单选题On Mar. 14, when Wal-Mart Stores Inc. announced its first foray into Japan, the Bentonville (Ark.) retailing giant placed a big bet that it could succeed where countless other foreign companies have failed. In the past five years, a number of famous Western brands have been forced to close up shop after failing to Catch on in Japan, one of the world's largest—but most variable—consumer markets. May Wal-Mart make a go of it where others have stumbled? One good sign is that the mass marketer is not rushing in blindly. It has taken an initial 6.1% stake in ailing food-and-clothing chain Seiyu Ltd., which it can raise to a controlling 33.4% by yearend and to 66.7% by 2007. That gives Wal-Mart time to revise its strategy—or run for the exits. The question is whether Wal-Mart can apply the lessons it has learned in other parts of Asia to Japan. This, after all, is a nation of notoriously finicky consumers—who have become even more so since Japan slipped into a decade long slump. How will Wal-Mart bring to bear its legendary cost-cutting savvy in a market already affected by falling prices? Analysts are understandably skeptical. "It is uncertain whether Wal-Mart's business models will be effective in Japan," Standard & Poor's said in a Mar. 18 report. Much depends on whether Seiyu turns out to be a good partner. The 39-year-old retailer is a member of the reputed Seibu Saison retail group that fell on hard times in the early '90s. It also has deep ties to trading house Sumitomo Corp. , which will take a 15% stake in the venture with Wal-Mart. Perhaps the best thing that can be said of Seiyu's 400-odd stores is that they're not as deeply troubled as other local retailers. Still, there's a gaping chasm between the two corporate cultures. "We've never been known for cheap everyday pricing," says a Seiyu spokesman. Another potential problem is Sumitomo, which may not want to lean on suppliers to the extent that Wal-Mart routinely does. The clock is ticking. Wal-Mart executives say they need several months to "study" the deal with Seiyu before acting on it, but in the meantime a new wave of hyper-competitive Japanese and foreign rivals are carving up the market. If Wal-Mart succeeds, it will reduce its reliance on its home market even further and—who knows?—it may even revolutionize Japanese retailing in the same way it has in the U. S.
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单选题Bankers have been blaming themselves for their troubles in public. Behind the scenes, they have been taking aim at someone else: the accounting standard-setters. Their rules, moan the banks, have forced them to report enormous losses, and it"s just not fair. These rules say they must value some assets at the price a third party would pay, not the price managers and regulators would like them to fetch.
Unfortunately, banks" lobbying now seems to be working. The details may be unknowable, but the independence of standard-setters, essential to the proper functioning of capital markets, is being compromised. And, unless banks carry toxic assets at prices that attract buyers, reviving the banking system will be difficult.
After a bruising encounter with Congress, America"s Financial Accounting Standards Board (FASB) rushed through rule changes. These gave banks more freedom to use models to value illiquid assets and more flexibility in recognizing losses on long-term assets in their income statement. Bob Herz, the FASB"s chairman, cried out against those who "question our motives." Yet bank shares rose and the changes enhance what one lobby group politely calls "the use of judgment by management."
European ministers instantly demanded that the International Accounting Standards Board (IASB) do likewise. The IASB says it does not want to act without overall planning, but the pressure to fold when it completes its reconstruction of rules later this year is strong. Charlie McCreevy, a European commissioner, warned the IASB that it did "not live in a political vacuum" but "in the real world" and that Europe could yet develop different rules.
It was banks that were on the wrong planet, with accounts that vastly overvalued assets. Today they argue that market prices overstate losses, because they largely reflect the temporary illiquidity of markets, not the likely extent of bad debts. The truth will not be known for years. But bank"s shares trade below their book value, suggesting that investors are skeptical. And dead markets partly reflect the paralysis of banks which will not sell assets for fear of booking losses, yet are reluctant to buy all those supposed bargains.
To get the system working again, losses must be recognized and dealt with. America"s new plan to buy up toxic assets will not work unless banks mark assets to levels which buyers find attractive. Successful markets require independent and even combative standard-setters. The FASB and IASB have been exactly that, cleaning up rules on stock options and pensions, for example, against hostility from special interests. But by giving in to critics now they are inviting pressure to make more concessions.
