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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

The cost is going up for just about everything, and college tuition is no exception. Accor
ding to a nation- wide survey【21】by the College Board's Scholarship Service,【22】at most American universities will be【23】of 9 percent higher this year over last.

The biggest increase will occur at private colleges. Public colleges, heavily subsidized by rax funds, will also【24】their tuition, but the increase will be a few percentage points【25】than their privately sponsored neighbors.

As a follow-up, the United Press international did their own study【26】Massachussetts Institute of Technology. At M. I. T. advisors recommended that students have $ 8,900【27】for one year's expenses, including $ 5,300 for tuition, $ 2,685 for room and【28】, $ 630 for personal expenses, and $ 285 for books and supplies. Ten years ago the tuition was only $ 2,150. To【29】that another way, the cost has climbed 150 percent in the last【30】.

(61)

A.published

B.declared

C.written

D.quoted

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第2题

We have no idea as to when men began to use salt, but we do know that it has been used m m
any different ways throughout the history.

For example, it is recorded in many history books that people who lived over 3000 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 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 450 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 put 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3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4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5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

The MIS finally received recognition __. A.during President Kennedy's term B.fifty years
later C.ten years ago D.last year from President Clinton

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第9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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第10题

_________the new pop singer built her first album piece by piece. A. Over a ye

_________the new pop singer built her first album piece by piece.

A. Over a year and a half

B. Over half and a year

C. Over one and a half year

D. Over year and half

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