1 We got up early this morning and __1__ a long walk after breakfast. We walked through the business section of the city. I told you yesterday that the city was larger__2__ I thought it would be. __3__ the business section is smaller than I thought it would be. I suppose that's__4__ Washington is a special kind of city. __5__the people in Washington work for the government. A bout 9:30 we went to the White House. It's__6__ to the public from 10 till12, and there was a long line of people waiting to get in. We didn't have to wait very long, because the line moved __7__quickly.
The White House is really white. It is painted every year. And it seems very white, because it's got beautiful lawns all around it, ____8____many trees and shrubs. The grounds__9__ about four square blocks. I mean, they're about two blocks long__10__ each side. Of course, we didn't see the whole building. The part__11__the President lives and works is not open to the public. But the part we saw was beautiful. We went through five of the main rooms. One of them was the library, on the ground floor. On the next floor, there are three rooms named__12__ the colors that are used in them: the Red Room, the Blue Room, and the Green Room. The walls are covered with silk__13__. There are__14__ old furniture, from the time__15__ the White House was first built. And everywhere there are paintings and statues of former presidents and other famous people from history.
1. A) made B) did C)took D) got
2. A) than B) as C) so D) like
3. A) But B) Yes C) So D) Then
4. A) since B) as C) because D) because of
5. A) Much of B) Most of C) A lot D) Lots
6. A) open B) opening C) being opened D) opened
7. A) pretty B) little C) much D) very much
8. A) / B) having C) with D) together
9. A) include B) cost C) cover D) spread
10. A) by B) on C) for D) with
11. A) which B) what C) that D) where
12. A) by B) for C) after D) before
13. A) cloth B) clothes C) clothing D) cloths
14. A) Much pieces of B) many pieces of C) many a D) a great many
15. A) that B) which C) who D) when
key: CAACB AACCB DCABD
2. In a purely competitive market, the supplier of goods and services has no control over the market price, because he produces too little to influence market conditions. With no difference between his products and the products __1__ his competitors, he will sell nothing if he charges above the market price and he will sell all if he charges at or __2__ the market price. However, in considering the price, he must take cost of production __3__. There are times when he may be willing to sell below his cost. This might happen when prices tumble for __4__ a short time. However, no business person can __5__ lose money for a prolonged period. He must __6__ of his costs in relation to the market price if he is to compete successfully and earn a profit.
Many people have the impression that as production increases, costs per unit decrease. __7__ mass production has made this true in certain industries and at certain levels of production, __8__ logic and practical experience have shown that costs per unit begin to rise beyond a certain level of production. Some economists __9__ this principle as the law of increasing costs.
The reason __10__ rise as production goes up is complex. However, it is easy to recognize that as production goes up, the need for additional factors of production will also grow, resulting __11__ competitive bidding in the marketplace for the factors of production. If a producer needs __12__ skilled labor to produce more, and none of this labor is unemployed, the producer will have to get __13__ from other sources. This can be done by __14__ higher wages. Higher bidding would also apply to the other factors of production. We must also recognize that not all labor is equally productive, __15__ not all land is equally fertile and not all ore is equally rich in the mineral wanted.
1. A) to B) at C) of D) on
2. A) below B) beneath C) over D) above
3. A) to consider B) into consideration C) to consideration D) in consideration
4. A) he believes will be B) what he believes be C) what he believes will be D) he believes to be
5. A) afford to B) be affordable C) be afforded to D) have afforded
6. A) constantly aware B) constantly knowledgeable of C) be constantly aware of D) constantly aware of
7. A) Because B) Since C) When D) While
8. A) both B) as well as C) also D) but
9. A) refer B) refer to C) call D) are referred to
10. A) cost B) the cost C) the costs D) costs
11. A) from B) in C) \ D) for
12. A) less B) numerous C) more D) many
13. A) them B) these C) it D) those
14. A) offering B) cutting C) reducing D) having
15. A) as just B) just as C) because D) while
KEYS: CABCA CDABD BCCAB
3.Importance of the Public Image
Public image refers to how a company is viewed by is customers, suppliers, and stockholders, by the financial community, by the communities in which it operates, and by federal and local governments. Public image is controllable ____(1)____, just as the product, price, place, and promotional efforts are.
A firm’s public image ____(2)____ a vital role in the attractiveness of the firm and its products to employees, customers, ____(3)____ to such outsiders as stockholders, suppliers, creditors, government officials, as well as diverse special groups. With some things it is ____(4)____ to satisfy all the diverse publics: for example, a new highly automated plant may meet the approval of creditors and stockholders, but ____(5)____ will undoubtedly find resistance from employees who see their ____(6)____ threatened. On the other hand, high-quality products and service standards should bring almost complete approval, ____(7)____ low quality products and false claims would be widely looked down upon.