单选题According to the passage, "things formerly judged to be best left unsaid" (Line 2, Par
单选题To be a good friend, you have to give of yourself, nonetheless not so much that you lose yourself. This is a pretty predictable recipe for happiness. Giving to others—a reliable way of fostering friendships—makes us happier than taking things for ourselves. In the light of research led by Dr. Elizabeth Dunn at the University of British Columbia, money can purchase happiness...on the prerequisite that you utilize it on other people. Researchers administered three studies consecutively. First, they surveyed more than 600 Americans and found that spending money on gifts and charities led to greater happiness than spending money on oneself. Subsequently they probed into workers who had just received bonuses and observed that their happiness did not hinge on the size of their bonus but on the decision they made about what to do with whatever amount of money they received. Those who spent more of their bonus on others were happier than those who spent the money on themselves. Finally, the researchers simply distributed money to a good many subjects, instructing some to spend the money on themselves and others to spend the money on others. At the end of the day, the ones who spent money on others were a good deal happier. As a consequence, having friends and treating them generously is clearly a winning strategy in life. But what about in business? If you watch even a single episode of any reality TV show based on a competition, such as The Apprentice, you'll hear a single phrase crop up more often than any other: "I'm not here to make friends!" Is that true? Are we better off being cutthroat than collaborative? Once you're on the job, having a best friend at work is a strong predictor of ensuing success. People might define "best" loosely (think of this as kindergarten where you can have more than one "best" friend), but according to a Gallup Organization study of more than 5 million workers over 35, 56% of the people who say they have a best friend at work are engaged, productive, and successful while only 8% of the ones who don't are. Another remarkable study, spanning decades, revealed that friendships in high school were an effective predictor of increased wages in adulthood—to the tune of 2% per person who considered you a close friend. To put it otherwise, if in high school three people regarded you as one of their closest same-sex friends, your earnings in adulthood work would be 6% higher. The happy truth is that the competitors who say they're not here to make friends don't win eventually. That's true for reality TV, for business, and for life as well.
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单选题For more than four centuries, to be Swedish was to be Lutheran (路德教派的). Every newborn there was automatically registered as a member of the Church of Sweden, the official Lutheran denomination. The marriage between church and state was so strong that it took an act of Parliament to change the prayer book, and bishops were chosen by members of the Cabinet. But Sweden, like the rest of Western Europe, has been transformed by a wave of immigration. The Stockholm phone book is still full of Larsons and Ericssons, but there are also listings now for folks named al-Ghusan, Ng, and Singh. Many of these newcomers have brought along their own religion. To the Swedes, with their unbending commitment to egalitarianism, it no longer seemed fair to give official favour to one faith over the others. The Swedish government made a huge leap of faith last New Year's Day, which was to disestablish the Church of Sweden and to pull the plug on public subsidies and government control over a faith that maintains a church in virtually every city and hamlet throughout this peninsula. A year later, the church leaders say that the separation they feared has been a blessing. "I think we all see a stronger sense of commitment now," says Pastor David Olson. "People realize it's up to them to maintain our churches, no the government. " That is not to say many people show up in their churches on Sunday mornings. "It is a secular society," shrugged Mr. Olson, who routinely preaches before three dozen people in an imposing old church that seats 900. "People don't go to mass. They don't even know how to go. They call me up and say, ' Do I need to reserve a seat for Sunday morning?' " Still the church has traditionally played a key role in Swedish life. "People go at the special times—Christmas, Easter, and baptisms, weddings, funerals," notes the Reverend Christina Berglund. "The Church of Sweden is rooted in people's consciousness. They feel an attachment to the church building itself in their home town. " One of the major concerns about the disestablishment was how to maintain the churches now that tax revenue will no longer pay for their upkeep. To solve this problem, the government has agreed to continue collecting the annual payment that always went to Church of Sweden. But now the "church tax" will be voluntary, an optional check-off box on the tax return form. And the government will allocate the money to Roman Catholic, Muslim, Jewish, and other faiths as well as the Lutherans.
