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28 Feb 2022, 21:00
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Question 1
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
25% (02:43) correct
75%
(02:39) wrong
based on 245
sessions
History
Date
Time
Result
Not Attempted Yet
Question 2
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
78% (00:38) correct 22%
(00:41) wrong
based on 236
sessions
History
Date
Time
Result
Not Attempted Yet
Question 3
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
79% (01:00) correct 21%
(01:06) wrong
based on 233
sessions
History
Date
Time
Result
Not Attempted Yet
Question 4
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
28% (01:18) correct 72%
(01:13) wrong
based on 238
sessions
History
Date
Time
Result
Not Attempted Yet
Question 5
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
38% (01:20) correct 62%
(01:11) wrong
based on 224
sessions
History
Date
Time
Result
Not Attempted Yet
China as a nation faces two major financial problems. First, eighty-four percent of state-owned enterprises do not generate profit. Government failed to collect money from such business. Rather, it has to appropriate substantial funds to these enterprises in order to prevent them from going bankrupt and thus resulting in high unemployment rate. Second, 203 million of civilians in countryside will not be able to gain pension after they retire due to the limited budget of government.
I would like to make an outrageous suggestion that would at one stroke generate finance earnings and provide funds for civilians’ retirement. I would propose that government sells its holdings in state-owned enterprises on the open market. Such sales would provide substantial funds for village civilian’s pension. At the same, they could cut down financial burden on these state-owned enterprises.
You might object that government would be deprived of the opportunity to share its enterprise’s profit if someday they make money. I agree. Sell holdings of enterprises that would never generate profit. But, you might reply, every enterprise that competes on the market has potential. Here we part company. Theoretically, you may be correct in claiming that every enterprise has the potential to make money. Practically, you are wrong.
I refer to the thousands of state-owned enterprises that are not likely to make money. These companies are 100 percent held by the nation as a whole. Government officials are appointed as the chairman, CEO and president. The management was not responsible for the public interest, but for the nation as a whole. If there is no significant loss in business, they will soon be promoted back to the higher level position in government. If their companies perform great, these executives receive direct money compensation. However, their salary, when combined with such compensation, will be far below that of their counterpart in private company.
It would be unrealistic to suggest that village civilians would have sufficient funds if government’s shares were sold on the open market. But the demand for compensating the state-own enterprises would be substantially reduced.
I would like to make an outrageous suggestion that would at one stroke generate finance earnings and provide funds for civilians’ retirement. I would propose that government sells its holdings in state-owned enterprises on the open market. Such sales would provide substantial funds for village civilian’s pension. At the same, they could cut down financial burden on these state-owned enterprises.
You might object that government would be deprived of the opportunity to share its enterprise’s profit if someday they make money. I agree. Sell holdings of enterprises that would never generate profit. But, you might reply, every enterprise that competes on the market has potential. Here we part company. Theoretically, you may be correct in claiming that every enterprise has the potential to make money. Practically, you are wrong.
I refer to the thousands of state-owned enterprises that are not likely to make money. These companies are 100 percent held by the nation as a whole. Government officials are appointed as the chairman, CEO and president. The management was not responsible for the public interest, but for the nation as a whole. If there is no significant loss in business, they will soon be promoted back to the higher level position in government. If their companies perform great, these executives receive direct money compensation. However, their salary, when combined with such compensation, will be far below that of their counterpart in private company.
It would be unrealistic to suggest that village civilians would have sufficient funds if government’s shares were sold on the open market. But the demand for compensating the state-own enterprises would be substantially reduced.
1. According to the passage, executives in a state-owned enterprise are motivated by
(A) direct money compensation
(B) increasing salary
(C) political outlook
(D) share option
(E) social responsibility
(A) direct money compensation
(B) increasing salary
(C) political outlook
(D) share option
(E) social responsibility
2. The primary purpose of the passage is to propose
(A) an alternative to manage government property
(B) a way to relieve government burden while providing funds to village civilians
(C) a way to distinguish state-owned enterprises that make money from those that do no make money
(D) the governmental approach to evaluate state-owned enterprise’ executives
(E) a new system for national pension system
(A) an alternative to manage government property
(B) a way to relieve government burden while providing funds to village civilians
(C) a way to distinguish state-owned enterprises that make money from those that do no make money
(D) the governmental approach to evaluate state-owned enterprise’ executives
(E) a new system for national pension system
3. The author implies that all of the following statements about enterprises with which government holds 100 percent share are true EXCEPT:
(A) A market for government’s share already exists.
(B) Such enterprises seldom generate profit.
(C) There is likely to be a continuing loss of such enterprises.
(D) Government officers are appointed as the executives with such enterprises.
(E) If the executives perform poorly, they will be demoted to lower position.
(A) A market for government’s share already exists.
