He has to take three pills ________.

. He prides himself on speaking his mind, and has something to say on everything. But his frankness is often extremely embarrassing.

He is incapable of saying, " I thought that last advertising campaign had a lot of good ideas in it, but perhaps next time we could give the copy more vitality(活力). " Instead, he would say, " That campaign was a disaster. A child of three could have done better !"

The fact that he is often right does not help. Other employees dislike his manner even more, but he is too insensitive to notice.

Another character among the list of ill-mannered employees is Sally, who seems to regard just being at work as a severe punishment. Everything is done unwillingly. Asking her to do a task beyond her basic job description is often not worth the trouble. It will be done, but only half-heartedly.

Fergus is just the opposite. He shows an over-familiarity to his boss. When an important visitor is shown into the manager's office, Fergus cannot take the hint and leave. Instead he will attempt to take part in the conversation, declaring, "You can talk in front of me. Henry and I don't have many secrets, do we？" Over the years Fergus has fallen behind his former equal. But he seeks to maintain the same close relationship that he imagines existed in their younger days.

Which of the following words describes Ted best？

A．Cold.

B．Tactless.

C．Stupid.

D．Warm-hearted.

The following financial information relates to HGR Co:

Statement of financial position at the current date (extracts)

The finance director has completed a review of accounts receivable management and has proposed staff training and operating procedure improvements, which he believes will reduce accounts receivable days to the average sector value of 53 days. This reduction would take six months to achieve from the current date, with an equal reduction in each month. He has also proposed changes to inventory management methods, which he hopes will reduce inventory days by two days per month each month over a three-month period from the current date. He does not expect any change in the current level of accounts payable.

HGR Co has an overdraft limit of $4,000,000. Overdraft interest is payable at an annual rate of 6·17% per year, with payments being made each month based on the opening balance at the start of that month. Credit sales for the year to the current date were $49,275,000 and cost of sales was $37,230,000. These levels of credit sales and cost of sales are expected to be maintained in the coming year. Assume that there are 365 working days in each year.

Required:

(a) Discuss the working capital financing strategy of HGR Co. (7 marks)

(b) For HGR Co, calculate:

(i) the bank balance in three months’ time if no action is taken; and

(ii) the bank balance in three months’ time if the finance director’s proposals are implemented.

Comment on the forecast cash flow position of HGR Co and recommend a suitable course of action.

(10 marks)

(c) Discuss how risks arising from granting credit to foreign customers can be managed and reduced.

(8 marks)

ICE-FISHING

If you drive north from Toronto for three hours, you come to Lake Nipissing. In winter, the lake becomes ice, and thousands of Canadian fishermen travel there each weekend. They build Little houses of wood on the ice and point them in bright colours. Then they sit inside to catch the fish that swim under the ice.

Bob Marvisch has come here at this time of year for twenty-five years. 'You need clothes that are light but worm: two pairs of socks and gloves, several thin sweaters and a snow suit on top. Catching the fish is easy,' he says. 'First you break the ice and make a small round hole in it. Next you take a fishing line and put some bread on it. Then you put the line through the hole and into the water. You pull the line up when the fish eat the bread. They are between ten and twenty centimetres Long. Some people Like to eat them, but when I have caught three or four fish, I prefer to have some chocolate or other snack! Today I have caught twenty- five! It's a great sport and you can meet some nice people here!

Fishermen only use the houses on Lake Nipissing in winter.

A．Right

B．Wrong

C．Doesn't say

s outside the town. His parents have a farm and grow a lot of vegetables on it and they often sell them in the town. These years they've built a new building and bought a tractor, a motorbike，a color television，a fridge and other things.

Two years ago，Li Qiu began to study in a middle school. He does well in all his lessons and now he's becoming more and more interested in science. He likes to try out new ideas and hopes to be an inventor. This term he's learned electricity (电学). He always watches TV carefully. Last Saturday，when he came back home，his parents were working in the fields. He looked at the new color TV for a while. Then he began to take apart (拆) it. Three hours later his mother came in and saw him fixing the TV set. She was surprised and asked，“What are you doing here，Li Qiu？”

“I took apart the TV just now.”

“Don't worry about it，Mummy,” said the boy “I only want to know how it works.”

“Have you refixed it together？” asked Mum.

“No，Mum，” the boy said in a hurry. “Look，there are some parts left. I don't know where to put them.”

1)、Li Qiu's house is outside the town.

A.T

B.F

2)、Li Qiu is in Grade Two now.

A.T

B.F

3)、Li Qiu becomes interested in science because he wants to be an inventor.

A.T

B.F

4)、Li Qiu thought he could refix a television.

A.T

B.F

5)、In fact，Li Qiu has broken their TV down.

A.T

B.F

lass in driver's education.

The course is divided up into two parts: class time for learning laws and regulations and driving time to practice driving. Each student is required to drive a total of six hours. The students are divided up into groups of four. The students and the instructor go out driving for two hour blocks of time. Thus, each student gets half an hour driving time per outing. Drivers Ed cars are unlike other cars in which they have two sets of brakes, one on the driver's side and one on the other side where the instructor sits. Thus, if the student driver should run into difficulties the instructor can take over.

