The number of shares a corporation may issue is specified in the articles of incorpor

听力原文：W: Here is my application form.

M: Would you please wait in a line to recall your number？

Q: What does the man ask the woman to do？

(18)

A．To wait for her turn.

B．To fill in an application form.

C．To make a phone call.

D．He shares the woman's opinion.

A、Advances in the technological environment in which an asset is employed have an adverse impact on its future use

B、An increase in interest rates which increases the discount rate an entity uses

C、The carrying amount of an entity’s net assets is higher than the entity’s number of shares in issue multiplied byits share price

D、The estimated net realisable value of inventory has been reduced due to fire damage although this value is greaterthan its carrying amount

o has lots of mirrors on its walls. It has been on Eighth Sweet and Thirty-Fifth Avenue for many years and shares the same name with the famous French palace. One goes to the Versailles not only to be seen, but to be multiplied (复制). This old, cheap, noisy restaurant that serves basic Cuban food is wonderful for the self-absorbed: people who like themselves very much. Because of the bright light, even the windows reflect (反射), the Versailles is a place where you can lunch, but you can't hide.

For years I have had the idea that those mirrors keep the blurred image (模糊影像) of every- one who has walked past before them. I think the mirrors have a memory. Every Cuban who has lived or set foot in Miami over the last 30 years has, at one time or another, seen himself or herself reflected on those shiny surfaces. Miami is a Cuban city not only because of the number of Cubans who live there but also because of the number who have died there. The Versailles is a shiny place where dead people are buried. The history of Little Havana is written on those walls. This may have been why, when the mirrors came down in 1991, there was such anger against it that some of them had to be put back. The Hall of Mirrors is also a house of spirits.

What is most special about Versailles according to the writer？

A．The blurred images reflected on the windows.

B．The number of French customers.

C．The expensive Cuban food.

D．The walls of mirrors.

Read the following passage and choose the best sentence (A-G) to fill each of the gaps.

It's impossible to miss the fact that stocks , real estate and bonds all make for decent investments. But there are so many different investment options , most of which get minimal

marketing. (8)_______

1. American Depository Receipt (ADR)

ADRs are traded on U. S. stock markets just like regular stocks , but they actually represent shares in foreign corporations. An ADR is issued by a U. S. -based bank or brokerage , which buys a large number of shares from a company based outside the U. S.(9) ______ ADRs are a relatively simple way to invest in foreign companies and avoid the administrative and duty costs of international transactions.

2. Annuity

Annuities provide set payments at regular intervals to their owners. (10)______ Deferred annuities are often contracted for life - they're set up so that as long as you live ,the insurance company will send you a check at a regular interval. Annuities are also either fixed (the payments are set) or variable (there is a guaranteed minimum payment , as well as payments based on the performance of an annuity investment portfolio).

3. Closed-End Investment Fund

A closed-end fund issues shares that are traded just like stocks but are actually closer to mutual funds in the way they are managed. Closed-end funds hold portfolios of securities - usually securities that meet very specific criteria. (11)______ Some closed-end funds offer dividends.

4. Collectibles

Collectibles can be pretty much any physical asset with a value that increases over time. While most people consider fine art , stamps and similar purchases to be collectibles , there is no strict definition that includes or excludes a particular asset. (12)______ However, a collectible's appreciating value often outpaces inflation.

5. Common Stock

Common stock is a share of ownership in a particular company. (13)______ The majority of stocks traded today are common stocks. While the benefits associated with owning stock can be great , it is a relatively risky investment. (14)______

Now choose the best sentence (A-G) to fill each of the gaps.

A. Those shares are bundled into groups and then resold.

B. These funds are actively managed and may hold a few investments in stocks or bonds in order to diversify.

C. If a company that you own stock in goes bankrupt , as a common shareholder, you won' t receive money until the creditors , bondholders and preferred shareholders have all been paid off.

D. An annuity can either be immediate or deferred: with a deferred annuity , you will not begin receiving payments for a certain period of time.

