问答题Practice 6 The financial crisis presents an opportunity for China to seize the leadership baton for globalization and become its centre for goods, services and capital, while catalyzing a new China boom that could last a decade or longer. That boom co
题目
问答题
Practice 6 The financial crisis presents an opportunity for China to seize the leadership baton for globalization and become its centre for goods, services and capital, while catalyzing a new China boom that could last a decade or longer. That boom could turn China into the world’s largest economy—and a developed country—within two decades. The global economy has run like a motorcycle, with American consumption as one wheel and China’s savings as the other, with everyone else piled up on top. The sustainability of this world depended on foreigners believing in the Wall Street debt instruments that paid for America’s imports while keeping inflation at bay. Inflation came three years ago with surging oil prices. The tightening that accompanied it burst the US property bubble in 2006. It took another year for the subprime market, and still another for financial derivatives, to blow up. The resulting crisis has destroyed Wall Street’s credibility. The motorcycle economy has fallen over. The global financial crisis is casting a shadow over globalization. Developed economies may resort to protectionism to keep jobs at home, leading to a vicious cycle of recession and more protectionism. China is in a position to carry the baton for globalization.
相似考题
参考答案和解析
正确答案：
【参考译文】
金融危机赠予中国一个执全球化发展牛耳的机会,这有可能使中国成为全球化过程中商品、服务和资本的中心,与此同时它也会促成中国新一轮的有可能长达十年甚至更久的繁荣。该轮繁荣有可能使中国在二十年内成为世界上最大的经济体,同时发展成为发达国家。
世界经济的运行恰如一辆汽车,一个车轮是美国的消费,另一个车轮是中国的储蓄,这两个轮子承载着世界经济。这种世界经济的发展模式取决于外国人对为美国进口买单的华尔街债务工具的信心,同时通胀得到有效控制。随着3年前石油价格的飙升,通胀时代到来。随之而来的紧张局面在2006年捅破了美国的房产泡沫。一年之后,次债市场轰然倒塌,又是一年,金融衍生品市场崩溃。这场危机摧毁了华尔街的信誉。承载世界经济的汽车产业也已寿终正寝。
全球金融危机给全球化蒙上了一层阴影。发达国家为了保留国内的工作机会,可能求助于贸易保护主义,这会使全球经济进入衰退的恶性循环和更多的保护主义。中国处于掌控全球化进程船舵的有利位置。
金融危机赠予中国一个执全球化发展牛耳的机会,这有可能使中国成为全球化过程中商品、服务和资本的中心,与此同时它也会促成中国新一轮的有可能长达十年甚至更久的繁荣。该轮繁荣有可能使中国在二十年内成为世界上最大的经济体,同时发展成为发达国家。
世界经济的运行恰如一辆汽车,一个车轮是美国的消费,另一个车轮是中国的储蓄,这两个轮子承载着世界经济。这种世界经济的发展模式取决于外国人对为美国进口买单的华尔街债务工具的信心,同时通胀得到有效控制。随着3年前石油价格的飙升,通胀时代到来。随之而来的紧张局面在2006年捅破了美国的房产泡沫。一年之后,次债市场轰然倒塌,又是一年,金融衍生品市场崩溃。这场危机摧毁了华尔街的信誉。承载世界经济的汽车产业也已寿终正寝。
全球金融危机给全球化蒙上了一层阴影。发达国家为了保留国内的工作机会,可能求助于贸易保护主义,这会使全球经济进入衰退的恶性循环和更多的保护主义。中国处于掌控全球化进程船舵的有利位置。
解析：
暂无解析
更多“Practice 6 The financial crisis presents an opportunity for”相关问题
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第1题：
4 The transition to International Financial Reporting Standards (IFRSs) involves major change for companies as IFRSs
introduce significant changes in accounting practices that were often not required by national generally accepted
accounting practice. It is important that the interpretation and application of IFRSs is consistent from country to
country. IFRSs are partly based on rules, and partly on principles and management’s judgement. Judgement is more
likely to be better used when it is based on experience of IFRSs within a sound financial reporting infrastructure. It is
hoped that national differences in accounting will be eliminated and financial statements will be consistent and
comparable worldwide.
