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1、Test3READING1hourREADINGPARTONEQuestions1—7·Lookatthestatementsandthecompanynewsreportsbelow.·Whichnewsreport(A,B,CorD)doeseachstatement1—7referto?·Foreachsentence1-7,markoneletter(A,B,CorD)onyourAnswerSheet.·Youwillneedtousesomeofthelettersmorethanonce.1.IthasbusinesstransactionswithanAm
2、ericancompany.2.FortymillionU.S.dollarsareinvestedinTaiwan.3.Noothersteelindustrieshavesuchahighrating.4.ThecompanyisthechiefholderofaBritishcompany'sshares.5.Itexpandsinthefieldofatelecommunicationline.6.Agreementsweresignedbetweentwocompaniesabouttechnologicalcooperation.7.Thecompanyget
3、saveryhighinterestratefromitsstocks.A.Withitsinvestment,andtechnologyagreements,ZenithElectronicsoftheU.S.—thefirsttransactionofthistypeinKoreaoccured.B.Structured,marketedtoinvestorsandmadeaprincipalinvestmentintheFundwithtotalequityofU,S.40milliontoinvestinTaiwanesehigh4echnologyventure
4、capitalopportunities.C.InconnectionwithitsratingswithStandard&Poor'sandMoody'sinvestorServices,thecompanyobtainedthehighestratingofanysteelcompanyintheworld.D.Itacquiresits50%interestinCambridgeHoldingLtd.,thecontrollingshareholderofCambridgeCableLtd.oftheU.K.Anditalsoservesaninternationa
5、ladvisorinconnectionwiththedebtandequityfinancingfora3milliontelephonelineexpansionprojectinBangkok.PARTTWOQuestions8—12·ReadthearticlebelowaboutAuctionsales.·Choosethebestsentencetofilleachofthegaps.·Foreachblank8—12markoneletter(A—G)onyourAnswerSheet.·Donotuseanylettertwice.·Thisisanexa
6、mpleatthebeginning.AuctionSalesAuctionsarepublicsalesofgoodsconductedbyanofficiallyapprovedauctioneer.Heasksthecrowdgatheredintheauction-roomtomakeoffers,or"bids",forthevariousitemsonsale.Heencouragesbuyerstobidhigherfigures,andfinallynamesthehighestbidderasthebuyerofthegoods.(8).Amongthe
7、searecoffee,skins,wool,tea,fruit,vegetables,andwines.Auctionsalesarealsousefulforlandandproperty,antiquefurniture,pictures,rarebooks,oldchina,andworksofart.Anauctionisusuallyadvertisedbeforehandwithafulldescriptionofthearticlestobesoldand(9).Iftheadvertisementcannot