单选题The purpose of the author in writing this passage is to urge the Fed
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单选题Anthropologists commonly distinguish three forms of marriage: monogamy, the marriage of one man to one woman, polygyny, the marriage of one man to two or more women, and polyandry, the marriage of one woman to two or more men. Polygyny and polyandry are often linked under the single term "polygamy" , a marriage of one individual to two or more spouses. Though there are many societies which permit, or even encourage, polygamous marriages, it does not follow, in such societies,that every married individual, or even that a majority of them, has more than one spouse, Quite the contrary is true, for in most, if not all, of so called polygamous societies monogamy is statistically the prevailing form. The reason for this is clear: the proportion of male to female births in any human society is roughly the same, and if this proportion is maintained among the sexually mature, a preponderance of plural marriages means that a considerable number of either men or women must remain unmarried. No society can maintain itself under such conditions; the emotional stresses would be too great to be survived. Accordingly, even where the cultural ideals do not prohibit plural marriages, these may occur on any notable scale only societies where for one reason or another, one sex markedly outnumbers the other. In short, monogamy not only prevails in most of the world's societies, either as the only approved form of marriage or as the only feasible form, but it may also prevail within a polygamous society where, very often, only a minority of the population can actually secure more than one spouse. In a polygynous household the husband must supply a house and garden for each of his wives. The wives live with him in turn, cooking and serving fur him during the period of his visit. The first wife takes precedence over the others. Polyandry is much rarer than polygyny. It is often the result of a disproportion in the ratio of men to women. In sum, polygamy is not, as so frequently indicated, universally a result of human immorality. It is simply not true, in this aspect of euhure as in many others, that people who follow patterns of culture deemed immoral in our society are thereby lacking in morality. Our ideal and compulsory pattern of marriage, which holds that monogamy is the only appropriate form of marriage, is not shared by all peoples, even by some of those who regularly practice monogamy. In a great many societies, monogamy is only one possible form of marriage, with polygyny or polyandry as perfectly possible, though less frequent, alternatives.
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单选题Which of the following is not mentioned as an example of the social changes occurring in the United States after 1821)?______
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单选题{{B}}Part A{{/B}}{{B}}Directions:{{/B}}Read the following four texts. Answer
the questions below each text by choosing A, B, C or D. Mark your answers on
ANSWER SHEET 1.{{B}}Text 1{{/B}}
A factory that makes uranium fuel for
nuclear reactors had a spill so bad it kept the plant closed for seven months
last year and became one of only three events in all of 2006 serious enough for
the Nuclear Regulatory Commission to include in an annual report to Congress.
After an investigation, the commission changed the terms of the factory's
license and said the public had 20 days to request a hearing on the
changes. But no member of the public ever did. In fact, no
member of the public could find out about the changes. The document describing
them, including the notice of hearing rights for anyone who felt adversely
affected, was stamped "official use only," meaning that it was not publicly
accessible. The agency would not even have told Congress which
factory was involved were it not for the efforts of Gregory B. Jaczko, one of
the five commissioners. Mr. Jaczko identified the company, Nuclear Fuel Services
of Erwin, Tenn,, in a memorandum that became part of the public record. His
memorandum said other public documents would allow an informed person to deduce
that the factory belonged to Nuclear Fuel Services. Such secrecy
by the Nuclear Regulatory Commission is now coming under attack by influential
members of Congress. These lawmakers argue that the agency is withholding
numerous documents about nuclear facilities in the name of national security,
but that many withheld documents are not sensitive. The lawmakers say the agency
must rebalance its penchant for secrecy with the public's right to participate
in the licensing process and its right to know about potential hazards. The
agency, the congressmen said, "has removed hundreds of in nocuous documents
relating to the N. F. S. plant from public view." With a
resurgence of nuclear plant construction expected after a 30-year hiatus, agency
officials say frequently that they are trying to strike a balance between
winning public confidence by regulating openly and protecting sensitive
information. A commission spokesman, Scott Burnell, said the "official use only"
designation was under review. As laid out by the commission's
report to Congress and other sources, the event at the Nuclear Fuel Service
factory was discovered when a supervisor saw a yellow liquid dribbling under a
door and into a hallway. Workers had previously described a yellow liquid in a
"glove box," a sealed container with gloves built into the sides to allow a
technician to manipulate objects inside, but managers had decided it was
ordinary uranium. In fact, it was highly enriched uranium that had been
declared surplus from the weapons inventory of the Energy Department and
sent to the plant to be diluted to a strength appropriate for a civilian
reactor. If the material had gone critical, "it is likely that at least one
worker would have received an exposure high enough to cause acute health effects
or death," the commission said. Generally, the Nuclear
Regulatory Commission does describe nuclear incidents and changes in licenses.
