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Passage 14Questions 8—12  ● Read the article below about GE.  ● Choose the best sentence from the opposite page to fill each of the gaps.  ● For each gap (8—12), mark one letter (A—G) on your Answer Sheet.  ● Do not use any letter more than once.  ● There is an example at the beginning, (0).A slipping crown  For decades America’s General Electric (GE) has worn its AAA credit rating as a badge of pride. The company has also used it to mint money in its financial-services business, GE Capital. No longer (0)______. That added insult to the injury that GE has already suffered.  Last year the outfit generated a profit of $8.6 billion or almost 48% of GE’s total earnings. By exploiting its AAA rating, GE Capital was able to raise capital cheaply and then deploy it to fund everything from commercial-property and home loans to credit-card lending and insurance. (8)______. Announcing its decision to downgrade the business, S&P predicted rising credit losses in coming months in several areas of GE Capital’s portfolio.  Although GE’s demotion from AAA was bad news, it triggered a rise in the firm’s shares, which had recently been trading at about the same price as one of the light bulbs that the company makes. (9)______. They may also have taken comfort from the agency’s conclusion that GE’s industrial businesses should continue to pump oodles of cash, in spite of the global downturn.  Yet some financial analysts are still fretting that GE Capital’s portfolio may contain more nasty surprises. (10)______. They also wonder out loud whether Moody’s, another rating agency, will take a more pessimistic view of GE’s prospects when it finishes a review of the AAA rating that it still assigns to the firm.  Next week GE plans to hold an in-depth briefing on the state of the assets in GE Capital’s portfolio, which will help to dispel the cloud still hanging over the business. It has also been telling anyone who will listen that it doesn’t expect this week’s downgrade to have a significant impact on its business, though it does plan to keep shrinking GE Capital’s activities so that the unit represents no more than 30% of total profit. (11)______. GE is sitting on $48 billion of cash and has already raised over 90% of its long-term debt needs for this year—no mean feat in a dire credit market.  The company also plans to slash its dividend from the second half of 2009, which it reckons to conserve an additional $9 billion a year on an ongoing basis. (12)______.. In his annual letter to shareholders published recently, Mr. Immelt admitted that GE’S reputation had been “tarnished”.  A. This has made some of the company’s small investors apoplectic; they have grown used to juicy dividend payments.  B. Jeff Immelt, GE’s CEO, has said that the overall company will continue to manage itself like a AAA-rated firm, notably by keeping plenty of liquidity to hand.  C. Resolving lingering doubts over GE Capital quickly will be essential if one of America’s most iconic companies is to regain its shine.  D. They point out that the business does not mark many of its assets to their market price—a practice that has blown huge holes in the finances of many big banks.  E. No doubt investors were relieved that S&P didn’t make an even deeper cut in the company’s rating.  F. But the chaos triggered by the credit crunch has taken the shine off GE’s cash machine, which has seen some of its property and other loans turn sour.  G. S&P stripped the company and its financial arm of their top-notch ratings, downgrading them to AA-plus.

