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1、目录第一章分类练习1第一节金融类1&环境类8第二节第三节科技类15第二章综合演练21模拟卷(一)21模拟卷(二)29模拟卷(三)37外泄第一章分类练习第一节金融类Text 1Were moving into another era, as the toxic effects of the bubble and its grave consequences spread through the financial system. Just a couple of years ago investors dreamed of 20 percent returns forever. Now surv
2、eys show that theyre down to a “realistic” 8 percent to 10 percent range.But what if the next few years turn out to be below normal expectations? Martin Barners of the Bank Credit Analyst in Montreal expects future stock returns to average just 4 percent to 6 percent. Sound impossible? After a much
3、smaller bubble that burst in the mid-1960s Standard & Poors 5000 stock average returned 6.9 percent a year (with dividends reinvested) for the following 17 years. Few investors are prepared for that.Right now denial seems to be the attitude of choice. Thats typical, says Lori Lucas of Hewitt, the co
4、nsulting firm. You hate to look at your investments when theyre going down. Hewitt tracks 500,000 401 (k) accounts every day, and finds that savers are keeping their contributions up. But theyre much less inclined to switch their money around. “Its the slot-machine effect,” Lucas says. “People get m
5、ore interested in playing when they think theyve got a hot machine” and nothings hot today. The average investor feels overwhelmed.Against all common sense, many savers still shut their eyes to the dangers of owning too much company stock. In big companies last year, a surprising 29 percent of emplo
6、yees held at least three quarters of their 402 (k) in their own stock.Younger employees may have no choice. You often have to wait until youre 50 or 55before you can sell any company stock you get as a matching contribution.报名专线:400-6300-999中公教育资料1外泄But instead of getting out when they can, old part
7、icipants have been holding, too. One third of the people 60 and up chose company stock for three quarters of their plan, Hewitt reports. Are they inattentive? Loyal to a fault? Sick? Its as if Lucent, Enron and Xerox never happened.No investor should give his or her total trust to any particular com
8、panys stock. And while youre at it, think how youd be if future stock returns averaging good years and bad are as poor as Barnes predicts.If you ask me, diversified stocks remain good for the long run, with a backup in bonds. But I, too, am figuring on reduced returns. What a shame. Dear bubble, Ill
9、 never forget. Its the end of a grand affair.1. The investors judgment of the present stock returns seems to be.A. fancifulC. groundlessB. pessimisticD. realistic2. In face of the current stock market, most stock-holders.A. stop injecting more money into the stock marketB. react angrily to the deval
10、uing stockC. switch their money around in the marketD. turn a deaf ear to the warning3. In the authors opinion, employees should.A. invest in company stock to show loyalty to their employerB. get out of their own companys stockC. wait for some time before disposing of their stockD. give trust to a p
11、articular companys stock4. It can be inferred from the text that Lucent, Enron and Xerox are names of.A. successful businessesC. stocksB. bankrupted companiesD. huge corporations5. The authors attitude towards the long-term investors decision is.A. positiveC. negativeB. suspiciousD. ambiguous中公教育资料报
12、名专线:400-6300-9992外泄Text 2Last year ended with a bang in telecom. During the final three months, Cingular closed its $41 billion acquisition of AT&T Wireless, and Sprint announced a $35 billion mega-merger with Nextel Communications. At a time when interest in traditional telecom companies is as rare
13、 as rotary phones, mergers are a sign of the profound changes afoot. “These kinds of deals create enormous opportunities to rethink the whole telecom sector,” says Francis McInerney, managing director of consultant North River Ventures LLC.By bulking up and bearing down, companies are sparking innov
14、ations that willtransform communication. More and more, mobile phones will be used to exchange,music clips, and even. Likewise, Internet technology will replace old-fashioned phonegear, ushering in an era of souped-up services. Consumers will get voicon their PCsand all-you-can-eat phone service for
15、 under $25 a month, while businesses hand out mobilephones to road warriors so they can receive calls andoffice.just as if they were in theThe distinctions among industries will get fuzzy, too. In 2005, telecom giants Verizon Communications Inc. and SBC will pursue licenses to market cable TV. AT&T
16、plans to market security software to corporate customers. Comcast and other cable players are barreling into residential phone markets, and even sports power ESPN expects to unveil hip mobile phone offerings.Competition in those markets will grow even keener. Comcast Corp. is leading a consortium of
17、 cable operators that is exploring ways to break into wireless services. Theres a strategic reason for the move: The cable companies are offering home phone service with Internet protocol technology, but without a mobile offering, they lack an essential element of the telecom bundle. The cable compa
18、nies are trying to work out a partnership with Sprint Nextel or possibly T-Mobile USA to sell consumers a dual-mode phone that would handle their IP calling service inside the house and switch to cellular systems outside. AT&T will unveil a similar service this year.The scrum may spark more consolid
19、ation. Cable companies could consider acquiring awireless company if the partnership approach fails. While SBC and BellSouth Corp. are报名专线:400-6300-999中公教育资料3外泄focused on helping combine AT&T Wireless with Cingular, which SBC and BellSouth co-own, SBC might not be finished. CEO Edward E. Whitacre Jr
20、. has made no secret of his desire to own Cingular outright. “Of course I wish I owned it all,” he told BusinessWeek in October. That could happen by his buying BellSouths stake in Cingular or buying BellSouth itself. BellSouth says its not interested in being acquired and doubts that regulators wou