E. It entitles you to a portion of the company' s profits as well as voting rights.

F. Those listed below are investments that any investor should be familiar with.

G. The greatest drawback to collectibles is the fact that collectibles offer no income.

oration can be bought and sold, usually on a public stock exchange. Consequently, the owner of shares can realize a profit or capital gain if the stock is sold at a price above what the owner originally paid for it.

Some companies enable stockholders to share in the profits of the company. These payments of corporate profits to stockholders are called dividends. In addition to having a claim on company profits, stockholders are entitled to share in the sale of the company if it is dissolved. They may also vote in person or by proxy on a variety of corporate matters, including the most important matter of who should run the corporation. When the company issues new stock, stockholders have priority to buy a certain number of shares before they are offered for public sale. Stockholders also receive periodic reports, usually quarterly, that provide information regarding the corporation's business performance. Stocks generally are negotiable, which means stockholders have the right to assign or transfer their shares to another individual.

A stockholder is considered a business owner and has the protection of limited liability under United States laws. Limited liability means that a stockholder is not personally liable for the debts of the corporation. The most a stockholder can lose if the company fails is the amount of his or her investment -- what he or she originally paid for the stock. This arrangement differs from that of other forms of business organization, which are known as sole proprietorships and partnerships. These business owners are personally liable for the debts of their businesses.

Corporations have good reasons to issue stocks. They issue stock in order to finance their business activities. This method of raising funds is only available to business firms organized as corporations; it is not available to sole proprietorships and partnerships. The corporation can use the proceeds of a stock offering in a variety of ways. Depending on the type of company, this might involve increasing research and development operations, purchasing new equipment, opening new facilities or improving old ones, or hiring new employees.

An alternative to stock financing is debt financing or the sale of bonds, an interest-bearing loan. This alternative is also available to sole proprietorships and partnerships. With the issuance of a bond a company typically promises to make periodic interest payments to the lender or bondholder as well as pay back the amount of the bond when the term of the bond comes to an end. Thus bonds are evidence of loans while stocks are evidence of ownership. Stocks and bonds are collectively known as securities.

When a corporation first makes stock available for public purchase, it works with an investment banking firm to arrange an initial public offering (IPO). The investment bank acquires the first issue of stocks from the corporation at a negotiated price, and then makes the shares available for sale to its clients and other investors.

A corporation can only have one IPO -- the first time it makes stock available to the public. After its IPO, a company is said to be public. Public corporations that need additional financing for further business development may choose to issue more stock at a later time. This is called a subsequent, or follow-on, offering.

Some corporations may choose not to go public. In this case it is said to be a privately held corporation. A corporation may elect to remain private because it docs not want to share its profits, or it may not want to give up control to shareholders.

Most of the information reported in the daily news media about the buying and selling of stock refers to transactions involving previously issued stock. The daily buying and selling of stock rarely involv