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更多 “问答题Passage 14Questions 8—12  ● Read the article below about GE.  ● Choose the best sentence from the opposite page to fill each of the gaps.  ● For each gap (8—12), mark one letter (A—G) on your Answer Sheet.  ● Do not use any letter more than once.  ● There is an example at the beginning, (0).A slipping crown  For decades America’s General Electric (GE) has worn its AAA credit rating as a badge of pride. The company has also used it to mint money in its financial-services business, GE Capital. No longer (0)______. That added insult to the injury that GE has already suffered.  Last year the outfit generated a profit of $8.6 billion or almost 48% of GE’s total earnings. By exploiting its AAA rating, GE Capital was able to raise capital cheaply and then deploy it to fund everything from commercial-property and home loans to credit-card lending and insurance. (8)______. Announcing its decision to downgrade the business, SP predicted rising credit losses in coming months in several areas of GE Capital’s portfolio.  Although GE’s demotion from AAA was bad news, it triggered a rise in the firm’s shares, which had recently been trading at about the same price as one of the light bulbs that the company makes. (9)______. They may also have taken comfort from the agency’s conclusion that GE’s industrial businesses should continue to pump oodles of cash, in spite of the global downturn.  Yet some financial analysts are still fretting that GE Capital’s portfolio may contain more nasty surprises. (10)______. They also wonder out loud whether Moody’s, another rating agency, will take a more pessimistic view of GE’s prospects when it finishes a review of the AAA rating that it still assigns to the firm.  Next week GE plans to hold an in-depth briefing on the state of the assets in GE Capital’s portfolio, which will help to dispel the cloud still hanging over the business. It has also been telling anyone who will listen that it doesn’t expect this week’s downgrade to have a significant impact on its business, though it does plan to keep shrinking GE Capital’s activities so that the unit represents no more than 30% of total profit. (11)______. GE is sitting on $48 billion of cash and has already raised over 90% of its long-term debt needs for this year—no mean feat in a dire credit market.  The company also plans to slash its dividend from the second half of 2009, which it reckons to conserve an additional $9 billion a year on an ongoing basis. (12)______.. In his annual letter to shareholders published recently, Mr. Immelt admitted that GE’S reputation had been “tarnished”.  A. This has made some of the company’s small investors apoplectic; they have grown used to juicy dividend payments.  B. Jeff Immelt, GE’s CEO, has said that the overall company will continue to manage itself like a AAA-rated firm, notably by keeping plenty of liquidity to hand.  C. Resolving lingering doubts over GE Capital quickly will be essential if one of America’s most iconic companies is to regain its shine.  D. They point out that the business does not mark many of its assets to their market price—a practice that has blown huge holes in the finances of many big banks.  E. No doubt investors were relieved that SP didn’t make an even deeper cut in the company’s rating.  F. But the chaos triggered by the credit crunch has taken the shine off GE’s cash machine, which has seen some of its property and other loans turn sour.  G. SP stripped the company and its financial arm of their top-notch ratings, downgrading them to AA-plus.” 相关考题
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考题 问答题Passage 2  ● Read the information below about a company meeting.  ● Choose the best word to fill each gap. Mark one letter (A, B, or C) on your book.  ● Do not use any letter more than once.  The annual staff meeting of Harcourt Electronics took place (29)______ 28th June, 1995. All members attended the meeting (30)______those who were not in the city.  John Stevens, the Managing Director, reported (31)______ the company’s performance for l994/1995 (32)______ compared it with previous years. He explained that Harcourt Electronics had increased (33)______market share by 3%.However, he said staff (34)______not relax because the company (35)______not fully recovered from the economic difficulties of recent years.  Next year there will (36)______ eight more sales staff in South East Asia (37)______will be responsible for finding new clients. If any current staff are interested (38)______joining this team, they can apply (39)______giving their names to the Personnel Manager.  Plans to move the company’s New York branch to new premises were (40)______discussed.  29. A on     B at      C in  30. A without  B except    C minus  31. A at     B by      C on  32. A and    B before    C so  33. A his    B its      C your  34. A had    B must     C were  35. A did    B would     C had  36. A be     B have     C do  37. A which   B who      C where  38. A about   B with     C in  39. A for     B to      C by  40. A also    B too      C more

考题 问答题Passage 7  ● Read the article below about the importance of hiring right people.  ● Choose the correct word to fill each gap from A, B or C on the opposite page.  ● For each question 29-40, mark one letter (A, B, or C) on your Answer Sheet.Hiring: Do You Know How Important to Pick Them?  Your small business is growing, the market has a need (29)______ your product, and you’re recruiting employees to expand your business. What could possibly (30)______ wrong? The answer is, a lot, (31)______ you don’t hire the right people.  One of the differences between businesses that boom and (32)______ that limp along is good employees. Obviously, your talent as an entrepreneur has a lot to do (33)______ the success of your business, but you (34)______ only go so far by yourself. You must find good employees, figure out (35)______ motivates them, and then place them into the right position.  Hiring employees is (36)______ and requires a lot of patience and energy. You have to resist the temptation to fill the job quickly with one of the first few (37)______ who come along or (38)______ someone who is only sufficient (39)______ you want to stop (40)______ and get back to your business.  29. A for          B to           C in  30. A leave          B come          C go  31. A Although        B if           C but  32. A these         B those         C they  33. A on           B in           C with  34. A can          B ought         C shall  35. A what          B that          C which  36. A time-consume      B time-consumed      C time-consuming  37. A person         B people         C peoples  38. A hire          B hires          C hiring  39. A so           B because        C while  40. A interviews       B interview       C interviewing

考题 问答题The extract below comes from an article which appeared in a magazine called Society Today. You read the extract and have strong feelings about its contents, and decide to write an article, in which you respond to the points made and express your own views.  You should write the article in no fewer than 120 words. Now write your letter on the answer sheet.