A firm’s public image, ____(8)____ it is good, should be treasured and protected. It is a valuable asset ____(9)____ usually is built up over a long and satisfying relationship of a firm with is publics. If a firm has ____(10)____ a quality image, this is not easily countered or imitated by competitors. ___(11)___ an image may enable a firm to charge higher prices, to woo the best distributors and dealers, to attract the best employees, to expect ____(12)____ favorable creditor relationships and lowest borrowing costs. It should also allow the firm’s stock to command a higher price-earnings ratio than other firms in the same industry ____(13)____ such a good reputation and public image.
A number of factors affect the public image of a corporation. ____(14)____ include physical facilities, contacts of outsiders with company employees, product quality and dependability, prices ____(15)____ competitors, customer service, the kind of advertising and the media and programs used, and the use of public relations and publicity.
1. A) at considerable extent
B) to considerable extent
C) to considerate extent
D) at considerate extent
2. A) establishes
B) plays
C) makes
D) obtains
3. A) but
B) however
C) and
D) as
4.A) possible
B) easy
C) not impossible
D) impossible
5.A) they
B) some
C) it
D) we
6.A) plant
B) jobs
C) machines
D) themselves
7.A) while
B) when
C) as
D) and
8.A) that
B) if
C) which
D) /
9.A) that
B) who
C) whose
D) of which
10.A) been
B) developed
C) found
D) learned
11.A) With
B) Such
C) Like
D) /
12.A) a more
B) more
C) most
D) the most
13.A) with
B) without
C) in
D) of
14.A) They
B) It
C) Some
D) Most
15.A) related to
B) connected with
C) relative to
D) related with
KEY:BBCDC BABAB BDBAC
4.Let's Have a Little Cooperation Please
Cia Andina do Triconos (CATSA), a Bolivian joint venture of the U.S. Dresser Industries and local investors, which and based its investment _____(1)_____ an allocation under the metalworking program, closed its doors after _____(2)____ to penetrate the Andean market after more than two years in operation.
The prospect of _____(3)_____ access to the Andean market, plus protection provided by a 55 percent "ad valorem" common outer tariff on bits sourced from outside the bloc, made the sales outlook seem _____(4)_____.
However, CATSA's "monopoly" position in Ancom proved specious. _____(5)_____ the plant went on stream in 1974, the company was never able to export a single drill bit to the Andean market; and its local sales were _____(6)_____ a state-owned petroleum company. This market was clearly _____(7)_____, since the operation had been based on exporting the bulk of the plant's 200-unit-per-month capacity to the Andean area.
CATSA could not penetrate the Ancom market for several reasons:
Although Ancom _____(8)_____ a 55-percent common outer tariff on third-country imports, some Ancom countries had previously _____(9)_____ LAFTA (Latin American Free Trade Association) tariff concessions, which take precedence over the Ancom tariffs.
Ancom members simply did not _____(10)_____ the spirit of the metalworking agreement. After the installation of the CATSA facility, plants producing tricone bits _____(11)_____ in Peru and Venezuela. Under the metalworking program, participating _____(12)_____ were committed to prohibiting new foreign investment in allocations of other Ancom countries. But on the question of new investment by local industry, the obligation was only not to encourage it, with no requirement to prevent it. _____(13)_____ Venezuela, it has no commitment to limit local production or to honor the outer tariff, because it was not yet a member of Ancom when the metalworking agreement was signed and was thus not a _____(14)_____ to the pact.
Also, according to Bolivia, Colombia and Ecuador employed _____(15)_____ obstacles to avoid applying the common outer tariff.
The withdrawal of Chile from Ancom cost Bolivia a lucrative potential market too.
1.
A) in
B) to
C) under
D) on
2.
A) fail
B) to fail
C) failing
D) succeeding
3.
A) no duty
B) no-duty
C) duty-bound
D) duty-free
4.
A) good
B) well
C) bad
D) badly
5.
A) So
B) Although
C) But
D) Therefore
6.
A) confined to
B) confined in
C) expanded to
D) exported to
7.
A) big enough
B) sufficient
C) too big
D) insufficient
8.
A) has got
B) got
C) has imposed
D) has imposed on
9.
A) admitted
B) admitting
C) granting
D) granted
10.
A) learn
B) honor
C) take
D) give
11.
A) are put
B) are established
C) were set up
D) had set up
12.
A) member government
B) members government
C) member governments
D) members governments
13.
