材料：At around 0545 hrs the Cutter PILOT-5 approac...

Please complete the text summary with appropirate words based on your understanding of the text: The annual Australian marathon is one of the toughest races in the world, a harsh test of __________ for the world’s top athletes. Cliff Young, a __________ 61-year-old famer with rubber boots, was to take part in the race. People first assumed Cliff was there to _________ the race. When they learned of his intention, the athletes around him reacted with ____________ and ___________. The press were _________, focused the cameras on Cliff and shouted questions at him. The marathon started and Cliff was _________________with the strangest running style. Everyone was _____________ the next morning when the news showed Cliff was still in the race. Cliff , though behind others, kept running just like gathering his sheep and trying to __________________. By the fifth night, he had overtaken all the other runners and ________the record by finishing the 875-kilometer race in 5 days, 15 hours and 4 minutes—9 hours faster than anyone before! Cliff Young became ______________________. He distributed his first prize to 5 other runners. Cliff came to ___________ again in 1997, at age 76, when he ran around Australia to raise money for homeless children. He kept running for the rest of his life and never ______________. It was not until the year 2000 when he had _____________ that he stopped running. To this day, Cliff Young remains a ____________ reminder and brilliant example of how ordinary ___________ can inherently achieve remarkable results.

The word "appraisal" ( Line5, Para. 2) most probably means ______.

A．involvement

B．appreciation

C．assessment

D．presentation

The word "appraisal" (Line 5, Para. 2) most probably means______.

A．involvement

B．appreciation

C．assessment

D．presentation

A language is a signaling system which operates with symbolic vocal sounds(语声), and which is used by a group of people for the purpose of communication.

Let's look at this【B1】in more detail because it is language, more than anything else,【B2】distinguishes man from the rest of the【B3】world.

Other animals, it is true, communicate with one another by【B4】of cries: for example, many birds utter【B5】calls at the approach of danger; monkeys utter【B6】cries, such as expressions of anger, fear and pleasure.【B7】these various means of communication differ in important ways【B8】human language. For instance, animals' cries do not【B9】thoughts and feelings clearly. This means, basically, that they lack structure. They lack the kind of structure that【B10】us to divide a human utterance into【B11】.

We can change an utterance by.【B12】one word in it with【B13】: a good illustration of this is a soldier who can say, e.g., "tanks approaching from the north",【B14】who can change one word and say "aircraft approaching from the north" or "tanks approaching from the west"; but a bird has a single alarm cry,【B15】means "danger!"

This is why the number of【B16】that an animal can make is very limited., the great tit(山雀) is a case【B17】point; it has about twenty different calls,【B18】in human language the number of possible utterances is【B19】. It also explains why animal cries are very【B20】in meaning.

【B1】

A．classification

B．definition

C．function

D．perception

The following draft appraisal of a proposed investment project has been prepared for the fi nance director of OKM Co by a trainee accountant. The project is consistent with the current business operations of OKM Co.

Net present value = 1,645,000 – 2,000,000 = ($355,000) so reject the project.

The following information was included with the draft investment appraisal:

1. The initial investment is $2 million

2. Selling price: $12/unit (current price terms), selling price infl ation is 5% per year

3. Variable cost: $7/unit (current price terms), variable cost infl ation is 4% per year

4. Fixed overhead costs: $500,000/year (current price terms), fi xed cost infl ation is 6% per year

5. $200,000/year of the fi xed costs are development costs that have already been incurred and are being recovered by an annual charge to the project

6. Investment fi nancing is by a $2 million loan at a fi xed interest rate of 10% per year

7. OKM Co can claim 25% reducing balance capital allowances on this investment and pays taxation one year in arrears at a rate of 30% per year

8. The scrap value of machinery at the end of the four-year project is $250,000

9. The real weighted average cost of capital of OKM Co is 7% per year

10. The general rate of infl ation is expected to be 4?7% per year

Required:

(a) Identify and comment on any errors in the investment appraisal prepared by the trainee accountant. (5 marks)

(b) Prepare a revised calculation of the net present value of the proposed investment project and comment on the project’s acceptability. (12 marks)

(c) Discuss the problems faced when undertaking investment appraisal in the following areas and comment on how these problems can be overcome:

(i) assets with replacement cycles of different lengths;

(ii) an investment project has several internal rates of return;

(iii) the business risk of an investment project is signifi cantly different from the business risk of current operations. (8 marks)

The word “appraisal” (Line 5, Para. 2) most probably means “________”.

A) involvement

B) appreciation

C) assessment

D) presentation

Are passwords outdated? Its starting to seem like it. Everybody hates them, and nobody can remember all the ones theyve【C1】______. These days a typical internet user has dozens of online accounts. If you really want to be safe, you need to have a different password for each one, and each password needs to be incredibly【C2】______, with a mix of capital letters,【C3】______, and numbers. Who can keep all that stuff in their head? Most people dont【C4】______. Some just make up one password and use it everywhere while others might have a few passwords for different usages. Problem is that【C5】______one site gets attacked by hackers, they now have the password that you use elsewhere. In one recent attack on Sony, millions of accounts were exposed. Computer scientists realize the system is【C6】______and theyre looking for alternatives. But most【C7】______havent been very good. Fingerprint readers require special hardware, and smart cards can be lost or【C8】______. "Weve tried【C9】______other approaches, but we end up back with passwords. Theyre the least【C10】______in a series of bad options," says a security consultant. Markus Jakobsson, a veteran security researcher with a Ph.D. in computer science, has come up with something he calls "fastwords." Instead of【C11】______a meaningless and obscure password, you join three simple words that come from a【C12】______known only to you. If one day you were driving to work and【C13】______a frog that ended up flat, you might choose "frog work flat." Some【C14】______: You can enter the three words【C15】______any order ("flat frog work"), and the system【C16】______knows that youre you. If you totally【C17】______, the fastword system will tell you one of the three words, which should enable you to remember the【C18】______idea and thus the three keywords. Jakobsson says one large service provider is evaluating the fast-words concept. Fastwords【C19】______a step in the right direction, 【C20】______its not the promised land. Someone, somehow, needs to come up with something completely different— and radically better—than what we have today.

【C1】

A．tested

B．created

C．told

D．measured

Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.

A company has equipment with an original cost of $850,000, accumulated amortization of $300,000 and 5 years of estimated remaining useful life. Due to a change in market conditions the company now estimates that the equipment will only generate cash flows of $80,000 per year over its remaining useful life. The company’s incremental borrowing rate is 8 percent. Which of the following statements concerning impairment and future return on assets (ROA) is most accurate? The asset is:

A. impaired and future ROA increases.

B. impaired and future ROA decreases.

C. not impaired and future ROA increases.

Assume U.S.GAAP (generally accepted accounting principles) applies unless otherwise noted.

A company has equipment with an original cost of $850,000, accumulated amortization of $300,000 and 5 years of estimated remaining useful life.Due to a change in market conditions the company now estimates that the equipment will only generate cash flows of $80,000 per year over its remaining useful life.The company’s incremental borrowing rate is 8 percent.Which of the following statements concerning impairment and future return on assets (ROA) is most accurate? The asset is:

A.impaired and future ROA increases.

B.impaired and future ROA decreases.

C.not impaired and future ROA increases.