阅读JJ 美国资产配置那篇 考过的cder麻烦确认一下

说是美国的资产配置有问题 - 太注重短期回报。所以在经济整体，有一些行业会过渡投资。在公司里面，research是cost，经常也被cut. (JJ主人760)

版本2
                    （JJ主人700）

另外一篇讲的是美国的企业的特点 ，这个恰好在专业课上接触过，所以没认真读，第一段是讲美国公司的外部治理，同时比较了一下德国公司，第二段讲的是内部治理。总之美国公司相比之下就是更注重短期利益而忽视长期利益，投资频繁...总之都是不大好的方面，有一个就是找出文章没有提到过的美德公司不同的地方

 找到一篇GWD的 不敢独享~

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 United States, the country’s

capital investment practices put United

States companies at a competitive

disadvantage.

 (10)            United States capital investment

practices, shaped by sporadic and

unpredictable changes in tax policy and

high federal budget deficits, encourage

both underinvestment and overinvest-

 (15)      ment.  For example, United States

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,

United States companies make too

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, United States

 (35)
                       investment practices favor those

forms of investment for which finan-

cial returns are most readily available.

By making minimal investments in

      intangible assets, United States com-

 (40)     panies reduce their chances for future

competitiveness.

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Q35:

The passage is primarily concerned with

A.      evaluating strategies for improving United States competitiveness in international markets

B.       illustrating the possible uses of investment capital

C.      analyzing some failings of capital investment practices in the United States

D.      suggesting reasons for increasing linkages among different types of investments

E.       contrasting the benefits of investment in physical assets with the benefits of investment in intangible assets

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Q36:      

According to the passage, which of the following characterizes the capital allocation strategy of United States companies?

1. They tend to underinvest in intangible assets.

2. They tend to invest heavily in product redesign.
3. They tend to underinvest in physical assets.
4. They make parallel investments in internal and external projects.
5. They seek to allocate capital in ways that reduce their tax burden.

 By making minimal investments in intangible assets, United States companies reduce their chances for future competitiveness.

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Q37:

Which of the following best describes the purpose of the second paragraph?

1. To propose a solution to the problem introduced in the first paragraph
2. To provide support for an argument presented in the first paragraph

3. To provide data to refute an assertion made in the first paragraph
4. To discuss the sources of investment capital mentioned in the first paragraph
5. To discuss the competitiveness of international markets alluded to in the first paragraph

对...现在的JJ里说 老版本是这么说的

我觉得有比没有强~嘿嘿