公共英语一级-144及答案解析.doc
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1、公共英语一级-144 及答案解析(总分:100.00,做题时间:90 分钟)一、READING(总题数:0,分数:0.00)二、PART ONE(总题数:1,分数:8.00)A. Angus Since coming to the market five years ago, Angus has enjoyed great respect, considerably more than its peers in construction and building materials. This has been well deserved, with its initial profits n
2、ow four times as great. However, the company“s recent warning that such growth is unlikely to be maintained has caused a levelling off in its share price. Investors apparently want to see evidence that the current expansion into North America is paying off and paying for the large workforce, before
3、pushing Angus shares any higher. B. Johnson“s Steven Green, chairman of the ailing furniture manufacturer Johnson“s, has produced his long-awaited turnaround plan for the company, comprising aggressive cost savings targets and some optimistic-looking profit forecasts. Further reducing the cost of ra
4、w materials by 15% is perhaps over-ambitious, given the resistance to the 5% cut the company imposed last year. Remaining savings should be more easily achievable through improving manufacturing efficiency, including job cuts and plant closures. Should Johnson“s miss those targets, including returni
5、ng to an operating profit as early as next year, Green“s job could rapidly be in danger. C. Hora Products Four years ago, the shares of Hora Products, the watches and handbags distributor and retailer, stood at 405p. At that time, Hora revealed profits up by a third to 22m, but warned that growth wa
6、s unlikely to continue at such a pace. The shares immediately dropped 11% and kept on falling, until they hit a trough of 64p. Last year Hora decided to concentrate on its volume divisions, which include the Lagoon and Horato watch brands, and disposed of all its luxury marques, a strategy that will
7、 be watched with interest by its rivals. D. ForYou A 2% drop in UK like-for-like sales in the last 3 months has forced healthcare retailers ForYou to issue a profit warning, with a suggestion that earnings for the year are likely to be cut by 10-15%. Management has been accused of over-optimism in b
8、elieving it could deliver 40% new product growth annually. The turmoil resulting from this strategy will increase stock-carrying costs by 3m, and has resulted in the resignation of the director responsible for product and marketing. The shares closed on Friday at 76p, down 29% in the past year. E. D
9、 this will typically consist of a CEO and 3-4 directors, but larger deals may bring in lower tiers. There“s no room for sentiment. You may have someone who was fine as the accountant of an operating division, but who you then find is not up to being MD of an independent company. 4 To avoid this prob
10、lem you should therefore consider bringing in external talent right from the start. It“s best to keep a low profile until your MBO is pretty much signed and sealed. 5 This might also mean that your customers, employees and other stakeholders become nervous, especially if there“s a prolonged period o
11、f uncertainty. If there are key customers or suppliers whose ongoing commitment you require, wait until the last minute to talk to them. And remember, if your MBO fails, for whatever reason, you may find yourself working with the same colleagues and the current owners of the business. 6 So don“t bur
12、n your bridges just yet! A. Other common reasons are where the business has become non-core to its parent, or where a private owner of a family business is retiring. B. If you are unfortunate enough to have to do this, they won“t thank you if you have criticised their abilities or commitment. C. If
13、you buy at the peak of the market, you may find it difficult ever to make money. D. Financiers want you to put in enough that it would hurt you if you lost it, but not so much that you“d be constantly worrying about it. E. If your financiers come to the same conclusion, you may lose credibility. F.
14、If your interest becomes more widely known, you risk starting an auction, in which case the price will go up. G. Otherwise you risk being turned down at a later stage-and getting your marching orders.(分数:6.00)四、PART THREE(总题数:1,分数:6.00)Small companies often struggle in a crucial area-the recruitment
15、 of additional staff. With little time or budget for recruitment and training, mistakes are made all too easily. Last year, Sally Thomas, managing director of a small software company, thought she had found the ideal project co-ordinator to handle long-term client relationships, after a two-year sea
16、rch. “We had already tried a couple of internal people, but they were not suited to the role,“ she says. “The role does not require a detailed knowledge of information technology, but does demand enough expertise to understand current and future projects and the ability to talk about them meaningful
17、ly and sensitively to customers.“ Ms Thomas and her technical director gave several short-listed candidates in-depth interviews and psychometric tests. They then decided to follow their instinct and pick the individual who had performed least well in the tests but felt like the right person for the
18、job. The new project co-ordinator lasted just six weeks. “It was very disappointing,“ says Ms Thomas. “In the end the psychometric test proved to be more accurate than our own belief in who was best.“ Luckily the candidate who scored most highly in the tests was still available and is now doing well
19、 in the job. Tony Jones used personal contacts when setting up his electronic repair services company, recruiting four people he already knew for the top management team. This worked well, but on technical staff he has been less successful, with a 50% drop-out rate in just four months. “It“s easy to
20、 make snap judgements because you“re so busy running the business,“ Mr Jones says. “Instead of a thorough testing process you tend to do it too fast. Someone seems like a nice person who knows what they“re doing, so you give them the job but eventually you come to regret your decision.“ Mr Jones has
21、 tried employment agencies, but finds them expensive and lacking in knowledge of sectors such as electronics. “Finding electronic engineers is not like looking for bankers for example,“ he says. “The fight people for us tend to have been stuck in the bedroom with a soldering iron in their youth, rat
22、her than having done particularly well academically. We could be talking about the dark side of the moon as far as most agencies are concerned.“ Recruitment from outside is a huge problem for small companies, but according to Louise Punter, chief executive of the Surrey Chamber of Commerce, “People
23、who have moved from other firms bring a fresh look and a big injection of new ideas.“ Those who have worked for medium-sized or large companies are particularly valuable, because they are familiar with processes and systems that can be just as effective in a company of ten people as in a company of
24、thousands. “Small companies tend to deal only with the immediate problem, whereas a larger organisation would put in place a process that would prevent the same thing going wrong again. People who know how to do this can be very valuable.“ On the other hand, given the current skills shortage, low un
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