Text 3
Europe is desperate to succeed in business. Two years ago, the European Union’s Lisbon summit set a goal of becoming the world’s leading economy by 2010. But success, as any new-age executive coach might tell you, requires confronting the fear of failure. That is why Europe’s approach to bankruptcy urgently needs reform.
In Europe, as in the United States, many heavily indebted companies are shutting up shop just as the economy begins to recover. Ironically, the upturn is often the moment when weak firms finally fail. But America’s failures have a big advantage over Europe’s weaklings: their country’s more relaxed approach to bankruptcy.
In the United States the Chapter 11 law makes going bust an orderly and even routine process. Firms in trouble simply apply for breathing space from creditors. Managers submit a plan of reorganization to a judge, and creditors decide whether to give it a go or to come up wi
A. to have access to more relaxed approach to bankruptcy.
B. to submit a plan of reorganization to a judge on request.
C. to negotiate with their creditors when going bankrupt.
D. to sell assets to others who might manage them efficiently.
Text 1
Europe is desperate to succeed in business. Two years ago, the European Union’s Lisbon summit set a goal of becoming the world’s leading economy by 2010. But success, as any new-age executive coach might tell you, requires confronting the fear of failure. That is why Europe’s approach to bankruptcy urgently needs reform.
In Europe, as in the United States, many heavily indebted companies are shutting up shop just as the economy begins to recover. Ironically, the upturn is often the moment when weak firms finally fail. But America’s failures have a big advantage over Europe’s weaklings: their country’s more relaxed approach to bankruptcy.
In the United States the Chapter 11 law makes going bust an orderly and even routine process. Firms in trouble simply apply for breathing space from creditors. Managers submit a plan of reorganization to a judge, and creditors decide whether to give it a go or to come up wi
A. take advantage of legal procedures.
B. ask for the government's interventions.
C. damage the creditors' potential assets.
D. talk with their stern debtors abroad.
Text 3
Europe is desperate to succeed in business. Two years ago, the European Union’s Lisbon summit set a goal of becoming the world’s leading economy by 2010. But success, as any new-age executive coach might tell you, requires confronting the fear of failure. That is why Europe’s approach to bankruptcy urgently needs reform.
In Europe, as in the United States, many heavily indebted companies are shutting up shop just as the economy begins to recover. Ironically, the upturn is often the moment when weak firms finally fail. But America’s failures have a big advantage over Europe’s weaklings: their country’s more relaxed approach to bankruptcy.
In the United States the Chapter 11 law makes going bust an orderly and even routine process. Firms in trouble simply apply for breathing space from creditors. Managers submit a plan of reorganization to a judge, and creditors decide whether to give it a go or to come up wi
A. The achievement of Lisbon's goals would precede the elimination of chaos.
B. The best way to help European firms may be to make it easier for them to fail.
C. It is high time that the rigid bankruptcy laws in the U. S. were radically changed.
D. Shutting a weak American company means ending up with a big chunk of assets.
Text 4
Changes in the economy, Europe’ s reunification and technological evolution challenge our educational system. Vocational education will be particularly touched. It will be then necessary to intervene in the field of higher vocational education. Their level of education has to be qualitatively redefined and adapted to current demands. Professionals will have new chances of promotion through these reforms. At this point, vocational education has to define itself as being equal to high school-university courses, while keeping its particularities.
As far as employment opportunities are concerned, it is assumed that graduates from colleges of higher education have more or less the same chances to find a job as university graduates. In some areas, the former will probably even find employment easier, as their practical work experience is by far larger than university students. These may possess a much larger theoretical background as they start worki
A. are sure to find employment easier than university graduates
B. need more time to get the practical fide of their job than university graduates
C. have larger practical work experiences than university graduates
D. possess a much larger theoretical background than university graduates
W: We are interested in Mr. Foster’s business history.
M: Well, Mr. Foster started his publishing business with only one magazine. It was called "Worldnews". Mostly it had summaries of important week events from around the world. But it always included one or two stories about interesting people. Mr. Foster put these in because he believed all people like to read about other people. Several years ago, Mr. Foster started two other magazines. One was called "Enterprise". It is for business people. And the other was called "Action", for sportsmen. Like "Worldnews", they always have two or three stories about interesting people. Five years ago, Mr. Foster got another idea for a magazine. He wanted this one to have even more stories about people than the others and to have more photographs. This one was named "Faces and Places". From the very beginning, it was a big success.
W: Quite a person with ideas.
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