Key to the exercises
Unit One
Text A
I.Decide whether each of the following statements is true or false. Write T at
the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. T
3. F
4. F
5. T
II. For each of the following questions, choose the most appropriate answer based on your understanding of the text.
1. C
2. B
3. D
4. C
5. D
III. Questions for Discussion:
Open
Text B
I.Decide whether each of the following statements is true or false. Write T at
the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. F
3. F
4. F
5. T
II.Answer the following questions based on the text.
Open
III. Questions for Discussion:
Open
Unit Two
Text A
I. Decide whether each of the following statements is true or false. Write T at
the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. F
3. T
4. T
5. F
II. For each of the following questions, choose the most appropriate answer based on your understanding of the text.
1. D
2. C
3. D
4. C
5. D
III. Questions for Discussion:
Open
Text B
I. Decide whether each of the following statements is true or false. Write T at
the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. F
3. T
4. F
5. F
II.Answer the following questions based on the text.
Open
III. Questions for Discussion:
Open
Unit Three
Text A
I. Decide whether each of the following statements is true or false. Write T at
the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. T
3. T
4. F
5. T
II. For each of the following questions, choose the most appropriate answer based on your understanding of the text.
1. B
2. D
3. C
4. A
5. C
III. Questions for Discussion:
Open
Text B
I. Decide whether each of the following statements is true or false. Write T at
the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. F
3. F
4. T
5. F
II.Answer the following questions based on the text.
Open
III. Questions for Discussion:
Open
Unit Four
Text A
I. Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. T
2. T
3. F
4. F
5. F
II. For each of the following questions, choose the most appropriate answer based on your understanding of the text.
1. B
2. C
3. D
4. B
5. C
III. Questions for Discussion:
Open
Text B
I.Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. T
3. T
4. F
5. F
II.Answer the following questions based on the text.
Open
III. Questions for Discussion:
Open
Unit Five
Text A
I. Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. T
2. F
3. F
4. F
5. T
6. T
II. For each of the following questions, choose the most appropriate answer based on your understanding of the text.
1. C
2. B
3. D
4. A
5. D
III. Questions for Discussion:
Open
Text B
I.Decide whether each of the following statements is true or false. Write T at
the end of the statement in the parentheses if you think it is true and F if you
think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1.T
2. N
3. F
4. F
5. N
6. F
II.Answer the following questions based on the text.
Open
III. Questions for Discussion:
Open
Unit Six
Text A
I. Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. N
3. N
4. T
5.N
6. T
II. For each of the following questions, choose the most appropriate answer based on your understanding of the text.
1. C
2. A
3. D
4. B
5. C
III. Questions for Discussion:
Open
Text B
I.Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. T
2. T
3. N
4. F
5. F
6.T
II.Answer the following questions based on the text.
Open
III. Questions for Discussion:
Open
Unit Seven
Text A
I. Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. T
2. T
3. F
4. T
5. N
6. T
II. For each of the following questions, choose the most appropriate answer based on your understanding of the text.
1. A
2. B
3. D
4. C
5. D
III. Questions for Discussion:
Open
Text B
I.Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. T
2. F
3. F
4. N
5. F
6.F
II.Answer the following questions based on the text.
Open
III. Questions for Discussion:
Open
Unit Eight
Text A
I. Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. T
2. F
3. T
4. N
5. N
6. T
II. For each of the following questions, choose the most appropriate answer based on your understanding of the text.
1. D
2. B
3. C
4. C
5. A
III. Questions for Discussion:
Open
Text B
I.Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. T
2. T
3. F
4. F
5. T
6. T
II.Answer the following questions based on the text.
Open
III. Questions for Discussion:
Open
Unit Nine
Text A
I. (Group work) Work in a group of four and exchange your understandings of the following sentences based on the text.
Open
II.Match the words in Column A with the explanations in Column B.
1. d
2. j
3. h
4.a
5. i
6. g
7. b
8. e
9. c 10. f
III. Decide whether each of the following statement is true or false. Put a T at the end of the statement if you think it is true and put an F if you think it is false.