21、ld approve such a deal anyway.The battle among providers means lower prices, too. Consider the impact of tiny Vonage Holdings Corp. By deploying voice over Internet protocol to offer inexpensive phone service, Vonage, unknown a year ago, is now the fastest-growing U.S. phone company. But Vonage has
22、competition from some unlikely quarters. AT&T has embarked on a price war with the upstart, resulting in each lowering prices a couple of times in 2004 before bottoming out at less than $25 a month.1. “A bang in telecom” in the first paragraph refers to.A. worries rise over mergers in the telecom in
23、dustryB. monopolies held by telecom companiesC. significant changes with telecom consolidationsD. fierce competition in the telecom sector2. According to the text, innovations in the telecom industry will.A. enable telephone users to get a variety of free servicesB. stop the battle between communica
24、tion companiesC. bring about a combination of communication technologiesD. lead to a decline in the number of telecom companies3. Which of the following is true according to the passage?A. Comcast is interested in entering the cable TV business.B. AT&T is planning to provide a dual-mode phone servic
25、e.C. SBC is selling some part of its stake to Cingular.D. BellSouth is going to be acquired soon.中公教育资料报名专线:400-6300-9994外泄4. What is likely to happen in the future telecom sector?A. Mobile devices may become the primary tool for play.B. Telecom services are growing ever more advanced.C. Wireless su
26、bscribers will surpass cable subscribers.D. The price of communications services is expected to climb.5. The word “upstart” (Line 5, Paragraph 6) most probably means someone who.A. has suddenly risen to a higher economic or social statusB. lacks the skills appropriate for a new and high positionC. h
27、as not gained acceptance of others in the fieldD. has competed by using improper actionsText 3Global business travel topped $1.2 trillion and is expected to reach $1.6 trillion by 2020, according to new research by the Global Business Travel Association (GBTA), an association representing the intere
28、sts of corporate travel managers. Whats more, China has now surpassed the U.S. as the largest business travel market in the world, ringing up $291 billion last year.At the same time, all is not rosy and a number of major issues are lurking ahead. A weakening global economy, Brexit and this years U.S
29、. presidential election will mean growth will not be a straight line upwards.“The uncertainty created by financial upheaval and pending changes to trade and immigration rules will raise management heartburn. This will cause some postponement, even outright cancellation, of business trips. It may als
30、o trigger travel budget constriction as management seeks to hedge the uncertainty,” the report says.At the same time Concur, a company that provides support services for travel managers, released research that the sharing economy is gaining traction with business travelers, based on its analysis of
31、40 million users who spend over $70 billion annually.Concur data indicates 56 percent growth for Airbnb type services in usage from Q12015 to Q1 2016. On average, business travelers stay five nights when home sharing versus three nights in a hotel.报名专线:400-6300-999中公教育资料5外泄“Managing travel and expen
32、se is becoming increasingly complex, between integration with mobile technology, nuances in traveler preferences, and new travel supplier strategies,” notes Robb Nielsen, vice president of global product experience at Concur. “This demands a fully connected travel and expense ecosystem paired with a
33、ctionable insights, giving travel managers the visibility and control they need to drive cost savings.”A press released added, “The vast majority of business travelers also want to receivealized travel options. However, even though business travelers wantalizedoptions, they are hesitant to share too
34、 muchal information to obtain them. They arecommonly willing to share details such as their frequent flyer or hotel loyalty number, preferred airline and hotel brands and aircraft seat preferences, but fewer than half would share their travel history, preferred leisure activities while traveling, th
35、eir business calendar with booked appointments and their social media account names.”1. Which of the following statements is correct according to the context?A. U.S. used to be the largest single market in this industry.B. U.S. markone amounted to $291 billion last year.C. Global business travel is
36、stagnant.D. GBTA stands for travelers interest.2. Which of the following does not influence Global business travel market, according to the text?A. U.S. presidential election.B. Immigration Rules.C. Weakening global economy.D. Straight line upwards in world economy.3. What can be inferred from this
37、passage?A. Sharing economy is about to take the lead.B. Airbnb service in usage doubled in recent fiscal year.C. Airbnb succeeds in competing with traditional accommodation channels to attract longer stays.D. Businessmen cut cost by using Airbnb service.中公教育资料报名专线:400-6300-9996外泄4. Which factor does
38、nt come to travel agents mind when handling business trips?A. Travelers preference.B. Travel destinations financial conditions.C. Mobile Tech.D. Travel suppliers strategies.5. What is the author trying to imply from this article?A. Businessmen are becoming more and more generous on global business t
39、rip.B.alization is on the rise, together with sharing economy.C. Traditional travel agency is about to fade away.D. IT era is finally coming for travelling industry.报名专线:400-6300-999中公教育资料7外泄第二节&环境类Text 1Earlier this month, presidents Barack Obama of the US andof China madean important symbolic gest
40、ure when they committed their countries, the two largest greenhouse gas emitters, to the Paris climate agreement. It was the clearest signal yet to investors worldwide that they need to think about the implications of global warming for their portfolios.On Friday afternoon there was an example of wh
41、at that might mean when Mr Obamas administration issued an order temporarily blocking construction on a section of the Dakota Access oil pipeline. The move was a response to local concerns raised by the Standing Rock Sioux Tribe about potential damage to historic sites and the threat of oil spills.