考题 问答题Practice 7  ● Look at the list below. It shows the departments of a company.  ● For questions 6-10, decide in which department (A-H) each person on the opposite page works.  ● For each question, mark one letter (A-H) on your Answer Sheet.  ● Do not use any letter more than once.  A Customer service department  B Design department  C Engineering department  D Facilities department  E Finance department  F Human resources department  G Legal department  H Shipping and receiving department  6. Richard Saunders is responsible for accepting materials from their suppliers.  7. John Knight and his team are responsible for the maintenance of the company building.  8. Gina Theismann is dealing with the complaints from a customer.  9. Robin Seaton is working on the training plan for the new employees.  10. Helen Marsden and her team are making the company’s budget for next year.

考题 问答题Practice 6  ● Look at the list below. It shows pages from a company’s website on the internet.  ● For questions 6-10, decide which page (A-H) is the most suitable for each person below to  select.  ● For each question, mark the correct letter (A-H) on your Answer Sheet.  ● Do not use any letter more than once.  Sky Systems Ltd: Website Directory  A Company History  B Company Organization  C Annual Report  D Company Goals  E Product Information  F Retail Outlets  G Customer Complaints  H Latest News  6. Adam Smith is not satisfied with some goods he bought.  7. Rachel Cains wants to find out when the company started trading.  8. Hazel Thomas needs to know the name of the Personnel Officer.  9. Dominic Noble has to find out how the company performed last year.  10. Benjamin Tidswell wants the address of his nearest Sky Systems dealer.

考题 问答题Practice 3  ● Look at the leaflet below. It shows a list of talks organized by a marketing association for its member.  ● For questions 6-10, decide which event (A-H) is the most suitable for each person.  ● For each question, mark one letter (A-H) on your Answer Sheet.  ● Do not use any letter more than once.  BA Marketing Association  Events for March  A Business to business marketing: secrets of successful networking  B Improving e-marketing performance  C Using market researchers—why and how  D IT in presentations—what’s available and how to use it  E Advertising, PR or Marketing— which is king  F Making the appearance of products more attractive  G Well trained staff—an important marketing tool  H Tripton Motors, marketing success story  6. Eddie Smith’s director wants him to attend a talk on the benefits of updating employees’ marketing skills.  7. The product manager of Smiths Engineering wants to know about the effectiveness of computer graphics when giving talks to major clients.  8. Rachel Green’s company advertises mainly through magazines. But she needs to make more effective use of the company’s website.  9. An advertising trainee has read a research report on the importance of design and packaging and would like more information.  10. Computer services provider McDonald wants to find out about ways of making useful contacts in other companies.

