—().—Yeah, mine too, I'm just crazy about him.
A、I like the pop singer
B、Do you enjoy it
C、I had a good time
D、He is one of my favorites
A、I like the pop singer
B、Do you enjoy it
C、I had a good time
D、He is one of my favorites
Lisa is analyzing the questionnaire about online shopping.
Lily: Hi, Lisa. Pretty busy? Right?
Lisa: Yeah, I'm collecting data from the questionnaires for the online shoppers on the ().
Lily: Really? Sounds interesting.
Lisa: Well, the results are quite(). What do you think are the most popular things people buy online?
Lily: Definitely, clothes.
Lisa: No, at first I thought so too, but the results show that I'm wrong.
Lily: How could that be? If the most popular thing being sold online is not clothes, then what is it?
Lisa: Don't feel surprised.()the survey, online courses()the first place, especially the courses for accounting and languages.
Lily: Really? It's unbelievable. What's next? It should be the clothes or snacks, right?
Lisa: You are wrong again, the results shocked me too. Following online courses, health products()the second place.
Lily: That really surprised me, too. You just taught me a lesson and()my understanding about online shopping.
Lisa: Have a seat, and let me show you some more unexpected results.
Lily: OK! I'm really()about it.
阅读理解:阅读下面的对话,选择合适的内容将对话补充完整。
Mary JohnsonA、Good morning, Mr. Liu! How good to see you! Have you had a nice journey?
Liu Hua:_____
Mary:May I introduce an old friend of mine to you? Tony Smith is an architect and has a special interest in bridge design.
TonySmith:_____
Liu Hua:How do you do? Mr. Smith. Nice to meet you.
Tony:Nice to see you, too. I know, you are the design leader of the Island & Tunnel Project of the Hong Kong-Zhuhai-Macao Bridge. It’s my honor to meet you here.
Liu Hua: _____
Tony:It is said that the bridge is the longest cross-sea bridge in the world. How long is it?
LiuHua:Sure. You know, this bridge connects Hong Kong, Zhuhai and Macau. It has a total length of 49.968 km, of which 35.578 km will be built over the sea.
Tony:_____
Mary:It sounds fantastic. I also want to see it when it’s finished.
LiuHua:No problem, you are welcome!
Mary:Now we’ll send you to the hotel and you can take a rest there. We’ll have a meeting on bridge design tomorrow morning.
Liu Hua:_____
Tony:You’re welcome.
A. How do you do? Mr. Liu.
B. That’s great! I hope someday I can witness such a miracle!
C. Thank you very much for your help.
D. Glad to see you, too, Mary. Indeed, it’s been a very nice journey.
E. Thank you very much.
M: Well, everyone has been talking about having a barbecue down by the river, so why don't you pick up some hamburger and hot dogs?
W: Okay, but how much hamburger are we going to need? And hot dogs too?
M: Uh, I don't know. How about three pounds of hamburger and a couple packages of hot dogs?
W: Oh, that's not going to be enough. Do you remember the last picnic we went on? Your roommate, Jim, ate about ten hamburgers by himself!
M: You're right. Let's see. I'd better write this down. Uh, let's see about nine pounds of hamburger meat and, uh .... seven packages of hot dogs.
W: And you'd better pick up some chicken for those who don't like hamburger or hot dogs.
M: Okay. How about five or six bags of potato chips?
W: Humm. Better make that eight or so.
M: All right. Oh, and we're gonna need some hamburger and hot dog buns, How about five packages a piece? I think that sounds about right.
W: Yeah, you'd better pick up some mustard, catchup, and mayonnaise too.
M: Okay. What else? Uh, we're gonna need some soft drinks. How about ten of those big 2-liter bottles?
W: Sounds fine, but be sure to buy a variety of drinks.
M: Okay. And what about dessert?
W: Well, maybe we could ask Kathy to make a few cherry pies like she did last time.
M: Well, I heard that she's been very busy working two jobs, so we'd better not ask her, uh... Hey, why don't you whip up some of your oatmeal cookies? Hey, you could even ask, uh... what's her name.., yeah that new girl, Susan, the one that moved in across the street! I bet she'd be willing to help you !
W: Nah, I don't think I could ask her, I haven't got a phone number. Anyway, I can try myself.
