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Directions:
Eachofthepassagesbelowisfollowedbysomequestions.Foreachquestiontherearefour
answersmarked[A],[B],[CJand[DJ.Readthepassagescarefullyandchoosethebestanswerto
eachofthequestions.ThenmarkyouransweronANSWERSHEET1byblackeningthe
correspondingletterinthebracketswithapencil.(40points)
SectionIIIReadingComprehension(1995)
Text1
MoneyspentonadvertisingismoneyspentaswellasanyIknowof.Itservesdirectlyto
assistarapiddistributionofgoodsatreasonableprices,therebyestablishingafirmhomemarket
andsomakingitpossibletoprovideforexportatcompetitiveprices.Bydrawingattentiontonew
ideasithelpsenormouslytoraisestandardsofliving.Byhelpingtoincreasedemanditensuresan
increasedneedforlabour,andisthereforeaneffectivewaytofightunemployment.Itlowersthe
costsofmanyservices:withoutadvertisementsyourdailynewspaperwouldcostfourtimesas
much,thepriceofyourtelevisionlicensewouldneedtobedoubledandtravelbybusortube
wouldcost20percentmore.
Andperhapsmostimportantofall,advertisingprovidesaguaranteeofreasonablevaluein
theproductsandservicesyoubuy.Apartfromthefactthattwenty-sevenActsofParliament
governthetermsofadvertising,noregularadvertiserdarepromoteaproductthatfailstoliveup
tothepromiseofhisadvertisements.Hemightfoolsomepeopleforalittlewhilethrough
misleadingadvertising.Hewillnotdosoforlong,formercifullythepublichasthegoodsensenot
tobuytheinferiorarticlemorethanonce.Ifyouseeanarticleconsistentlyadvertised,itisthe
surestproofIknowthatthearticledoeswhatisclaimedforit,andthatitrepresentsgoodvalue.
AdvertisingdoesmoreforthematerialbenefitofthecommunitythananyotherforceIcan
thinkof.
ThereisonepointIfeelIoughttotouchon.RecentlyIheardawell-knowntelevision
personalitydeclarethathewasagainstadvertisingbecauseitpersuadesratherthaninforms.He
wasdrawingexcessivelyfinedistinctions.Ofcourseadvertisingseekstopersuade.
Ifitsmessagewereconfinedmerelytoinformation—andthatinitselfwouldbedifficultif
notimpossibletoachieve,forevenadetailsuchasthechoiceofthecolourofashirtissubtly
persuasive—advertisingwouldbesoboringthatnoonewouldpayanyattention.Butperhapsthat
iswhatthewell-knowntelevisionpersonalitywants.
51.Bythefirstsentenceofthepassagetheauthormeansthat.
[A]heisfairlyfamiliarwiththecostofadvertising
[B]everybodyknowswellthatadvertisingismoneyconsuming
[C]advertisingcostsmoneylikeeverythingelse
[DJitisworthwhiletospendmoneyonadvertising
52.Inthepassage,whichofthefollowingisNOTincludedintheadvantagesofadvertising?
[A]Securinggreaterfame.
[B]Providingmorejobs.
[C]Enhancinglivingstandards.
[D]Reducingnewspapercost.
53.Theauthordeemsthatthewell-knownTVpersonalityis.
[AJverypreciseinpassinghisjudgmentonadvertising
[B]interestedinnothingbutthebuyers'attention
[C]correctintellingthedifferencebetweenpersuasionandinformation
[D]obviouslypartialinhisviewsonadvertising
54.Intheauthor'sopinion,.