1. T
2. F
3. T
4. F
5. T
IV. Choose the most appropriate answer from the four choices in each item according to your understanding of the text.
1. C
2. D
3. B
4. C
V. Questions for Discussion:
Open
Text B
I. Answer the following questions based on the text.
Open
https://www.doczj.com/doc/3a11229810.html,plete the sentences with the expressions listed below in their proper forms.
1. engender
2. sync up with
3. get by
4. masochistic
5. bully
6. pay in full
7. abstain from 8. concur with 9. against-the-grain 10.devastate
III. Decide whether each of the following statement is true or false. Put a T at the end of the statement if you think it is true and put an F if you think it is false.
1. F
2. T
3. T
4. F
5. F
.
Unit Ten
Text A
I. (Group work) Work in a group of four and exchange your understandings of the following sentences based on the text.
Open
III.Match the words in Column A with the explanations in Column B.
1. i
2. e
3. a
4.j
5. b
6. d
7. c
8. g
9. f 10. h
III. Decide whether each of the following statement is true or false. Put a T at the end of the statement if you think it is true and put an F if you think it is false.
1. F
2. T
3. T
4. T
5.F
IV. Choose the most appropriate answer from the four choices in each item according to your understanding of the text.
1. D
2. C
3. B
4. B
5.C
V. Questions for Discussion:
Open
Text B
I. Answer the following questions based on the text.
Open
https://www.doczj.com/doc/3a11229810.html,plete the sentences with the expressions listed below in their proper forms.
1. phenomenal
2. step down from
3. reminisce
4. envision
5. failed in his
attempt to 6. standing ovation 7. gain ground against 8. bolster 9. bow to
10.do justice to
III. Decide whether each of the following statement is true or false. Put a T at the end of the statement if you think it is true and put an F if you think it is false.
1. T
2. F
3. F
4. F
5. T
Unit Eleven
Text A
I. (Group work) Work in a group of four and exchange your understandings of
the following sentences based on the text.
Open
IV.Match the words in Column A with the explanations in Column B.
1. h
2. i
3. j
4.d
5. g
6. a
7. f
8. e
9. c 10. b
III. Decide whether each of the following statement is true or false. Put a T at the end of the statement if you think it is true and put an F if you think it is false.
1. F
2. F
3. F
4. T
5. T
IV. Choose the most appropriate answer from the four choices in each item according to your understanding of the text.
1. D
2. C
3. C
4. C
5. B
6. D
V. Questions for Discussion:
Open
Text B
I. Answer the following questions based on the text.
Open
https://www.doczj.com/doc/3a11229810.html,plete the sentences with the expressions listed below in their proper forms.
1. shake up
2. abounding
3. compelling
4. ensure
5. end up
6. access to
7. considering 8. devote to 9. account for 10.to feature
III. Decide whether each of the following statement is true or false. Put a T at the end of the statement if you think it is true and put an F if you think it is false.
1. T
2. F
3. T
4. F
5. T
Unit Twelve
Text A
I. Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. F
3. T
4. T
5. T
II. For each of the following questions, choose the most appropriate answer based on your understanding of the text.
1. C
2. D
3. C
4. A
III. Questions for Discussion:
Open
Text B
I.Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. F
3. T
4. F
5. T
II.Answer the following questions based on the text.
Open
III. Questions for Discussion:
Open
Unit Thirteen
Text A
I. Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. T
2. F
3. F
4. T
5. F
II. For each of the following questions, choose the most appropriate answer based on your understanding of the text.
1. C
2. D
3. B
4. C
5. C
III. Questions for Discussion:
Open
Text B
I.Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses.
1. F
2. F
3. T
4. F
5. F
II.Answer the following questions based on the text.
Open
III. Questions for Discussion:
Open
Unit Fourteen
Text A
I. Answer the following questions based on your understanding of the text.
Open
II. Decide whether each of the following statement is true or false. Put a T at the end of the statement if you think it is true and put an F if you think it is false.