A．Y

B．N

C．NG

ity fraud are terms used to refer to all types of crime in which someone wrongfullyobtains and uses another persons personal data in some way that involves fraud or deception, typically foreconomic gain. B）The numbers associated with identity theft are beginning to add up fast these days. A recent GeneralAccounting Office report estimates that as many as 750,000 Americans are victims of identity theft every year.And that number may be low, as many people choose not to report the crime even if they know they have beenvictimized: C）Identity theft is "an absolute epidemic", states Robert Ellis Smith, a respected author and advocate of privacy,"Its certainly picked up in the last four or five years. Its worldwide. It affects everybody, and theres very littleyou can do to prevent it and, worst of all, you cant detect it until its probably too late." D）Unlike your fingerprints, which are unique to you and cannot be given to someone else for their use, yourpersonal data, especially your social security number, your bank account or credit card number, your telephonecalling card number, and other valuable identifying data, can be used, if they fall into the wrong hands, topersonally profit at your expense. In the United States and Canada, for example, many people have reportedthat unauthorized persons have taken funds out of their bank or financial accounts, or, in the worst cases, taken over their identities altogether, rtmning up vast debts and committing crimes while using the victims names. Inmany cases, a victims losses may include not only out-of-pocket financial losses, but substantial additionalfinancial costs associated with trying to restore his reputation in the community and correcting erroneousinformation for which the criminal is responsible. E） According to the FBI, identity theft is the number one fraud committed on the Internet. So how do job seekersprotect themselves while continuing to circulate their resumes online？ The key to a successful online jobsearch is learning to manage the risks. Here are some tips for staying safe while conducting a job search on theInternet. F）Check for a privacy policy. If you are considering posting your resume online, make sure the job search siteyou are considering has a privacy policy, like CareerBuilder.com. The policy should spell out how yourinformation will be used, stored and whether or not it will be shared. You may want to think twice aboutposting your resume on a site that automatically shares your information with others. You could be openingyourself up to unwanted calls from solicitors (推销员). When reviewing the sites privacy policy, youll be ableto delete your resume just as easily as you posted it. You wont necessarily want your resume to remain outthere on the Internet once you land a job. Remember, the longer your resume remains posted on a job board,the more exposure, both positive and not-so-positive, it will receive. G）Take advantages of site features. Lawful job search sites offer levels of privacy protection. Before posting yourresume, carefully consider your job search objectives and the level of risk you are willing to assume.CareerBuilder.com, for example, offers three levels of privacy from which job seekers can choose. The first isstandard posting. This option gives job seekers who post their resumes the most visibility to the broadestemployer audience possible. The second is anonymous(匿名的) posting. This allows job seekers the samevisibility as those in the standard posting category without any of their contact information being displayed.Job seekers who wish to remain anonymous but want to share some other information may choose whichpieces of contact information to display. The third is private posting. This option allows a job seeker to post aresume without having it searched by employers. Private posting allows job seekers to quickly and easily applyfor jobs that appear on CareerBuilder.com without retyping their information. H）Safeguard your identity. Career experts say that one of the ways job seekers can stay safe while using theIntemet to search out jobs is to conceal their identities. Replace your name on your resume with a generic (泛指的) identifier, such as "Intranet Developer Candidate", or "Experienced Marketing Representative". Youshould also consider eliminating the name and location of your current employer. Depending on your title, itmay not be all that difficult to determine who you are once the name of your company is provided. Use ageneral description of the company such as "Major auto manufacturer," or "international packaged goodssupplier." If your job title is unique, consider using the generic equivalent instead of the exact title assigned byyour employer. I）Establish an email address for your search. Another way to protect your privacy while seeking employmentonline is to open up an email account specifically for your online job search. This will safeguard your existingemail box in the event someone you dont know gets hold of your email address and shares it with others.Using an email address specifically for your job search also eliminates the possibility that you will receiveunwelcome emails in your primary mailbox. When naming your new email address, be sure that it doesntcontain references to your name or other information that will give away your identity. The best solution is anemail address that is relevant to the job you are seeking such as salesmgr2004@provider.com. J）Protect your references. If your resume contains a section with the names and contact information of yourreferences, take it out. Theres no sense in safeguarding your information while sharing private contactinformation of your references. K）Keep confidential (机密的) information confidential. Do not, under any circumstances, share your social security, drivers license, and bank account numbers or other personal information, such as race or eye color.Honest employers do not need this information with an initial application. Dont provide this even if they saythey need it in order to conduct a background check. This is one of the oldest tricks in the book--dont fallfor it. Those who post their resumes online for a long time will run an increased risk of becoming victims of identity theft.

根据以下材料，回答题

Why is the Native Language Learnt So Well

How does it happen that children learn their mother tongue so well？ When we compare them with adults learning a foreign language， we often find this interesting fact. A little child without knowledge or experience often succeeds in a complete mastery of the language. A grown-up person with fully developed mental powers， in most case， may end up with a faulty and inexact command.

What accounts for this difference？

Despite other explanations， the real answer in my opinion lies partly in the child himself，partly in the behavior. of the people around him. In the first place， the time of learning the mother tongue is the most favorable of all， namely， the first years of life. A child hears it spoken from morning till night and， what is more important， always in its genuine form， with the right pronunciation， right intonation， right use of words and right structure. He drinks in all the words

and expressions， which come to him in a flash， ever-bubbling spring. There is no resistance: there is perfect assimilation.