[A]advertisingcanseldombringmaterialbenefittomanbyprovidinginformation
[B]advertisinginformspeopleofnewideasratherthanwinsthemover
[C]thereisnothingwrongwithadvertisinginpersuadingthebuyer
ID]thebuyerisnotinterestedingettinginformationfromanadvertisement
Text2
Therearetwobasicwaystoseegrowth:oneasaproduct,theotherasaprocess.Peoplehave
generallyviewedpersonalgrowthasanexternalresultorproductthatcaneasilybeidentifiedand
measured.Theworkerwhogetsapromotion,thestudentwhosegradesimprove,theforeigner
wholearnsanewlanguage-alltheseareexamplesofpeoplewhohavemeasurableresultsto
showfortheirefforts.
Bycontrast,theprocessofpersonalgrowthismuchmoredifficulttodetermine,sinceby
definitionitisajourneyandnotthespecificsignpostsorlandmarksalongtheway.Theprocessis
nottheroaditself,butrathertheattitudesandfeelingspeoplehave,theircautionorcourage,as
theyencounternewexperiencesandunexpectedobstacles.Inthisprocess,thejourneyneverreally
ends;therearealwaysnewwaystoexperiencetheworld,newideastotry,newchallengesto
accept.
Inordertogrow,totravelnewroads,peopleneedtohaveawillingnesstotakerisks,to
confronttheunknown,andtoacceptthepossibilitythattheymay"fail"atfirst.Howwesee
ourselvesaswetryanewwayofbeingisessentialtoourabilitytogrow.Doweperceive
ourselvesasquickandcurious?Ifso,thenwetendtotakemorechancesandtobemoreopento
unfamiliarexperiences.Dowethinkwe'reshyandindecisive?Thenoursenseoftimiditycan
causeustohesitate,tomoveslowly,andnottotakeastepuntilweknowthegroundissafe.Do
wethinkwe'reslowtoadapttochangeorthatwe'renotsmartenoughtocopewithanew
challenge?Thenwearelikelytotakeamorepassiveroleornottryatall.
Thesefeelingsofinsecurityandself-doubtarebothunavoidableandnecessaryifweareto
changeandgrow.Ifwedonotconfrontandovercometheseinternalfearsanddoubts,ifwe
protectourselvestoomuch,thenweceasetogrow.Webecometrappedinsideashellofourown
making.
55.Apersonisgenerallybelievedtoachievepersonalgrowthwhen.
[A]hehasgivenuphissmokinghabit
[B]hehasmadegreateffortsinhiswork
[C]heiskeenonleaninganythingnew
fD]hehastriedtodeterminewhereheisonhisjourney
56.Intheauthor'seyes,onewhoviewspersonalgrowthasaprocesswould.
[A]succeedinclimbingupthesocialladder
[B]judgehisabilitytogrowfromhisownachievements
[C]facedifficultiesandtakeupchallenges
[D]aimhighandreachhisgoaleachtime
57.Whentheauthorsays“anewwayofbeing"(Line2〜3,Para.3)heisreferringto.
[A]anewapproachtoexperiencingtheworld
[B]anewwayoftakingrisks
[C]anewmethodofperceivingourselves
[D]anewsystemofadaptationtochange
58.Forpersonalgrowth,theauthoradvocatesallofthefollowingEXCEPT.
[A]curiosityaboutmorechances
[B]promptnessinself-adaptation
[C]open-mindednesstonewexperiences
fD]avoidanceofinternalfearsanddoubts
Text3
Insuchachanging,complexsocietyformerlysimplesolutionstoinformationalneeds
becomecomplicated.Manyoflife'sproblemswhichweresolvedbyaskingfamilymembers,
friendsorcolleaguesarebeyondthecapabilityoftheextendedfamilytoresolve.Wheretoturnfor
expertinformationandhowtodeterminewhichexpertadvicetoacceptarequestionsfacingmany
peopletoday.
Inadditiontothis,thereisthegrowingmobilityofpeoplesinceWorldWarII.Asfamilies
moveawayfromtheirstablecommunity,theirfriendsofmanyyears,theirextendedfamily
relationships,theinformalflowofinformationiscutoff,andwithittheconfidencethat
informationwillbeavailablewhenneededandwillbetrustworthyandreliable.Thealmost
unconsciousflowofinformationaboutthesimplestaspectsoflivingcanbecutoff.Thus,things
oncelearnedsubconsciouslythroughthecasualcommunicationsoftheextendedfamilymustbe
consciouslylearned.