1. T
2. F
3. T
4. T
5. F
III. Chose the best answer according to the passage.
1. B
2. A
3. B
4. D
5. D
IV. Question for further discussion:
Open
Text B
I. Answer the following questions based on your understanding of the text.
Open
II. Topic for further discussion:
Open
Unit Fifteen
Text A
I. Answer the following questions based on your understanding of the text.
Open
II. Decide whether each of the following statement is true or false. Put a T at the end of the statement if you think it is true and put an F if you think it is false.
1. T
2. T
3. F
4. F
5. T
III. Chose the best answer according to the passage.
1. B
2. D
3. B
4. A
5. D
IV. Question for further discussion:
Open
Text B
I. Answer the following questions based on your understanding of the text.
Open
II. Topic for further discussion:
Open
Unit Sixteen
Text A
I. Answer the following questions based on your understanding of the text.
Open
II. Decide whether each of the following statement is true or false. Put a T at the end of the statement if you think it is true and put an F if you think it is false.
1. F
2. T
3. T
4. F
5. T
III. Chose the best answer according to the passage.
1. B
2. D
3. A
4. C
5. D
6. A
7. D
8. C IV. Question for further discussion:
Open
Text B
I. Answer the following questions based on your understanding of the text.
Open
II. Topic for further discussion:
Open
初级商务英语阅读理解试题 为了让大家更好的准备商务英语BEC考试，给大家整理了初级商务英语阅读理解试题,下面就和大家分享，来欣赏一下吧。 初级商务英语阅读理解试题(1) A friend of mine was fond of drawing horse. He drew the horses very well,but he always began the tail. Now it is the Western rule to begin at the head of the horse, that is why I was surprised. It struck me that it could not really make any difference whether the artist begins at the head or the tail or the belly(肚子) or the foot of the horse, if he really knows his business. And most great artists who really kn ow their business do not follow other people’s rule.They make their own rules. Every one of them does his work in a way peculiar(奇特的) to himself; and the peculiarity means only that he finds it more easy to work in that way. Now the very same thing is true to literature(文学). And the question, "How shall I begin?" only means that you want to begin at the head instead of beginning at the tail or somewhere else. That is,
Chapter 1 Why China Works 中国是今年唯一呈现出重大发展的主要经济体（economy），由于它通常是唯一敢于打破经济教科书中每一条例的经济体。事实上，中国不像其他五大经济体那样发展缓慢的主要原因是，它宏观调控的能力（its capacity for macro-economic control）。 为什么中国市场经济体系奏效？（market economic system）目前，欧美等国正通过银行及汽车业国有化及金融业实施新的有力规定（regulations），走向宏观调控。但问题更加紧迫（the question has a new urgency）。中国看上去最能驾驭（navigate）七十年内最糟的经济滑坡（downturn）。 在危机中，中国官员既能吸取像西方同行（counterparts）的传统市场工具，也能吸取中国市场经济体系的积累经验（arsenal）。去年早期，由于房地产市场（housing market）过热，中国官员仅命令银行削减房贷（cut back on housing loans），然后随着房屋销售量下降（fall），他们提供类似更低的房屋购置税（lower taxes on home purchases）。最近几周，他们展开类似西方的经济救援行动（launch economic rescue efforts），其中包括价值6000亿的大计划以增加政府开支和大幅利率削减（ramp up government spending）（big interests cuts）。但同时，他们也发布在西方国家眼里是不合理的干涉的命令，例如，上周中国官员召集包括钢铁建筑等行业的国有行业并购（buy up）国内外新资产（at home and abroad）以积极（actively）发挥在经济中的作用。 曾把中国宏观调控视为不成熟经济的弊病（immature economy），现在是稳定的保障（bulwark of stability）。CLSA经济学家AR说，”政府对大多数资本密集型产业的控制，让我看好中国的未来。政府会对这些领域的公司说，继续花吧，不要由于你们的投资计划“。尽管最大的出口及股票市场出现下滑，中国经济在09年看上去增加7%多，虽比近些年两位数（double-digit）增速有所下滑，但与其他国家相比仍然坚挺。随着国有银行放松信贷（loose credit），企业贷款率切实（actually）增加。摩根斯坦利的亚洲首席SR说，在一个投资支持可持续发展，并占GDP的40%的国家，政府再次增加投资以抵抗对增长的威胁。他又说，在危机时期，中国的指挥控制系统切实比其他市场基础系统有效。
