题目内容
（请给出正确答案）
A.in stead of
B.in lieu of
C.in possession of
D.in place of
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更多“The Owners guarantee that the Vessel to be at all times _______ valid and up-to-date certi”相关的问题
W: Why don't you try house-sitting？ Last summer my friend Margaret house-sat for the Dodds when they went away on vacation. Mr. Dodd hired Margaret to stay in their house because he didn't want it left empty.
M: You mean the Dodds paid Margaret just to live in their house？
W: It wasn't that easy. She had to mow and water the houseplants. And when Eric house-sat for Mr. Cohen, he had to take care of his pets.
M: House-sitting sounds like a good job. I guess it's a little like baby-sitting-except you're taking care of a house instead of children.
W: The student employment office still has a few jobs posted.
M: Do I just have to fill out an application？
W: Margaret and Eric had to interview with the house owners and provide three references each.
M: That seems like a lot of trouble for a summer job.
W: The house owners want some guarantee that they can trust the house-sitters. You know, they want to make sure you're not the type who will throw wild parties in their house, or move groups of friends in with you.
M: House-sitters who do that sort of things probably aren't paid then.
W: Usually they are paid anyway just because the homeowners don't want to make a fuss. But if the homeowner reported it, then the house-sitter wouldn't be able to get another job. So, why don't you apply？
(20)
A．Go to summer school.
B．Take a vacation.
C．Stay at home.
D．Find a part-time job.
Most successful small business owners have considerable knowledge in the area working for others be fore they become independent. They also begin with substantial financial backing and a good location. Renting space may be preferable or necessary at the start, but the lease on the building must be examined carefully before it is signed. The new owner should be thoroughly familiar with the market and the competition. A person who wants to buy an existing business can often learn the history of the company and its prospects from the owner's records. Once the business gets started, accurate and complete records should be kept to monitor the company's progress and profits.
Financing may be the most difficult step for small-business owners. They may rely on their own savings or borrow money from a bank or the Small Business Administration. Some suppliers will sell merchandise on credit, and manufacturers may be willing to finance the purchase of equipment. If the new business is a corporation, the owner may choose to sell stock.
Once the new business is started, the Small Business Administration is a good source of advice. Several of its programs are designed to help new owners with expertise of retired executives. A nearby university or trade association may also help owners locate local sources of help.
New business owners often report that they work long, hard hours but find the experience extremely satisfying. The realization that their efforts will produce actual results in the form. of profit, success, and pride can be quite motivating. Those who have worked for others enjoy the opportunity to make decisions and follow projects through to completion. Many report that hard work has never been so enjoyable before. Careful research, investigation, and planning at the outset do not guarantee success, but they provide a good foundation for the new small business and its owner.
Before you begin, the most necessary adviser for you is ______.
A．a retired executive
B．a bank officer
C．a lawyer
D．a professor of economics
？Read the article below about common stock and preferred stock.
？For each question 13-18, mark one letter (A, B, C or D) on your Answer Sheet, for the answer you choose.
Common Stock and Preferred Stock
A public corporation issues certificates of ownership, called common stock, that may be traded on stock exchanges. Anyone can buy and sell shares of common stock. Owners of stock are referred to as shareholders and stockholders. Common stockholders are accorded certain rights by the corporate charter. In the United States, these rights vary from state to state, but in general the articles of incorporation spell out voting rights and rights to receive profits.
Common stockholders are the voting owners of a corporation. They are usually entitled to one vote per share. They may vote on numerous decisions affecting the corporation (including a derision to sell or merge with another corporation) and elect a board of directors, who, in turn, hire managers to run the business. A majority shareholder is one who owns over 50 percent of the outstanding (issued) shares in a corporation and, thus, can call the shots. All other shareholders are minority shareholders. In large corporations no single person or organization owns anywhere near a majority interest. In large, publicly owned corporations a shareholder with as little as 10 percent of the shares may control the corporation effectively. If things go badly, a coalition of so called dissident shareholders may gather enough votes to replace the existing board of directors; the new hoard may fire the existing management and bring in their own management team.
Although common stock represents ownership in a company, it does not guarantee the owners a specific rate of return. As owners, the stockholders receive profits after all expenses, including debts and taxes, have been paid. They receive profits from the business in the form. of dividend payments, which represent a percent-age of profits. Not all after-tax profits are paid to the stockholders in dividends. Directors usually deride quarterly how much, if any, of the profits they wish to distribute to the owners. The profits are either distributed to the owners in dividends or they are reinvested back into the company in the form. of retained earnings. If the company decides to keep the profits, the company may become more valuable and the price of the stock usually goes up. Some investors prefer profits in the way of dividends while others speculate for an increase in the price of stock. If a company goes broken, common stockholders get last claim on whatever is left over.