42、But it is the global issue of climate change that has raised the profile of Dakota Access, making it into a cause clbre for US environmental campaigners. Bill McKibben of 350.org, which played a key role in the successful effort to stop the Keystone XL pipeline from Canada, has suggested that Mr Oba
43、ma could block Dakota Access permanently, on the grounds that it would exacerbate the threat of climate change.Last month, the White Houses Council on Environmental Quality issued new guidance for federal agencies, making clear that their decisions should take into account “the potential effects of
44、a proposed action on climate change”, and quantify theirconsequences for greenhouse gas emissions. Dakota Access is intended to carry crude oil1,172from North Dakota, a centre of the US shale revolution, to Illinois, en route torefineries around America. The case that it would add to global greenhou
45、se gas emissions will be harder to make than for Keystone XL, which would have brought crude from the high-emitting oil sands of western Canada, but the campaigners are certain to try.If Dakota Access is stopped, it will have a significant impact not just on Energy Transfer Partners, the company lea
46、ding the project, but on all North Dakota oil producers and their customers, who will be forced to use more expensive rail transport.Climate change is now an unavoidable business issue. In an excellent paper last week,中公教育资料报名专线:400-6300-9998外泄BlackRock, the worlds largest fund manager, set out some
47、 of the ways that investors can reduce their exposure to the risks and benefit from the opportunities that it creates. The paper is a landmark in the rising awareness of the issue among mainstream investors. It is one thing when a philanthropic fund with assets of a few hundred million takes a stand
48、 onclimate issues, quite another when the warnings come from a company with about $4.9tnunder management. As BlackRock points out, investorsal views on climate scienceare irrelevant. Enough governments and businesses are convinced by the scientific consensus that the threat is real, and are driving
49、regulatory and technological changes that are reshaping the investment landscape. You may not be interested in the climate, but you can be sure the climate is interested in you.If the world is to reduce the risk of catastrophic global warming to acceptable levels, there will have to be a huge reallo
50、cation of capital away from fossil fuels and towards low-emissions energy sources. That shift has begun, but it needs to go much further. The transition is not straightforward: for as long as oil is the lifeblood of the worlds transport, pipelines will be needed. But when investors and boards make d
51、ecisions about projects like Dakota Access, they will have to consider their impact on greenhouse gas emissions. The financial consequences of climate change can no longer be ignored.1. The best title to the article should be.A. US efforts in controlling green house gas emissionsB. Investment threat
52、s in a changing climateC. The world is in dangerD. The catastrophic consequences of climate change2. Which one of the following is not the measure taken by US government to deal with climate change?A. Join the Paris climate agreementB. Require federal agencies to take climate change into considerati
53、on when making decisionsC. Suspend the construction of Dakota AccessD. Stop the Dakota Access permanently报名专线:400-6300-999中公教育资料9外泄3. If Dakota Access is blocked permanently who will be impacted except.A. Environmental campaignersB. North Dakota oil producersC. ConsumersD. The companies that carry o
54、ut the project4. What can we learn from Paragraph 5?A. Investors can take the opportunities brought by climate changeB. The threat brought by climate change still needs scientific evidenceC. What investors think of the climate change is very importantD. BlackRock is a philanthropic fund that cares a
55、bout climate change5. According to the article, which one of the following statements is false?A. Climate change is not only a climate issue but also a business issue.B. Its more difficult to quantify the greenhouse gas emissions on the Dakota Access than Keystone XL.C. US and China will work togeth
56、er to cope with climate change.D. To reduce the risk of global warming more should be invested on low-emissions energy sources.Text 2Three weeks after Royal Dutch Shell announced it was walking away from exploratory drilling in U.S. Arctic waters, the Obama administration has taken steps to keep dri
57、ll rigs out of Alaskas northern ocean for a decade or more.Interior Secretary Sally Jewell announced Friday that the federal government is cancelling federal petroleum lease sales in U.S. Arctic waters that were scheduled for 2016 and 2017. Jewell said the Chukchi Sea off Alaskas northwest coast and
58、 the Beaufort Sea off the states north coast will not be included in the agencys next five-year lease sale plan. Current leases held by Shell and other companies in Arctic waters will not be extended, she added. The Beaufort Sea leases are set to expire in 2017, and the Chukchi Sea leases in2020.中公教育资料报名专线:400-630
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