剑桥商务英语高级考试试题及答案解析Word下载.docx

剑桥商务英语高级考试试题及答案解析Word下载.docx

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Foreachstatement1—8,markoneletter（A,B,C,DorE）onyourAnswerSheet.·

Youwillneedtousesomeoftheselettersmorethanonce.

第1题

ASeparateLegalEntity

Auniquefeatureofacompanyisthat,nomatterhowmanyindividualshaveboughtsharesinit,itistreatedinitsdealingswiththeoutsideworldasifitwasapersoninitsownright.Itissaidtobeaseparatelegalentity.Justasthelawcancreatethisseparatelegalperson,thelawalsocaneliminateit,butitsexistencecanonlybeterminatedbyusingtheproperlegalprocedures.

Thus,theidentityoftheshareholdersinalargeconcernmaybechangingconstantlyassharesareboughtandsoldbydifferentpeople.Ontheotherhand,asmallprivatecompanymayhavethesameshareholdersfromthedateitisincorporated（thedayitlegallycameintobeing）,untilthedatewhenliquidationiscompleted（thecessationofthecompany,oftenknownas"

windingup"

orbeing"

woundup"

）.Aprimeexampleofitsidentityasaseparatelegalentityisthatitmaysueitsownshareholders,orinturnbesuedbythem.

BLimitedLiability

Mostcompaniesare"

limited"

companies.Thismeansthatanyshareholderwhohaspaidfortheshare（s）whichhehasboughtcannotbeforcedtopaymoremoneyintothecompanyif,forexample,itismakinglossesorhasgoneintoliquidation.Thus,themaximumamountofmoneyanyshareholdercanlosebyinvestinginacompanyistheamounthehasinvested.Unlikeinsoletradersorpartnershipsashareholderinalimitedcompanycannotbeforcedtosellhisownpropertytopaythedebtsofthebusiness.

Ifashareholderhasnotpaidinfullfortheshareshehasagreedtobuy,hecanbeforcedtopaythebalanceowingontheshares.Oncehehaspaidthatamounthecannotbeforcedtopayanyfurtheramount.Thus,hisliabilityislimited.

CCompanyDirectors

Theday-to-daymanagementofacompanyisnotcarriedoutbytheshareholders.Shareholderscannormallyattend,andvoteat,generalmeetingsoftheircompany.Atoneofthesemeetingstheshareholderswillvotefordirectors,thepeopletowhomtherunningofthecompanyisentrusted.AteachAnnualGeneralMeeting（AGM）thedirectorshavetoreporttotheshareholders.Theywriteadirectors'

reportandthisisaccompaniedbyasetoffinalaccountsfortheyear.Ifthereisachangeinthedirectorsofacompany,forexample,anewdirectorbeingappointedoranexistingdirectorresigning,thischangemustbenotifiedtotheCompaniesOfficewithinfourteendaysofthechange.Theboardofdirectors（usuallyknownsimplyas"

theboard"

）isthetermusedtomeanallofthedirectors.

DTheCompanySecretary

Thecompanysecretarymust,amongotherthings,attendallboardmeetings,consultwiththechiefexecutiveontheagendaandkeeparecordoftheminutesofboardmeetingsandgeneralmeetingsoftheshareholders.ItisnormallythecompanysecretarywhomakesreturnstotheCompaniesOfficeincludingnotifyingtheRegistrarofchangesinthecompany'

sboard,auditors,registeredofficeetc.Thecompanysecretaryisusuallyanindividualalthoughmanycompaniespayfirmsofaccountantstoundertakethisrole.

EShareCapitalandDividends

Ashareholderinalimitedcompanyobtainshisrewardforinvestingintheformofashareoftheprofitsmadebythecompany,knownasadividend.Thedirectorsdecidehowmuchoftheprofitsistoberetainedinthecompanyandusedforexpansion.Outoftheremainingprofitstheyproposethepaymentofacertainamountofdividend.Theshareholderscannotproposeadividendforthemselveshigherthanthatalreadyproposedbythedirectors.Theycan,however,proposethatalesserdividendshouldbepaid,althoughthisactionisveryrare.Ifthedirectorsproposethatnodividendshouldbepaid,thentheshareholdersarepowerlesstoalterthedecision.

Thedecisionbythedirectorsastotheamountproposedasdividendsisaverycomplexoneandsuchmattersastheeffectoftaxation,theavailabilityofbankbalancestopaythedividends,thepossibilityoftake-overbidsandsoonwillallbetakenintoconsideration.

Nomatterhowmanyindividualshaveboughtsharesinit,itistreatedinitsdealingswiththeoutsideworldasifitwasapersoninitsownright.

【正确答案】：

A

【本题分数】：

1.0分

【答案解析】

[精析]本题意为：

不管有多少人买卖股票，它都像个体一样，和外面世界交易。

在A文中能找到原句，故答案为A。

第2题

Theshareholderscannotproposeadividendforthemselveshigherthanthatalreadyproposedbythedirectors.

E

股东拿到的分红不会比董事们拿到的分红高。

在E文中能找到原句，故答案为E。

第3题

Theidentityoftheshareholdersinalargeconcernmaybechangingcon