Corporations may also issue preferred stock to investors. Preferred stock usually has no vote in the election of the bard of directors, but does get preference in the distribution of the company's earnings. It offers investors a different type of security and may be issued only after common stock has been issued. The term "preferred" applies to two conditions. First, preferred stockholders gain preferential treatment in the matter of dividends; that is, they receive a fixed rate of dividends prior to the payment of dividends on common shares. Second, if the company goes out of business or liquidates, pregerred stockholders are closer to the front of the line than common stockholders! when distributing the company's assets.
Dividends to preferred stock may be cumulative or noncumulative. Cumulative preferred stock maintains its claim to dividends even if the company decides not to pay them. For instance, if the company had a bad year in 1994, they might decide not to pay dividends. But if they had a good year in 1995. noncumulative preferred stock dividends do not accumulate. If dividends are not declared, noncumulative owners lose their claim to the profit of tha
A．the voting rights the stockholders have
B．the stock shared by common people
C．the profits the shareholders receive
D．the ownership of a public corporation
Common Stock and Preferred Stock
A public corporation issues certificates of ownership, called common stock, which may be traded on stock exchanges. Anyone can buy and sell shares of common stock. Owners of stock are referred to as shareholders and stockholders. Common stockholders are accorded certain rights by the corporate charter. In the United States, these rights vary from state to state, but in general the articles of incorporation spell out voting rights and rights to receive profits.
Common stockholders are the voting owners of a corporation. They are usually entitled to one vote per share. They may vote on numerous affecting the corporation (including a decision to sell or merge with anther corporation)and elect a board of directors, who, in turn , hire managers to run the business. A majority shareholder is one who owns over 50 percent of the outstanding shares in a corporation and, thus, can call the shots. All other shareholders are minority shareholders. In large corporations no single person or organization owns anywhere near a majority interest. In large, publicly owned corporations a shareholder with as little as 10 percent of the shares may control the corporation effectively. If things go badly, a coalition of so called dissident shareholders may gather enough votes to replace the existing board of directors; the new board may fire the existing management and bring in their own management team.
Although common stock represents ownership in a company, it does not guarantee the owners a specified rate of return. As owners, the stockholders receive profits after all expenses, including debts and taxes, have been paid. They receive profits from the business in the form. of dividend payments, which represent a percentage of profits. Not all after-tax profits are paid to the stockholders in dividends. Directors usually decide quarterly how much, if any, if the profits they wish to distributed to the owners. The profits are either distributed to the owners in dividends or they are reinvested bank into the company in the form. of retained earnings. If the company decides to keep the profits, the company may become more valuable and the price of the stock usually goes up. Some investors prefer profits in the way of dividends while others speculate for an increase in the price of stock. If a company goes broke, common stockholders get last claim on whatever is left over.
Corporations may also issue preferred stock to investors. Preferred stock usually has no vote in the election of the board of directors, but does get preference in the distribution of the company's earnings. It offers investors a different type of security and may be issued only after common stock had been issued. The term" preferred" applies to two conditions. First, preferred stockholders gain preferential treatment in the matter of dividends; That is, they receive a fixed rete of dividends prior to the payment of dividends on common shares. Second, if the company goes out of business or liquidates, preferred stockholders are closer to the front of the line than common stockholders when distributing the company's assets.
Dividends to preferred stock may be cumulative or noncumulative. Cumulative preferred stock maintained its claim to dividends even if the company had a bad year in 1994, they might decide not to pay dividends. But if they had a good year in 1995, and declared stock dividends do not accumulate. If dividends are not declared, noncumulative owners lose their claim to the profit of that period.
All in all, common stock usually has more control through voting privileges, greater chance for high returns, and more risk, while preferr
A．the returns to common stockholders
B．the majority and minority stockholders
C．the voting rights of common stockholders
D．the formation of common stock
W: Why don't you try house-sitting？ Last summer Cindy was a house sitter for the Smiths when they went away on vacation. They hired Cindy to stay in their house because they didn't want it left empty.
M: You mean they paid Cindy just to live in their house？
W: It wasn't that easy. She had to water the house plants, mow the lawn, and even take care of the pets.
M: I guess it is a little like baby-sittingexcept you're taking care of a house instead of children.
W: The student employment office still has a few jobs posted.
M: Do I just have to fill out an application？
W: You have to have an interview with the homeowner and provide three references at least.
M: That seems like a lot of trouble for a summer job.
W: Well, the homeowner wants some guarantee that they can trust the house sitter. You know they want to make sure you're not the type who'll hold wild parties in their house, or bring a group of friends in with you.
M: I see. House sitters who do that sort of thing probably aren't paid then.
