SC (смешной)
Federal authorities involved in the investigation have found
the local witnesses are difficult to locate, reticent, and are suspicious of strangers.
(A) the local witnesses are difficult to locate, reticent, and are
(B) local witnesses to be difficult to locate, reticent, and are
© that local witnesses are difficult to locate, reticent, and
(D) local witnesses are difficult to locate and reticent, and they are
(E) that local witnesses are difficult to locate and reticent, and they are
...нету
а почему нету, ни один что ли
признака такого нету, все верно решено, Kasatka, не грусти
!
Всем, особенно Kasatka
Most large corporations in the United States
were once run by individual capitalists who owned
enough stock to dominate the board of directors and
dictate company policy. Because putting such large
(5) amounts of stock on the market would only depress
its value, they could not sell out for a quick profit and
instead had to concentrate on improving the long-
term productivity of their companies. Today, with
few exceptions, the stock of large United States
(10) corporations is held by large institutions—pension
funds, for example—and because these institutions
are prohibited by antitrust laws from owning a
majority of a company’s stock and from actively
influencing a company’s decision-making, they can
(15) enhance their wealth only by buying and selling stock
in anticipation of fluctuations in its value. A
minority shareholder is necessarily a short-term
trader. As a result, United States productivity is
unlikely to improve unless shareholders and the
(20) managers of the companies in which they invest are
encouraged to enhance long-term productivity (and
hence long-term profitability), rather than simply to
maximize short-term profits.
Since the return of the old-style capitalist is
(25) unlikely, today’s short-term traders must be remade
into tomorrow’s long-term capitalistic investors. The
legal limits that now prevent financial institutions
from acquiring a dominant shareholding position in a
corporation should be removed, and such institutions
(30) encouraged to take a more active role in the
operations of the companies in which they invest. In
addition, any institution that holds twenty percent or
more of a company’s stock should be forced to give
the public one day’s notice of the intent to sell those
(35) shares. Unless the announced sale could be
explained to the public on grounds other than
anticipated future losses, the value of the stock would
plummet and, like the old-time capitalists, major
investors could cut their losses only by helping to
(40) restore their companies’ productivity. Such measures
would force financial institutions to become
capitalists whose success depends not on trading
shares at the propitious moment, but on increasing
the productivity of the companies in which they
invest.
16. In the passage, the author is primarily concerned with doing which of the following?
(A) Comparing two different approaches to a problem
(B) Describing a problem and proposing a solution
(С) Defending an established method
(D) Presenting data and drawing conclusions from the data
(E) Comparing two different analyses of a current situation
17. It can be inferred from the passage that which of the following is true of majority shareholders in a corporation?
(A) They make the corporation's operational management decisions.
(B) They are not allowed to own more than fifty percent of the corporation's stock.
© They cannot make quick profits by selling off large amounts of their stock in the corporation.
(D) They are more interested in profits than in productivity.
(E) They cannot sell any of their stock in the corporation without giving the public advance notice.
18. The passage supports which of the following statements?
(A) Antitrust laws prevent any single shareholder from acquiring a majority of the stock in a corporation.
(B) Institutions that intend to sell a large block of stock in a single corporation must give at least twenty-four hours notice of the sale.
(С) In most corporations it is the board of directors rather than the corporate managers who make policy decisions.
(D) The sudden sale of a large amount of stock in any one corporation makes the value of the stock go down.
(E) The way corporations are currently run, it is unlikely that increased productivity would lead to short-term increases in stock values.
19. According to the passage, the purpose of the requirement suggested in lines 31-34 would be which of the following?
(A) To encourage institutional stockholders to sell stock that they believe will decrease in value
(B) To discourage institutional stockholders from intervening in the operation of a company whose stock they own
(С) To discourage short-term profit-taking by institutional stockholders
(D) To encourage a company's employees to take an active role in the ownership of stock in the company
(E) To encourage investors to diversify their stock holdings
20. The author suggests that which of the following is a true statement about people who typify the “old-style capitalist” referred to in line 24?
(A) They now rely on outdated management techniques.
(B) They seldom engaged in short-term trading of the stock they owned.
(С) They did not influence the investment policies of the corporation in which they invested.
(D) They now play a very small role in the stock market as a result of antitrust legislation.
(E) They were primarily concerned with maximizing the short-term profitability of the corporations in which they owned stock.
21. It can be inferred that the author makes which of the following assumptions about the business once controlled by individual capitalists?
(A) These businesses were less profitable than are businesses today.
(B) Improving long-term productivity led to increased profits.
(С) Each business had only a few stockholders.
(D) There was no short-term trading in the stock of these businesses.
(E) Institutions owned no stock in these companies.
22. The author suggests that the role of large institutions as stockholders differs from that of the “old-style capitalist” in part because large institutions
(A) invest in the stock of so many companies that they cannot focus attention on the affairs of any single corporation
(B) are prohibited by law from owning a majority of a corporation’s stock
(С) are influenced by brokers who advise against long-term ownership of stocks
(D) are able to put large amounts of stock on the market without depressing the stock’s value
(E) are attracted to the stocks of corporations that demonstrate long-term gains in productivity
23. The primary function of the second paragraph of the passage is to
(A) identify problems
(B) warn of consequences
(С) explain effects
(D) evaluate solutions
(E) recommend actions