Addingtosocietalchangestodayisanenormousstockpileofinformation.Theindividual
nowhasmoreinformationavailablethananygeneration,andthetaskoffindingthatonepieceof
informationrelevanttohisorherspecificproblemiscomplicated,time-consumingandsometimes
evenoverwhelming.
Coupledwiththegrowingquantityofinformationisthedevelopmentoftechnologieswhich
enablethestorageanddeliveryofmoreinformationwithgreaterspeedtomorelocationsthanhas
everbeenpossiblebefore.Computertechnologymakesitpossibletostorevastamountsofdatain
machine-readablefiles,andtoprogramcomputerstolocatespecificinformation.
Telecommunicationsdevelopmentsenablethesendingofmessagesviatelevision,radio,andvery
shortly,electronicmailtobombardpeoplewithmultitudesofmessages.Satelliteshaveextended
thepowerofcommunicationstoreporteventsattheinstantofoccurrence.Expertisecanbeshared
worldwidethroughteleconferencing,andproblemsindisputecanbesettledwithoutthe
participantsleavingtheirhomesand/orjobstotraveltoadistantconferencesite.Technologyhas
facilitatedthesharingofinformationandthestorageanddeliveryofinformation,thusmaking
moreinformationavailabletomorepeople.
Inthisworldofchangeandcomplexity,theneedforinformationisofgreatestimportance.
Thosepeoplewhohaveaccurate,reliableup-to-dateinformationtosolvetheday-to-dayproblems,
thecriticalproblemsoftheirbusiness,socialandfamilylife,willsurviveandsucceed.
"Knowledgeispower"maywellbethetruestsayingandaccesstoinformationmaybethemost
criticalrequirementofallpeople.
59.Theword"il"(Line3,Para.2)mostprobablyrefersto.
[A]thelackofstablecommunities
[B]thebreakdownofinformalinformationchannels
[C]theincreasedmobilityoffamilies
[D]thegrowingnumberofpeoplemovingfromplacetoplace
60.Themainproblempeoplemayencountertodayarisesfromthefactthat.
[Ajtheyhavetolearnnewthingsconsciously
[B]theylacktheconfidenceofsecuringreliableandtrustworthyinformation
[C]theyhavedifficultyobtainingtheneededinformationreadily
IDJtheycanhardlycarryoutcasualcommunicationswithanextendedfamily
61.Fromthepassagewecaninferthat.
[A]electronicmailwillsoonplayadominantroleintransmittingmessages
[Blitwillbecomemoredifficultforpeopletokeepsecretsinaninformationera
fClpeoplewillspendlesstimeholdingmeetingsorconferences
IDJeventswillbereportedonthespotmainlythroughsatellites
62.Wecanlearnfromthelastparagraphthat.
[A]itisnecessarytoobtainasmuchknowledgeaspossible
[B]peopleshouldmakethebestuseoftheinformationaccessible
fC]weshouldrealizetheimportanceofaccumulatinginformation
[D]itisofvitalimportancetoacquireneededinformationefficiently
Text4
Personalityistoalargeextentinherent—A-typeparentsusuallybringaboutA-typeoffspring.
Buttheenvironmentmustalsohaveaprofoundeffect,sinceifcompetitionisimportanttothe
parents,itislikelytobecomeamajorfactorinthelivesoftheirchildren.
OneplacewherechildrensoakupA-characteristicsisschool,whichis,byitsverynature,a
highlycompetitiveinstitution.Toomanyschoolsadoptthe“winatallcosts“moralstandardand
measuretheirsuccessbysportingachievements.Thecurrentpassionformakingchildrencompete
againsttheirclassmatesoragainsttheclockproducesatwo-layersystem,inwhichcompetitive
A-typesseeminsomewaybetterthantheirB-typefellows.Beingtookeentowincanhave
dangerousconsequences:rememberthatPheidippides,thefirstmarathonrunner,droppeddead
secondsaftersaying:"Rejoice,weconquer!”
