[外语类试卷]BFT阅读(综合)模拟试卷31及答案与解析.doc
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1、BFT阅读(综合)模拟试卷 31及答案与解析 一、 Part 2 0 1. The term “joint international business venture“, joint venture for short, has come to mean many things to many people. It sometimes is taken to mean any joint relationship between one or more foreign firms and one or more local firms. Such a broad definition is
2、excluded here. Joint venture will be taken to mean joint ownership of an operation in which at least one of the partners is foreign-based. 2. Joint ventures can take many forms. A foreign firm may take a majority share, a minority share, or an equal share in ownership. While it is not necessary to h
3、ave financial control or to have operating control, some firms refuse to use the joint venture form if it is not possible to have a majority position in ownership. There are firms that have few qualms about holding minority position, however, so long as they can have operating control. They achieve
4、this through technical aid, management, or supply contracts. 3. It should be recognized that maintaining operating control is sometimes difficult if one does not have financial control too. Objectives of the participants may diverge; when they do, financial control becomes important. Management may
5、wish to reinvest earnings while the majority of the board may wish earnings distributed as dividends. Unless policy issues of this kind can be settled amicably, lack of financial control can prove to be very unsatisfactory, if not fatal. 4. Many joint ventures emerge as matters of necessity: that is
6、, no single firm is willing to assume the risks entailed, while a consortium of firms is. Large, capital-intensive, long-lived investments are natural candidates for the joint venture. Exploitation of resource deposits is often done by a consortium of several petroleum or mining firms. Roles are par
7、celed out even though each phase of the operation is owned jointly. One firm does the actual mining, another provides transportation, and still another does the refining and extraction. There is a wide variety of combinations. 5. Also the joint venture can pose problems, especially if it is an enfor
8、ced marriage of partners. For many ventures in small countries, it is difficult to find a suitable local partner, that is, one with sufficient capital and know how to be able to contribute to the partnership. In some developing countries, a small handful of families control the entire locally owned
9、part of the industrial structure. Under these circumstances, a joint venture merely insulates them further from independent, foreign-owned plants that would compete against them. For this and other reasons, the only suitable partner may end up being the government itself. Most multinational firms, h
10、owever, shy away from such arrangements where possible. Questions 1-5 Directions: For questions 1-5, choose the best title for each paragraph from below. For each numbered paragraph(1-5), mark one letter(A-G)on your Answer Sheet. Do not mark any letter twice. A. Maintaining operating control in join
11、t venture B. The financial control in joint venture C. The definition of joint venture D. The proportion of share in joint venture E. Problems of partners in joint venture F. The support of the government G. A wide variety of combinations in joint venture 1 Paragraph 1 _ 2 Paragraph 2 _ 3 Paragraph
12、3 _ 4 Paragraph 4 _ 5 Paragraph 5 _ 5 Directions: Using the information in the text, complete each sentence 6-10, with a word or phrase from the list below. For each sentence(6-10), mark one letter(A-G)on your Answer Sheet. Do not mark any letter twice. A. they cant have a majority position in owner
13、ship B. find a suitable local partner C. any joint relationship between foreign firms and local firms D. joint ownership of an operation in which at least one of the partners is foreign-based E. maintain operating control F. assume the risks entailed G. take a majority share 6 Joint venture, in a br
14、oad sense, means _. 7 Some firms refuse to use the joint venture form if_. 8 It is sometimes difficult for one participant to _ if it does not have financial control. 9 No single firm is willing to _, while a consortium of firms is. 10 For many ventures in small countries, it is difficult to _. 10 1
15、. American managers who want to get more out of their white-collar workforce will be in a shock if they seek advice from Frank Becker, a professor at Cornell University who studies the pattern of office work. His advice: companies need to devote more office space to creating places like will-tended
16、living rooms, where employees can sit around in comfort and chat. 2. Mr. Becker is one of a group of academics and consultants trying to make companies more productive by linking new office technology to a better understanding of how employees work. The forecast of a decade ago that computers would
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- 外语类 试卷 BFT 阅读 综合 模拟 31 答案 解析 DOC
