月度狗狗关于financial market investment allocation的考古[已确认]

rumo

GWD-18-Q35-Q37
To compete effectively in international markets, a nation’s businesses must sustain investment in intangible as well as physical assets.  Although an enormous pool of investment capital exists in the United States, the country’s capital investment practices put United States

companies at a competitive disadvantage.
     United States
capital investment practices, shaped by sporadic and unpredictable changes in tax policy and high federal budget deficits, encourage both underinvestment and overinvestment.  For example, United States companies invest at a low rate in internal development projects, such as improving supplier relations, that do not offer immediate profit, and systematically 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 investments.  Such linkages are important because physical assets, such as factories, may not reach their potential level of productivity unless companies make parallel investments in intangible 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 investment practices favor those forms of investment for which financial returns are most readily available. By making minimal investments in intangible assets, United States companies reduce their chances for future competitiveness.---------------------------------------------------------------------

23.GWD18-Q35:
The passage is primarily concerned with      
A.     evaluating strategies for improving United States competitiveness in international markets
B.     illustrating the possible uses of investmentcapital
C.     analyzing some failings of capitalinvestment practices in the United  States
D.    suggesting reasons for increasing linkagesamong different types of investments
E.     contrasting the benefits of investment inphysical assets with the benefits of investment in intangible assets
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24.GWD18-Q36:  
Accordingto the passage, which of the following characterizes the capital allocationstrategy of United States
companies?              
A.   They tend to underinvest in intangibleassets.
B.   They tend to invest heavily in productredesign.
C.   They tend to underinvest in physical assets.
D.   They make parallel investments in internaland external projects.
E.    They seek to allocate capital in ways thatreduce their tax burden.
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25.GWD18-Q37:
Which ofthe following best describes the purpose of the second paragraph?
             
A.   To propose a solution to the problemintroduced in the first paragraph
B.   To provide support for an argument presentedin the first paragraph
C.   To provide data to refute an assertion madein the first paragraph
D.   To discuss the sources of investment capitalmentioned in the first paragraph
E.    To discuss the competitiveness ofinternational markets alluded to in the first paragraph


确认了我就不隐藏了
答案：C A B


PS：另外给出狗狗，大家对比一下看看是不是，好像题目不是一样的但是内容大致相同：
关于美国financial market investment allocation的
第一段讲美国的capital allocation有好处，flexibility神马神马，但是与德国想比，投资者倾向于分散的短期的portfolio，导致stock market非常敏感，另外投资者只重视短期的盈利数据神马的，导致外部资本分配不均，没法更好流向更有潜力公司
第二段讲公司内部资本分配，由于外部投资者对于数据的重视，导致management也倾向于将资本投入可以quantify的东西，而忽略了longterm competitive investment例如intangible asset的投资========
第三页有同学确认了哦，说题目不一样的，但是文章大致意思一样，大家看一看了解结构

ctwang89

我觉得这篇最多是个背景资料吧，狗里面说的都是投行之类的stock投资，这个是说company的投资，不太一样

holyxie

感谢

cathyljh

LZ辛苦，谢谢。
这次我考好了，也来回报CD

lanery

感谢！

shenxi366

AAB？

h410055

THX

Sardaukar

C A B

gxccecilia

up

LAL

感谢