剑桥商务英语测验高等浏览懂得摹拟操练

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剑桥商务英语测验高等浏览懂得摹拟操练

　　读过一本好书，像交了一个良朋。以下是小编为大师搜刮清算的剑桥商务英语测验高等浏览懂得摹拟操练，但愿对正在存眷的您有所赞助!更多出色内容请实时存眷咱们应届毕业生测验网!

剑桥商务英语测验高等浏览懂得摹拟操练

　　1 A cautious approach can be used when calculating what a company is worth.

　　2 Consider personnel issues so that you have sufficient resources to fulfill your objectives.

　　3 In order to know if you can make a return on your investment, assess how you can add to thecompany you are buying.

　　4 Providing sufficient support for staff during the acquisition process can have a favourable outcome.

　　5 Take into account your long-term requirements to ensure you have the resources you need.

　　6 Even after investing some effort in the acquisition, it may still be necessary to withdraw.

　　7 Terms initially negotiated can be changed after the acquisition.

　　Mergers and Acquisitions

　　As Finance Director of plastics manufacturer VKT, Yvonne Maynart has overseen many successful takeovers

　　It is essential to build up a team to handle the acquisition so that your existing business can continue uninterrupted during the deal. It also helps to operate with spare capacity so that you can transfer people during the initial stages. A key person should be driving the acquisition process forward, although one person alone cannot assume responsibility for a large deal. It is clearly vital to do thorough research when identifying potential targets - but do not be afraid to walk away from a deal if you become aware of serious difficulties with a company you are targeting.

　　To decide on the value of any target business, you must first determine what contribution your acquisition can make to it. For example, you may be able to increase revenue through a more focused management team, or improve margins through greater purchasing power and lower costs. At VKT, we base our valuations on conservative assumptions - we also add in the risk element. This approach may be best, and it's worth remembering that with listed companies, shareholders tend to have higher risk/reward expectations.

　　Developing relationships with finance providers is a key part of the finance director's role. It is important to draw up a good business plan to ensure backing from lenders in the early stages of the acquisition. Your loan application needs to be supported by detailed profit and cashflow projections. Make sure you factor in sufficient finance to let the business develop over time, and allow for reinvestment. Here at VKT, we usually finance acquisitions with bank debt in the form of a 364-day loan, which can then be refinanced at a lower interest rate later.

　　If an acquisition is large, it can take years for companies to integrate. At VICT, we monitor all acquisitions closely for at least two years, and the most important lesson I've learned is that a deal is only good if it is beneficial for both vendor and acquirer. Change causes confusion, so it needs to be handled carefully. In order to protect profits and grow the business, you need to minimise the impact of change and help the people affected feel comfortable about it. When this is done properly, it can really boost morale.

　　谜底剖析

　　这篇文章是对收买的一些倡议。一名专家针对收买能够呈现的环境给出了本身的观点。A段是说要特地成立一个团队来处置收买事件，要有一个关头的人来鞭策收买的停止。同时还要对潜伏的方针停止深切研讨，若是发明了题目便实时抽身。B段是讲要想评价方针收买企业的代价，起首得决议你的收买能为它做出甚么样的进献。能够经由进程一个加倍专一的办理团队来进步收益，也能够经由进程进步采办力和下降本钱来改良利润。C段讲的是要和资金供给方成立杰出的干系，并谈到了资金假贷方面的一些环境。D段是讲收买停止后的一些影响。对呈现的相干变更，要妥帖处置。处置的好的话会进步士气。

　　第一题，当计较一个公司的代价时能够接纳谨严的方式。B段是和评价企业代价相干的内容，以是谜底在B段中找。是原文的这么一句：we base our valuations on conservative assumptions。咱们的代价评价是成立在激进的假定根本之上的。这里的conservative对应于cautious，base our valuations也便是计较公司的代价。

　　第二题，斟酌职员题目(personnel issues)使得你有充沛的资本来告竣方针。A段是讲收买中的职员题目的，但谜底不是那末较着。首要是要懂得A段开首的两句话：It is essential to build up a team to handle the acquisition so that your existing business can continue uninterrupted during the deal. It also helps to operate with spare capacity so that you can transfer people during the initial stages。有须要成立一个团队来处置收买使得在买卖时代现行的贸易能够不中断的持续。它也赞助处置闲置出产才能因而你能够在初始阶段转移职员。说究竟，这句话的意义便是要公道的支配职员，从而充实操纵资本来完成方针。这题须要深切懂得。

　　第三题，要想晓得你能从投资上取得几多报答，评价你能给采办的公司增添甚么。这一题谜底很较着，B段的第一句话：To decide on the value of any target business, you must first determine what contribution your acquisition can make to it.一样的意义。

　　第四题，在收买进程中对员工供给充沛的撑持能够发生杰出的成果。这题谜底也稍显费解，谜底是D段的前面几句：help the people affected feel comfortable about it. When this is done properly, it can really boost morale.赞助受影响的人感受到舒畅一些。当这些被妥帖处置了，能够真正晋升士气。

　　第五题，将持久的须要斟酌在内以确保你获得所须要的资本。谜底是C段的这么一句：Make sure you factor in sufficient finance to let the business develop over time, and allow for reinvestment.确保你将企业永劫候成长所须要的充沛的资金也归入在内，并且许可再投资。这里的take into account对应于factor in，develop over time对应于long-time requirement。

　　第六题，即使是在对收买投入了大批的尽力以后，也依然能够有须要加入。谜底是A段的最初一句：do not be afraid to walk away from a deal if you become aware of serious difficulties with a company you are targeting。若是你清晰了方针公司的严峻坚苦，不要惧怕从这桩买卖上走开。这里的walk away from对应于withdraw。

　　第七题，本来协商好的条目在收买后能够转变。谜底也有些费解，是C段的最初一句：we usually finance acquisitions with bank debt in the form of a 364-day loan, which can then be refinanced at a lower interest rate later.咱们凡是利用364天银行存款利率来供给存款，往后的再存款能够用一个更低的利率。意义是一样的，可是须要恰当懂得才能做答。

　　疑似生词：

　　Spare capacity：When a business is operating at less than 100% capacity, it is said to have “spare capacity”。闲置出产才能。

　　Listed companies：a listed company is one whose shares may be bought and sold on a stock exchange.

　　上市公司。

　　e.g:Our shares are now listed and traded on the Toronto Stock Exchange.

　　Factor in:将….归入、参加主要身分。

　　Withdraw(这词用法多，让人混合，把经常使用的列出来)：

　　1、to take money out of a bank account, etc

　　e.g: You can use the card to withdraw money from cashpoints all over the world.

　　2、to stop giving or offering sth to sb

　　e.g: The drug was withdrawn from sale after a number of people suffered serious side effects.

　　3、to stop taking part in an activity or being a member of an organization