练习:

　　1、Exxon and Mobil merged in order to ( )

　　A、enter new overseas markets.

　　B、reduce costs and improve margins.

　　C、create the world's largest company.

　　D、undercut competitors' prices.

　　2、Vodafone was able to accquire Air Touch by ( )

　　A、selling highly-valued shares to customers.

　　B、obtaining a loan based on its share value.

　　C、exchanging shares as part of the deal.

　　D、buying under-valued Air Touch shares.

　　3、Merged companies can usually increase short-term profits by ( )

　　A、cutting their combined labour costs.

　　B、boosting the company's productivity.

　　C、using a single marketing campaign.

　　D、selling their shares at a high price.

　　答案:

　　1、B

　　答案信息在第一段最后一句"sought to achieve economies of scale"。规模效益是指随着经营规模的扩大，单位成本下降从而获得经济效益。

　　2、C

　　答案信息位于第三段中“cash and stock swap”。该方法意味着AirTouch公司的股东除了能拿现金之外，还能拿到沃达丰公司的股票。

　　3、A

　　答案信息在最后一段“ reduce their payroll by restructuring duplicated functions such as marketing and administration”在职能重叠的市场和行政部门进行裁员

　　练习:

　　1、There are rumors of a merger involving several major railroad companies.

　　2、Emotions can drive market behavior in a few short-lived situations. But fundamentals still rule.

　　3、After a four-consecutive-week rise, the weekly average oil price of the Organization of Petroleum Exporting Countries (OPEC) dropped to 90.83 U.S. dollars per barrel last week.

　　答案:

　　1、有传言几家主要铁道公司将进行合并。

　　2、在短期情况下情绪会引发市场行为，但基本面仍然发挥根本作用。

　　3、经过连续四周的上涨，石油出口国组织(欧佩克)上周石油均价下降至90.83美元每桶。

　　1、We may disclose all of the information that we collect, which relates to our transactions or experiences with you among our affiliated companies.

　　2、Of course, IBM will continue to play a significant role in creating innovations for individuals -- and not only through the broad PC alliance we are announcing today.

　　3、Terrorist attacks on senior officials were threatening to destabilize the government.

　　翻译:

　　1、与我分公司的商务活动所有相关的交易细节和经验，但凡能够搜集到的信息都会全部反馈于贵公司。

　　2、当然IBM为个人用户进行创新，并将继续扮演重要的角色，今天宣告的广泛PC联盟不会是唯一平台。

　　3、对高级官员的恐怖袭击威胁到政府的安全与稳定。