Q35 to Q37:
To compete effectively in interna-
tional markets, a nation’s businesses
must sustain investment in intangible as
Line well as physical assets. Although an
(5) enormous pool of investment capital
exists in the
capital investment practices put United
States companies at a competitive
disadvantage.
(10)
practices, shaped by sporadic and
unpredictable changes in tax policy and
high federal budget deficits, encourage
both underinvestment and overinvest-
(15) ment. For example,
companies invest at a low rate in inter-
nal development projects, such as
improving supplier relations, that do not
offer immediate profit, and systemati-
(20) cally invest at a high rate in external
projects, such as corporate takeovers,
that yield immediate profit. Also,
few linkages among different forms of
(25) investments. Such linkages are impor-
tant because physical assets, such as
factories, may not reach their potential
level of productivity unless companies
make parallel investments in intangible
(30) assets such as employee training and
product redesign. In general, unlike
Japanese and German investment
practices, which focus on companies’
long-term interests,
(35) investment practices favor those
forms of investment for which finan-
cial returns are most readily available.
By making minimal investments in
intangible assets,
(40) panies reduce their chances for future
competitiveness.
Q36:
According to the passage, which of the following characterizes the capital allocation strategy of
答案是A,可是我觉得是D。
请大家看一看。
line38 By making minimal investments in
intangible assets,
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