31. What best describes the author’s purpose in writing the passage?
1. To state the importance of small and large businesses
2. To point out the drawbacks of globalization and market liberalization
3. To suggest ways to deal with challenges facing businesses and governments
4. To put emphasis on productivity improvements and international
competitiveness
32. What is the best title for the passage?
1. Globalization and market liberalization
2. Challenges facing businesses and governments
3. Productivity improvements and international competitiveness
4. Business and industry policies for knowledge-based economies
33. The word “underlie” (line 10) means _________.
1. maintain
2. reduce
3. cause
4. prevent
34. The word “delegating” (line 19) means __________.
1. giving
2. keeping
3. approving
4. exchanging
35. Paragraph 4 states all of the following about what businesses have done to survive in a new
circumstance EXCEPT that __________.
1. they have reacted more quickly to change.
2. they have had durable networks.
3. they have built trust and responsibility internally and externally.
4. they have hired more employees.
36. According to paragraphs 3 and 4, which of the following statements is true?
1. It is not necessary to have market liberalization and public sector reform.
2. Durable networks are not advantageous for the automotive industry.
3. An increase in the volume of trade and foreign investment reflects globalization’s
development.
4. The number of workers in manufacturing industries in most OECD countries has
risen.
37. The success of small businesses depends on __________.
1. building trust and responsibility
2. their ability to generate new jobs
3. reducing costs for computing and communications
4. their rapid adaptation to new conditions or situations
38. The word “they” (line 29) refers to __________.
1. smaller businesses
2. larger firms
3. life cycles
4. new circumstances Test Form 01 (25001)
5
39. According to the last paragraph, what can be inferred about knowledge-intensive services?
1. Investment in training and technology is not necessary.
2. They emerge from technological innovation and collaboration.
3. The increasing number of small businesses will promote providers of such services.
4. Success and failure of businesses using the services do not depend on their intellectual capital.
40. The tone of the passage is __________.
1. informative 2. exaggerated 3. subjective 4. supportive