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¡¡¡¡Part ¢ò

¡¡¡¡Reading Comprehension (35 minutes)

¡¡¡¡Directions:There are 4 reading passages in this part. Each passage is followed by some questions or unfinished statements. For each of them there are four choices marked A), B), C) and D). You should decide on the best choice and mark the corresponding letter on the Answer Sheet with a single line through the center.

¡¡¡¡Passage Oneª¤

¡¡¡¡Questions 21 to 25 are based on the following passage:ª¥

¡¡¡¡When Kathie Gifford's face was splashed across the newspapers in 1996 after her lucrative line of Walª²mart clothing was exposed as the work of underpaid laborers in New York City's Chinatown, the Department of Labor and the White House teamed up to condemn such practices. With much fanfare, President Clinton's administration launched the "No Sweat" campaign, which pressured retailers and manufacturers to submit to periodic independent inspection of their workplace conditions.\;

¡¡¡¡This campaign urged manufacturers to sign the Workplace Code of Conduct, a promise to selfª²regulate that has since been adopted by a handful of retailers and many of the nation's largest manufacturers, including Nike and L.L. Bean. However, the Department of Defense, which has a $ 1 billion garment business that would make it the country's 14th largest retail apparel outlet, has not signed the Code of Conduct. In addition, it has not agreed to demand that its contractors submit to periodic inspections.\;

¡¡¡¡Because the Department of Defense has not agreed to adhere to the code, the job of stopping publicª²sector sweatshops falls to the Department of Labor. Federal contractors that persist in violating wage laws or safety and health codes can lose their lucrative taxpayerª²financed contracts. But Suzanne Seiden, a deputy administrator at the Department of Labor, says that to her knowledge, the department has never applied that rule to government apparel manufacturers. "I just assume that they are adhering to safety and health requirements," she says. According to records obtained by Mother Jones, through a Freedom of Information Act request, the Occupational Safety and Health Administration has cited Lion 32 times for safety and health violations in the past 12 years.

¡¡¡¡21.What is this passgage mainly concerned with?

¡¡¡¡A)The functions of the Department of Labor in America.

¡¡¡¡B)A serious problem threatening American economy.

¡¡¡¡C)The successful attempt of regulating sweatshops in America.

¡¡¡¡D)The seriousness of the problem of sweatshops in America.ª¤

¡¡¡¡22.According to the passage, Kathie Gifford ____.

¡¡¡¡A) was one of the underpaid laborers in New York City's Chinatown

¡¡¡¡B) was one of the wellª²paid laborers in New York City's Chinatown

¡¡¡¡C) made much money from cheap laborers in New York City's Chinatown

¡¡¡¡D) wrote a newspaper article exposing the practice of employing cheap laborersª¤

¡¡¡¡23.The underlined phrase "to submit to" is closest in meaning to ____.

¡¡¡¡A) to accept unwillinglyª¤

¡¡¡¡B) to refuse coldly

¡¡¡¡C) to welcome warmª²heartedlyª¤

¡¡¡¡D) to blame stronglyª¤

¡¡¡¡24.Which of the following statements about the Department of Defense is true?

¡¡¡¡A) It will become the country's 14th largest retail apparel manufacturer.

¡¡¡¡B) It hasn't acted according to the Workplace Code of Conduct.

¡¡¡¡C) It has demanded its contractors to sign the Workplace Code of Conduct.

¡¡¡¡D) It has teamed up with the Department of Labor to launch a campaign.ª¤

¡¡¡¡25.What was the purpose of President Clinton's administration launching the "No Sweat" campaign?

¡¡¡¡A) To urge manufacturers to obey the Workplace Code of Conduct.

¡¡¡¡B) To remind the manufacturers of the Workplace Code of Conduct.

¡¡¡¡C) To urge the Department of Labor to take its responsibility.

¡¡¡¡D) To urge the Department of Defense to inspect manufacturers.ª¤

¡¡¡¡Passage Twoª¤

¡¡¡¡Questions 26 to 30 are based on the following passage:ª¥

¡¡¡¡The term investment portfolio conjures up visions of the truly rich-the Rockefellers, the Walª²Mart Waltons, Bill Gates. But today, everyone-from the Philadelphia firefighter, his partª²time receptionist wife and their three children, to the single Los Angeles lawyer starting out on his own-needs a portfolio.\;

¡¡¡¡A portfolio is simply a collection of financial assets. It may include real estate, rare stamps and coins, precious metals and even artworks. But those are for people with expertise. What most of us need to know about are stocks, bonds and cash (including such cash equivalents as moneyª²market funds).\;

¡¡¡¡How do you decide what part of your portfolio should go to each of the big three? Begin by understanding that stocks pay higher returns but are more risky; bonds and cash pay lower returns but are less risky.\;

¡¡¡¡Research by Ibbotson Associates, for example, shows that largeª²company stocks, on average, have returned 11.2 percent annually since 1926. Over the same period, by comparison, bonds have returned an annual average of 5.3 percent and cash, 3.8 percent.\;

¡¡¡¡But shortª²term risk is another matter. In 1974, a oneª²year $1000 investment in the stock market would have declined to $735.\;

¡¡¡¡With bonds, there are two kinds of risk: that the borrower won't pay you back and that the money you'll get won't be worth very much. The U.S. government stands behind treasury bonds, so the credit risk is almost nil. But the inflation risk remains. Say you buy a $1000 bond maturing in ten years. If inflation averages about seven percent over that time, then the $1000 you receive at maturity can only buy $500 worth of today's goods.\;

¡¡¡¡With cash, the inflation risk is lower, since over a long period you can keep rolling over your CDs every year (or more often). If inflation rises, interest rates rise to compensate.\;

¡¡¡¡As a result, the single most imortant rule in building a portfolio is this: If you don't need the money for a long time, then put it into stocks. If you need it soon, put it into bonds and cash.