W: Usually they're paid anyway just because the home owners don't want to make a fuss. But if the home-owner reports it, the house sitter won't be able to get another job easily. So why don't you apply？
M: I think I will. Thank you.
(20)
A．They left their pets with neighbors.
B．They rented their house to a student.
C．They hired someone to stay in their home.
D．They asked their gardener to watch their house.
？Read the article below about common Stock and Preferred Stock and the questions.
？For each question (13-18), mark one letter (A, B, C or D)
Common Stock and preferred Stock
A public corporation issues certificates of ownership, called common stock, which may be traded on stock exchanges.Anyone can buy and sell shares of common stock.Owners of stock are referred to as shareholders and stockholders. common stockholders are accorded certain rights by the corporate charter.In the United States, these rights vary from state to state, but in general the articles of incorporation spell out voting rights and rights to receive profits.
Common stockholders are the voting owners of a corporation.They are usually entitled to one vote per share.They may vote on numerous issues affecting the corporation (including a decision to sell or merge with another corporation) and elect a board of directors, who, in turn, hire managers to run the business.A majority shareholder is one who owns over 50 percent of the outstanding shares in a corporation and, thus, can call the shots.All other shareholders are minority shareholders.In large corporations no single person or organization owns anywhere near a majority interest.In large, publicly owned corporations a shareholder with as little as 10 percent of the shares may control the corporation effectively.If things go bad, a coalition of so called dissident shareholders may gather enough votes to replace the existing board of directors; the new board may fire the existing management and bring in their own management team.
Although common stock represents ownership in a company, it does not guarantee the owners a specified rate of return.As owners, the stockholders receive profits after all expenses, including debts and taxes, have been paid. They receive profits from the business in the form. of dividend payments, which represent a percentage of profits.Not all after-tax profits are paid to the stockholders in dividends.Directors usually decide quarterly how much, if any, if the profits they wish to distributed to the owners. The profits are either distributed to the owners in dividends or they are reinvested bank into the company in the form. of retained earnings.If the company decides to keep the profits, the company may become more valuable and the price of the stock usually goes up.Some investors prefer profits in the way of dividends while others speculate for an increase in the price of stock.If a company goes broke, common stockholders get last claim on whatever is left over.
Corporations may also issue preferred stock to investors.Preferred stock usually has no vote in the election of the board of directors, but does get preference in the distribution of the company's earnings.It offers investors a different type pf security and may be issued only after common stock had been issued.The term "preferred" applies to two conditions.First, preferred stockholders gain preferential treatment in the matter of dividends; that is, they receive a fixed rate of dividends prior to the payment of dividends on common shares.Second, if the company goes out of business or liquidates, preferred stockholders are closer to the front of the line than common stockholders when distributing the company's assets.
Dividends to preferred stock may be cumulative or noncumulative.cumulative preferred stock maintained its claim to dividends even if the company had a bad year in 1994, they might decide not to pay dividends.But if they had a good year in 1995, and declared stock dividends do not accumulate.If dividends are not declared, noncumulative owners lose their claim to the profit of that period.
In short, common stock usually has more control through voting privileges, gre
A．the voting rights the stockholders have.
B．the stock shared by common people.
C．the profits the shareholders receive.
D．the ownership of a public corporation.
—Read the article below about Common Stock and Preferred Stock and the questions.
—For each question 13-18,mark one letter A, B, C or D on your Answer Sheet.
Common Stock and Preferred Stock
A public corporation issues certificates of ownership, called common stock, which may be traded on stock ex changes. Anyone can buy and sell shares of common stock. Owners of stock are referred to as shareholders and stockholders. Common stockholders are accorded certain rights by the corporate charter. In the United States, these rights vary from state to state, but in general the articles of incorporation spell out voting rights and rights to receive profits.
Common stockholders are the voting owners of a Corporation. They are usually entitled to one vote per share. They may vote on numerous affecting the corporation (including a decision to sell or merge with anther corporation) and elect a board of directors, who, in turn, hire managers to run the business. A majority shareholder is one who owns over 50 percent of the outstanding shares in a corporation and, thus, can call the shots. All other shareholders are minority shareholders. In large corporations no single person or organization owns anywhere near a majority interest. In large, publicly owned corporations a shareholder with as little as 10 percent of the shares may control the corporation effectively. If things go badly, a coalition of so called dissident shareholders may gather enough votes to replace the existing board of directors; the new board may fire the existing management and bring in their own management team.
