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[主观题]

Over a year ago, Jamel Balhi, a French young adventurer, made a promise in Paris to his Ch

inese friend from Shanghai he would【21】to meet him in China and have a cup of tea together. His Chinese friend never【22】that he really meant what he said. To his great【23】the 25-year-old Frenchman reached Shanghai in September【24】after a long journey.

【25】 the young adventurer had covered about 15,000 kilometres of different climates, travelling【26】15 countries. For him, it was a test of【27】and will:

Balhi started his journey on May 30 from Paris. The journey was to be a real test,【28】he had fully prepared.

【29】problem made it very hard for him to ask the way, and it always caused him troubles when he crossed【30】When he was venturing (冒险)【31】desert and the war zone between Iran and Iraq, he was【32】from hunger, coldness and war. At the same time, he had to stay alert (警惕)【33】and safeguard himself against the possible attacks by both animals and robbers.

"I'm lucky enough to arrive in Shanghai safe and【34】a cup of tea together with my Chinese friend【35】I promised last year." he said.

(36)

A.come

B.run

C.fly

D.ride

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更多“Over a year ago, Jamel Balhi, a French young adventurer, made a promise in Paris to his Ch”相关的问题

第1题

We have no idea about when men first began to use salt, but we do know that it has been us
ed in many different ways throughout the history.

For example, it is recorded in many history books the people who lived over three thousand years ago ate salted fish. Thousands of years ago in Egypt, salt was used to preserve the dead.

In some periods of history, a person who stole salt was thought to have broken the law. Take the eighteenth century for an example, if a person was caught stealing salt, he would be thrown into prison. History also records that only in England about ten thousand people were put into prison during that century for stealing salt! About one hundred and fifty years ago, in the year 1553, if a man took more than his share of salt, he would be thought to have broken the law and would be seriously punished. The offender' s ear was cut off.

Salt was an important item on the dinner table of a king. It was always placed in front of the king when he sat down to eat. Important guests at the king' s table were seated near the salt. Less important guests were given seats farther away from it.

Thousands of years ago in Egypt, salt was used ______.

A.to punish people who had broken the law

B.to keep dead bodies from decay

C.to keep fish alive

D.to make chemicals

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第2题

Of all the goals of the education reform. movement, none is more difficult than developing
an objective method to assess teachers. Studies show that over time, test scores do not provide a【C1】______ means of separating good from bad instructors. Test scores are an【C2】______ indicator of quality because too many factors outside of the teachers control can influence student【C3】______ from year to year—or even from classroom to classroom during the same year. Often, more than half of those teachers【C4】______ as the poorest performers one year will be judged average or above average the next, and the results are【C5】______ as bad for teachers with【C6】______ classes during the same year. 【C7】______, theres a far more direct approach: measuring the amount of【C8】______ a teacher spends delivering relevant instruction—【C9】______, how much teaching a teacher actually gets done in a school day. This is hardly a new【C10】______. Thirty years ago two studies using this approach found that some teachers were able to deliver【C11】______ 14 more weeks a year of relevant instruction than their less efficient【C12】______. There was no【C13】______ to their success: it was obvious that the efficient teachers【C14】______ strictly to the curriculum, maintained stern discipline and【C15】______ non-instructional activities, like【C16】______ unessential classroom business when they【C17】______ focused on the curriculum. And both studies found that the teachers who【C18】______ more were also the teachers who【C19】______ students who performed well on【C20】______ tests.

【C1】

A.persistent

B.consistent

C.continuous

D.useful

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第3题

The statement of financial position of BKB Co provides the following information:BKB Co ha

The statement of financial position of BKB Co provides the following information:

BKB Co has an equity beta of 1·2 and the ex-dividend market value of the company’s equity is $125 million. The ex-interest market value of the convertible bonds is $21 million and the ex-dividend market value of the preference shares is $6·25 million.

The convertible bonds of BKB Co have a conversion ratio of 19 ordinary shares per bond. The conversion date and redemption date are both on the same date in five years’ time. The current ordinary share price of BKB Co is expected to increase by 4% per year for the foreseeable future.