考题 问答题Passage 6  ● Read the text below about some of America’s newspapers, which are facing extinction, unless they evolve.  ● Choose the best sentence from the opposite page to fill each of the gaps.  ● For each gap 9-14, mark one letter(A-H) on your Answer Sheet.  ● Do not use any letter more than once.  ● There is an example at the beginning (0).On the brink  The New York Times was once the best example of all that was great about American newspapers. The Grey Lady’s circulation is tumbling down another 3.9% according to the latest data from America’s Audit Bureau of Circulations (ABC). (9)______.  Pick almost any American newspaper company and you can tell a similar story. The ABC reported that for the 530 biggest daily newspapers, average circulation in the past six months was 3.6% lower than in the same period a year earlier. As for Sunday papers, it was 4.6% lower.  Ad revenues are plunging across the board: by 22.3% at Media General, for example. In 2007 total newspaper revenues fell to $42.2 billion. (10)______.  Much of this decline is being blamed on the rise of the Internet, which offers free, round-the-clock coverage. What’s more, Internet has provided a new, better home for classified advertising, which was once the source of most newspapers’ revenue. (11)______. The number one cause is the troublesome housing market, which contributes a large slice of classified advertising.  Industry experts such as Lucas Rich Fine of Kent State University do not think that the Times is responding forcefully enough. (12)______. Mr. Fine also points out that although all newspapers are being affected by the Internet, their ability to respond will probably depend on whether their audiences are national, metropolitan or local. The first category can afford to invest in distinctive international or business coverage, while the last can prosper by becoming ‘more intensely local’. But he fears that the big metropolitan newspapers may find themselves trapped in the middle.  Not all is lost, however. (13)______. For instance, a number of newspapers are becoming ‘information and connection utilities’, through such offerings as local internet forums. The Pocono Record has renamed reporters ‘content managers’, since they oversee all the coverage of their beat, both in print and online, and get a bonus for higher web traffic.  The hero for industry optimists is Brian Tierney, a former public-relations executive. Last year, he led a group of investors that borrowed heavily to buy Philadelphia’s two main dailies. (14)______. He is also finding new ways to drum up advertising, such as introducing a business column sponsored by a local bank.  A. Certainly, it was not something to be sniffed at, but much less than the peak of $48.7 billion in 2000.  B. However, some of the fall in revenues is actually due to the economic slowdown in America.  C. Its advertising revenues are down, too, 12.5% lower in March than a year earlier.  D. He has since revived them with a vigorous marketing drive.  E. Nevertheless, as a major newspaper, it still boasts a well-educated readership.  F. Plenty of innovation is taking place, particularly at local papers.  G. ‘Now is the time to beef up its business section’ he says.  H. Now it symbolizes the difficult situation the whole industry is faced with.

考题 问答题Passage 6Question 8-12  ● Read this text which is about issues of health and safety in a factory.  ● Choose the best sentence from the list A-G to fill each of the blanks.  ● For each blank (8-12) mark one letter (A–G) on your Answer Sheet.  ● Do not mark any letter twice.  ● One answer has been given as an example.MAKE BIETANM A MOST FAVORED NATION  For 25 years, Vietnam has been an open sore on the U.S. body politic: It not only ate up thousands of American lives and billions of US dollars, but also often reminded the Americans of bitter failure (0)______. Only in the past year has Washington begun rebuilding links by allowing aid from international organizations and lifting the trade embargo.  But that's not enough (8)______.. The Key step is to grant most-favored-nation status to Vietnam, letting Vietnamese goods enter the U.S. at favorable tariff rates (9)______.. Why MFN for Vietnam? (10)______.. Strained trade relations between the two countries make it less likely that American companies will get their share of these contracts. (11)______.. In both the North and South, Americans are highly regarded, and American companies are welcomed as a counter-balance to Japanese, Chinese, and European investment.  Granting MFN to Vietnam is sure to be controversial (12)______.. But it should be taken seriously.  A. The U.S. government may not like a heated dispute on this neglectable issue.  B. The U.S. response to defeat was to block international did and forbid American companies to do business there.  C. Moreover, despite the conflicts of the past, Vietnam could be a tremendous ally for the U.S.  D. It’s time now to move toward establishing normal ties with Vietnam whose economy is growing 8% a year.  E. To start with,Vietnam will sign contracts involving billions on telecommunications,power plants,and airliners.  F. Given the trouble of Clinton Administration’s foreign policy,the issue will be held in suspension.  G. That would give Vietnam equal footing with most other countries,including Russia and—at least for now—China.

考题 问答题You recently entered a competition for learners of English. You have just received this letter from the organizers of the competition, on which you have written some notes.  Read the letter carefully. Then write a reply giving the information requested and also covering the notes you have written in the letter.  Write a letter of no fewer than 80 words in an appropriate style on the answer sheet. Do not write any addresses.

考题 问答题Practice 5  ● Look at the table of contents of a report provided by Industrial Development Agency of Ireland below. The table shows the sections of the report.  ● For questions 6-10, decide which section (A-H) would be needed by each person.  ● For each question, mark one letter (A-H) on your Answer Sheet.  ● Do not use any letter more than once.  THINKING OF INVESTING IN THIS COUNTRY?  Need to have a detailed knowledge of one or more of the following  TABLE OF CONTENTS  A Chairman and CEO Overview  B Research and Innovation  C Investment Highlights  D Statistics  E Board and Committees of the Board 2007  F Corporate Governance  G Organisational Structure and IDA Offices  H Financial Statements  6. Sarah Lee would like to know the strengths in research in Ireland.  7. Barrie Watson needs a list of the board members.  8. Tim Longman wants to have a general knowledge of the development of Ireland.  9. Scott Forrest needs to know the locations of the agency’s offices.  10. Joshua Golder wants to find out which companies have invested in Ireland.