Byfartheworstformofcompetitioninschoolsisthedisproportionateemphasison
examinations.Itisarareschoolthatallowspupilstoconcentrateonthosethingstheydowell.The
meritsofcompetitionbyexaminationaresomewhatquestionable,butcompetitioninthecertain
knowledgeoffailureispositivelyharmful.
Obviously,itisneitherpracticalnordesirablethatallAyoungsterschangeintoB's.The
worldneedsAtypes,andschoolshaveanimportantdutytotrytofitachild'spersonalitytohis
possiblefutureemployment.Itistopmanagement.
Ifthepreoccupationofschoolswithacademicworkwaslessened,moretimemightbespent
teachingchildrensurervalues.Perhapsselectionforthecaringprofessions,especiallymedicine,
couldbemadelessbygoodgradesinchemistryandmorebysuchconsiderationsassensitivity
andsympathy.ItissurelyamistaketochooseourdoctorsexclusivelyfromA-typestock,B'sare
importantandshouldbeencouraged.
63.Accordingtothepassage,A-typeindividualsareusually.
[A]impatient
[B]considerate
[C]aggressive
[D]agreeable
64.Theauthorisstronglyopposedtothepracticeofexaminationsatschoolsbecause.
[A]thepressureistoogreatonthestudents
[Blsomestudentsareboundtofail
IC]failureratesaretoohigh
[D]theresultsofexanimationsaredoubtful
65.Theselectionofmedicalprofessionalsiscurrentlybasedon.
[A]candidates,sensitivity
[B]academicachievements
[C]competitivespirit
[D]surervalues
66.Fromthepassagewecandrawtheconclusionthat.
[A]thepersonalityofachildiswellestablishedatbirth
[B]familyinfluencedominatestheshapingofone'scharacteristics
[C]thedevelopmentofone'spersonalityisduetomultiplefactors
[D]B-typecharacteristicscanfindnoplaceincompetitivesociety
Text5
Thatexperiencesinfluencesubsequentbehaviourisevidenceofanobviousbutnevertheless
remarkableactivitycalledremembering.Learningcouldnotoccurwithoutthefunctionpopularly
namedmemory.Constantpracticehassuchaneffectonmemoryastoleadtoskillfulperformance
onthepiano,torecitationofapoem,andeventoreadingandunderstandingthesewords.
So-calledintelligentbehaviourdemandsmemory,rememberingbeingaprimaryrequirementfor
reasoning.Theabilitytosolveanyproblemoreventorecognizethataproblemexistsdependson
memory.Typically,thedecisiontocrossastreetisbasedonrememberingmanyearlier
experiences.
Practice(orreview)tendstobuildandmaintainmemoryforataskorforanylearnedmaterial.
Overaperiodofnopracticewhathasbeenlearnedtendstobeforgotten;andtheadaptive
consequencesmaynotseemobvious.Yet,dramaticinstancesofsuddenforgettingcanbeseento
beadaptive.Inthissense,theabilitytoforgetcanbeinteipretedtohavesurvivedthrougha
processofnaturalselectioninanimals.Indeed,whenone'smemoryofanemotionallypainful
experienceleadtoseriousanxiety,forgettingmayproducerelief.Nevertheless,anevolutionary
interpretationmightmakeitdifficulttounderstandhowthecommonlygradualprocessof
forgettingsurvivednaturalselection.
