Common stock traded on stock exchanges represents（）
A. the voting rights the stockholders have.
B. the stock shared by common people.
C. the profits the shareholders receive.
D. the ownership of a public corporation.
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The main purpose of the third paragraph is to tell us（）
A. the rate of returns to the stockholders.
B. the risk of common stockholders.
C. the distribution of profits to the stockholders.
D. the benefits of common stock.
22（）
A. needs
B. necessities
C. targets
D. incentives
You will hear five different business people talking about corporations. For each extract there are two tasks. For Task One, choose the advantage of corporations described from the list A—H. For Task Two, choose the disadvantage of corporations from the list A—H. You will hear the recording twice. TASK ONEA. Continuous lifeB. Ease of attracting capitalC. Greater motivationD. Ease of transferring ownershipE. Large sizeF. Limited liabilityG. Tax advantagesH. Almost unlimited secrecy
11（）
A. that had borrowed dollars
B. that the dollar’s value should be more tightly controlled
C. because the declining dollar would buy fewer units of the foreign money
D. its value affects many nations
E. difficult for Americans to purchase foreign goods and services
F. that have a lot of U.S. dollars
G. all nations want to import less and export more
H. it is importing too much
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