1、剑桥商务英语中级考试试题（九）一、中READING（PARTONE）（共7小题,共7.0分） Read these sentences . Which type does each sentence （1-7） describe? For each sentence mark one letter A, B, C or D on your AnswerSheet. 第1题A Partnerships On the whole, this is not a popular form of business organization, but it is often used by people
2、in the professions, like doctors, dentists or lawyers, to expand theirbusiness.Greater efficiency is possible because people in this sort of association can spend their time doing what they are bestat. If one person is sick, then the remaining partner（s） can carry on thework. The main disadvantage i
3、s that even with this form of ownership, the amount of money available to the business may belimited. If people quarrel or disagree over decision-making there can be problems and seriousdelays. B Public （PIC） Companies These are the largest businesses in the privatesector. There is no limit to the n
4、umber of people holding shares in it and many of the larger companies have their shares listed on the stockexchange. The advantage of big businesses like this is that they find it easier to raise money as banks consider them a good risk. There are strict laws governing the setting-up of this kind of
5、 business and each year the company has to publish itsaccounts. The larger such businesses grow, the more difficult it is to controlthem. Workers in such businesses may feel that management doesnt understand theirproblems. C Private （Ltd） companies Such businesses are not allowed to sell shares to t
6、hepublic. They must consist of at least two members, but there is no upper limit to the numbers who own thecompany. The larger size makes it possible for such companies to borrow more money from the banks or from issuing additional shares to itsmembers. The advantage is that such a business is able
7、to offer its members limited liability （responsibility） for debts andlosses. Many companies of this type exist in England, Europe and theU.S. There is no limit to the number of people holding shares init.【正确答案】 ：B 【本题分数】：1.0分【答案解析】 精析 题干意思是：在这种公司里，持股人的数目没有限制。B段中的第二句话“There is no limit to the number
8、of people holding shares in it”正是此意。故选B。第2题The company can list on the stock exchange and the share can be sold to thepublic.【正确答案】 ：B 【本题分数】：1.0分【答案解析】 精析 题干意思是：公司能在股票交易市场上市，且可以将股票卖给公众。B段中第二句后半段提到这种公司可以在股票市场上市。同时，C段中第一句提到私人公司不能将股票卖给公众，因此可以排除C。故选B。第3题The company usually is organized by doctor andlaw
9、yer.【正确答案】 ：A 【本题分数】：1.0分【答案解析】 精析 题干意思是：这种公司通常由医生、律师组成。A段中的第一句话正是这个意思。故选A。第4题The shares of the company are not allowed to be sold to thepublic.【正确答案】 ：C 【本题分数】：1.0分【答案解析】 精析 题干意思是：公司股份不允许卖给公众。C段第一句“Such businesses are not allowed to sell shares to the public”正是此意。故选C。第5题The company has to publish i
10、ts accounts eachyear.【正确答案】 ：B 【本题分数】：1.0分【答案解析】 精析 题干意思是：公司必须每年公布其会计信息。B段中第四句提到这类公司有很严格的法律作为监控，并且需要每年向公众公布年报。故选B。第6题The members of the company bear limited liability for debts andlosses.【正确答案】 ：C 【本题分数】：1.0分【答案解析】 精析 题干意思是：公司成员对公司债务和损失承担有限的责任。见C段倒数第二句话中的“such a business is able to offer its members
11、 limited liability for debts and losses”。故选C。第7题In this form, people can spend their time in doing what they are bestat.【正确答案】 ：A 【本题分数】：1.0分【答案解析】精析 题干意思是：这种形式的公司，人们能各尽所长。A段第二句中提到的“people in this sort of association can spend their time doing what they are best at”这类企业最大的优势在于人们能各尽所长，专注于自己最擅长的部分。故选A
12、。二、中READING（PART TWO ）（共5小题,共5.0分） Read thistext. Choose the best sentence below to fill in each of thegaps. For each gap 1-5, mark one letter A-G on your AnswerSheet. Do not mark any lettertwice. 第1题The Dollar in World Markets According to a leading German banker, theU.S.dollar is the most frequent
13、ly discussed economic phenomenon of our times. He adds, . the dollars exchange rate is at present the most important price in the world economy. Because the dollar acts as a world currency,its value affects many nations,The central banks of many countries hold huge reserves of dollars, and over half
14、 of all world trade is priced in terms ofdollars. Any shift in the dollars exchange rate will benefit some and hurtothers. Some people suggest, therefore, （1） The dollars exchange rate has been volatile andunpredictable. Several years ago, the dollar was rapidly declining invalue. This made it （2） T
15、he rise in the price of foreign goods made it possible forU.S.businesses to raise the price of competing goods produced here, thus worseninginflation. Foreigners who dealt in dollars or who held dollars as reserves werehurt. People in the United States who had borrowed foreign currencies found that
16、they had to pay back more than they borrowed （3） The United States lost face in the eyes of the rest of theworld. The dollar went soaring upward, and the situation wasreversed. The United States exporters found it hard to sell abroad because foreigners would have to pay more forU.S.dollars. People i