Inthinkingabouttheevolutionofmemorytogetherwithallitspossibleaspects,itishelpful
toconsiderwhatwouldhappenifmemoriesfailedtofade.Forgettingclearlyaidsorientationin
time,sinceoldmemoriesweakenandthenewtendtostandout,providingcluesforinferring
duration.Withoutforgetting,adaptiveabilitywouldsuffer,forexample,learnedbehaviourthat
mighthavebeencorrectadecadeagomaynolongerbe.Casesarerecordedofpeoplewho(by
ordinarystandards)forgotsolittlethattheireverydayactivitieswerefullofconfusion.Thus
forgettingseemstoservethatsurvivaloftheindividualandthespecies.
Anotherlineofthoughtassumesamemorystoragesystemoflimitedcapacitythatprovides
adaptiveflexibilityspecificallythroughforgetting.Inthisview,continualadjustmentsaremade
betweenlearningormemorystorage(input)andforgetting(output).Indeed,thereisevidencethat
therateatwhichindividualsforgetisdirectlyrelatedtohowmuchtheyhavelearned.Suchdata
offergrosssupportofcontemporarymodelsofmemorythatassumeaninput-outputbalance.
67.Fromtheevolutionarypointofview,.
[A]forgettingforlackofpracticetendstobeobviouslyinadaptive
[B]ifapersongetsveryforgetfulallofasuddenhemustbeveryadaptive
[C]thegradualprocessofforgettingisanindicationofanindividuaFsadaptability
fD]suddenforgettingmaybringaboutadaptiveconsequences
68.Accordingtothepassage,ifapersonneverforgot,.
[A]hewouldsurvivebest
[B]hewouldhavealotoftrouble
[C]hisabilitytolearnwouldbeenhanced
fD]theevolutionofmemorywouldstop
69.Fromthelastparagraphweknowthat.
[A]forgetfulnessisaresponsetolearning
[B]thememorystoragesystemisanexactlybalancedinput-outputsystem
[C]memoryisacompensationforforgetting
[D]thecapacityofamemorystoragesystemislimitedbecauseforgettingoccurs
70.Inthisarticle,theauthortriestointerpretthefunctionof.
[A]remembering
[B]forgetting
[C]adapting
[D]experiencing
1996.SectionIIIReadingComprehension
Text1
Tight-lippedeldersusedtosay,"It'snotwhatyouwantinthisworld,butwhatyouget.”
Psychologyteachesthatyoudogetwhatyouwantifyouknowwhatyouwantandwantthe
rightthings.
Youcanmakeamentalblueprintofadesireasyouwouldmakeablueprintofahouse,and
eachofusiscontinuallymakingtheseblueprintsinthegeneralroutineofeverydayliving.Ifwe
intendtohavefriendstodinner,weplanthemenu,makeashoppinglist,decidewhichfoodto
cookfirst,andsuchplanningisanessentialforanytypeofmealtobeserved.
Likewise,ifyouwanttofindajob,takeasheetofpaper,andwriteabriefaccountof
yourself.Inmakingablueprintforajob,beginwithyourself,forwhenyouknowexactlywhat
youhavetooffer,youcanintelligentlyplanwheretosellyourservices.
Thisaccountofyourselfisactuallyasketchofyourworkinglifeandshouldinclude
education,experienceandreferences.Suchanaccountisvaluable.Itcanbereferredtoinfilling
outstandardapplicationblanksandisextremelyhelpfulinpersonalinterviews.Whiletalkingto
you,yourcould-beemployerisdecidingwhetheryoureducation,yourexperience,andother
qualifications,willpayhimtoemployyouandyour“wares“andabilitiesmustbedisplayedinan
orderlyandreasonablyconnectedmanner.
Whenyouhavecarefullypreparedablueprintofyourabilitiesanddesires,youhave
somethingtangibletosell.Thenyouarereadytohuntforajob.Getallthepossibleinformation
aboutyourcould-bejob.Makeinquiriesastothedetailsregardingthejobandthefirm.Keepyour
eyesandearsopen,anduseyourownjudgment.Spendacertainamountoftimeeachdayseeking
theemploymentyouwishfor,andkeepinmind:Securingajobisyourjobnow.