考题 问答题Passage 9  ● Read the article below about time management.  ● Choose the correct word to fill each gap, from A, B or C on the opposite page.  ● For each question 29-40, mark one letter (A, B or C) on your Answer Sheet.Time management  Until recently, books on how to manage your time at work were seen as a bit of a joke in the business world. Many were enjoyable to read (29)______ weren’t taken seriously. (30)______ told their readers to dress well, be positive, decide (31)______ they were going and then use (32)______ valuable minute to make sure they got there. One very successful book, first published twenty years (33)______ and still available in bookshops, is The One-Minute Manager. It tells the story of a keen young man who wants to learn (34)______ about how to be a top-performing executive. The authors believe that most people (35)______ the day putting (36)______ problems, or when they do try to solve (37)______ don’t do enough. According (38)______ the authors, having achievable targets should be a manager’s aim. Managers everywhere should read (39)______ book carefully, in order to benefit from (40)______ sensible advice.  29. A but      B or      C even  30. A It       B They     C We  31. A where      B who      C why  32. A some      B. All     C every  33. A before     B. Ago     C since  34. A lot      B much     C more  35. A spend     B spending   C spent  36. A. About     B over     C off  37. A them      B these     C those  38. A for       B from     C to  39. A the       B one      C. A  40. A their     B his      C its

考题 问答题Passage 7  ● Read the text about career-planning services.  ● Choose the best sentence from the opposite page to fill each of the gaps.  ● For each gap 9-14, mark one letter(A-H)on your Answer Sheet.  ● Do not use any letter more than once.  ● There is an example at the beginning (0).Real Training for All-Action Managers  Learning by doing is familiar to every manager sent on a training course. Invariably this involves role-play based on studies of long-ago triumphs and disasters from a relevant industry or organization. The problem is, any experience of decision-making gained from role-play has one obvious shortcoming: it is not real life.  To tackle this dilemma, some of the best-known companies have set up the International Management Development Consortium, which provides a range of executive development programmes for staff members. (9)______. What this means is that they involve “action learning” through real-life situations, and participants work as problem-solving consultants on projects within companies engaged in day-to-day business.  (10)______. Within this they also take training and refresher courses in traditional business skills such as finance, marketing, staff management and strategic planning. These disciplines are taught by a mix of academics, business people and senior managers from Consortium companies who also monitor the consultancy work.  (11)______. Generally, those who choose to attend the course come from various countries, reflecting the multi-national nature of companies within the Consortium. (12)______. As a result of this cross-cultural exchange, the people on the course learn a great deal from each other—and often keep in contact on a professional level long after the end of their course.  The Consortium says language difficulties are not a problem when consultancies are undertaken for foreign companies on site. A translator is on hand to deal with difficulties which arise from technical terms or jargon.  (13)______. This is because they are not charged consultancy fees, although a nominal sum is payable for administration. The funding for the scheme is provided by each Consortium member who contributes to the cost of running the training courses, and the amount involved is considerably less than fees charged by leading business schools, (14)______. “it is,” says the Chairman, “a real learning experience with techniques that can easily be used back at work. ”  A. They are being offered by companies who are aware of the benefits of the range of knowledge offered by the people on the course.  B. As well as the savings, there are also the dividends it pays in the form of improved staff performance.  C. The difference between these programmes and the average executive course, however, is that these courses are based on the concept of “live” consultancy.  D. In this way, participants can also benchmark themselves against the best members from a range of Consortium companies.  E. This means that within every training group there will be a wide variety of experience, which is discussed and explored by the group.  F. Typically, groups of up to six course members undertake projects as part of this development programme.  G. Another major adHigher is that these companies usually get their problems solved very cheaply.  H. Managers are typically cast as key figures in these dramas; the comparisons are made later between how they dealt with the fictional situation and the actual event.

