industry has provided less cost funding
staffing costs has risen too fast
global economy crisis has occurred
some countries have overtaken the UK in terms of investment in higher education
第1题：
Japan s productivity has overtaken America s in some manufacturing industries, but elsewhere the United States has ( )its lead.
A、take up
B、brought back
C、rested on
D、clung to
第2题：
A.even if
B.even
C.though
D.even then
E. as though
第3题：
4G is one of those terms that keep coming back through marketing brochures for what the latest technologies happen to be in the cellphone market. Every carrier claims to have true 4G, and has been claiming that for years, regardless of what they actually use. The reason was simple because the real 4G specification, expected to be drafted by the International Telecommunication Union, was no where to be found. In fact, the ITU took way longer than being expected to come up with a decision, likely because of massive lobbying campaigns. After all, which company wants to have to redesign its entire network just to be able to keep saying they are 4G? Now however, they ITU has decided itself.What does this mean for carriers and users? First，let’s see what 4G really is. As expected, LTE is central to the ITU strategy,but more precisely,the organization went with LTE-Advanced,which is a stricter version of traditional LTE. To qualify as 4G，a network has to provide 100Mbps connections over wireless,and 1 Gbps over wired. The whole network has to be fully IPv6 compliant. Frequencies have to be variable over 40MHz to avoid interference. Finally, global roaming has to be seamless, along with transitions between wirless and wired connections. This is a real step forward, and a good decision, which ensures that real 4G services will meet a good level of services. Technically, LTE-Advanced is just one of two new standard that are now under the umbrella called IMT-Advanced. The other one is WiMAX 2 which is a further refinement of the WimMAX protocol. Based on the paragraph above，to qualify as 4G, a network has to satisfy （） criteria. The transitions between wireless and wired connections have to be （）. LTE-Advanced is a standard belonging to （）.
A．two B．three C．four D．five A．limited B．possible C．seamless D．deployed A．WiMAX B．WiMAX 2 C．IPv6 D．IMT-Advanced
第4题：
The most encouraging fact about the US economy is that_____ .
［A］employment rates have risen faster than expected
［B］the Federal Reserve will raise interest rates soon
［C］industrial production is reaching its lowest point
［D］some economic sectors have become leading industries
本题考查了多处事实细节。第三段第二句提到，惟一的好消息是申请失业保险金人数在9·11事件后达到的高峰期开始回落，现在的水平表明失业的速度（the pace of layoffs）有所缓和（easing）。该句表明失业者还在增加，只是增加的速度低于先前。因此，［A］项与文意相反。［B］项与第四段首句“经济复苏并不意味着美联储将很快提高利率”含义相反。第五段首句是段落主题句：最近的经济报道中最好的消息来自1月份工业生产的数据。末句对主题予以说明：数据表明工业生产部门的产量正在达到底线，复苏即将开始。［C］项是对该句的改写，是正确选项。文中虽然提到很多经济部门，但没有比较谁是主导产业，排除［D］项。
第5题：
PV Co is evaluating an investment proposal to manufacture Product W33, which has performed well in test marketing trials conducted recently by the company’s research and development division. The following information relating to this investment proposal has now been prepared.
Initial investment $2 million
Selling price (current price terms) $20 per unit
Expected selling price inflation 3% per year
Variable operating costs (current price terms) $8 per unit
Fixed operating costs (current price terms) $170,000 per year
Expected operating cost inflation 4% per year
The research and development division has prepared the following demand forecast as a result of its test marketing trials. The forecast reflects expected technological change and its effect on the anticipated life-cycle of Product W33.
It is expected that all units of Product W33 produced will be sold, in line with the company’s policy of keeping no inventory of finished goods. No terminal value or machinery scrap value is expected at the end of four years, when production of Product W33 is planned to end. For investment appraisal purposes, PV Co uses a nominal (money) discount rate of 10% per year and a target return on capital employed of 30% per year. Ignore taxation.
Required:
(a) Identify and explain the key stages in the capital investment decision-making process, and the role of
investment appraisal in this process. (7 marks)
(b) Calculate the following values for the investment proposal:
(i) net present value;
(ii) internal rate of return;
(iii) return on capital employed (accounting rate of return) based on average investment; and
(iv) discounted payback period. (13 marks)
(c) Discuss your findings in each section of (b) above and advise whether the investment proposal is financially acceptable. (5 marks)
第6题：
A、raw
B、rawer
C、rawest
D、cooked
第7题：
A、come
B、get
C、take
D、go
第8题：
A manufacturers ;
B manufacturing ;
C manufactures
第9题：
A. Subnet prefix
B. ISP prefix
C. Global routing prefix
D. Registry prefix
第10题：