Regarding a route-ba

正确答案：
(ii) Strategy of the business regarding its treasury policies
Treasury policies are reviewed regularly by the Board. It is group policy to account for all financial instruments as cash
flow hedges. As a result, changes in the fair values of financial instruments are deferred in reserves to the extent the
hedge is effective and released to profit or loss in the time periods in which the hedged item impacts profit or loss.
The Group contracts fixed rate currency swaps and issues floating to fixed rate interest rate swaps to meet the objective
of protecting borrowing costs. The cash flow effects of the interest rate swaps match the cash flows on the underlying
instruments so that there is no net cash flow effect from movements in market interest rates. If the interest rate swaps
had not been transacted there could have been an increase in the annual net interest payable to the Group. The strategy
of the group is to minimise the exposure to interest rate fluctuations.

正确答案：A
36．A【精析】like像…一样；except除…之外；regarding‘关于；with prep.和…在一起。下一句说，据估计水力电站和潮汐电站能够运行100多年，因此这里指的是像水力电站一样，潮汐电站1也有很长寿命，故选A。

正确答案：C 
解答参考：C regarding在这里做介词，意思是―关于……‖。【译文】发言人说：―对于这些照片的出版我们不做评论。‖ 

正确答案：D
解析：态度题。题干中futrue of the EU定位在最后一段，第一句中提到了too soon to write off the EU指的就是未来的欧盟，作者在第二句指出欧盟是世界最大的贸易体，第三句具体讲欧盟的优势。第四句中用了benign(仁慈)直接表明了作者的态度，因此对应[D]选项。

正确答案：
(iii) If attendance = 100 then management would opt for room size A which would produce a contribution of ￡832,000 x
0·2 = ￡166,400.
If attendance = 200 then management would opt for room size B which would produce a contribution of ￡2,163,200
x 0·5 = ￡1,081,600.
If attendance = 400 then management would opt for room size D which would produce a contribution of ￡6,656,000
x 0·3 = ￡1,996,800.
Therefore the expected value of perfect information would be the sum of the expected values of the three possible
outcomes which amounts to ￡3,244,800. Thus, if the information is correct then management should be willing to pay
up to ￡3,244,800 – ￡1,497,600 = ￡1,747,200 for the information. In practice, it is unlikely that perfect information
is obtainable. The management of Envico Ltd are really buying an information system that will provide them with a signal
which may prove to be correct or incorrect! For example, the consultants may predict that demand will be for 300
seminar places, however there still remains the fact that there is a likelihood of actual demand being for either 100,
200 or 400 seminar places. One should be mindful that imperfect information which may be, say only 75% reliable,
might still be worth obtaining. Other than when the value of imperfect and perfect information are equal to zero, the
value of perfect information will always be greater than the value of imperfect information.

正确答案：Because Iran has a powerful army.
Because Iran has a powerful army. 解析：(文章最后一段提到伊朗总统说任何胆敢侵犯自己国家的人或国家都会后悔的，因为伊朗有着强大的军队。也就是说伊朗总统因为自己国家有着强大的军事实力而有恃无恐。)

正确答案：C

参考答案：A