题目
A European based company follows IFRS (International Financial Reporting Standards) and capitalizes new product development costs. During 2008 they spent€25 million on new product development and reported an amortization expense related to a prior year’s new product development of €10 million. Other information related to 2008 is as follows:
An analyst would like to compare the European company to a similar U.S. based company and has decided to adjust their financial statements to U.S. GAAP. Under U.S. GAAP, and ignoring tax effects, the cash flow from operations (€ millions) for the company would be closest to:
A. 265.
B. 275.
C. 290.
第1题
What can we learn about the Mayan calendar?
A. It was based on the European calendars.
B. It was better than European calendars.
C. It was as accurate as European calendars.
D. It was copied by European calendars.
第2题
Questions 16 to 19 are based on the passage you have just heard.
A.To win over the majority of passengers from airlines in twenty years.
B.To reform. railroad management in western European countries.
C.To electrify the railway lines between major European cities.
D.To set up an express train network throughout Europe.
第3题
The dispute between the European Union and the United States is mainly about
A.whether there is a steep decline in food aid since the 1990s.
B.whether food aid drives local farmers out of the market.
C.whether food aid displaces local products in developing countries.
D.whether food aid should be in the form. of cash or agricultural products.
第4题
B./ nSmartbits can measure the following index:/ nframe. loss/ nthroughput/ nlatency/ nback to back
C./ nTo set a SmartBits, you must connect COM of PC with CONSOLE of SmartBits by serial port cable to run hyperterminal.
D.SmartBits600 can be configured with 2 LAN-3100A modules and can test 16 10/100M Ethernet ports.
第5题
A.
B.
C.
D.
第6题
For one, we have made getting to Europe easy. Systemwide, we serve nine European cities. From New York, we fly nonstop to Paris, Frankfurt and Zurich, with continuing service to Geneva.
Second, we have designed these vacation package tours the way Americans like to travel. We have picked hotels that give you the flavor of Europe while providing real value for your money.
We Americans have always like making up our own minds. We have tours by escorted (护卫)motor coach or your own rental car. And land packages in Paris that start as low as 299—1289.
Another advantage of our fly-away vacations is that they are at a set US price. You needn’t worry about the changes in European currency. Then there is our fly-away vacation warranty. It’s your assurance that Americans stand behind your fly-away vacations.
You will find all the details of our warranty and of our European fly-away vacations in two free color brochures. Just call your travel agent or America toll-free at (800) 433-7300 to get yours.
* Restrictions:Price is valid through 10/31/88 and is per person based on double occupancy for 6 nights. Price is subject to change without notice and does not include air fare, taxes or surcharges. Hotel subject to availability on certain dates. Warranty details available upon request.
Which of the following is TRUE according to the passage?
A.The price of the fly-away vacation is fixed.
B.Price is always valid, so you do not need to worry.
C.During the tour, there is no other type of tours.
D.There are only a few stops during the tour.
第7题
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)
第8题
Questions36-45 are based on the following passage.
One in five US workers regularly attends after-work drinks with co-workers, where the most common 36_________range from bad-mouthing (说……的坏话. another worker to kissing a colleague and drinking too much,according to a study 37_________on Tuesday.
Most workers attend so-called happy hours to 38_________ with colleagues, although 15 percent go to hear thelatest office gossip and 13 percent go because they feel obligated, said the survey conducted for CareerBuilder. com,an online job site.
As to what happens when the after-work drinks flow,16 percent reported bad-mouthing a colleague,10percent shared a secret about a colleague,8 percent kissed a colleague and 8 percent said they drank too much andacted 39_________ .5 percent said they had shared a secret about the company, and 4 percent 40________ to singing karaoke.While 21 percent of those who attend say happy hours are good for 41_________,85 percent said attending had nothelped them get 42_________ to someone higher up or get a better position.
An equal number of men and women said they attend happy hours with co-workers, with younger workers aged 25 to 34 most likely and workers over 55 least 43_________to attend.
Overall,21 percent of workers attend happy hours with co-workers and, of those,44_________a quarter go at least once a month.
The survey was 45 _________online by Harris Interactive on behalf of CareerBuilder. com among 6,987 full-time employees.
A. bond
B.acknowledged
C. nearly
D. specially
E. anywhere
F. mishaps
G. obligated
H. likely
I. conducted
J. idly
K. unprofessionally
L. networking
M. released
N. confessed
O. researched
第9题
In 1929, under President Herbert Hoover, the Federal FarmBoard was organized. It established the principle of direct interference with supply and demand, and it represented the first national commitment to provide greater economic stability for farmers.
President Hoover' s successor attached even more importance to this problem. One of the first measures proposed by President Franklin D. Roosevelt when he took office in 1933 was the Agricultural Adjustment Act, which was subsequently passed by Congress. This law gave the Secretary of Agriculture the power to reduce production through voluntary agreements with farmers who were paid to take their land out of use. A deliberate scarcity of farm productswas planned in an effort to raise prices. This law was declared unconstitutional by the Supreme Court on the grounds that general taxes were being collected to pay one special group of people. However, new laws were passed immediately that achieved the same result of resting soil and providing flood-control measures, but which were based on the principle of soil conservation. The Roosevelt Administration believed that rebuilding the nation' s soil was in the national interest and was not simply a plan to help farmers at the expense of other citizens. Later the government guaranteed loans to farmers so that they could buy farm machinery, hybrid(杂交) grain, and fertilizers.
What brought about the decline in the demand for American farm products?
A.The impact of the Great Depression.
B.The shrinking of overseas markets.
C.The destruction caused by the First World War.
D.The increased exports of European countries.
第10题
根据下列文章,请回答 21~25 题。
Text 1
In the 1920s demand for American farm products fell, as European countries began to recover from World War I and instituted austerity (紧缩) programs to reduce their imports. The result was a sharp drop in farm prices. This period was more disastrous for farmers than earlier times had been, because farmers were no longer self-sufficient. They were paying for machinery, seed, and fertilizer, and they were also buying consumer goods. The prices of the items farmers bought remained constant, while prices they received for their products fell. These developments were made worse by the Great Depression, which began in 1929 and extended throughout the 1939s.
In 1929, under President Herbert Hoover, the Federal Farm Board was organized. It established the principle of direct interference with supply and demand, and it represented the first national commitment to provide greater economic stability for farmers. President Hoover' s successor attached even more importance to this problem. One of the first measures proposed by President Franklin D. Roosevelt when he took office in 1933 was the Agricultural Adjustment Act, which was subsequently passed by Congress. This law gave the Secretary of Agriculture the power to reduce production through voluntary agreements with farmers who were paid to take their land out of use.A deliberate scarcity of farm, products was planned in an effort to raise prices. This law was declared unconstitutional by the Supreme Court on the grounds that general taxes were being collected to pay one special group of people.However, new laws were passed immediately that achieved the same result of resting soil and providing flood-control measures, but which were based on the principle of soil conservation. The Roosevelt Administration believed that rebuilding the nation' s soil was in the national interest and Was not simply a plan to help farmers at the expense of other citizens. Later the government guaranteed loans to farmers so that they could buy farm machinery, hybrid (杂交)grain, and fertilizers.
第 21 题 What brought about the decline in the demand for American farm products?
A.The impact of the Great Depression.
B.The shrinking of overseas markets.
C.The destruction caused by WWI.
D.The increased exports of European countries.
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