剑桥商务英语高级-88及答案解析.doc
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1、剑桥商务英语高级-88 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 Separate Legal EntityA unique feature of a company is that, no matter how many individuals have bought shares in it, it is treated in its dealings with the outside world as if it was a person in its own right.
2、It is said to be a separate legal entity. Just as the law can create this separate legal person, the law also can eliminate it, but its existence can only be terminated by using the proper legal procedures.Thus, the identity of the shareholders in a large concern may be changing constantly as shares
3、 are bought and sold by different people. On the other hand, a small private company may have the same shareholders from the date it is incorporated (the day it legally came into being), until the date when liquidation is completed (the cessation of the company, often known as “winding up“ or being
4、“wound up“). A prime example of its identity as a separate legal entity is that it may sue its own shareholders, or in turn be sued by them.B Limited LiabilityMost companies are “limited“ companies. This means that any shareholder who has paid for the share(s) which he has bought cannot be forced to
5、 pay more money into the company if, for example, it is making losses or has gone into liquidation. Thus, the maximum amount of money any shareholder can lose by investing in a company is the amount he has invested. Unlike in sole traders or partnerships a shareholder in a limited company cannot be
6、forced to sell his own property to pay the debts of the business.If a shareholder has not paid in full for the shares he has agreed to buy, he can be forced to pay the balance owing on the shares. Once he has paid that amount he cannot be forced to pay any further amount. Thus, his liability is limi
7、ted.C Company DirectorsThe day-to-day management of a company is not carried out by the shareholders. Shareholders can normally attend, and vote at, general meetings of their company. At one of these meetings the shareholders will vote for directors, the people to whom the running of the company is
8、entrusted. At each Annual General Meeting (AGM) the directors have to report to the shareholders. They write a directors report and this is accompanied by a set of final accounts for the year. If there is a change in the directors of a company, for example, a new director being appointed or an exist
9、ing director resigning, this change must be notified to the Companies Office within fourteen days of the change. The board of directors (usually known simply as “the board“) is the term used to mean all of the directors.D The Company SecretaryThe company secretary must, among other things, attend al
10、l board meetings, consult with the chief executive on the agenda and keep a record of the minutes of board meetings and general meetings of the shareholders. It is normally the company secretary who makes returns to the Companies Office including notifying the Registrar of changes in the companys bo
11、ard, auditors, registered office etc. The company secretary is usually an individual although many companies pay firms of accountants to undertake this role.E Share Capital and DividendsA shareholder in a limited company obtains his reward for investing in the form of a share of the profits made by
12、the company, known as a dividend. The directors decide how much of the profits is to be retained in the company and used for expansion. Out of the remaining profits they propose the payment of a certain amount of dividend. The shareholders cannot propose a dividend for themselves higher than that al
13、ready proposed by the directors. They can, however, propose that a lesser dividend should be paid, although this action is very rare. If the directors propose that no dividend should be paid, then the shareholders are powerless to alter the decision.The decision by the directors as to the amount pro
14、posed as dividends is a very complex one and such matters as the effect of taxation, the availability of bank balances to pay the dividends, the possibility of take-over bids and so on will all be taken into consideration.(分数:8.00)(1).No matter how many individuals have bought shares in it, it is tr
15、eated in its dealings with the outside world as if it was a person in its own right.(分数:1.00)填空项 1:_(2).The shareholders cannot propose a dividend for themselves higher than that already proposed by the directors.(分数:1.00)填空项 1:_(3).The identity of the shareholders in a large concern may be changing
16、 constantly as shares are bought and sold by different people.(分数:1.00)填空项 1:_(4).It is normally the company secretary who makes returns to the Companies Office.(分数:1.00)填空项 1:_(5).The shareholders will vote for directors, the people to whom the running of the business is entrusted.(分数:1.00)填空项 1:_(
17、6).Limited company means that any shareholder who has paid for the shares which he has bought cannot be forced to pay more money into the company.(分数:1.00)填空项 1:_(7).They write a directors report and this is accompanied by a set of final accounts for the year.(分数:1.00)填空项 1:_(8).If a shareholder has
18、 not paid in full for the shares he has agreed to buy, he can be forced to pay the balance owing on the shares.(分数:1.00)填空项 1:_三、PART TWO(总题数:1,分数:6.00)During the 1980s, most U. S. department stores stopped carrying furniture because turnover was too slow and costs were too high. That created an opp
19、ortunity for smaller, limited-line stores specidlizing in bedding, upholstery, or casual dining.Now the Ikea (pronounced I- KEY-ah) retail chain is, in turn, shaking up these traditional home-furnishings retailers. When Ikea opened its first U. S. store in 1985, it had already developed a low-cost,
20、low- service strategy that was successful in Sweden (where it started) and other parts of Europe. (9) .Its difficult for small retailers to compete with Ikeas low prices or the 12,000-item selection it offers in each of its 200,000-square-foot stores. (10) .But Ikea uses a clever store layout that h
21、elps consumers get information and make purchase decisions without costly help from salespeople. A couch, for instance, is displayed both in a real life setting and in a group with other couches so people can compare and make purchase decisions. A 200-page catalogmailed to consumers who live within
22、an hours drive of the storedetail prices and specifications. Shoppers wheel the boxes of assemble-it-yourself furniture to the cash register themselves. The store doesnt offer delivery either. (11) Ikea does offer some services. For example, it starts a childrens playroom-because parents shop better
23、 when they dont have their kids in tow. (12) . (13) .But because Ikeas sales are so large, it designs its own quality furniture its customers will buy, and then contracts with a producer to make it. This also reduces distribution costs because the furniture is designed in a way it can be shipped dis
24、assembled.As an Ikea manager explains, “If we offered more services, out prices would go up. Our customers understand our strategy, which requires each of us to do a little in order to save a lot. They value our low prices.“ He seems to be correct, and Ikea sales will probably continue to grow as it
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