Required:
(a) Discuss how the changes in accounting practices on transition to IFRSs and choice in the application of
individual IFRSs could lead to inconsistency between the financial statements of companies. (17 marks)
正确答案：
(a) The transition to International Financial Reporting Standards (IFRS) involves major change for companies as IFRS introduces
significant changes in accounting practices that often were not required by national GAAPs. For example financial instruments
and share-based payment plans in many instances have appeared on the statements of financial position of companies for
the first time. As a result IFRS financial statements are often significantly more complex than financial statements based on
national GAAP. This complexity is caused by the more extensive recognition and measurement rules in IFRS and a greater
number of disclosure requirements. Because of this complexity, it can be difficult for users of financial statements which have
been produced using IFRS to understand and interpret them, and thus can lead to inconsistency of interpretation of those
financial statements.
The form. and presentation of financial statements is dealt with by IAS1 ‘Presentation of Financial Statements’. This standard
sets out alternative forms or presentations of financial statements. Additionally local legislation often requires supplementary
information to be disclosed in financial statements, and best practice as to the form. or presentation of financial statements
has yet to emerge internationally. As a result companies moving to IFRS have tended to adopt IFRS in a way which minimises
the change in the form. of financial reporting that was applied under national GAAP. For example UK companies have tended
to present a statement of recognised income and expense, and a separate statement of changes in equity whilst French
companies tend to present a single statement of changes in equity.
It is possible to interpret standards in different ways and in some standards there is insufficient guidance. For example there
are different acceptable methods of classifying financial assets under IAS39 ‘Financial Instruments: Recognition and
Measurement’ in the statement of financial position as at fair value through profit or loss (subject to certain conditions) or
available for sale.
IFRSs are not based on a consistent set of principles, and there are conceptual inconsistencies within and between standards.
Certain standards allow alternative accounting treatments, and this is a further source of inconsistency amongst financial
statements. IAS31 ‘Interests in Joint Ventures’ allows interests in jointly controlled entities to be accounted for using the equity
method or proportionate consolidation. Companies may tend to use the method which was used under national GAAP.
Another example of choice in accounting methods under IFRS is IAS16 ‘Property, Plant and equipment’ where the cost or
revaluation model can be used for a class of property, plant and equipment. Also there is very little industry related accounting
guidance in IFRS. As a result judgement plays an important role in the selection of accounting policies. In certain specific
areas this can lead to a degree of inconsistency and lack of comparability.
IFRS1, ‘First time Adoption of International Financial Reporting Standards’, allows companies to use a number of exemptions
from the requirements of IFRS. These exemptions can affect financial statements for several years. For example, companies
can elect to recognise all cumulative actuarial gains and losses relating to post-employment benefits at the date of transition
to IFRS but use the ‘corridor’ approach thereafter. Thus the effect of being able to use a ‘one off write off’ of any actuarial
losses could benefit future financial statements significantly, and affect comparability. Additionally after utilising the above
exemption, companies can elect to recognise subsequent gains and losses outside profit or loss in ‘other comprehensive
income’ in the period in which they occur and not use the ‘corridor’ approach thus affecting comparability further.
Additionally IAS18 ‘Revenue’ allows variations in the way revenue is recognised. There is no specific guidance in IFRS on
revenue arrangements with multiple deliverables. Transactions have to be analysed in accordance with their economic
substance but there is often no more guidance than this in IFRS. The identification of the functional currency under IAS21,
‘The effects of changes in foreign exchange rates’, can be subjective. For example the functional currency can be determined
by the currency in which the commodities that a company produces are commonly traded, or the currency which influences
its operating costs, and both can be different.
Another source of inconsistency is the adoption of new standards and interpretations earlier than the due date of application
of the standard. With the IASB currently preparing to issue standards with an adoption date of 1 January 2009, early adoption
or lack of it could affect comparability although IAS8 ‘Accounting Policies, Changes in Accounting Estimates and Errors’
requires a company to disclose the possible impact of a new standard on its initial application. Many companies make very
little reference to the future impact of new standards. -
第2题：
听力原文：If a statement that presents a summary of the revenues and expenses of a business unit for a specific period, what is it called?
(3)
A．the income statement
B．the balance sheet
C．the financial statement
D．the statement of cash flow
正确答案：A
解析：单句问的是“在一特定日期总结一家事业单位收益和亏损的报表是什么报表”，根据所学知识，这应是指损益表。 -
第3题：
听力原文：The primary objective of financial reporting is to provide information useful for making investment and lending decisions.
