www.mbajyz.com 400-618-2500 the banking system,but it certainly rattled some windows.
In the late 1970s,Continental soared to a leadership position among Midwestern banks.Parts of its growth strategy were risky,however.It made many loans in the energy field,including billion that it took over from Penn Square Band of Oklahoma City.To obtain the funds it needed to make these loans,Continental relied heavily on shortterm borrowing from other banks and large,30day certificates of deposit-\money\banking jargon.At least one Continental officer saw danger signs and wrote a warning memo to her superiors,but the memo went unheeded .Although the Comptroller of the Currency inspected Continental on a regular basis,it failed to see low serious its problems were going to be.
Penn Square Bank was closed by regulators in July 1982.When energy prices began to slip,most of the billion in loans that Continental had taken over from the smaller banks turned out to be had.Other loans to troubled companies such Chrysler,lnternational Harvester,and Braniff looked questionable.Seeing these problem，\Continental.
By the spring of 1984,a run on Continental had begun.In May,the bank had to borrow .5 billion from the Fed to replace overnight funds it bad lost.But this was not enough.To try to stem the outflow of deposits from Continemtal,the FDIC agreed to guarantee not just the first ,000 of each depositors money but all of it.Nevertheless,the run continued.http://www.mbajyz.cn
Federal regulators tried hard to find a sound bank that could take over Continental-a common way of rescuing failing banks.But Continental was just too big for anyone to buy.By July,all hope of a private sector rescue was dashed.Regulators faced a stark choice:Let Continental collapse,or take it over themselves.
Letting the bank fail seemed too risky.It was estimated that more than 100 other banks had placed enough funds in Continental to put them at risk if Continental failed.Thus,on a rainy Thursday at the end of July,the FDIC in effect nationalized Continental Illinois at a cost of .5 billion.This kept the banks doors open and prevented a chain reaction.However,in all but a technical sense,Continental had become the biggest bank failure in U.S.history.
31.In the spring of 1984,Continental experienced------.
Aa fast growth period. Ba stability period
Ca run. Dan oil price decrease.
32.By July,all hope of a private sector rescue was------.
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33.The nationalizatin of Continental------.
Calmost brought down the banking system
Dfired many highranking officers.
34.Banking panics may be prevented by means of------.
Adeposit insurance.Bgrowth strategy
Clongterm borrowing.Dwarning memo.
Questions 35 to 38 are based on the following passage:
If sustainable competitive advantage depends on workforce skills,American firms have a problem.Humanresource management is not traditionally seen as central to the competitive survival of the firm in the United States.Skill acquisition is considered as an individual responsibility.Labor is simply another factor of production to be hired-rented at the lowest possible cost-much as one buys raw materials or equipment.http://www.mbajyz.cn
The lack of importance attached to humanresource management can be seen in the corporation hierarchy.In an American firm the chief financial officer is almost always second in command.The post of head of humanresource managements is usually a specialized job,off at the edge of the corporate hierarchy.The executive who holds it is never consulted on major strategic decisions and has no chance to move up to Chief Executive Officer(CEO).By way of contrast,in Japan the head of humanresource management is central-usually the second most important executive,after the CEO,in the firms hierarchy.
While American firms often talk about the vast amounts spent on training their work forces,in fact they invest less in the skill of their employees than do the Japanese or German firms.The money they do invest is also more highly concentrated on professional and managerial employees.And the limited investments that are made in training workers are also much more narrowly focused on the specific skills necessary to do the next job rather than on the basic background skills that make it possible to absorb new technologies.
As a result,problems emerge when new breakthrough technologies arrive.If American workers,for example,take much longer to learn how to operate new flexible manufacturing stations than workers in Germany(as they do),the effective cost of those stations is lower in Germany than it is in the United Stated.More time is required before equipment is up and running at capacity,and
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www.mbajyz.com 400-618-2500 the need for extensive retraining generates costs and creates bottlenecks that limit the speed with which new equipment can be employed.The result is a slower pace of technological change.And in the end the skills of the bottom half of the population affect the wages of the top half.If the bottom half cant effectively staff the processes that have to be operated,the management and professional jobs that go with these processes will disappear.