electric solutions during the survival course. A. practice B. produce C. approach D. Popularize 9.Why the company wants to relocate to Ireland still remains a brainteaser to a majority of staff. A.enigma B.disaster C. secret D. Burden 10. The purported function of the massage chair is that it can dispel your fatigue. A. supposed b. reclaimed C. publicized D. advertised 11. This is the era of the ―personal brand‖. A. time B. period C. aged D. Phase 12. Others felt it too outlandish to take seriously A. crazy B. outstanding C. strange D. Great 13. Her services are in demand from bankers, lawyers and other business people, all pondering ways to improve how they are perceived at work. A. deliberating B. concerning about C. considering D. thinking over 14. The outside world offers a little more illumination. A. enlightenment B. explanation C. strange D. Inspiration 15.She says there is evidence that Brand Stern is credible and respected, but she wonders if the markets aren‘t looking for something a bit meatier: ?Are you damping down your personality? Do they want more of you?‖ A. fatter B. more informative C. fleshier D. more important 16.Wouldn‘t it be cool if… I want to harness those ideas and let people have a forum? A.Discover B. make use of C. search for D. think about 17.Instead of setting up a traditional display booth at last year‘s Macworld convention, Kaufman handed out pads and pencils and invited attendees to sketch the products they wanted. A. box B. room C. stall D. Desk 18.Says his mother, Mindy, ?‖When you see someone who has a dream and a great idea, you don‘t want to stifle it ,, A. hurt B. smother C. damage D. safeguard 19. He sold the Mophie product line and rolled the proceeds into Kluster, a virtual forum that al-lows consumers and businesses to collaborate on the design of products and services. A. theoretic B. fake C. false D. fictitious 20. As Kaufman envisions Kluster, companies that want to create a new product vvill use the plat-form (https://www.doczj.com/doc/3a11229810.html,) to put out a challenge to a relevant group of consumers. A. theoretic B. fake C. false D. Fictitious 21. It‘s harder to estimate than you may think. A. guess B. Tell C. assess D. Imagine 22. But it‘s unavoidable, so what‘s the smart way to think about it now?
商务英语阅读第二版王关富unit 1 Why China Works
Unit 1 Why China Works Exercises 1. Answer the questions on the text: 1) How does the author view the Chinese economy? It is the most important bright spot in the world economy under the global recession, the only major economy that is likely to show significant growth this year, and the only one that routinely breaks every rule in the economic textbook. 2) According to the author, why can the Chinese economy perform so well? Because of: (1) the capacity for state control by the Chinese government. (2) its rejection of exotic financial innovations that are the melting core of the global credit crisis. (3) the integration of its economic policies between traditional market tools and state control measures. 3) In what way does the author imply that western economists are erroneous in their bias toward “China’s market economic system”? The United States and Europe are moving toward state control by nationalizing their banking and car industries, and imposing heavy new regulation on the financial industry. 4) What is the view of Stephen Roach on the Chinese economy system? Investment is the backbone of sustainable growth in the Chinese economy, which works more effectively than other market based systems in times of economic stress. 5) Why can China work in the eye of the author? It has followed a radical pragmatism focusing on a slow but steady shift toward freer markets. 6) What is regarded as the strategic thinking of the Chinese leaders in market reforms? They understand even under the serious financial crisis that it can stabilize the Chinese market and economy to introduce more sophisticated forms of securitization, including stock index funds, corporate bonds and other debt products. They also realize that, in the course of doing this, they should learn from the mistakes the westerners have made. 7) What is the example given to illustrate the steadiness of the Chinese leaders in their policy execution? They continue to allow the value of yuan to rise despite of the American charges and the need for export competitiveness by their own enterprises. 8) What is “shock therapy”?