¡¡¡¡26.This passage is intended to give advice on ____.

¡¡¡¡A) how to avoid inflation risksª¤

¡¡¡¡B) what kinds of bonds to buy

¡¡¡¡C) how to get rich by investing in stock marketª¤

¡¡¡¡D) how to become richer by spreading the riskª¤

¡¡¡¡27.The author mentions such millionaires as the Rockefellers and Bill Gates to show that ____.

¡¡¡¡A) they are examples for us on our road to wealth

¡¡¡¡B) a portfolio is essential to financial success

¡¡¡¡C) they are really rich people

¡¡¡¡D) they started out on their ownª¤

¡¡¡¡28.Which of the following statements will the author support?

¡¡¡¡A) Everybody can get rich with some financial assets.

¡¡¡¡B) The credit risk for treasury bonds is extremely high.

¡¡¡¡C) It's no use trying to know the advantages of stocks, bonds and cash.

¡¡¡¡D) Everybody should realize the importance of distribution of their financial assets.ª¤

¡¡¡¡29.The word "returns" in paragraph three can be best replaced by "____."ª¤

¡¡¡¡A) returning journeysª¤

¡¡¡¡B) profitsª¤

¡¡¡¡C) savingsª¤

¡¡¡¡D) investmentsª¤

¡¡¡¡30.The author of the passage points out that ____.

¡¡¡¡A) keeping cash is the only way to avoid risks

¡¡¡¡B) the longer you own a stock, the more you lost

¡¡¡¡C) the high rate of profit and high rate of risk coexist in stocks

¡¡¡¡D) the best way to accumulate wealth is by investing in stocksª¤

¡¡¡¡Passage Threeª¤

¡¡¡¡Questions 31 to 35 are based on the following passage:ª¥

¡¡¡¡There were two widely divergent influences on the early development of statistical methods. Statistics had a mother who was dedicated to keeping orderly records of governmental units (state and statistics come from the same Latin root, status) and a gentlemanly gambling father who relied on mathematics to increase his skill at playing the odds in games of chance. The influence of the mother on the offspring, statistics, is represented by counting, measuring, describing, tabulating, ordering, and the taking of censuses-all of which led to modern descriptive statistics. From the influence of the father came modern inferential statistics, which is based squarely on theories of probability.\;

¡¡¡¡Descriptive statistics involves tabulating, depicting, and describing collections of data. These data may be either quantitative, such as measures of height, intelligence, or grade level-variables that are characterized by an underlying continuum-or the data many represent qualitative variables, such as sex, college major, or personality type. Large masses of data must generally undergo a process of summarization or reducing to comprehensibly form the properties of an otherwise unwieldy mass of data.\;

¡¡¡¡Inferential statistics is a formalized body of methods for solving another class of problems that present great difficulties for the unaided human mind. This general class of problems characteristically involves attempts to make predictions using a sample of observations. For example, a school superintendent wishes to determine the proportion of children in a large school system who come to school without breakfast, have been vaccinated for flu, or whatever. Having a little knowledge of statistics, the superintendent would know that it is unnecessary and inefficiency to question each child; the proportion for the entire district could be estimated fairly accurately from a sample of as few as 100 children. Thus, the purpose of inferential statistics is to predict or estimate characteristics of a population from a knowledge of the characteristics of only a sample of the population.

¡¡¡¡31.What is the passage mainly concerned with?

¡¡¡¡A) Development and application of statistics.

¡¡¡¡B) Origin of descriptive statistics.

¡¡¡¡C) Limitations of inferential statistics.

¡¡¡¡D) Importance of statistics.ª¤

¡¡¡¡32.Describing and tabulating are associated with ____.

¡¡¡¡A) inferential statisticsª¤

¡¡¡¡B) descriptive statistics

¡¡¡¡C) theories of probabilityª¤

¡¡¡¡D) inefficiency of countingª¤

¡¡¡¡33.Which of the following statements is true about descriptive statistics?

¡¡¡¡A) It combines quantitative variables and qualitative variables.

¡¡¡¡B) It can be used to deal with only quantitative variables.

¡¡¡¡C) It helps to summarize properties of a group of data.

¡¡¡¡D) It helps to make predictions using a sample of observations.ª¤

¡¡¡¡34.The word "unwieldy" in the second paragraph is closest in meaning to ____.

¡¡¡¡A) difficult to collect ¡¡¡¡B) difficult to tackleª¤

¡¡¡¡C) incomprehensive¡¡¡¡D) uncontrollableª¤

¡¡¡¡35.A sample of a population is often examined for the following purposes except ____.

¡¡¡¡A) to make a more accurate prediction of trend

¡¡¡¡B) to improve efficiency and avoid unnecessary work

¡¡¡¡C) to save the trouble of approaching every members

¡¡¡¡D) to predict characteristics of the entire population

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