(6)
A．The financial reporting is to provide information for the investors and lenders only.
B．The main aim of financial reporting is to offer information useful for decision-making.
C．Investment and lending decisions can be made from the financial reporting.
D．Investment and lending decisions can not be made from the financial reporting.
正确答案：B
解析：录音单句意思为“财务报告的主要目标是为投资者和贷款者做决定提供有用信息”。 -
第4题：
The two most common specialized fields of accounting in practice are().A.managerial accounting and financial accounting
B.managerial accounting and environmental accounting
C.forensic accounting and financial accounting
D.financial accounting and tax accounting systems
正确答案：A
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第5题：
It is not immediately clear _______ the financial crisis will soon be over.
A. since B. what C. when D. whether
正确答案：D
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第6题：
In PPP method classes or sequences, the teacher presents the context and situation for the language, and both explains and demonstrates the meaning and form of the new language． The students then practice making sentences before going on to another stage in which they talk or write more freely． PPP stands for except__________．A.Presentation
B.Procedures
C.Production
D.Practice答案：B解析：考查3P教学法。题目问的是：PPP教学模式是教师先通过语境呈现并讲解语言点，后让学生经过反复、大量的操练后再达到自由运用表达的程度。PPP教学模式是什么 PPP教学模式是“讲解(presentation)、操练(practice)、运用(production)”这一沿用已久的传统教学模式。在这种“标准”下，中国英语语法教学大体表现为以教师为中心、采取灌输教学法、运用题海战术。我们可以排除B选项。 -
第7题：
There's been a steady drumbeat of warmings about a surge in risky corporate borrowing-but not much clarity serious the threat is. At issue is the more than S1 million market in leveraged loans. That's Wall Street jargon for loans to business with less than rook-solid finances, Federal Reserve and European Central Hank officials have drawn to the rise in corporate debt and the deterioration or lending standards. The loans are often bundled into securities ollateralized loan obligations (CLOs).
Most of the watchdogs are carceful to say a repeat of the 2007-2008 crisis is unlikely because most of the debt banks. But that creates another problem Regulators focused on banks are largely in the dark when it comes to where the risks he and how they might ripple through the financial system when the economy turns down. A big over-indebted businesses could face severe stress and, in some cases, insolvency, threatening jobs and deepen downturn.
The mechanics of the leveraged loan market will be familiar to students of the housing crisis.
With interesting investors are willing to take greater risks to get higher yields. That makes lots of money available for lending. we makes it easier for less creditworthy companies to borrow .Rather than keep the risky loans on their books, lender them to asset managers that package them into securities -C1Ds-that are sold to investors such as insurers and hedge funds.
Yields on the riskicst portions of CLOs can approach 9% a year. And the growth of leveraged lending has been post crisis bank regulations that helped the rise or shadow lenders financial companics that aren't regulated like market for levcraged loans has more than doubled since 2012.
The risk taking could get worse: With demand by borrowers for levcraged loans declining this year, those still financing have been able to extract looser learns.
About 85% of leveraged loans are held by nonbanks, according to Wells Fargo rescarch.
But banks may play a larger robe than may assumc, according to Gaurav V asisht, drector for financial regulation at the Volcker Alliance, a good-governance group, Banks are involved in all stages of the process. They underwrite loans, sell them to the CLOs, invest in those securities, and then hedge those risks in the market.“One common narrative is that banks don't have much risk or aren't exposed 1o it. Vasisht said at the hearing, "Banks are exposed to it."
Just beeause banks are safer doesn't necessarily mean the financial system is, says Karen Petron, managing partner at Federal Financial Analytics, a regulatory- analysis firm. Debt investors might not be as resilient in a crisis, and their problems could create shock waves. "Banking regulators are being a htte myopic when they 're looking only at the banking system for systemic risk," she says.- Sally Bakewell and Thomas Beardsworth.
According to the article, which of the following statements is true?( d )A. The mechanics of leveraged loans are different from that of housing crisis.