Unit 6 Goodbye, Free Trade? Exercises 1.Answer the questions on the text. 1) What was the result when the House of Representatives passed the Hawley-Smoot Tariff Act in 1930? The economic recession in the United States became even worse. 2) According to the author, what happens when a currency appreciates? It diminishes the export advantage of the country and makes it difficult to increase exports or even maintain the status quo. 3) How did American politicians take advantage of the public’s strong anti-free-trade sentiment in the United States? They created a talking point in charges of unfair trade so that they thought they could benefit in the mid-term elections. 4) What did American politicians and economists agree and disagree over the Hawley-Smoot Tariff Act? Almost all of them agreed that it was a bad law, but they disagreed whether it triggered the Great Depression in the 1930s. 5) What did Milton Friedman think were the more important reasons for the Great Depression? The malfunctioning gold standard system and inept monetary policy of the Federal Reserve. 6) What was the foreign reaction unexpected by the American lawmakers after the Hawley-Smoot Tariff Act was enacted? The trading partners were angered and imposed discriminatory tariffs on American goods. Canada in particular, as the largest export market for the US, reacted fiercely and handed its market over to the British competitors. 7) Why is it unlikely for the US to adopt another Smoot-Hawley today in the eye of the author? (1)The US is much more integrated into the world economy today than it was in the 1930s. (2)Import restrictions seldom achieve their intended goals, instead, often end up hurting American industries and consumers. (3)The Americans have learned to consider the possible strong foreign retaliation against US exporters. 8) What were the respective results for those countries withdrawing from the gold standard and those clinging to it during the 1930s according to the author?
Unit 1 1. 显著经济增长、significant economic growth 2. 将银行业与汽车业国有化nationalizing the banking and car industries 3. 削减房贷cut back on housing loans 4. 收购国内外资产buying up new assets at home and abroad 5. 大幅提升盈利能sharply raising profitability 6. 获得动力gain momentum 7. 小幅升值a modest appreciation 8. 下岗工人laid-off workers 9. 摸着石头过河crossing the river by feeling for stones 10. 可持续增长的支柱the backbone of sustainable growth 11. 资金密集型行业capital-intensive sector 12. 放宽信贷loosen credit 13. 减少对出口的依赖reducing China's dependence on exports 14. 战略思考strategic thinking 15. 燃油补贴fuel subsidies 16. 解除价格管制deregulated prices 17. 休克疗法shock therapy 18. 支撑经济增长bolster economic growth 19. 经济刺激一揽子计划stimulus package 20. 精明（娴熟）的管理savvy management 21. 边远地区remote areas 22. 回应个人投诉answer individual complaints 23. 取消印花税scrapping the stamp tax 24. 振兴股市revive the stock market 25. 繁荣与稳定prosperity and stability 26. 内幕交易insider trading 27. 进行民意测验conduct public polls 28. 遭遇信贷危机experiencing a credit crisis Unit 2 1.The great depression in the 1930s 1930年的经济大萧 条 2.The old industrial economies 老工业经济体 3.The global economic and political elite 全球经济与 政治精英 4.Amass great wealth 产生巨大财富 5.Welfare states福利国家 6.Emerging economies 新兴经济体 7. A beggar-thy-neighbor populism 以邻为壑民粹主义 8.Double-dip recession 双底衰退 9.Sovereign-debt crisis 主权债务危机 10.The worst-case scenarios 最糟糕的情况 11.Bitter social unrest 激烈的社会动荡 12.Cutting public budgets 削减公共预算 13.Excessive stimulus 过度刺激计划
Unit 1 Text A I. 1. F 2. F 3. T 4. T 5. N II. 1. D 2. C 3. A 4. D 5. D III.Open Text B I. 1. F 2. T 3. N 4. N 5. F II.Open III.Open Unit 2 Text A I. 1. F 2. T 3. F 4. T 5. F 6.T II. 1. D 2. B 3. D 4. D 5. A III.Open Text B I. 1. T 2. T 3. F 4. F 5. T II. 1. D 2. C 3. A 4. A 5. D III.Open Unit 3 Text A I. 1. F 2. F 3. T 4. T 5. F II. 1. D 2. C 3. B 4. D 5. B III.Open Text B I. 1. F 2. F 3. T 4. N 5. F II.Open III.Open Unit 4 Text A I. 1. F 2. F 3. T 4. T 5. F II. 1. B 2. D 3. B 4. D 5. C III.Open
Text B I. 1. F 2. T 3. F 4. T 5. F II.Open III.Open Unit 5 Text A I. 1. F 2. F 3. T 4. T 5. T II. 1. C 2. A 3. B 4. A 5. D III.Open Text B I. 1. T 2. F 3. T 4. F 5. N II. 1. D 2. C 3. A 4. D 5. B III.Open Unit 6 Text A I. 1. F 2. T 3. T 4. N 5. F II. 1. C 2. B 3. A 4. C 5. C III.Open Text B I. 1. F 2. N 3. N 4. F 5. F II.Open III.Open Unit 7 Text A I. 1. F 2. T 3. F 4. T 5. T II. 1. D 2. D 3. D 4. B 5. A III.Open Text B I. 1. F 2. F 3. F 4. T 5. T II.Open III.Open