考题 问答题Passage 7Questions 8 - 12  ● Read this advertisement for a set of training videos and instructional material.  ● Choose the best sentence from the opposite page to fill each of the gaps.  ● For each gap 8 - 12 mark one letter A -G.  ● Do not mark any letter twice.  ● One answer has been given as an example.  54 Jermyn Street  London SW1Y6LX  3rd January 1993  Mr. James Levine  Sales Manager  Lincoln Mondary Winery  30 St. James’s Street  London SWIA 1HG  Dear Mr. Levine:  (0)______. I believe I could do a good job for the Lincoln Mondaly Wintery because of both my related work experience with Pawn Wine Incorporation and my marketing courses at London University. The courses in marketing management and retailing listed on the enclosed resume have given me a sound background in marketing(8)______.  Working as an assistant to the Sales Manager of Pawn Wine Incorporation, one of the two distributors for Lincoln Mondaly Wine in Southern England, gave me experience in dealing with people and increased my understanding of the business (9)______. For example, I organized Wine seminars for many of the larger wine factories in England. My responsibilities included finding accommodations for the seminars, working closely with specific wineries, contacting the prospective audience, preparing charts and speeches and giving presentations (10)______.I also arranged wine tasting for charitable and other organizations (11)______..  During my teenage years my stepfather worked as a sales manager for a wine import company, so I have been exposed to the business end of wine from a young age (12)______.I would really like to be a part of your company since it has the reputation of producing superior wines and for having a progressive attitude toward business methods.  Please telephone me at 213-555-6897 to arrange a mutually convenient time when I can further discuss with you my qualifications for your position of marketing assistant.  Yours faithfully,  James Woolsey  Example: D  A. This gave me additional experience in dealing with people and a chance to use some of the knowledge acquired in class and on the job.  B. For this kind of work, I have found my teaching background to be a valuable help.  C. Sometimes I feel that I have wine, not blood, running through my veins.  D. Thank you for contacting me about the position of marketing assistant that you have available at this time.  E. This specialized training, together with the knowledge obtained in working for my bachelor’s degree of Business Administration, should enable me to carry out your marketing procedures.  F. However, I believe I am qualified for this position of Marketing Assistant.  G. Mr. Edmund, the Sales Manager of Pawn Wine Incorporation, gave me varied assignments with appropriate responsibilities.

考题 问答题Practice 2  ● Look at the HR list below. It shows the titles of each person.  ● For questions 6-10, decide who does these jobs.  ● For each question, mark one letter A-H on your book.  ● Do not use any letter more than once.  A Mr. Brown Accountant        E Mr. Harvers Clerk  B Mr. Wright Buyer          F Ms. Hampson Sales Representative  C Mrs. Turnner Quality Controller   G Miss Law Receptionist  D Mr. Edwards Typist         H Ms. Smith Marketing Manager  6. Who answers the phones and welcomes the visitors?  7. Who purchase the stationeries for the company?  8. Who works on the sales volume of the company?  9. Who looks at the company’s profits and costs?  10. Who makes sure the company’s products are well made?

考题 问答题You wish to enroll in a PhD course (of your choice) at a UK university. You have already written a letter to the university asking for information but have received no reply.  Write a letter to the university explaining your concern, because the course starts in less than two months. You need to know if you can still enroll, and you also require further information about the course, including the cost.  Write a letter of about 100 words in an appropriate style on the answer sheet. Do not write any postal addresses. Do not sign your own name at the end of the letter.

考题 问答题Practice 1  ● Look at the notice below. It shows the departments in a company.  ● For questions 6-10, decide which department A-H each employee should contact.  ● For each question, mark one letter A-H on your Answer Sheet.  ● Do not use any letter more than once.  MOLEWORTH PLC  CANBERRA. AUSTRALIA  Ground Floor:  A Wages&Salaries  B Marketing  C Quality Control  First Floor:  D Typing Service  E Exports  F Purchasing  Second Floor:  G Personnel  H Training  6. Ms. Williams needs to send a large order to an important customer in the USA.  7. John Carter needs extra staff to help with an unexpected order.  8. Mr. Wales wants to discuss advertising for his new product.  9. Mary Walden thinks she has been charged too much tax on her pay.  10. Jan Whittaker has a box of faulty goods which a shop has sent back.