B. regulators admit that the financial crisis in 2008 might repeat.
C. shadow lenders will be regulated.
D. banks are not immune from the risks of corporate debt.答案：D解析：文章第三段提到它与住房贷款危机极为相似，第二段开头指出多数监管机构表示，由于大多数债务银行的存在，不太可能重演2007-2008年的危机，第四段最后部分指出该法规帮助那些影子贷方自2012年以来增长了一倍以上，因此排除ABC。文章倒数第二段中提到，有说法认为银行并未存在风险，但其实不然，所以答案选D，银行也并不能免疫。 -
第8题：
A.the art market had witnessed a succession of victories
B.the auctioneer finally got the two pieces at the highest bids
C.Beautiful Inside My Head Forever won over all masterpieces
D.it was successfully made just before the world financial crisis答案：D解析：根据前文可知，这次拍卖会上，达米安·赫斯特的56件作品成功出售，所有作品中只有两件没有售出，销售额超过7 000万英镑，创造了单人艺术家的拍卖纪录。这是最后的一场胜利，最后一句话解释了其中的原因：在达米安·赫斯特的作品大卖的同时，雷曼兄弟的破产标志着世界经济开始走向衰退，所以作者将达米安·赫斯特作品的成功拍卖比作是艺术品市场交易的“最后胜利”，因此D项这次交易是在世界金融危机开始前完成的为正确答案。故本题选D。参考译文：2008年9月15日，伦敦苏富比拍卖行为达米安·赫斯特的56幅作品举办了以《美丽永驻我心》为主题的拍卖会。这一戏剧性的拍卖宣告了艺术品市场百年以来最长牛市的终结。所有作品中只有两件没有售出，总销售额超过7 000万英镑，创造了单人艺术家的拍卖纪录。这是最后的胜利。因为就在拍卖师喊出报价时，纽约华尔街上历史最悠久的银行之一雷曼兄弟正申请破产。 -
第9题：
单选题Which of the following statements presents the strongest conclusionthat one could draw based on the information given in the passage?AThe collapse of the Internet stock “bubble” drove thousands of investors into bankruptcy.
BPeople involved with the Internet do not all agree on which party bears the most responsibility forthe collapse of the Internet stock “bubble.”
COf all parties involved with the Internet, financial professionals such as investment bankers and fund managers derived the most profts from the stock “bubble.”
DThe Internet stock “bubble” could not have occurred if entrepreneurs had been honest about the true financial prospects of their companies.
EThe average investor has no one to blame but himself or herself if he or she invested in an Internet stock without adequately understanding the true financial prospects of the companies in question.
正确答案： B解析：
推断题。文中介绍了不同领域的专家对于科技股的崩盘作出的解释，可见与科技股相关的人事对于其崩盘的原因未达成一致，故本题应选B项。 -
第10题：
问答题Practice 6 发言致辞正确答案： 【参考译文】
今天,我打算谈谈大学在21世纪的作用。我所要谈的不是一个,而是数个大学今后将发挥的重要作用。//
第一,大学在帮助开展大这预科教育中将发挥更大的作用,为学生进一步学习和工作作准备。//
第二,与公司、行业合作将是大学事务中的很大一部分。这种合作,特别对研究性大学来说,在下个世纪将进一步扩大。//
最后,由于全球范围的便捷通讯、更多的贸易机会和跨国公司的发展,大学将发挥世界作用。
【录音原文】
Today, I am going to talk about the role of the university in the 21st century. I have chosen not one, but several different roles which will be important for universities in the future. //
First, the university will take on an even larger role in assisting pre-college educations education in preparing students for study and work. //
Second, partnership with corporations and businesses will become a greater part of university involvement. The next century will see an expansion of partnerships of this type, particularly with research universities. //
Finally, the university will play a world role as a result of convenient communication worldwide, greater opportunities for trade, and the development of multinational corporations.解析： 暂无解析 -
第11题：
单选题What is the root cause of the report?AGlobal financial crisis impact
BWorry of down-graded education level
CPay dispute in 2006
DGovernment investigation
正确答案： A解析：
题目问的是：这篇报道的根本原因是什么？文章的倒数第8段提到“The report from the Joint Negotiating Committee for Higher Education Staff was commissioned after the university lecturers pay dispute of 2006.”显然是因为2006年的费用纠纷。故选C。 -
第12题：
单选题Factors leading to the crisis included poor regulation, mismanagement and deception in the industry, and competition from other types of financial firms.Acheating
Bpollution
Cabuse
Ddepression
正确答案： A解析：
句意：导致这次危机的因素包括监管不力，管理不当，行业欺诈，和来自其他金融公司的竞争。deception意为“欺骗，蒙骗”，由动词deceive派生而来，cheating“欺骗；作弊”之义，该词由动词cheat派生而来，故A项正确。pollution污染。abuse滥用；虐待；辱骂。depression萧条；沮丧。 -
第13题：
The writer sees education as______.