But in 2004, according to the committee's letter, the Office of Naval Reactors,
part of the Energy Department, reached an agreement with the commission that any
correspondence with Nuclear Fuel Services would be marked "official use
only."
单选题September 11th. 2001 drew the transatlantic alliance together; but the mood did not last, and over the five years since it has pulled ever further apart. A recent poll for the German Marshall Fund shows that 57% of Europeans regard American leadership in world affairs as "undesirable". The Iraq war is mainly to blame. But there is another and more intractable reason for the growing division: God. Europeans worry that American foreign policy under George Bush is too influenced by religion. The "holy warriors" who hijacked the planes on September 11th reintroduced God into international affairs in the most dramatic of ways. It seems that George Bush is replying in kind, encouraging a clash of religions that could spell global catastrophe. Dominique Moisi, a special adviser at the French Institute for International Relations, argues that "the combination of religion and nationalism in America is frightening. We feel betrayed by God and by nationalism, which is why we are building the European Union as a barrier to religious warfare." Josef Braml, of the German Institute for International and Security Affairs, complains that in America "religious attitudes have more of an influence on political choices than in any other western democracy. " The notion that America is too influenced by religion is not confined to the elites. Three in five French people and nearly as many Dutch think that Americans are too religious--and that religion skews what should be secular decisions. Europeans who think that America is "too religious" are more inclined to anti-Americanism than their fellow countrymen. 38% of Britons have an unfavourable view of America, but that number rises to 50% among people who are wary of American religiosity. Is America engaged in a faith-based foreign policy? Religion certainly exerts a growing influence on its actions in the world, but in ways more subtle and complicated than Europeans imagine. It is true that America is undergoing a religious revival. "Hot" religions such as evangelical Protestantism and hardline Catholicism are growing rapidly while "cool" mainline versions of Christianity are declining. It is also true that the Republican Party is being reshaped by this revival. Self-identified evangelicals provided almost 40% of Mr. Bushes vote in 2004; if you add in other theological conservatives, such as Mormons and traditional Catholics, that number rises closer to 60%. All six top Republican leaders in the Senate have earned 100% ratings from the Christian Coalition. It is also true that Mr. Bush frequently uses religious rhetoric when talking of foreign affairs. On September 12th he was at it again, telling a group of conservative journalists that he sees the war on terror as "a confrontation between good and evil", and remarking, "It seems to me that there's a Third Awakening" (in other words, an outbreak of Christian evangelical fervour, of the sort that has swept across America at least twice before). And Christian America overall is taking a bigger interest in foreign policy. New voices are being heard, such as Sam Brownback, a conservative senator from Kansas who has led the fight against genocide in Darfur, and Rick Warren, the author of a bestseller called "The Purpose-Driven Life", who is sending 2,000 missionaries to Rwanda. Finally, it is true that religious figures have done some pretty outrageous things. Pat Robertson called for the assassination of Hugo Ch vez, the president of Venezuela. Lieutenant-General William "Jerry" Boykin, deputy under-secretary of defence for intelligence, toured the country telling Christian groups that radical Muslims hate America "because we're a Christian nation and the enemy is a guy named Satan". He often wore uniform.
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单选题{{B}}Part A{{/B}}{{B}}Directions:{{/B}}Read the following four texts. Answer
the questions below each text by choosing A, B, C or D. Mark your answers on
ANSWER SHEET 1. {{B}}Text 1{{/B}}
Few insects have inspired as much fear
and hatred as the diminutive fire ants, less than half an inch long but living
in colonies of more than 250,000 others. Everyone in the southern United States
gets to know fire ants sooner or later by painful experience. Fire ants live in
large earthen mounds and are true social insects--that means they have a caste
system ( division of labor), with a specialized caste that lays eggs
(queen) and a worker caste of sterile females. There are several reasons that
they are considered pests. About 60% of people living in areas where fire ants
occur are stung every year. Of these, about 1% have some degree of allergic
reaction ( called anaphylaxis) to the sting. Their large mounds are unsightly
and can damage mowing equipment. Fire ants sometimes enter electrical and
mechanical equipment and can short out switches or chew through insulation.
