997;(2) Airline companies have higher economies of density before 1996, but tend to show a constant return to density in 1997 when considering allocative distortions. The technical efficiency of input factors as a whole has declined after the open-air policy;(3) The costs of airlines are increasing significantly due to their distribution inefficiencies;(4) The instrument variable generated through a quasi price function does not have significant influence on cost; this may imply that airline companies in this time period did not exhibit the phenomena of high-quality high-price.

其主要结论如下:(1)藉由相对燃油分配效率探讨各投入要素之分配扭曲情形发现:劳动和因定投入要素之分配无效率因公司别而有所不同,且随时间而严重,唯民国86年稍有改善;其他要素之分配无效率则较不因公司别而有所不同,但亦随时间发生变化,初期为无效率,在民国85、86年则较具效率;(2)若考虑分配扭曲情形下,国内航空业在民国85年之前具有较高之密度经济,民国86年则趋向固定密度报酬;此整体投入要素之技术效率而官,在天空开放政策后其技术效率随时间变化而下降,但就燃油投入要素平均技术进步率而言,则其技术效率逐年增加且幅度明显;(3)航空公司因分配无效率所造成成本增加的情形相当明显;(4)准价格工具变数对成本之影响并不明显,此可能反映在此期间国内航空公司似乎并未趋向於高品质高价格之现象。

Consolidation means the combination of two or more constituent companies into a new consolidated company and the vesting of the undertaking, property and liabilities of the constituent companies in the consolidated company.

整合指两家或以上的成员公司结合成为一家新的整合公司,而各成员公司的业务、财产和负债皆归属该整合公司。

Merger means the merging of two or more constituent companies into a sole remaining constituent company and the vesting of the assets and liabilities of the constituent companies in the surviving company.

合并指两家或以上的成员公司进行合并,成为唯一余下的成员公司,而各成员公司的资产和负债皆归属该留存公司。

For those establishing the investment companies in the name of the constituent company exclusively owned by them, the parent company shall submit a letter of guaranty to the approving authority, guaranteeing that the constituent company shall complete the contribution to the registered capital of the investment company, and guaranteeing the contribution to the registered capital and the transfer of the technology owned by the parent company or its branch companies when the investment company is established within the territory of China.

以全资拥有的子公司的名义投资设立投资性公司的,其母公司须向审批机关出具保证函,保证其子公司按照审批机关批准的条件完成对所设立的投资性公司的注册资本的缴付,并保证该投资性公司在中国境内投资时的注册资本的缴付和属于该母公司及其所属公司的技术转让。

The essential difference between a merger and a consolidation is that a merger results in one of the constituent companies being the surviving company as the other constituent company is merged into it whereas a consolidation results in a new consolidated company distinct from either of the constituent companies.

合并与整合的主要区别在于,合并需要其中一个成员公司作为留存公司,而另一个成员公司则并入;整合则需要成立一家新的公司,与其中的任何一个成员公司有所区别的整合公司。

Mr. Chan Heng Wing, Consul-General of the Republic of Singapore to Shanghai. He falls over himself for promoting investment commerce between China and Singapore. He said that there had been 106 Chinese-background companies listed on Singapore Exchange Limited up to October 2006. More Chinese companies are ready to list in Singapore because there is joint track place of Southeast Asia and international capital market.

陈庆荣先生,新加坡驻上海总领事,他是热衷于推进中国与新加坡两国之间投资贸易事业,他说,截止2006 年10 月,中国背景的企业在新加坡交易所上市已达106 家,还有更多的中国企业正准备登陆新加坡,因为那里是东南亚与国际资本市场的接轨地点。

Xunjie Group as the western region's largest collection of modern mobile telecommunications terminal products wholesale, retail and integrated communications services for enterprises, to get involved in IT, management consulting, corporate training, office digital, value-added services and other industries, always adhere to the "integrity, responsibility, cooperation And the development of "business purpose, rely on accurate market positioning and innovative business strategy, after more than a decade unremitting efforts and struggle, has now developed into a staff of more than 1,000 people, more than 20 months of subordinate companies across the business The western provinces and municipalities, with annual sales income of 100 million yuan dozens of large groups of companies, has attracted the attention of the industry.

讯捷集团作为西部地区最大的集现代移动通讯终端产品批发、零售及服务为一体的通讯企业,涉足IT、咨询管理、企业培训、办公数码、增值服务等行业,始终坚持"诚信、责任、协作、发展"的经营宗旨,依靠准确的市场定位和不断创新的经营策略,历经十数年不懈的努力与奋斗,现已发展成为拥有员工数千余人,下属二十余个分子公司、业务横跨西部各省市、年销售收入数十亿元人民币的大型集团化公司,为业界所瞩目。

Ac cording to a recent study, a majority of companies expected to make new hires in the coming year, while fewer companies expected to lay off employees.

根据 最近的一项研究,大部分公司准备在来年雇佣新员工,而更少的公司准备裁员。

Yintai investors who have acquired real estate development and management, financial and securities industry, investment and management, large-scale commercial operation of the three core department store business, its stake in listed companies such as Yintai, securities companies have Tianyi Securities, There are built in various parts of the Yintai chain department stores, as well as Yintai Sanya Resort Intime hotel and Zhejiang, Ningbo Yintai, Shenyang Yintai, Yintai home, such雍和家园to real estate-oriented integrated enterprise.

银泰投资谁获得了房地产开发和管理,金融和证券业,投资和管理,大规模的商业运作的三个核心百货店业务,其股份的上市公司,如银泰,天一证券公司证券公司,有建于各个部分银泰连锁百货公司,以及三亚银泰度假酒店和浙江银泰,宁波银泰,沉阳银泰,银泰主页,如雍和家园以房地产为导向的综合性企业。

Rather, this almost 600% increase has been achieved through large gains in National Indemnity's traditional liability areas plus the starting of new companies (Cornhusker Casualty Company in 1970, Lakeland Fire and Casualty Company in 1971, Texas United Insurance Company in 1972, The Insurance Company of Iowa in 1973, and Kansas Fire and Casualty Company in late 1977), the purchase for cash of other insurance companies (Home and Automobile Insurance Company in 1971, Kerkling Reinsurance Corporation, now named Central Fire and Casualty Company, in 1976, and Cypress Insurance Company at yearend 1977), and finally through the marketing of additional products, most significantly reinsurance, within the National Indemnity Company corporate structure.

相反地,这600%的成长几乎都是来自于国家产险本身的传统业务的稳定成长再加上新创立的公司(包含1970年的 Cornhusker 产险、1971年的 Lakeland 火险、1972年的德州联合保险、1973年的爱荷华保险及1977年的堪萨斯火险公司等),以购并方式买下的(1971年的家庭与汽车保险、1976年现已更名为中央火险的 Kerkling 再保险以及1977年的赛普路斯保险公司),以及最后透过行销新业务-主要以国家保险名下进行的再保险业务所得。

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They weren't aggressive, but I yelled and threw a rock in their direction to get them off the trail and away from me, just in case.

他们没有侵略性,但我大喊,并在他们的方向扔石头让他们过的线索,远离我,以防万一。

In slot 2 in your bag put wrapping paper, quantity does not matter in this case.

在你的书包里槽2把包装纸、数量无关紧要。

Store this product in a sealed, lightproof, dry and cool place.

密封,遮光,置阴凉干燥处。