In the Constant-Growth Dividend Discount Model, the stream of earnings, dividends and stock prices all grow at exactly the same constant growth rate.

A recent phenomenon in the choice of careers on the part of the college graduates is the increasing trend towards big companies.Few are interested in research fields. This is an unavoidable problem in a materialistic society, where tempting salaries and fringe benefits are offered by big companies to compete with each other to recruit students before they have completed their studies.On the other hand, as many big enterprises and even government departments tend to concentrate on immediate economic results and show comparatively little interest in long range research, there is a steady shift of scientists and researchers from the pure research to the applied field, where there are more jobs available with better salaries.All this has not only seriously influenced young peoples view on the choice of careers, but on education as well.Many college teachers deplore that fewer and fewer students these days acquire knowledge.

The description of goods in the commercial invoice must correspond with the description in the crediThe description of goods in the commercial invoice must correspond with the description in the credit. In all other documents, the goods may be described in general terms not inconsistent with the description of goods in the credit. This rule reflects the international standard banking practices that ascribe different transactional functions to the invoice and to other documents. （） False

What is the main subject of the conversation?

A．The importance of pure water

B．Factors that affect the color of water

C．How the human eye perceives color

D．The colors of the light spectrum

In the company in which I work, each of us is afraid of at least one person. The lower your 【B1】 is, the more people you are afraid of. 【B2】 all the people are afraid of the twelve men at the top who helped 【B3】 and build the company, now own and 【B4】 it.

All these twelve men are 【B5】 now and drained (耗尽) by time and success of energy and ambition. Many have 【B6】 their whole lives here. They seem friendly, slow and 【B7】 when I come upon them in the halls and always courteous (谦恭的) when they 【B8】 with others in the public lifts. They 【B9】 work hard. They hold meetings, make promotions (推销活动), and allow their 【B10】 to be used on announcements that are prepared and issued (发布) by somebody else. Nobody is sure 【B11】 really runs the company, but the company does run.

In the 【B12】 course of a business day I am afraid of Jack Green because my department is part of his department and Jack Green is my 【B13】 ; Green is afraid of me because most of the work in my department is done for the Sales Department, which is more 【B14】 than his department.

Green distrusts me sometimes. He makes 【B15】 clear to me every now and then that he wishes to see everything 【B16】 out of my department before it's shown to other departments. I know he doesn't really mean this. He is 【B17】 busy with his own work to pay that much attention to all of mine, and I'll bypass (避开) him on most of our assignments (任务) rather than 【B18】 his time and delay their 【B19】 to people who have an immediate 【B20】 for them.

【B1】

A．position

B．pay

C．salary

D．office