A) In case of
B) In the case of
C) In case
D) On case
14.
A) party
B) member
C) person
D) partner
15.
A) a series of
B) a great deal of
C) a large amount of
D) a great number
KEY:DCDAB ADCDB CCBAA
The White House is really white. It is painted every year. And it seems very white, because it's got beautiful lawns all around it, ____8____many trees and shrubs. The grounds__9__ about four square blocks. I mean, they're about two blocks long__10__ each side. Of course, we didn't see the whole building. The part__11__the President lives and works is not open to the public. But the part we saw was beautiful. We went through five of the main rooms. One of them was the library, on the ground floor. On the next floor, there are three rooms named__12__ the colors that are used in them: the Red Room, the Blue Room, and the Green Room. The walls are covered with silk__13__. There are__14__ old furniture, from the time__15__ the White House was first built. And everywhere there are paintings and statues of former presidents and other famous people from history.
1. A) made B) did C)took D) got
2. A) than B) as C) so D) like
3. A) But B) Yes C) So D) Then
4. A) since B) as C) because D) because of
5. A) Much of B) Most of C) A lot D) Lots
6. A) open B) opening C) being opened D) opened
7. A) pretty B) little C) much D) very much
8. A) / B) having C) with D) together
9. A) include B) cost C) cover D) spread
10. A) by B) on C) for D) with
11. A) which B) what C) that D) where
12. A) by B) for C) after D) before
13. A) cloth B) clothes C) clothing D) cloths
14. A) Much pieces of B) many pieces of C) many a D) a great many
15. A) that B) which C) who D) when
key: CAACB AACCB DCABD
2. In a purely competitive market, the supplier of goods and services has no control over the market price, because he produces too little to influence market conditions. With no difference between his products and the products __1__ his competitors, he will sell nothing if he charges above the market price and he will sell all if he charges at or __2__ the market price. However, in considering the price, he must take cost of production __3__. There are times when he may be willing to sell below his cost. This might happen when prices tumble for __4__ a short time. However, no business person can __5__ lose money for a prolonged period. He must __6__ of his costs in relation to the market price if he is to compete successfully and earn a profit.
Many people have the impression that as production increases, costs per unit decrease. __7__ mass production has made this true in certain industries and at certain levels of production, __8__ logic and practical experience have shown that costs per unit begin to rise beyond a certain level of production. Some economists __9__ this principle as the law of increasing costs.
The reason __10__ rise as production goes up is complex. However, it is easy to recognize that as production goes up, the need for additional factors of production will also grow, resulting __11__ competitive bidding in the marketplace for the factors of production. If a producer needs __12__ skilled labor to produce more, and none of this labor is unemployed, the producer will have to get __13__ from other sources. This can be done by __14__ higher wages. Higher bidding would also apply to the other factors of production. We must also recognize that not all labor is equally productive, __15__ not all land is equally fertile and not all ore is equally rich in the mineral wanted.
1. A) to B) at C) of D) on
2. A) below B) beneath C) over D) above
3. A) to consider B) into consideration C) to consideration D) in consideration
4. A) he believes will be B) what he believes be C) what he believes will be D) he believes to be
5. A) afford to B) be affordable C) be afforded to D) have afforded
6. A) constantly aware B) constantly knowledgeable of C) be constantly aware of D) constantly aware of
7. A) Because B) Since C) When D) While
8. A) both B) as well as C) also D) but
9. A) refer B) refer to C) call D) are referred to
10. A) cost B) the cost C) the costs D) costs
11. A) from B) in C) \ D) for
12. A) less B) numerous C) more D) many
13. A) them B) these C) it D) those
14. A) offering B) cutting C) reducing D) having
15. A) as just B) just as C) because D) while
KEYS: CABCA CDABD BCCAB
3.Importance of the Public Image
Public image refers to how a company is viewed by is customers, suppliers, and stockholders, by the financial community, by the communities in which it operates, and by federal and local governments. Public image is controllable ____(1)____, just as the product, price, place, and promotional efforts are.
A firm’s public image ____(2)____ a vital role in the attractiveness of the firm and its products to employees, customers, ____(3)____ to such outsiders as stockholders, suppliers, creditors, government officials, as well as diverse special groups. With some things it is ____(4)____ to satisfy all the diverse publics: for example, a new highly automated plant may meet the approval of creditors and stockholders, but ____(5)____ will undoubtedly find resistance from employees who see their ____(6)____ threatened. On the other hand, high-quality products and service standards should bring almost complete approval, ____(7)____ low quality products and false claims would be widely looked down upon.