A. a means of providing job security and financial security and a means of meeting a country's demands for technical workers
B. a way to broaden one's horizons
C. more important than finding a job
D. an opportunity that everyone should have
正确答案：A
[解析] A. 提供就业保障和金融安全，寻求国家需要的技术工人；B. 开拓多人视野；C. 比找一份工作更重要；D. 人人都应拥有的机会。显然A与作者的观点一致。
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第14题：
在亚洲的金融风暴当中，对香港的影响在今年已经陆续显现了，尤其是在今年的上半年。 The effect on Hong Kong of the financial crisis in Southeast Asia has begun to be shown, especially in the first half of this year.()
参考答案：正确
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第15题：
Many small businesses _____ due to the financial crisis.
A: fell
B: dropped
C: collapsed
D: slipped
参考答案：C
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第16题：
Because of the financial crisis, days are gone _ _ local 5-star hotels charged 6,000 yuan for one night.
A. if B. when C. which D. since
正确答案：B
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第17题：
According to Lawrence Yun, the future of the house sales will ______.（ ）
[A] remain in the same depressing situation
[B] become worse because of the financial crisis
[C] turn into a good situation in no time
[D] be depressing for a short time and then be better
正确答案：D
全文翻译：现有住房的销售量在九月实现了五年多来的最高增长。但是分析家警告说不要再揣测其中的其他含义，(26)并谈到这反映了金融市场发生最新动荡之前的情况，而这会增加整个经济衰退的可能性。
据全国房地产经纪人协会报道，从八月到九月现有住房的销售增长了5.5%，达到了经季节性调整后按年率计算的518万套——比分析家的萧条预测好很多。在未经调整的基础上，销售量比去年九月高7.8%。
但是虽然销售量在增加，价格却持续下跌。分析家认为，目前导致华尔街20世纪30年代以来最大动荡的金融危机使得消费者信心下降、失业率上升，并在很大程度上增加了这个国家已经处于或者马上进入全面经济衰退的可能性。所有这些因素都会在未来一段时间里加剧对房地产的打击力度。
(27)“十月，抵押申请降至六年来最低，”蒙特利尔银行资本市场的经济学家萨尔·瓜提瑞说，“这意味着，像经济的其他板块一样，房屋销售也因恶化的信贷紧缩而行情暴跌。”
(28)很多分析人士预测：与2006年年中的高峰相比，全国范围内已经下降了18%的房价，还可能要继续下跌10%，由于大量取消抵押品赎回权的房屋被持续不断地抛向市场，这进一步压低了价格。
全国房地产经纪人协会估计，目前35%到40%的房屋出售都是低于市场价的廉价出售——(29)要么是取消抵押品赎回权的房屋，要么是卖空，总之，房屋的拥有者都以低于抵押的价值出售房屋。
低于市场价的廉价出售对于像西部这些曾经红火的销售市场的价格下跌有很大影响：那些市场九月份的销售价格比一年前下跌了18.5%。
(30)全国房地产经纪人协会的首席经济学家劳伦斯-云说，房价暴跌几近见底，希望的曙光在望。他说首先出现在加利福尼亚的房屋销售好转的趋势正开始扩展到包括科罗拉多州、堪萨斯州、明尼苏达州、密苏里州和罗得岛州的本国其他地区。 -
第18题：
Because of the financial crisis, days are gone __________ local 5-star hotels charged 6,000Yuan for one night.A.if
B.when
C.which
D.since答案：B解析：句意为由于金融危机，当地五星级酒店一晚收费6000元的日子不复存在了。when引导的从句做days的定语。 -
第19题：
资料：（四）
Of all the lessons taught by the financial crisis, the most personal has been that we Americans should not be proud of our financial skills. We take out home loans we can't afford. We run up sky-high credit-card debts. We don't save nearly enough for retirement.
In response, supporters of financial-literacy education are raising their voices. School districts in many states are adding money-management courses to their curriculum. The government is encouraging students to compete in the National Financial Capability Challenge. However, there is little evidence that traditional efforts to boost financial know-how help students make better decisions outside the classroom. Even as the financial-literacy movement has gained steam over the past decade, scores have been falling on tests that measure how well students perform in marking financial decisions.