The overdraft has a variable interest rate which is currently 6% per year and BKB Co expects this to increase in the near future. The overdraft has not changed in size over the last financial year, although one year ago the overdraft interest rate was 4% per year. The company’s bank will not allow the overdraft to increase from its current level.

The equity risk premium is 5% per year and the risk-free rate of return is 4% per year. BKB Co pays profit tax at an annual rate of 30% per year.

Required:

(a) Calculate the market value after-tax weighted average cost of capital of BKB Co, explaining clearly any assumptions you make. (12 marks)

(b) Discuss why market value weighted average cost of capital is preferred to book value weighted average cost of capital when making investment decisions. (4 marks)

(c) Comment on the interest rate risk faced by BKB Co and discuss briefly how this risk can be managed. (5 marks)

(d) Discuss the attractions to a company of convertible debt compared to a bank loan of a similar maturity as a source of finance. (4 marks)

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第4题

3 You are the manager responsible for the audit of Volcan, a long-established limited liab
ility company. Volcan operates

a national supermarket chain of 23 stores, five of which are in the capital city, Urvina. All the stores are managed in

the same way with purchases being made through Volcan’s central buying department and product pricing, marketing,

advertising and human resources policies being decided centrally. The draft financial statements for the year ended

31 March 2005 show revenue of $303 million (2004 – $282 million), profit before taxation of $9·5 million (2004

– $7·3 million) and total assets of $178 million (2004 – $173 million).

The following issues arising during the final audit have been noted on a schedule of points for your attention:

(a) On 1 May 2005, Volcan announced its intention to downsize one of the stores in Urvina from a supermarket to

a ‘City Metro’ in response to a significant decline in the demand for supermarket-style. shopping in the capital.

The store will be closed throughout June, re-opening on 1 July 2005. Goodwill of $5·5 million was recognised

three years ago when this store, together with two others, was bought from a national competitor. It is Volcan’s

policy to write off goodwill over five years. (7 marks)

Required:

For each of the above issues:

(i) comment on the matters that you should consider; and

(ii) state the audit evidence that you should expect to find,

in undertaking your review of the audit working papers and financial statements of Volcan for the year ended

31 March 2005.

NOTE: The mark allocation is shown against each of the three issues.

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第5题

完形填空Many of the world’s pollution problems have been caused by the crowding of lar
ge groups of people into cities.Satisfying the 21 of the people leads to further polluting by industry.If the rapid increase in human population 22 at the present rate (比率), there may be much greater harm.Some scientists speak of the 23 in number of people as “Population Pollution”.

About 2000 years ago, the world 24 was probably about 250 million.It reached a billion in 1850.By 1930 the population was two billion.It is 25 three and a half billion.It is expected to double by the year 2000.If the population continues to grow at the same 26 , there would be 25 billion people in the world a hundred years from now.

Man has been using the earth’s 27 more and more rapidly over the years.Some of them are almost gone.Now many people believe that man’s greatest 28 is how to control the growth of this population.The materials in the world will not support the human population in time to come if the present rate of increase continues.29 there is over crowding in the cities and hunger in some countries.Can man’s rate of increase continue?

Many people believe that human survival (幸存者) in the future 30 on the answer to the question.

21.A.needs

B.supplies

C.service

D.supports

22.A.stops

B.continues

C.slows down

D.adds to

23.A.increase

B.reduce

C.country

D.improvement

24.A.people

B.situation

C.population

D.land

25.A.now

B.in the past

C.in the future

D.then

26.A.place

B.time

C.rate

D.result

27.A coal

B.oil

C.mines

D.resources

28.A.problem

B.power

C.plan

D.idea

29.A.Already

B.Yet

C.Still

D.Often

30.A.feeds

B.lives

C.keeps

D.depends

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第6题

Iris Rossner has seen eastern German customers weep for joy when they drive away in shiny,
new Mercedes—Benz sedans. "They have tears in their eyes and keep saying how lucky they are," says Rossner, the Mercedes employee responsible for post-delivery celebrations. Rossner has also seen the French pop corks on bottles of champagne as their national flag was hoisted above a purchase and she has seen American business executives, Japanese tourists and Russian politicians travel thousands of miles to a Mercedes plant in southwestern Germany when a classic sedan with the trademark three-pointed star was about to roll off the assembly line and into their lives. Those were the good old days at Mercedes, an era that began during the economic miracle of the 1960s and ended in 1991. Times have changed. "Ten years ago, we had clear leadership in the market," says Mercedes spokesman Horst Krambeer, "But over this period, the market has changed drastically. We are now in a pitched battle. The Japanese are partly responsible, but Mercedes has had to learn the hard way that even German firms like BMW and Audi have made efforts to rise to our standards of technical proficiency."

