单选题
A. Holding physically the stock certificates by the investors. B. Keeping electronic record of stock ownership by the brokerage. C. Depositing the stock certificate with the Wall Street bankers. D. Depositing the stock certificate with investment bankers in the Wall Street.
【正确答案】
B
【答案解析】[听力原文] Plain and simple, stock is a share in the ownership of a company. Stock represents a claim on the company's assets and earnings. As you acquire more stock, your ownership stake in the company becomes greater. Holding a company's stock means that you are one of the many owners of a company, and, as such, you have a claim to everything the company owns. As an owner, you are entitled to your share of the company's earnings as well as any voting rights attached to the stock. A stock is represented by a stock certificate. This is a fancy piece of paper that is proof of your ownership. In today's computer age, you won't actually get to see this document because your brokerage keeps these records electronically, which is also known as holding shares "in street name". This is done to make the shares easier to trade. In the past when a person wanted to sell his or her shares, that person physically took the certificates down to the brokerage. Now, trading with a click of the mouse or a phone call makes life easier for everybody. Being a shareholder of a public company does not mean you have a say in the day-to-day running of the business. Instead, one vote per share to elect the board of directors at annual meetings is the extent to which you have a say in the company. The management of the company is supposed to increase the value of the firm for shareholders. If this doesn't happen, the shareholders can vote to have the management removed. Well, this is the theory anyway. In reality, individual investors like you and I don't own enough shares to have a material influence on the company.
What does the phrase "holding shares in street name" probably refer to according to the passage?
单选题
A. You have a say in the daily management of the company. B. You become a member of the board of directors. C. You have one vote per share to elect the board of directors. D. You can air your view on how to run the company.
【正确答案】
C
【答案解析】[听力原文] What does it mean to be a shareholder of a public company?
单选题
A. To raise the value of the firm for the shareholders. B. To raise the asset of the firm for the debtors. C. To raise the liquidity assets for the debtors. D. To raise the stockholding plans for the employees.
【正确答案】
A
【答案解析】[听力原文] What is the duty of the management of the company?