Given the situation, a growing number of researchers and educators agree that a more radical approach is needed. They advocate starting financial education a lot earlier than high school, putting real money and spending decisions into kids′ hands, and encouraging students to talk openly about the emotions and social influences about spending.
Yet even the skeptics are slow to write off financial education completely. "We need to rigorously study the financial decisions of alumni like Ariel and Alex and compare with those too speculative to recommend one education approach over another." says Mike Sheden, a professor at Washington University in St. Louis who is conducting a seven-year study on Whether giving children real bank accounts would result in long-term smart financial decisions. Yes, good, solid research like this takes a lot of time and resources, but it is in our own best interest to pursue it.
What is the passage mainly about?（ ）A.Approach to financial education
B.Americans' financial skills
C.Reform on financial education
D.Lessons of financial crisis答案：A解析：本题考查的是主旨大意。
【关键词】mainly about
【主题句】第4段Yet even the skeptics are slow to write off financial education completely.然而，即便是持怀疑态度的人也迟迟没有完全取消金融教育。Yes, good, solid research like this takes a lot of time and resources, but it is in our own best interest to pursue it.是的，像这样好的、可靠的研究需要大量的时间和资源，但是追求它符合我们自己的最大利益。
【解析】题目意为“文章主要谈论了什么？”A选项意为“金融教育方法”，B选项意为“美国人的金融技能”，C选项意为“金融教育改革”，D选项意为“金融危机的教训”。本题考察主旨大意，需要从全文来理解，第一段提到金融危机使美国人发现自己欠缺金融知识；第二段虽然学校增加了金融课程，不代表能够发挥实效；第三段更激进的做法是更早更真实地开展金融教育；第四段认为金融教育有必要且需要长时间研究。综合全文来看，文章的主旨大意是金融教育的有效途径。A选项正确。 -
第20题：
问答题Practice 4 (The candidate chooses one topic and speaks about it for one minute.) A Motivation: the importance of motivating staff at all levels of a company B Financial Management: how to achieve savings on production costs. C Communication: the factors involved in determining staff access to confidential information.正确答案： 【参考范例】
If you chose A: (two possible answers)
a. It is very important to motivate staff at all levels of a company. The principle of motivation is to make sure that the work is interesting, challenging, and satisfying for the individual worker. To most employees, it is not sufficient to only have material rewards such as pay. So employer must try his best to motivate his staff. We all know that staff members working in high mood, and taking great satisfaction from their work will provide customers with good products and service. Consequently, the customers will be satisfied with the goods and service. To a large extent, business depends on good customer relations. Good customer relation will transfer into retention of a great number of loyal customers. As is known to all, loyal customers will take good care of your business.
b. Like an adage goes, “Nothing happens until someone sells something.”, which emphasizes a very important point to any business or institution, though taken literally it may be misleading or even untrue. As a matter of fact, many activities should happen before “someone sells some- thing”. You will have a lot of things to do, among which is to motivate staff, since you will need staff to do a lot of things, for instance market research, production of inventory, transportation to warehouses, purchasing of raw materials, financing of inventory, promotion and so on. Their good service will provide individual consumer with pleasure, and make them happy. Once you know how to motivate staff, you are certain to succeed.
If you chose B: (three possible answers)
a. The fundamental reason of business failure lies in poor management. It is possible that business difficulties are caused by the poor quality of management that is by internal factors and by factors external to the firm. The poorly operated business will fail, while the well managed will succeed. In order to achieve savings on production costs, there are some things that you need to know, which includes location, excessive competition, and difficulties in respect to receivables and inventory, and inadequate sales. If its management is aware of its environment, alert, resourceful, and flexible, the individual business can adapt to the constant changes in dynamic economy and survive.
b. In order to achieve savings on production costs, market research has to be conducted first and then a strategic plan needs to be made. The development of a sales forecast is significant to the planning of any business. With sales forecast in hand, all the costs of the business can as well be forecast according to knowledge of the way the sales are generated (the market plan). Given the income and costs generated by the sales forecast, then a financial plan can be prepared. Selecting location is also important. When selecting your location, you should make your first marketing decision, which requires your knowledge of three things: your product or service; its users (potential customers), and your competitors.
c. If you want to achieve savings on production costs, you must understand strategic cost management. Today’s business objectives have three aspects: to make profits, to beat competition, and to delight customers. You must accomplish the third so as to achieve the first two objectives. However, traditional cost-management techniques focused on the first objective only by minimizing cost without consideration of the effects on customers. Cost management means far more than cost cutting. Good cost management should be forward looking. Although you still need to look backward, the more you look forward to target costs and manage operations to meet cost goals, the less you will need to look backward to find out where costs went awry. And thus you should avoid the trap of trying to account costs out after the fact, instead of designing lower costs in ahead the fact.
