ORGANIZING A BUSINESS IN DIFFERENT WAYS Businesses are structured in different ways to

d the Nobel Prize in economics to three Americans, Eugene Fama, Lars Peter Hansen and Robert Shiller on Oct. 14, 2013. Eugene Fama and Lars Peter Hansen are both professors at the University of Chicago. Robert Shiller is a professor at Yale University. They will share the prize worth about 1.2 million dollars. “This year's prize in economic sciences is about predictions.” All three of this year's prize winners are mainly known for their research and explanations of pricing forces in financial markets. They have had a big influence on the way people look at and talk about financial markets. Eugene Fama's research on financial markets in the 1960s led market watchers to change their ideas about investing. His ideas are linked to the theory that markets are efficient, which means market actors taking all available information to create the correct price for things at any given time. This also means that over short periods of time, it is not possible to predict prices. Robert Shiller found, however, that over long periods, the opposite is true. It is possible to predict the movement of prices and that price changes are linked to human behavior. The findings of both economists have led to the growth of index funds, investing many different securities as a way to reduce risk. Mr Shiller also helped to create the Standard & Poor's Case-Shiller home prices index. That index follows home prices across the United States. Lars Peter Hansen developed a method for studying historical pricing information. His method supports Mr Shiller's findings and has influenced efforts to predict prices in the financial industry. The Nobel Prize in economics was not created by Alfred Nobel, but was established in his memory by Sweden's central bank in 1968.

1. The Royal Swedish Academy of Sciences awarded the Nobel Prize in electronics to three Americans on Oct. 14, 2013.()

2. Eugene Fama, Lars Peter Hansen and Robert Shiller won the prize for their research and explanations of pricing forces in financial markets.()

3. Eugene Fama's research on financial markets in the 1960s resulted in some change in how market watchers look at investing.()

4. The findings of both economists have led to the growth of price prediction, investing many different securities as a way to reduce risk.()

5. The Nobel Prize in economics was established in memory of Alfred Nobel by Sweden's central bank in 1968.()

r the first public sale of stock in the Chinese company Alibaba. The company sells goods________ linking buyers and sellers in the huge Chinese online market. Alibaba is expected to ________ its initial public offering, called an IPO, in September on the New York Stock Exchange. The total value of the company, based in Hangzhou, has been estimated at about $200 billion. Reports from Bloomberg News say Alibaba is offering investors a 12 percent ________ of the company. That would mean the company could raise ________ $20 billion dollars in the public stock sale. After the IPO, Alibaba could become one of the most ________ technology companies in the world. Apple, for example, has a market value of about $600 billion. Google is valued at about $390 billion and Microsoft is worth about $370 billion.

A OK, then please cover both War Risks and WPA for us. ;

B Well, that rate is acceptable. Thanks. ;

C But the extra premium is for buyer’s account.

AInsurance is necessary for our clients. ;

BI suggest a _Free of Particular Average Policy._ ;

CSure, but there is an extra premium for the buyer’s account.

A only if ;

B if only ;

C even if

AI think you should apply for it as soon as possible. ;

BThe shipment you ordered will arrive next week. ;

CThat sounds good, but I’d like to know how much time it will take.

A respectful ;

B respectable ;

C respectively

A I’m afraid we really couldn’t accept that. ;

B I suggest maybe should check it again. ;

C I’m sorry to say the shipment didn’t turn out to be satisfactory.

A what ;

B that ;

C which

A enclose ;

B encircle ;

C enrich