Key to the exercises Unit One Text A I.Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses. 1. F 2. T 3. F 4. F 5. T II. For each of the following questions, choose the most appropriate answer based on your understanding of the text. 1. C 2. B 3. D 4. C 5. D III. Questions for Discussion: Open Text B I.Decide whether each of the following statements is true or false. Write T at the end of the statement in the parentheses if you think it is true and F if you think it is false. If you think that the information is not given in the reading, write N in the parentheses. 1. F 2. F 3. F 4. F 5. T II.Answer the following questions based on the text. Open III. Questions for Discussion: Open Unit Two Text A
Unit 13 The Business of Making Money Exercises 1. Questions on the text: 1)What are the latest developments in private equity in recent years Compared to the 1980s, the targets of today’s private equity groups are much bigger in size. In recent years, the private equity industry has raised record money and its share of mergers and acquisitions has grown massively. The industry has also become a byword for money-making skills but its wealth has also brought many enemies. 2)According to the article, what are the main inconveniences for a company to be a publicly quoted company The main inconveniences for a publicly quoted company include: its executives have to face intrusive media coverage; it has to obey strict and long corporate-governance codes; it also has to face the threats of activist investors and short sellers and the scrutiny by some politicians. 3)What are the main reasons for a company to get listed on a stockmarket Traditionally there are three main reasons to get a company’s share listed on a stockmarket. The first is to raise capital, either to expand the business or to allow the founders to realise their wealth. The second is to help retain staff, who can be offered share options as an incentive to stay and work hard. The third involves prestige; customers, suppliers and potential employees may be reassured (and attracted) by the apparent seal of approval given by a public listing. Meanwhile, being publicly listed gives a company better access to fund investors and retail investors. 4)Why are companies in the Anglo-Saxon economies reluctant to borrow from banks Companies in the Anglo-Saxon economies were reluctant to borrow from banks because their often felt nervous about the possibility of the sudden withdrawal of credit from the banks, due to a change in lending policy, new management or an economic downturn. 5)According to the article, what are the main sources for today’s companies to raise money (including equity capital and debt) Nowadays the main sources for companies to raise money are: first, equity market; second, banks, though much less important than they used to be; third, bond market; fourth, private equity. 6)How do private-equity firms respond to the problems identified by Professor Jensen with regard to public companies Professor Jensen argued that the structure of a public company creates an inherent conflict between investors and the managers they hire to run the business, particularly with regard to the use of free cash flow. He also argued
Chapter 1 1.这一监控体系最终将取代美国政府对古巴雪茄进口的上限。The monitoring system will finally substitute the U.S. government 's cap on cigar imports from Cuba. 2.墨西哥和美国之间的争执不会有任何作用，并可能导致北美自由贸易协定中关税解除的中 断。The quarrel between Mexico and the U.S. will be of no avail and it may disrupt the lifting of the agricultural tariffs under the North American Free Trade Agreement. 3.在召开部长级会议之前，将举行一次经济合作商业论坛，重点探讨如何减小全球经济 失衡的纠正对中国的冲击。An economic cooperation business forum, which will discuss how to minimize the negative impact of global economic imbalance adjustment on China, will take place shortly before the ministerial conference. 4.只有少数美国人将此问题归咎于这些明 显的因素，即美元贬值或经济周期。Few Americans attribute this to such obvious causes as a devalued dollar or the business cycle. 5.最新的科学研究揭示了这样的事实，即为减少温室气体排放所采取的必要措施会带来沉重的经济和政治成本。Recent research has shed light on the fact that there are heavy financial and political costs associated with the measures necessary to reduce the emission of greenhouse gases. 