(B) Such enterprises seldom generate profit.
(C) There is likely to be a continuing loss of such enterprises.
(D) Government officers are appointed as the executives with such enterprises.
(E) If the executives perform poorly, they will be demoted to lower position.
4. The author implies that which of the following would occur if government’s shares were sold on the open market?
I. The shortage of retirement fund in village would eventually cease completely.
II. Current executives in state-owned enterprises are not motivated to perform better
III. Civilians in countryside would be able to seek sufficient funds from government.
(A) I only
(B) II only
(C) I and II only
(D) II and III only
(E) I, II, and III
I. The shortage of retirement fund in village would eventually cease completely.
II. Current executives in state-owned enterprises are not motivated to perform better
III. Civilians in countryside would be able to seek sufficient funds from government.
(A) I only
(B) II only
(C) I and II only
(D) II and III only
(E) I, II, and III
5. The author anticipates which of the following initial objections to the adoption of his proposal?
(A) Government will not be able to sell its holdings with state-owned enterprise.
(B) The ability of government’s to control the national economy will be weakened if state-owned enterprises are sold to private owners.
(C) It is impossible to find enterprises that will never generate profit.
(D) The poor performance of state-owned enterprises will continue.
(E) The countryside civilians are sill unable to seek financial support from government.
(A) Government will not be able to sell its holdings with state-owned enterprise.
(B) The ability of government’s to control the national economy will be weakened if state-owned enterprises are sold to private owners.
(C) It is impossible to find enterprises that will never generate profit.
(D) The poor performance of state-owned enterprises will continue.
(E) The countryside civilians are sill unable to seek financial support from government.
02 Apr 2022, 05:38
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Official Explanation
5. The author anticipates which of the following initial objections to the adoption of his proposal?
Difficulty Level: Hard
Explanation
In the third paragraph, the author illustrates a possible objection to his proposal. The opposite views are “government would be deprived of the opportunity to share its enterprise’s profit if someday they make money” and “every enterprise that competes on the market has potential”. Choice C presents one of them, and is the correct answer.
Answer: C
Difficulty Level: Hard
Explanation
In the third paragraph, the author illustrates a possible objection to his proposal. The opposite views are “government would be deprived of the opportunity to share its enterprise’s profit if someday they make money” and “every enterprise that competes on the market has potential”. Choice C presents one of them, and is the correct answer.
Answer: C
05 Apr 2022, 23:05
Kudos
Bookmarks
1. According to the passage, executives in a state-owned enterprise are motivated by
(A) direct money compensation
(B) increasing salary
(C) political outlook
If there is no significant loss in business, they will soon be promoted back to the higher level position in government
2. The primary purpose of the passage is to propose
(A) an alternative to manage government property
(B) a way to relieve government burden while providing funds to village civilians
I would propose that government sells its holdings in state-owned enterprises on the open market. Such sales would provide substantial funds for village civilian’s pension. At the same, they could cut down financial burden on these state-owned enterprises.
(C) a way to distinguish state-owned enterprises that make money from those that do no make money
(D) the governmental approach to evaluate state-owned enterprise’ executives
(E) a new system for national pension system
(D) share option
(E) social responsibility
3. The author implies that all of the following statements about enterprises with which government holds 100 percent share are true EXCEPT:
(A) A market for government’s share already exists.
(B) Such enterprises seldom generate profit.
(C) There is likely to be a continuing loss of such enterprises.
(D) Government officers are appointed as the executives with such enterprises.
(E) If the executives perform poorly, they will be demoted to lower position.
If there is no significant loss in business, they will soon be promoted back to the higher level position in government. If their companies perform great, these executives receive direct money compensation.
(A) direct money compensation
(B) increasing salary
(C) political outlook
If there is no significant loss in business, they will soon be promoted back to the higher level position in government
2. The primary purpose of the passage is to propose
(A) an alternative to manage government property
(B) a way to relieve government burden while providing funds to village civilians
I would propose that government sells its holdings in state-owned enterprises on the open market. Such sales would provide substantial funds for village civilian’s pension. At the same, they could cut down financial burden on these state-owned enterprises.
(C) a way to distinguish state-owned enterprises that make money from those that do no make money
(D) the governmental approach to evaluate state-owned enterprise’ executives
(E) a new system for national pension system
(D) share option
(E) social responsibility
3. The author implies that all of the following statements about enterprises with which government holds 100 percent share are true EXCEPT:
(A) A market for government’s share already exists.
(B) Such enterprises seldom generate profit.
(C) There is likely to be a continuing loss of such enterprises.
(D) Government officers are appointed as the executives with such enterprises.
(E) If the executives perform poorly, they will be demoted to lower position.
If there is no significant loss in business, they will soon be promoted back to the higher level position in government. If their companies perform great, these executives receive direct money compensation.