17、n the United States now bought the relatively cheaper foreign goods, andU.S.manufacturers complained that they could notcompete. Job losses were often blamed on the overvalueddollar. Poor nations （4） found it difficult to repay both the loans and the interest because they had to use more and more of
18、 their own currencies to obtaindollars. The solution to this problem is to end the system of floating exchange rates and return to fixedrates. We might even return to the goldstandard. Fixed exchange rates didnt work in thepast. currency values should be determined by marketconditions. A drop in the
19、 exchange value of a nations currency means that （5） that it is too inefficient to compete in the world markets, that it is permitting a high rate of inflation which makes its goods too expensive, that it is going too deeply in debt, or that others have lost confidence in the nationsstability. A nat
20、ion should bring its exchange rate back up by addressing these problems, not by interfering with the moneymarket. Athat had borrowed dollars Bthat the dollars value should be more tightly controlled Cbecause the declining dollar would buy fewer units of the foreign money Dits value affects many nati
21、ons Edifficult for Americans to purchase foreign goods and servicesFthat have a lot ofU.S. dollars Gall nations want to import less and export more Hit is importing too much【正确答案】 ：B 【本题分数】：1.0分【答案解析】 精析 根据此句的句子结构分析，填写部分应该是suggest的宾语，在这里组成宾语从句。因此。此处选择B，表示不少人建议应该严格控制美元的价值。第2题【正确答案】 ：E 【本题分数】：1.0分【答案解
22、析】 精析 根据此句的句子结构分析，填写部分应该是动词make后面的复合宾语，前面的it只是个形式宾语，替代后面真正的宾语。这个选项中，只有选项E才符合此句法特点，因此答案为E。第3题【正确答案】 ：C 【本题分数】：1.0分【答案解析】 精析 根据此句的句子结构分析，这里的句子本身是完整的，填写部分应该是状语。在选项中，只有C是because引导的原因状语从句，意思是美元贬值，兑换的外国货币减少，因此美国人要还的钱比借的钱多。第4题【正确答案】 ：A 【本题分数】：1.0分【答案解析】 精析 根据此句的句子结构分析，这里需要填入定语从句，修饰poor nations，表示借美元的国家越来越不
23、能支付贷款甚至利息。因此答案为A。第5题【正确答案】 ：H 【本题分数】：1.0分【答案解析】 精析 根据此句的句子结构分析，这里需要填入宾语从句，而且为了和后面的宾语形成排比，这里需要填写it is开头的宾语从句，因此答案为H。三、中READING（PART THREE ）（共6小题,共6.0分） Read the article and the questions on the oppositepage. For each question 1 -6, mark one letter （A, B, C or D） on your Answer Sheet for the answer yo
24、uchoose. 第1题Common Stock and preferred StockA public corporation issues certificates of ownership, called common stock, which may be traded on stockexchanges.Anyone can buy and sell shares of commonstock.Owners of stock are referred to as shareholders andstockholders. common stockholders are accorde
25、d certain rights by the corporatecharter.In the United States, these rights vary from state to state, but in general the articles of incorporation spell out voting rights and rights to receiveprofits. Common stockholders are the voting owners of acorporation.They are usually entitled to one vote per
26、share.They may vote on numerous issues affecting the corporation （including a decision to sell or merge with another corporation） and elect a board of directors, who, in turn, hire managers to run thebusiness.A majority shareholder is one who owns over 50 percent of the outstanding shares in a corpo
27、ration and, thus, can call theshots.All other shareholders are minorityshareholders.In large corporations no single person or organization owns anywhere near a majorityinterest.In large, publicly owned corporations a shareholder with as little as 10 percent of the shares may control the corporatione
28、ffectively.If things go bad, a coalition of so called dissident shareholders may gather enough votes to replace the existing board of directors;the new board may fire the existing management and bring in their own managementteam. Although common stock represents ownership in a company, it does not g
29、uarantee the owners a specified rate ofreturn.As owners, the stockholders receive profits after all expenses, including debts and taxes, have beenpaid. They receive profits from the business in the form of dividend payments, which represent a percentage ofprofits.Not all after-tax profits are paid t
30、o the stockholders individends.Directors usually decide quarterly how much, if any, if the profits they wish to distributed to theowners. The profits are either distributed to the owners in dividends or they are reinvested bank into the company in the form of retainedearnings.If the company decides
31、to keep the profits, the company may become more valuable and the price of the stock usually goesup.Some investors prefer profits in the way of dividends while others speculate for an increase in the price ofstock.If a company goes broke, common stockholders get last claim on whatever is leftover. Corporations may also issue preferred stock toinvestors.Preferred stoc