A firm’s public image, ____(8)____ it is good, should be treasured and protected. It is a valuable asset ____(9)____ usually is built up over a long and satisfying relationship of a firm with is publics. If a firm has ____(10)____ a quality image, this is not easily countered or imitated by competitors. ___(11)___ an image may enable a firm to charge higher prices, to woo the best distributors and dealers, to attract the best employees, to expect ____(12)____ favorable creditor relationships and lowest borrowing costs. It should also allow the firm’s stock to command a higher price-earnings ratio than other firms in the same industry ____(13)____ such a good reputation and public image.
A number of factors affect the public image of a corporation. ____(14)____ include physical facilities, contacts of outsiders with company employees, product quality and dependability, prices ____(15)____ competitors, customer service, the kind of advertising and the media and programs used, and the use of public relations and publicity.
1. A) at considerable extent
B) to considerable extent
C) to considerate extent
D) at considerate extent
2. A) establishes
B) plays
C) makes
D) obtains
3. A) but
B) however
C) and
D) as
4.A) possible
B) easy
C) not impossible
D) impossible
5.A) they
B) some
C) it
D) we
6.A) plant
B) jobs
C) machines
D) themselves
7.A) while
B) when
C) as
D) and
8.A) that
B) if
C) which
D) /
9.A) that
B) who
C) whose
D) of which
10.A) been
B) developed
C) found
D) learned
11.A) With
B) Such
C) Like
D) /
12.A) a more
B) more
C) most
D) the most
13.A) with
B) without
C) in
D) of
14.A) They
B) It
C) Some
D) Most
15.A) related to
B) connected with
C) relative to
D) related with
KEY:BBCDC BABAB BDBAC
4.Let's Have a Little Cooperation Please
Cia Andina do Triconos (CATSA), a Bolivian joint venture of the U.S. Dresser Industries and local investors, which and based its investment _____(1)_____ an allocation under the metalworking program, closed its doors after _____(2)____ to penetrate the Andean market after more than two years in operation.
The prospect of _____(3)_____ access to the Andean market, plus protection provided by a 55 percent "ad valorem" common outer tariff on bits sourced from outside the bloc, made the sales outlook seem _____(4)_____.
However, CATSA's "monopoly" position in Ancom proved specious. _____(5)_____ the plant went on stream in 1974, the company was never able to export a single drill bit to the Andean market; and its local sales were _____(6)_____ a state-owned petroleum company. This market was clearly _____(7)_____, since the operation had been based on exporting the bulk of the plant's 200-unit-per-month capacity to the Andean area.
CATSA could not penetrate the Ancom market for several reasons:
Although Ancom _____(8)_____ a 55-percent common outer tariff on third-country imports, some Ancom countries had previously _____(9)_____ LAFTA (Latin American Free Trade Association) tariff concessions, which take precedence over the Ancom tariffs.
Ancom members simply did not _____(10)_____ the spirit of the metalworking agreement. After the installation of the CATSA facility, plants producing tricone bits _____(11)_____ in Peru and Venezuela. Under the metalworking program, participating _____(12)_____ were committed to prohibiting new foreign investment in allocations of other Ancom countries. But on the question of new investment by local industry, the obligation was only not to encourage it, with no requirement to prevent it. _____(13)_____ Venezuela, it has no commitment to limit local production or to honor the outer tariff, because it was not yet a member of Ancom when the metalworking agreement was signed and was thus not a _____(14)_____ to the pact.
Also, according to Bolivia, Colombia and Ecuador employed _____(15)_____ obstacles to avoid applying the common outer tariff.
The withdrawal of Chile from Ancom cost Bolivia a lucrative potential market too.
1.
A) in
B) to
C) under
D) on
2.
A) fail
B) to fail
C) failing
D) succeeding
3.
A) no duty
B) no-duty
C) duty-bound
D) duty-free
4.
A) good
B) well
C) bad
D) badly
5.
A) So
B) Although
C) But
D) Therefore
6.
A) confined to
B) confined in
C) expanded to
D) exported to
7.
A) big enough
B) sufficient
C) too big
D) insufficient
8.
A) has got
B) got
C) has imposed
D) has imposed on
9.
A) admitted
B) admitting
C) granting
D) granted
10.
A) learn
B) honor
C) take
D) give
11.
A) are put
B) are established
C) were set up
D) had set up
12.
A) member government
B) members government
C) member governments
D) members governments
13.
A) In case of
B) In the case of
C) In case
D) On case
14.
A) party
B) member
C) person
D) partner
15.
A) a series of
B) a great deal of
C) a large amount of
D) a great number
KEY:DCDAB ADCDB CCBAA