51.Whatdotheeldersmeanwhentheysay,"It'snotwhatyouwantinthisworld,butwhatyou
get.”?
[AJYou'llcertainlygetwhatyouwant.
fB]It'snousedreaming.
[CJYoushouldbedissatisfiedwithwhatyouhave.
[DJIt'sessentialtosetagoalforyourself.
52.Ablueprintmadebeforeinvitingafriendtodinnerisusedinthispassageas.
[A]anillustrationofhowtowriteanapplicationforajob
[B]anindicationofhowtosecureagoodjob
[C]aguidelineforjobdescription
[D]aprincipleforjobevaluation
53.Accordingtothepassage,onemustwriteanaccountofhimselfbeforestartingtofindajob
because.
[A]thatisthefirststeptopleasetheemployer
[B]thatistherequirementoftheemployer
[C]itenableshimtoknowwhentosellhisservices
[DJitforceshimtobecomeclearlyawareofhimself
54.Whenyouhavecarefullypreparedablueprintofyourabilitiesanddesires,youhave
something.
[A]definitetooffer
[B]imaginarytoprovide
[CJpracticaltosupply
[D]desirabletopresent
Text2
WiththestartofBBCWorldServiceTelevision,millionsofviewersinAsiaandAmericacan
nowwatchtheCorporation'snewscoverage,aswellaslistentoit.
AndofcourseinBritainlistenersandviewerscantuneintotwoBBCtelevisionchannels,
fiveBBCnationalradioservicesanddozensoflocalradiostations.Theyarebroughtsport,
comedy,drama,music,newsandcurrentaffairs,education,religion,parliamentarycoverage,
children'sprogrammesandfilmsforanannuallicensefeeof£83perhousehold.
Itisaremarkablerecord,stretchingbackover70years-yettheBBC'sfutureisnowin
doubt.TheCorporationwillsurviveasapublicly-fundedbroadcastingorganization,atleastfor
thetimebeing,butitsrole,itssizeanditsprogrammesarenowthesubjectofanation-widedebate
inBritain.
ThedebatewaslaunchedbytheGovernment,whichinvitedanyonewithanopinionofthe
BBC—includingordinarylistenersandviewers-tosaywhatwasgoodorbadaboutthe
Corporation,andevenwhethertheythoughtitwasworthkeeping.Thereasonforitsinquiryis
thattheBBC'sroyalcharterrunsoutin1996anditmustdecidewhethertokeeptheorganization
asitis,ortomakechanges.
DefendersoftheCorporation-ofwhomtherearemany-arefondofquotingtheAmerican
slogan"Ifitain'tbroke,don'tfixit.”TheBBC"ain'tbroke,“theysay,bywhichtheymeanitis
notbroken(asdistinctfromtheword'broke',meaninghavingnomoney),sowhybotherto
changeit?
YettheBBCwillhavetochange,becausethebroadcastingworldarounditischanging.The
commercialTVchannels-ITVandChannel4-wererequiredbytheThatcherGovernment's
BroadcastingActtobecomemorecommercial,competingwitheachotherforadvertisers,and
cuttingcostsandjobs.Butitisthearrivalofnewsatellitechannels-fundedpartlybyadvertising
andpartlybyviewers'subscriptions—whichwillbringaboutthebiggestchangesinthelong
term.
55.TheworldfamousBBCnowfaces.
[A]theproblemofnewcoverage
[B]anuncertainprospect
[C]inquiriesbythegeneralpublic
[D]shrinkageofaudience
56.Inthepassage,whichofthefollowingabouttheBBCisNOTmentionedasthekeyissue?
[A]ExtensionofitsTVservicetoFarEast.
[B]Programmesasthesubjectofanation-widedebate.
[C]Potentialsforfurtherinternationalcooperations.
[D]Itsexistenceasabroadcastingorganization.
57.TheBBC's"royalchartef,(Line4,Paragraph4)standsfor.