If you chose C: (two possible answers)
a. Several factors are involved in determining staff access to confidential information. First of all, you need to make sure what kind of information is confidential. It is only the classified information or documents that need to be kept secret. Secondly, make sure who needs confidential information. Only those directly relating to the subject or problem under discussion or consideration can access the relevant information. Thirdly, you need to make sure the reason why they shall have access to information, which is limited to senior management or certain person. Is it necessary to give him/her the secret information? Finally, you need to be sure of the way the confidential information is used.
b. It is very vital to make sure those who have access to confidential information have signed a confidentiality undertaking—that is, a document promising not to make confidential information public. You don’t like to see a potential buyer use this confidential information either in the course of negotiations or after negotiations have broken down. Since many confidentiality letters have no legal value, taking appropriate advice is recommended. You should’ also take into consideration your strategy for informing your staff of the proposed sale. Most business owners would like to keep the sale secret from their employees until the deal has been completed or at least until negotiations are fairly advanced. However, this can be difficult and if staff finds out about the sale they will be unsettled. In addition, you will have to produce a tremendous amount of information about the business and its running, for which you will need the cooperation of senior management, who will therefore need to be informed of the sale.解析： 暂无解析 -
第21题：
单选题The financial crisis of l997—1998 ______.Ahas made many people in the poorer countries homeless
Bhas stayed on for many years
Chas a lasting impact on the poorer countries
Dis a thing of the past
正确答案： A解析：
关于l997—1998年的金融危机，录音中指出亚洲从金融危机中复苏速度之快令人震惊，展现了亚洲经济的持久性，但是亚洲那些贫穷的国家尚未从中恢复过来，可见这次金融危机对那些贫穷的国家产生了持久的影响。 -
第22题：
单选题NEWS BROADCAST 1 Questions 6 and 7 are based on the following news. At the end of the news item, you will be given 20 seconds to answer the questions. Now listen to the news. Greek bonds is downgraded as junk status becauseAshare prices in New York and London fell by over 2％.
Bthe Greek debt crisis could spread to other countries.
Cthe bond holders may not be repaid in full.
DGreek bonds could trigger a financial crisis.
正确答案： D解析： 原因判断题。新闻录音中谈到，Standard & Poor’s给了希腊债券一个所谓的垃圾级别的估价，因为债券持有人无法获得全额回报的风险将不断增大。由此可知，希腊债券下滑至垃圾地位是由于债券持有人可能无法获得全额回报，故C项为正确答案。题干中含有示词组junk status，考生在听录音时应注意听后面的原因。 -
第23题：
单选题Which of the following statements is INCORRECT?AStock markets in Europe and America have dropped considerably.
BThere may be a wider financial crisis in case of Greek default.
CA further round of selling has been under way.
DPortugal has seen credit rating downgraded.
正确答案： C解析：
细节判断题。由新闻材料可知，很多大型投资基金禁止债券持有者持有垃圾债券，并表示此行为可能会引发新一轮的购买。因此可推断出，另一轮购买并不存在，只是假设情况，选项C与原文内容相矛盾，故C项为正确答案。
【听力原文】
Stock markets in Europe and the United States have fallen sharply in response to further signs that the debt crisis in Greece is intensifying and could spread to other countries. Share prices in New York, London, Frankfurt and Paris fell by more than 2％ after a major international credit rating agency Standard & Poor’s downgraded Greek debt to a level known informally as junk.
Standard & Poor’s downgraded its assessment of Greek bonds to the so-called junk status because of the growing danger that the bond holders will not be paid back in full. Many big investment funds have rules that forbid them from holding junk bonds, says the move is likely to trigger a further round of selling. Share markets have taken fright, fearing that if Greece does default on its debts, it would hit many European banks which hold Greek bonds and could trigger a wider financial crisis. Already pressure is mounting on Portugal which has also seen its credit rating downgraded today, although it remains above junk status.