考题 问答题Passage 14Questions 8—12  ● Read the article below about GE.  ● Choose the best sentence from the opposite page to fill each of the gaps.  ● For each gap (8—12), mark one letter (A—G) on your Answer Sheet.  ● Do not use any letter more than once.  ● There is an example at the beginning, (0).A slipping crown  For decades America’s General Electric (GE) has worn its AAA credit rating as a badge of pride. The company has also used it to mint money in its financial-services business, GE Capital. No longer (0)______. That added insult to the injury that GE has already suffered.  Last year the outfit generated a profit of $8.6 billion or almost 48% of GE’s total earnings. By exploiting its AAA rating, GE Capital was able to raise capital cheaply and then deploy it to fund everything from commercial-property and home loans to credit-card lending and insurance. (8)______. Announcing its decision to downgrade the business, SP predicted rising credit losses in coming months in several areas of GE Capital’s portfolio.  Although GE’s demotion from AAA was bad news, it triggered a rise in the firm’s shares, which had recently been trading at about the same price as one of the light bulbs that the company makes. (9)______. They may also have taken comfort from the agency’s conclusion that GE’s industrial businesses should continue to pump oodles of cash, in spite of the global downturn.  Yet some financial analysts are still fretting that GE Capital’s portfolio may contain more nasty surprises. (10)______. They also wonder out loud whether Moody’s, another rating agency, will take a more pessimistic view of GE’s prospects when it finishes a review of the AAA rating that it still assigns to the firm.  Next week GE plans to hold an in-depth briefing on the state of the assets in GE Capital’s portfolio, which will help to dispel the cloud still hanging over the business. It has also been telling anyone who will listen that it doesn’t expect this week’s downgrade to have a significant impact on its business, though it does plan to keep shrinking GE Capital’s activities so that the unit represents no more than 30% of total profit. (11)______. GE is sitting on $48 billion of cash and has already raised over 90% of its long-term debt needs for this year—no mean feat in a dire credit market.  The company also plans to slash its dividend from the second half of 2009, which it reckons to conserve an additional $9 billion a year on an ongoing basis. (12)______.. In his annual letter to shareholders published recently, Mr. Immelt admitted that GE’S reputation had been “tarnished”.  A. This has made some of the company’s small investors apoplectic; they have grown used to juicy dividend payments.  B. Jeff Immelt, GE’s CEO, has said that the overall company will continue to manage itself like a AAA-rated firm, notably by keeping plenty of liquidity to hand.  C. Resolving lingering doubts over GE Capital quickly will be essential if one of America’s most iconic companies is to regain its shine.  D. They point out that the business does not mark many of its assets to their market price—a practice that has blown huge holes in the finances of many big banks.  E. No doubt investors were relieved that SP didn’t make an even deeper cut in the company’s rating.  F. But the chaos triggered by the credit crunch has taken the shine off GE’s cash machine, which has seen some of its property and other loans turn sour.  G. SP stripped the company and its financial arm of their top-notch ratings, downgrading them to AA-plus.

考题 问答题Practice 4  ● Look at the list below. It shows articles in a business website.  ● For questions 6-10, decide which article (A-H) each person on the opposite page should read.  ● For each question, mark one letter (A-H) on your Answer Sheet.  ● Do not use any letter more than once.  Articles  A Setting up an Online Home Based Business—2 Mistakes to Avoid  B Tips to Buying Property Abroad  C How to Conduct an Interview?  D Management Communication Techniques  E Five Tips on Advertising Your Property  F Honesty Proves Best Policy for Job Hunter  G Land Investment—An Investors’ Guideline  H Five Signs You’re in the Wrong Job  6. John Shawn wants to sell his house.  7. Robin Seaton is responsible for recruiting new staff.  8. Thomas Kingsley is looking for a new job.  9. Mary Kay would like to start business on the Internet.  10. James Bensen is going to buy a house in another country.

考题 问答题Directions: You have read an ad on the board in which an American student is looking for a Chinese student as a language partner. Write an email to him to apply for the post. You should write about 100 words. Do not sign your own name at the end of the letter. Use “Li Ming” instead. Now write the letter on the Answer Sheet.