Mercedes experienced one of its worst years ever in 1992. The auto maker's worldwide car sales fell by 5 percent from the previous year, to a low of 527,500. Before the decline, in 1988, the company could sell close to 600,000 cars per year. In Germany alone, there were 30,000 fewer new Mercedes registrations last year than in 1991. As a result, production has plunged by almost 50,000 cars to 529, 400 last year, a level well beneath the company's potential capacity of 650,000. Mercedes's competitors have been catching up in the U.S., the world's largest car market. In 1986, Mercedes sold 100,000 vehicles in America; by 1991, the number had declined to 39,000. Over the last two years, the struggling company has lost a slice of its U.S. market share to BMW, Toyota and Nissan. And BMW outsold Mercedes in America last year for the first time in its history. Meanwhile, just as Mercedes began making some headway in Japan, a notoriously difficult market, the Japanese economy fell on hard times and the company saw its sales decline by 13 percent in that country.

Revenues(收益) will hardly improve this year, and the time has come for getting down to business. At Mercedes, that means cutting payrolls, streamlining production and opening up to consumer needs. Revolutionary steps for a company that once considered itself beyond improvement.

The author's intention in citing various nationalities' interests in Mercedes is to illustrate Mercedes' ______.

A.sale strategies

B.market monopoly

C.superior quality

D.past record

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第7题

I have____read the book.

A.already

B.a year ago

C.a short time ago

D.last year

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第8题

Lesting Regional Authority (LRA) is responsible for the provision of a wide range of servi

Lesting Regional Authority (LRA) is responsible for the provision of a wide range of services in the Lesting region, which is based in the south of the country ‘Alaia’. These services include, amongst other things, responsibility for residents’ welfare, schools, housing, hospitals, roads and waste management.

Over recent months the Lesting region experienced the hottest temperatures on record, resulting in several forest fires, which caused damage to several schools and some local roads. Unfortunately, these hot temperatures were then followed by flooding, which left a number of residents without homes and saw higher than usual numbers of admissions to hospitals due to the outbreak of disease. These hospitals were full and some patients were treated in tents. Residents have been complaining for some years that a new hospital is needed in the area.

Prior to these events, the LRA was proudly leading the way in a new approach to waste management, with the introduction of its new ‘Waste Recycling Scheme.’ Two years ago, it began phase 1 of the scheme and half of its residents were issued with different coloured waste bins for different types of waste. The final phase was due to begin in one month’s time. The cost of providing the new waste bins is significant but LRA’s focus has always been on the long-term savings both to the environment and in terms of reduced waste disposal costs.

The LRA is about to begin preparing its budget for the coming financial year, which starts in one month’s time. Over recent years, zero-based budgeting (ZBB) has been introduced at a number of regional authorities in Alaia and, given the demand on resources which LRA faces this year, it is considering whether now would be a good time to introduce it.

Required:

(a) Describe the main steps involved in preparing a zero-based budget. (3 marks)

(b) Discuss the problems which the Lesting Regional Authority (LRA) may encounter if it decides to introduce and use ZBB to prepare its budget for the coming financial year. (9 marks)

(c) Outline THREE potential benefits of introducing zero-based budgeting at the LRA. (3 marks)

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第9题

六千多万年以前()

A.over sixty million years before

B.over sixty millions years ago

C.more than sixty million years ago

D.more than sixty millions years before

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第10题

TKQ Co has just paid a dividend of 21 cents per share and its share price one year ago was
$3·10 per share. The total shareholder return for the year was 19·7%. What is the current share price?

A.$3·50

B.$3·71

C.$3·31

D.$3·35

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