Then the child has， as it were， private lessons all the year round， while an adult language-student has each week a limited number of hours， which he generally shares with others. The child has another advantage: he hears the language in all possible situations， always accompanied by the right kind of gestures and facial expressions. Here there is nothing unnatural， such as is often found in language lessons in schools， when one talks about ice and snow in Juneorscorching heat in January.

And what a child hears is generally what immediately interests him. Again and again， when his attempts at speech are successful， his desires are understood and fulfilled.

Finally， though a child"s "teachers" may not have been trained in language teaching， their relations with him are always close and personal. They take great pains to make their lessons easy.

Compared with adults learning a foreign language， children learn their native language with ease. 查看材料

A.Right

B.Wrong

C.Not mentioned

Protect Your Privacy When Job-hunting Online

Identity theft and identity fraud are terms used to refer to all types of crime in which someone wrongfully obtains and uses another person's personal data in some way that involves fraud or deception, typically for economic gain.

The numbers associated with identity theft are beginning to add up fast these days. A recent General Accounting Office report estimates that as many as 750,000 Americans are victims of identity theft every year. And that number may be low, as many people choose not to report the crime even if they know they have been victimized.

Identity theft is "an absolute epidemic," states Robert Ellis Smith, a respected author and advocate of privacy. "It's certainly picked up in the last four or five years. It's worldwide. It affects everybody, and there's very little you can do to prevent it and, worst of all, you can't detect it until it's probably too late."

Unlike your fingerprints, which are unique to you and cannot be given to someone else for their use, your personal data, especially your social security number, your bank account or credit card number, your telephone calling card number, and other valuable identifying data, can be used, if they fall into the wrong hands, to personally profit at your expense. In the United States and Canada, for example, many people have reported that unauthorized persons have taken funds out of their bank or financial accounts, or, in the worst cases, taken over their identities altogether, running up vast debts and committing crimes while using the victims' names. In many cases, a victim's losses may include not only out-of-pocket financial losses, but substantial additional financial costs associated with trying to restore his reputation in the community and correcting erroneous information for which the criminal is responsible.

According to the FBI, identity theft is the number one fraud committed on the Internet. So how do job seekers protect themselves while continuing to circulate their resumes online？ The key to a successful online job search is learning to manage the risks. Here are some tips for staying safe while conducting a job search on the Internet.

1. Check for a privacy policy.

If you are considering posting your resume online, make sure the job search site you are considering has a privacy policy, like CareerBuilder.com. The policy should spell out how your information will be used, stored and whether or not it will be shared. You may want to think twice about posting your resume on a site that automatically shares your information with others. You could be opening yourself up to unwanted calls from solicitors(推销员).

When reviewing the site's privacy policy, you'll be able to delete your resume just as easily as you posted it. You won't necessarily want your resume to remain out there on the Internet once you land a job. Remember, the longer your resume remains posted on a job board, the more exposure, both positive and not-so-positive, it will receive.

2. Take advantage of site features.

Lawful job search sites offer levels of privacy protection. Before posting your resume, carefully consider your job search objectives add the level of risk you are willing to assume.

CareerBuilder.com, for example, offers three levels of privacy from which job seekers can choose. The first is standard posting. This option gives job seekers who post their resumes the most visibility to the broadest employer audience possible.

The second is anonymous(匿名的) posting. This allows job seekers the same visibility as those in the standard posting category without any of their contact information being displayed. Job seekers who wish to remain anonymous but want to share some other information may choose which pieces of contact information to display.

The third is priv

A．Y

B．N

C．NG

Stockholders are not allowed to sell their shares to other people.

A．Y

B．N

C．NG

A.a majority of outstanding shares

B.a majority of unissued shares

C.a majority of treasury shares

D.a majority of liquidated shares

A．He disagrees with the woman.

B．He prefers not to argue about it.

C．He shares the woman's opinion.

D．He wasn't able to live in the hotel.