Finally. as fire ants move into new areas, they reduce diversity of native ants
and prey on larger animals such as ground-nesting birds and turtles.
Even though fire ants are pests in many circumstances, they can actually
be beneficial in others. There is evidence that their predatory activities can
reduce the numbers of some other important pests. In cotton, for example, they
prey on important pests that eat cotton plants such as bollworms and budworms.
In Louisiana sugarcane, an insect called the sugarcane borer used to be a very
important pest before fire ants arrived and began preying on it. Fire ants also
prey on ticks and fleas. Whether fire ants are considered pest
or not depend on where they are found, but one thing is sure—we had best get
used to living with them. Eradication attempts in the 1960s and 1970s failed for
a number of reasons, and scientists generally agree that complete elimination of
fire ants from the United States is not possible. A new, long-term approach to
reducing fire ant populations Involves classical biological control. When fire
ants were accidentally brought to the United States, most of their parasites and
diseases were not. Classical biological control involves identifying
parasites and diseases specific to fire ants in South America, testing them to
be sure that they don ' t attack or infect native plants or animals and
establishing them in the Introduced fire ant population In the United States.
Since fire ants are about 5 to 7 times more abundant here than in South America,
scientists hope to reduce their numbers using this
approach.
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单选题{{B}}Part A{{/B}}{{B}}Directions:{{/B}} Read the following four
texts. Answer the questions below each text by choosing A, B, C or D. Mark your
answers on ANSWER SHEET 1. {{B}}Text 1{{/B}}
For years Internet merchants have
poured millions of dollars into new technologies to make their sites easier to
use. So why aren't online customers happier? Customer
satisfaction levels have remained almost fiat through the last several years.
The problem, according to Larry Freed, chief executive of a consulting and
research firm called ForeSee Results, is not so much that consumers have ignored
the many improvements made in recent years. Rather, be said, they still expect
more from Internet shopping than it has delivered. "If we walk
into a local store, we don't expect that experience to be better than it was a
couple years ago," Mr. Freed said. "But we expect sites to be better. The bar
goes up every year." In ForeSee's latest survey, released last month, just five
e-commerce sites registered scores higher than 80 out of 100, and no site scored
higher than 85. It was much the same story a year ago, when just five scored
higher than 80, with no site surpassing 85. "Scores have inched up over time for
the best e-commerce companies, but the overall numbers haven't moved
drastically," Mr. Freed said. "At the same time though, if you don't do anything
you see your scores drop steadily." That dynamic has been a
challenge for online merchants and investors, who a decade ago envisioned.
Internet stores as relatively inexpensive (and therefore extremely profitable)
operations. Now some observers predict a future where online retailers will
essentially adopt something like the QVC model, with sales staff pitching the
site's merchandise with polished video presentations, produced in a high-tech
television studio. QVC.com is evolving in that direction. The
Web site, which sold more than $1 billion in merchandise in 2006, has for the
last five years let visitors watch a live feed of the network's broadcast. But
in recent months, QVC.com has also given visitors the chance to watch archives
of entire shows, and in the coming months visitors will be able to find more
video segments from recent shows, featuring individual products that remain in
stock. Bob Myers, senior vice president of QVC.com, said the Web site's video
salesmanship is especially effective when combined with detailed product
information, customer reviews and multiple photographs. About
eight months ago, for instance, a customer said that she could not determine the
size of a handbag from the photographs on the site because she could not tell
the height of the model who was holding it. Within two weeks the site tested and
introduced a new system, showing the bags with women of three different heights.
The results were immediate: women who saw the new photographs bought the bags at
least 10 percent more frequently than those who had not. Still,
Mr. Myers said, video is a critically important element to sales. "E-commerce
started with television commerce," he said. "The sites who engage and entertain
customers will be winning here in the near future." Such a prospect is not
necessarily daunting to other e-commerce executives. Gordon Magee, head of
Internet marketing for Drs. Foster & Smith, based in a Rhinelander, Wis.,
said a transition to video "will be seamless for us." The company, Mr. Magee
said, has in recent weeks discussed putting some of its product on video "so
customers could see a 360-degree view they don't have to manipulate
themselves."