[外语类试卷]BEC商务英语(高级)阅读模拟试卷64及答案与解析.doc
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1、BEC商务英语(高级)阅读模拟试卷 64及答案与解析 一、 PART ONE 0 A Executives are coming to understand that they cant meet their corporate responsibility simply by maximizing shareholder value. Last year Pricewaterhouse Coopers surveyed 1,161 chief executive officers of companies from 33 countries. Some 68 percent of those
2、 polled said that global corporate responsibility was vital to profitability. Meanwhile citizens around the world have become more vocal in demanding that global business beheld accountable for conduct that could undermine social, environmental or economic progress. B Although markets have encourage
3、d more firms to act in a responsible manner in the global economy, market forces have not been sufficient to ensure responsible behavior all of the time. Moreover, the responsible firms that work harder to ensure that workers or the environment are treated well as they make goods and services could
4、have higher costs, which may allow other competitors to gain market share. The right mix of public policies can ensure that responsible firms are not penalized. C Washington, D. C is drowning in paper. Congress has voted on proposals to promote corporate responsibility. Meanwhile, the President, exe
5、cutives and activists are all scurrying about in search of additional proposals to make executives more accountable for their companies financial reports. Given that capitalism today is global as well as local, the US must work with its allies to write international corporate governance norms. But w
6、e need to use this opportunity to think more broadly about how to reassure global economic confidence long term. All of the reform efforts to date focus on a narrow definition of corporate responsibility. President Bush acknowledged in his July 9th speech, “There is no capitalism without conscience.
7、“ That is why the ultimate reform would encourage corporations to also act responsibility towards their workers and the environment. D The codes, including ones promoted by the Department of State the Voluntary Principles for Security and Human Rights and the OECD Guidelines, are designed to help bu
8、siness protect human rights in nations with poor human rights records. Corporate social responsibility policies can also include EPA regulations that require corporations to report on their global environmental liabilities. After all, the costs of cleaning up can be a major drain on corporate profit
9、s. But these policies are not well coordinated or known as CSR policies. Were someone to compile an overview, we might gain a greater understanding of how such policies can be made more effective. But there are some policies including tax policies that encourage firms to shift production or their he
10、adquarters to nations with weaker fiscal or regulatory systems. Other policies that may undermine global corporate responsibility include corporate welfare and agricultural protectionism. E The French government recently overhauled French corporate law and mandated the disclosure of companies social
11、 and environmental as well as profit performance. This is a good idea. The British require pension funds to report on the social, environmental, as well as profit performance of their investments. The Canadian government is also examining a wide range of public policies to promote CSR. Perhaps the m
12、ost interesting development was that in 2001, with funding from the Atkinson Foundation, five private citizens organized a commission on democracy and accountability. Their final report issued 25 specific policy recommendations on promoting global and domestic CSR. 1 Many nations are developing a co
13、nsensus that public policies can and should promote domestic and global CSR. 2 Stakeholders cant simply rely on market forces to ensure global corporate social responsibility. 3 Maximizing shareholder value alone is not a good enough long-term strategy. 4 The United States has a wide range of polici
14、es that are explicitly designed to promote global corporate responsibility. 5 President, executives and activists hope that new reporting requirements and auditing rules will reassure global investors. 6 The fundamental reform should promote corporations to answer for their workers and the environme
15、nt. 7 Their final report issued specific policy recommendations on promoting global and domestic CSR. 8 The efforts of making proposals to promote corporate responsibility are laudable, but they will prove insufficient. 二、 PART TWO 8 Read the article about management buyouts of companies.Choose the
16、best sentence 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). Management Buy-outs of Companies Involving staff in management buy-out (MBO) negotiations can help smooth the path fo
17、r the future. Employees are becoming increasingly familiar with the fluctuations and instability that their working environments can present. Its not just mergers and acquisitions that can upset the situation. (0) H . In some cases, the MBO takes place to save an ailing company. In others, it is the
18、 result of senior management and board disagreements, or is to prevent a hostile takeover bid. (9) . This insecurity can be very damaging. One of the most important factors, often not considered during the process of an MBO, is the reaction of the workforce, yet it is those employees who more often
19、than not can make or break the future success of any new management team. (10) . By maintaining channels of communication across the floor, new management teams could find the rank and file a useful ally in the bid to take over. Showing those employees that a buy-out could be to their advantage, cre
20、ating new opportunities for promotion or career development, will in the long-term be advantageous to the entire company. The challenge for new management should be to reinspire employees. (11) . If the new team doesnt engage old employees in future plans or consider the contribution they can make,
21、the idea that the MBO was meant to save everyone is lost. In this situation, long-term employees begin to see the new management team and shareholders as the only beneficiaries in the buy-out and feel in the end that the only people saved are those at the top of the corporate ladder. (12) . This wil
22、l mean that the rescue will fail before it has really started. It is depressingly common for new MBO teams not to learn from the past. (13) . If the new team can find innovative ways to involve staff actively in various aspects of the buy-out process, the benefits are manifold. (14) . A package with
23、 such components can gain their support and be invaluable in building success for the venture, and is one that enlightened MBO teams tend to adopt.A Including them in any buy-out, discussions can improve the new companys future prospects.B In such circumstances it is easy for the new board to make t
24、he same mistakes as the old.C Possibilities for realising these include decision-making, setting goals, and offering the chance of a future stake in the new company.D Whatever its origins, those lower down the corporate ranks can often be left out of the equation, wondering what is to become of them
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