35.Which of the following applies to the management of human resources in American companies?
A.They hire people at the lowest cost regardless of their skills.
B.They see the gaining of skills as their employees own business.
C.They attach more importance to workers than to equipment..
D.They only hire skilled workers because of keen competition.
36.What is the position of the head of human resource management in an American firm?
A.He is one of the most important executives in the firm..
B.His post is likely to disappear when new technologies are introduced.
C.He is directly under the chief financial executive.
D.He has no authority in making important decisions in the firm..
37.The money most American firms spend in training mainly goes to----.
Aworkers who can operate new equipmenthttp://www.mbajyz.cn
Btechnological and managerial staff
Cworkers who lack basic background skills
38.What is the main idea of the passage?
A.American firms are different from Japanese and German firms in human resource management.
B.Extensive retraining is indispensable to effective humanresource man agement.
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C.The head of humanresource management must be in the central position in a firms hierarchy..
D.The humanresource management strategies of American firms affect their competitive capacity...
Questions 39 to 42 are based on the following passage:
Internet is a vast network of computers that connects many of the worlds businesses,institutions,and individuals.The internet,which means interconnected network of networks,links tens of thousands of smaller computer networks.These networks transmit huge amounts of information in the form of words,images,and sounds.
The Internet was information on virtually every topic.Network users can search through sources ranging from vast databases to small electronic\boards ,%users form discussion groups around common interests.Much of the Internets traffic consists of messages sent from one computer user to another.These messages are called electronic mail or email.Internet users have electronic addresses that allow them to send and receive email.Other uses of the network include obtaining news,joining electronic debates,and playing electronic games.One feature of the Internet,known as the World Wide Web,provides graphics,audio,and video to enhance the information in its documents.These documents cover a vast number of topics.http://www.mbajyz.cn
People usually access the Internet with a device called a modem.Modems connect computers to the network through telephone lines.Much of the Internet operates through worldwide telephone networks of fiberoptic cables.These cables contain hairthin strands of glass that carry data as pulses of light.They can transmit thousands of times more data than local phone lines,most of which consist of copper wires.
The history of the Internet began in the 1960s.At that time,the Advanced Research Projects Agency (ARPA)of the United States Department of Defense developed a network of computers called ARPAnet.Originally,ARPAnet connected only military a nd government computer systems.Its purpose was to make these systems secure in the event of a disaster or was.Soon after the creation of ARPAnet,universities and other institutions developed their own computer networks.These networks eventually were merged with ARPAnet to form the Internet.By the 1990s,anyone with a computer,modem,and Internet software could link up to the Internet.
In the future,the Internet will probably grow more sophisticated as computer technology becomes more powerful.Many experts believe the Internet may become part of a larger network called the information superhighway.This network,still under development,would link computers with telephone companies,cable television stations,and other communication systems.People could bank,shop,watch TV,and perform many other activities through the network.
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39.This passage is about the------of the Internet.
40.Which of the following statements about the Internet is true?
A.ARPA was the first net used by American universities and institutions.
B.The history of the Internet can be traced back to fifty years ago.
C.The purpose of the Internet is to protect the world in the event of war.
D.ARPAnet formed the foundation of the Internet nowadays...
41.The Internet enables people to do all the following things EXCEPT----.
Asending email.Bobtaining news
Cexchanging modem.Dinternet related chat(IRC).
42.According to the last paragraph,in the future------.
A.in may be hard to predict the development of the Internet.
B.the Internet will become an indispensable superhighway.
C.the Internet will be applied more.
D.the Internet will combine cable stations.
Questions 43 to 46 are based on the following passage:
Sex prejudices are based on and justified by the ideology that biology is destiny.According to this ideology,basic biological and psychological differences exist between the sexes.These differences require each sex to play a separate role in social life.Women are the weaker sexboth physically and emotionally.Thus,they are naturally suited,much more so than men,to the performance of domestic duties .A womans place,under normal circumstances,is within the protective environment of the home.Nature has determined that women play caretaker roles,such as wife and mother and homemaker.On the other hand,men are best suited to go outsintosthe competitive world of work and politics,where serious responsibilities must be taken on.Men are to be the providers;women and children are\
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