After a student has passed the driver's education course and reached the appropriate age to drive (this age differs in every state but in most cases the person must be 16 years old), he must take his driver's test. The person must pass all three tests in order to be given a driver's license. If the person does well in his or her driver's education class, he or she will pass the test with flying colors and get a driver's license.

In America, the driver's course mentioned above______.

A．is considered as part of the advanced education

B．is given to anyone wanting to get a driver's license

C．is carried on after students graduate from high school

D．is offered to all the students of Grade 2 in high school

h each printed symbol is looked at for its shape, and arrive at the stage when the pupil looks at words and phrases, for their meaning, almost without noticing the shapes of these separate letters.

When a good reader is at work, he does not look at letters, nor even at words, one by one, however quickly; he takes in the meaning of two, three, or four words at a time, in a single moment. Watch carefully the eyes of a person who is reading, and it will be seen that they do not travel smoothly along the lines of print, but they move by jumps separated by very short stops. The eyes of a very good reader move quickly, taking long jumps and making very short halts (停顿); the eyes of a poor reader move more slowly, taking only short jumps and stopping longer at each halt. Some- times, when he meets a difficulty, he even goes backwards to see again what has already been looked at once.

The teacher’s task is therefore clear: it is to train his pupils to take in several words at a glance (one "eye jump" ) and remove the necessity for going backwards to read something a second time.

This shows at once that letter-by-letter, or syllable-by-syllable (音节), or word-by-word reading, with the finger pointing to the word, carefully fixing each one in turn, is wrong, It is wrong because such a method ties the pupil’s eye down to a very short jump. Moreover, a very short jump is too short to provide any meaning or sense; and it will be found that having struggled with three or four words separately, the pupil has to look at them again, all together and in one group, in order to get the meaning of the whole phrase.

Which of the following is closest in meaning to the first paragraph？

A．Pupils should be trained to reach quickly the stage of reading without having to concentrate on the separate symbols.

B．Pupils should look at each printed symbol for its meaning as well as for its shape.

C．Teachers should help their pupils avoid looking at the shape of the printed symbols.

D．Teachers should tell their pupils the different stages of their study.

ing in the street, he __1__ a wallet. He returned it to the owner, Mr Baker. He gave his thanks to the boy. As the boy had no job, Mr. Baker made him work for him in his home. Billy worked so hard that Mr. and Mrs. Baker were __2__ with him.

Mr. Baker loved planting __3__. The week before last, he brought a few trees home, planted them in the __4__ himself and watered them every day. Several days later, he had to leave for another city. Before he started, he said to Billy, "Take good care of the trees. Some boys near our house always want to steal them."

"Don't worry about them." answered Billy. Six days passed and Mr. Baker came back. He asked," Has anyone ever come to steal the trees？" "No, sir," said Billy, "To stop someone from stealing the trees, I __5__ them up six days ago. I have hidden them for almost a week!"

1)、A.pleased

B.garden

C.pulled

D.trees

E.found

2)、A.pleased

B.garden

C.pulled

D.trees

E.found

3)、A.pleased

B.garden

C.pulled

D.trees

E.found

4)、A.pleased

B.garden

C.pulled

D.trees

E.found

5)、A.pleased

B.garden

C.pulled

D.trees

E.found

flights and one space walk. But he recalls with special fondness a decidedly earthbound experience in the summer of 1980, when he participated in the NASA-AS-EE Summer Faculty Fellowship Program. Voss, then a science teacher at West Point, was assigned to the Marshall Space Flight Center's propulsion lab in Alabama to analyze why a hydraulic fuel pump seal on the space shuttle was working so well when previous seals had failed. It was a seemingly tiny problem among the vast complexities of running the space program. Yet it was important to NASA because any crack in the seals could have led to destructive results for the astronauts who relied on them.

"I worked a bit with NASA engineers," says Voss, "but I did it mostly by analysis. I used a handheld calculator, not a computer, to do a thermodynamic analysis. "At the end of the summer, he, like the other NASA-ASEE fellows working at Marshall, summarized his findings in a formal presentation and detailed paper. It was a valuable moment for Voss because the ASEE program gave him added understanding of NASA, deepened his desire to fly in space, and intensified his application for astronaut status.

It was not an easy process. Voss was actually passed over when he first applied for the astronaut program in 1978. Over the next nine years he reapplied repeatedly, and was finally accepted in 1987. Since then he has participated in three space missions. The 50-year-old Army officer, who lives in Houston, is now in training for a four-month mission as a crew member on the International Space Station starting in July 2000.

Voss says the ASEE program is wonderful for all involved. "It brings in people from the academic world and gives NASA a special property for a particular period of time. It brings some fresh eyes and fresh ideas to NASA, and establishes link with our colleges and universities," Voss explains. "There's an exchange of information and an exchange of perspectives that is very important."

For the academic side, Voss says, the ASEE program also "brings institutions of higher learning more insight into new technology. We give them an opportunity to work on real-world problems and take it back to the classroom. "

Why was the hydraulic fuel pump seal important for the space shuttle？

A．Because previous seals all failed.

B．Because it was very complex in running the space program.

C．Because great care has to be taken of the hydraulic fuel pump sealing.

D．Because any crack in the seals would cause disastrous results for the astronauts.

A.rejected

B.discards

C.abandoned

D.quit