[A]thefinancialsupportfromtheroyalfamily
[B]theprivilegesgrantedbytheQueen
[C]acontractwiththeQueen
[D]auniquerelationshipwiththeroyalfamily
58.TheforemostreasonwhytheBBChastoreadjustitselfisnootherthan.
[A]theemergenceofcommercialTVchannels
[B]theenforcementofBroadcastingActbythegovernment
[C]theurgentnecessitytoreducecostsandjobs
fD]thechallengeofnewsatellitechannels
Text3
Inthelasthalfofthenineteenthcentury“capital”and"labour“wereenlargingandperfecting
theirrivalorganizationsonmodernlines.Manyanoldfirmwasreplacedbyalimitedliability
companywithabureaucracyofsalariedmanagers.Thechangemetthetechnicalrequirementsof
thenewagebyengagingalargeprofessionalelementandpreventedthedeclineinefficiencythat
socommonlyspoiledthefortunesoffamilyfirmsinthesecondandthirdgenerationafterthe
energeticfounders.Itwasmoreoverastepawayfromindividualinitiative,towardscollectivism
andmunicipalandstate-ownedbusiness.Therailwaycompanies,thoughstillprivatebusiness
managedforthebenefitofshareholders,wereveryunlikeoldfamilybusiness.Atthesametime
thegreatmunicipalitieswentintobusinesstosupplylighting,tramsandotherservicestothe
taxpayers.
Thegrowthofthelimitedliabilitycompanyandmunicipalbusinesshadimportant
consequences.Suchlarge,impersonalmanipulationofcapitalandindustrygreatlyincreasedthe
numbersandimportanceofshareholdersasaclass,anelementinnationalliferepresenting
irresponsiblewealthdetachedfromthelandandthedutiesofthelandowners;andalmostequally
detachedfromtheresponsiblemanagementofbusiness.Allthroughthenineteenthcentury,
America,Africa,India,AustraliaandpartsofEuropewerebeingdevelopedbyBritishcapital,and
Britishshareholderswerethusenrichedbytheworld'smovementtowardsindustrialization.
TownslikeBournemouthandEastbournespranguptohouselarge“comfortable“classeswhohad
retiredontheirincomes,andwhohadnorelationtotherestofthecommunityexceptthatof
drawingdividendsandoccasionallyattendingashareholders*meetingtodictatetheirorderstothe
management.Ontheotherhand“shareholding“meantleisureandfreedomwhichwasusedby
manyofthelaterVictoriansforthehighestpurposeofagreatcivilization.
The“shareholders"assuchhadnoknowledgeofthelives,thoughtsorneedsoftheworkmen
employedbythecompanyinwhichheheldshares,andhisinfluenceontherelationsofcapital
andlabourwasnotgood.Thepaidmanageractingforthecompanywasinmoredirectrelation
withthemenandtheirdemands,butevenhehadseldomthatfamiliarpersonalknowledgeofthe
workmenwhichtheemployerhadoftenhadunderthemorepatriarchalsystemoftheoldfamily
businessnowpassingaway.Indeedthemeresizeofoperationsandthenumbersofworkmen
involvedrenderedsuchpersonalrelationsimpossible.Fortunately,however,theincreasingpower
andorganizationofthetradeunions,atleastinallskilledtrades,enabledtheworkmentomeeton
equaltermsthemanagersofthecompanieswhoemployedthem.Thecrueldisciplineofthestrike
andlockouttaughtthetwopartiestorespecteachother'sstrengthandunderstandthevalueoffair
negotiation.
59.It'strueoftheoldfamilyfirmsthat.
[A]theywerespoiledbytheyoungergenerations
IB]theyfailedforlackofindividualinitiative
[C]theylackedefficiencycomparedwithmoderncompanies
fD]theycouldsupplyadequateservicestothetaxpayers
60.Thegrowthoflimitedliabilitycom
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