6.有传言称上个月政府和这家公司的总裁秘密达成一笔交易。There are rumors that the government struck a private deal with the corporation's chairman last month. 7.反对派对美国政府施加压力，让他们改变对纺织品进口的政策。The opposition is exerting pressure on the U.S. government to change the policy towards textile imports. 8.自从签署双边自由贸易协定以来，这个新兴经济体一直处于科技的前沿。Since the establishment of the bilateral free-trade agreement, this emerging economy has always been at the forefront of science and technology. 9.一般 来说，浮动汇率应该使国家免受与贸易伙伴在通货膨胀上的持续差异的影响。In general, floating exchange rates are supposed to insulate countries from persistent differences in inflation with their trading partners. 10.据保守预测，到2010 年中国与北美和欧盟的进出口贸易堂将分別超过4000 亿美元，与10 个东盟国家的进出口贸易堂将超过2000 亿美元。According to conservative estimates, by 2010, China's import and export volume with North America and the EU would surpass $400 billion respectively, with ten ASEAN countries exceeding $200 billion. Chapter 2 1)政府出资 1 亿美元用于农村地区再生能源的开发和利用。The government has allocated $ 0.1 billion to the development and utilization of renewable energy in rural areas. 。 2)开发西部不能以破坏环境为代价，因此政府一直走经济开发建设和生态环境保护并进
Business English Extensive Reading (2) 商务英语阅读（2） Ⅰ. Reading Comprehension Directions: Choose the correct answers according to the information given from the passeges. Read the passages through carefully before making your choices. Please mark the corresponding leter for each item on Answer Sheet. Passage One: Questions 1 to 5 are based on the following passage． Henry Ford, the famous U.S. inventor and car manufacturer, once said, …The business of America is b usiness.” By this he meant that the U.S. way of life is based on the values of the business world. Few would argue with Ford?s statement. A brief glimpse at a daily newspaper vividly shows how much people in the United States think about business. For example, nearly every newspaper has a business section, in which the deals and projects, finances and management, stock prices and labor problems of corporations are reported daily. In addition, business news can appear in every other section. Most national news has an important financial aspect to it. Welfare, foreign aid, the federal budget, and the policies of the Federal Reserve Bank are all heavily affected by business. Moreover, business news appears in some of the unlikeliest places. The world of arts and entertainment is often referred to as “the entertainment industry” or “show business.” The positive side of Henry Ford?s statement can be seen in the prosperity that business has brought to U.S. life. One of the most important reasons so many people from all over the world come to live in the United States is the dream of a better job. Jobs are produced in abundance (大量地) because the U.S. economic system is driven by competition. People believe that this system creates more wealth, more jobs, and a materially better way of life. The negative side of Henry Ford?s statement, however, can be seen when the word business is taken to mean big business. And the term big business—referring to the biggest companies, is seen in opposition to labor. Throughout U.S. history working people have had to fight hard for higher wages, better working conditions, and the right to form unions. Today, many of the old labor disputes are over, but there is still some employee anxiety. Downsizing—the laying off of thousands of workers to keep expenses low and profits high -- creates feelings of insecurity for many. 1. The united States is a typical country ______. A) which encourages free trade at homes and abroad B) where people?s chief concern is how to make money C) where all businesses are managed scientifically D) which normally works according to the federal budget 2. The influence of business in the U.S. is evidenced by the fact that ______. A) most newspapers are run by big businesses B) even public organizations concentrate on working for profits C) Americans of all professions know how to do business D) even arts and entertainment are regarded as business 3. According to the passage, immigrants choose to settle in the U.S., dreaming that ______. A) they can start profitable businesses there B) they can be more competitive in business