(20)
A.At a park.
B.At the beach.
C.At Dave's house.
D.By a river.
1 The board of Worldwide Minerals (WM) was meeting for the last monthly meeting before the publication of the yearend
results. There were two points of discussion on the agenda. First was the discussion of the year-end results;
second was the crucial latest minerals reserves report.
WM is a large listed multinational company that deals with natural minerals that are extracted from the ground,
processed and sold to a wide range of industrial and construction companies. In order to maintain a consistent supply
of minerals into its principal markets, an essential part of WM’s business strategy is the seeking out of new sources
and the measurement of known reserves. Investment analysts have often pointed out that WM’s value rests principally
upon the accuracy of its reserve reports as these are the best indicators of future cash flows and earnings. In order to
support this key part of its strategy, WM has a large and well-funded geological survey department which, according
to the company website, contains ‘some of the world’s best geologists and minerals scientists’. In its investor relations
literature, the company claims that:
‘our experts search the earth for mineral reserves and once located, they are carefully measured so that the company
can always report on known reserves. This knowledge underpins market confidence and keeps our customers
supplied with the inventory they need. You can trust our reserve reports – our reputation depends on it!’
At the board meeting, the head of the geological survey department, Ranjana Tyler, reported that there was a problem
with the latest report because one of the major reserve figures had recently been found to be wrong. The mineral in
question, mallerite, was WM’s largest mineral in volume terms and Ranjana explained that the mallerite reserves in
a deep mine in a certain part of the world had been significantly overestimated. She explained that, based on the
interim minerals report, the stock market analysts were expecting WM to announce known mallerite reserves of
4·8 billion tonnes. The actual figure was closer to 2·4 billion tonnes. It was agreed that this difference was sufficient
to affect WM’s market value, despite the otherwise good results for the past year. Vanda Monroe, the finance director,
said that the share price reflects market confidence in future earnings. She said that an announcement of an incorrect
estimation like that for mallerite would cause a reduction in share value. More importantly for WM itself, however, it
could undermine confidence in the geological survey department. All agreed that as this was strategically important
for the company, it was a top priority to deal with this problem.
Ranjana explained how the situation had arisen. The major mallerite mine was in a country new to WM’s operations.
The WM engineer at the mine said it was difficult to deal with some local people because, according to the engineer,
‘they didn’t like to give us bad news’. The engineer explained that when the mine was found to be smaller than
originally thought, he was not told until it was too late to reduce the price paid for the mine. This was embarrassing
and it was agreed that it would affect market confidence in WM if it was made public.
The board discussed the options open to it. The chairman, who was also a qualified accountant, was Tim Blake. He
began by expressing serious concern about the overestimation and then invited the board to express views freely. Gary
Howells, the operations director, said that because disclosing the error to the market would be so damaging, it might
be best to keep it a secret and hope that new reserves can be found in the near future that will make up for the
shortfall. He said that it was unlikely that this concealment would be found out as shareholders trusted WM and they
had many years of good investor relations to draw on. Vanda Monroe, the finance director, reminded the board that
the company was bound to certain standards of truthfulness and transparency by its stock market listing. She pointed
out that they were constrained by codes of governance and ethics by the stock market and that colleagues should be
aware that WM would be in technical breach of these if the incorrect estimation was concealed from investors. Finally,
Martin Chan, the human resources director, said that the error should be disclosed to the investors because he would
not want to be deceived if he were an outside investor in the company. He argued that whatever the governance codes
said and whatever the cost in terms of reputation and market value, WM should admit its error and cope with
whatever consequences arose. The WM board contains three non-executive directors and their views were also
invited.
At the preliminary results presentation some time later, one analyst, Christina Gonzales, who had become aware of
the mallerite problem, asked about internal audit and control systems, and whether they were adequate in such a
reserve-sensitive industry. WM’s chairman, Tim Blake, said that he intended to write a letter to all investors and
analysts in the light of the mallerite problem which he hoped would address some of the issues that Miss Gonzales
had raised.
Required:
(a) Define ‘transparency’ and evaluate its importance as an underlying principle in corporate governance and in
relevant and reliable financial reporting. Your answer should refer to the case as appropriate. (10 marks)
A. against
B. for
C. of
D. below