The corporate head office of Ezonexam has a teleconferencing system that uses VOIP （voice

The corporate head office of TestKing has a teleconferencing system that uses VOIP (voice over IP) technology. This system uses UDP as the transport for the data transmissions. If these UDP datagrams arrive at their destination out of sequence,what will happen？（）

A. UDP will send an ICMP Information Request to the source host.

B. UDP will pass the information in the datagrams up to the next OSI layer in the order that they arrive.

C. UDP will drop the datagrams.

D. UDP will use the sequence numbers in the datagram headers to reassemble the data in the correct order.

E. UDP will not acknowledge the datagrams and wait for a retransmission of the datagrams.

A.instrumentfor

B.stomach

C.head

D.surgicalbinding

risdictional attempts to

regulate corporate governance were futile because of differences in national culture. He drew particular attention to

the Organisation for Economic Co-operation and Development (OECD) and International Corporate Governance

Network (ICGN) codes, saying that they were, ‘silly attempts to harmonise practice’. He said that in some countries,

for example, there were ‘family reasons’ for making the chairman and chief executive the same person. In other

countries, he said, the separation of these roles seemed to work. Another delegate, Alliya Yongvanich, said that the

roles of chief executive and chairman should always be separated because of what she called ‘accountability to

shareholders’.

One delegate, Vincent Viola, said that the right approach was to allow each country to set up its own corporate

governance provisions. He said that it was suitable for some countries to produce and abide by their own ‘very

structured’ corporate governance provisions, but in some other parts of the world, the local culture was to allow what

he called, ‘local interpretation of the rules’. He said that some cultures valued highly structured governance systems

while others do not care as much.

Required:

(a) Explain the roles of the chairman in corporate governance. (5 marks)

The grip of a joint represents the ______.

A.thickness of the connected members

B.diameter of the head

C.entire length of the rivet

D.diameter of the shank

problem. Human-resource management is not traditionally seen as central to the competitive survival of the firm in the United States. Skill acquisition is considered an individual responsibility. Labor is simply another factor of production to be hired — rented at the lowest possible cost — much as one buys raw materials or equipment.

The lack of importance attached to human-resource management can be seen in the corporate hierarchy. In an American firm the chief financial officer is almost always second in command. The post of head of human-resource management is usually a specialized job, off at the edge of the corporate hierarchy. The executive who holds it is never consulted on major strategic decisions and has no chance to move up to Chief Executive Officer (CEO). By way of contrast, in Japan the head of human-resource management is central — usually the second most important executive, after the CEO, in the firm's hierarchy.

While American firms often talk about the vast amounts spent on training their work forces, in fact they invest less in the skills of their employees than do either Japanese or German firms. The money they do invest is also more highly concentrated on professional and managerial employees. And the limited investments that are made in training workers are also much more narrowly focused on the specific skills necessary to do the next job-rather than on the basic background skills that make it possible to absorb new technologies.

As a result, problems emerge when new breakthrough technologies arrive. If American workers, for example, take much longer to learn how to operate new flexible manufacturing stations than workers in Germany (as they do), the, effective cost of those stations is lower in Germany than it is in the United States. More time is required before equipment is up and running at capacity, and the need for extensive retraining generates costs and creates bottlenecks that limit the speed with which new equipment can be employed. The result is a slower pace of technological change. And in the end the skills of the bottom half of the population affect the wages of the top half. If the bottom half can't effectively staff the processes that have to be operated, the management and professional jobs that go with these processes will disappear.

Which of the following applies to the management of human resources in American companies？

A．They hire people at the lowest cost regardless of their skills.

B．They see the gaining of skills as their employees' own business.

C．They attach more importance to workers than to equipment.

D．They only hire skilled workers because of keen competition.

阅读理解：

A --------------- annual bonus

B --------------- basic salary

C --------------- benefit

D --------------- commission

E --------------- head hunter

F --------------- health insurance

G --------------- housing fund

H --------------- job center

I --------------- job fair

J --------------- job offer

K --------------- labor market

L --------------- labor contract

M --------------- minimum wage

N --------------- retirement insurance

O --------------- trial period

P --------------- unemployment insurance

Q --------------- welfare

Examples: (A) 年终奖 (O) 试用期

36. () 招聘会 () 最低工资

37. () 劳动合同 () 福利

38. () 养老保险 () 住房基金

39. () 猎头 () 基本工资

40. () 劳务市场 () 失业保险

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)

Section B – TWO questions ONLY to be attempted

GNT Co is considering an investment in one of two corporate bonds. Both bonds have a par value of $1,000 and pay coupon interest on an annual basis. The market price of the first bond is $1,079？68. Its coupon rate is 6% and it is due to be redeemed at par in five years. The second bond is about to be issued with a coupon rate of 4% and will also be redeemable at par in five years. Both bonds are expected to have the same gross redemption yields (yields to maturity).

GNT Co considers duration of the bond to be a key factor when making decisions on which bond to invest.

Required:

(a) Estimate the Macaulay duration of the two bonds GNT Co is considering for investment. (9 marks)

(b) Discuss how useful duration is as a measure of the sensitivity of a bond price to changes in interest rates. (8 marks)

出该乘法表。请改正程序中的错误(有下画线的语句)，使程序能输出正确的结果。

注意：不改动程序的结构，不得增行或删行。

import java.awt.*；

import java.applet.*；

import java.lang.*；

public class exl2_3 extends Applet{

private TextField tf；

private Button btn；

public void init(){

tf=new TextField(25)；

add(tf)；

btn=new Button("确定")；

add(btn)；

resize(250，200)；

}

public void paint(Craphics g){

try{

int n= tf.getText()；

int i,j,x=20,y=60；

for(i=0;i＜n;++){

for(j=1;j＜=n;j++){

g．drawString(Integer.toString(i)+"*"

+Integer.toString(j)+"="

+Integer.toString(i*j)，

i*x,j*y)；

}

}

}

catch(NuaberFormatEXCeption nfe){

g.drawString("error namber!",20,50)；

}

}

public boolean action(Event e，Object o){

if(o=="确定"){

repaint()；

return true；

}

else

return false；

}

}

exl2_3.html

＜HTML＞

＜HEAD＞

＜TITLE＞exl2_3＜/TITLE＞

＜/HEAD＞

＜BODY＞

＜applet code="exl2_3.class"width=800 height=400＞

＜/applet＞

＜/BODY＞

＜/HTMI＞