Although common stock represents ownership in a company, it does not guarantee the owners a specified rate of return. As owners, the stockholders receive profits after all expenses, including debts and taxes, have been paid. They receive profits from the business in the form. of dividend payments, which represent a percentage of profits. Not all after-tax profits are paid to the stockholders in dividends. Directors usually decide quarterly how much, if any, if the profits they wish to distributed to the owners. The profits are either distributed to the owners in dividends or they are reinvested bank into the company in the form. of retained earnings. If the company decides to keep the profits, the company may become more valuable and the price of the stock usually goes up. Some investors prefer profits in the way of dividends while others speculate for an increase in the price of stock. If a company goes broke, common stockholders get last claim on whatever is left over.
Corporations may also issue preferred stock to investors. Preferred stock usually has no vote in the election of the board of directors, but does get preference in the distribution of the company's earnings. It offers investors a different type of security and may be issued only after common stock had been issued. The term "preferred" applies to two conditions. First, preferred stockholders gain preferential treatment in the matter of dividends) That is, they receive a fixed fete of dividends prior to the payment of dividends on common shares. Second, if the company goes out of business or liquidates, preferred stockholders are closer to the front of the line than common stockholders when distributing the company's assets.
Dividends to preferred stock may be cumulative or noncumulative. Cumulative preferred stock maintained its claim to dividends even if the company had a bad year in 1994, they might decide not to pay dividends. But if they had a good year in 1995, and declared stock dividends do not accumulate, If dividends are not declared, noncumulative owners lose their claim to the profit of that period.
All in all, common stock usually has more control through voting privileges, greater chance for high retur
A．the returns to common stockholders
B．the majority and minority stockholders
C．the voting rights of common stockholders
D．the formation of common stock
4 Hogg Products Company (HPC), based in a developing country, was recently wholly acquired by American Overseas
Investments (AOI), a North American holding company. The new owners took the opportunity to completely review
HPC’s management, culture and systems. One of the first things that AOI questioned was HPC’s longstanding
corporate code of ethics.
The board of AOI said that it had a general code of ethics that HPC, as an AOI subsidiary, should adopt. Simon Hogg,
the chief executive of HPC, disagreed however, and explained why HPC should retain its existing code. He said that
HPC had adopted its code of ethics in its home country which was often criticised for its unethical business behaviour.
Some other companies in the country were criticised for their ‘sweat shop’ conditions. HPC’s adoption of its code of
ethics, however, meant that it could always obtain orders from European customers on the guarantee that products
were made ethically and in compliance with its own highly regarded code of ethics. Mr Hogg explained that HPC had
an outstanding ethical reputation both locally and internationally and that reputation could be threatened if it was
forced to replace its existing code of ethics with AOI’s more general code.
When Ed Tanner, a senior director from AOI’s head office, visited Mr Hogg after the acquisition, he was shown HPC’s
operation in action. Mr Hogg pointed out that unlike some other employers in the industry, HPC didn’t employ child
labour. Mr Hogg explained that although it was allowed by law in the country, it was forbidden by HPC’s code of
ethics. Mr Hogg also explained that in his view, employing child labour was always ethically wrong. Mr Tanner asked
whether the money that children earned by working in the relatively safe conditions at HPC was an important source
of income for their families. Mr Hogg said that the money was important to them but even so, it was still wrong to
employ children, as it was exploitative and interfered with their education. He also said that it would alienate the
European customers who bought from HPC partly on the basis of the terms of its code of ethics.
Required:
(a) Describe the purposes and typical contents of a corporate code of ethics. (9 marks)
The broad language of the amendment strongly suggests that its framers were proposing to write into the Constitution not a laundry list of specific civil rights but a principle of equal citizenship that forbids organized society from treating any individual as a member of an inferior class. Yet for the first eight decades of the amendment's existence, the Supreme Court's interpretation of the amendment betrayed this ideal of equality. In the Civil Rights Cases of 1883, for example, the Court in- vented the "state action" limitation, which asserts that "private" decisions by owners of public accommodations and other commercial businesses to segregate their facilities are insulated from file reach of the Fourteenth Amendment' s guarantee of equal protection under the law. After the Second World War, a judicial climate more hospitable to equal protection claims culminated in the Supreme Court's ruling in Brown V. Broad of Education that racially segregated schools violated the equal protection clause of the Fourteenth Amendment.
According to this passage, which of the following is correct？
A．By presenting a list of specific rights, framers of the Fourteenth Amendment were attempting to provide a constitutional basis for abroad judicial protection of the principle of equal citizenship.
B．Interpreters of the Fourteenth Amendment have not reached consensus with regard to what its framers meant by the equal protection clause.
C．Not until after the Second World War did the Supreme Court begin to interpret the Fourteenth Amendment in a manner consistent with the principle of equal citizenship that it ex- presses.
D．The framers of the Fourteenth Amendment were aware that the phrase "equal protection of the laws" had broad implications.
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