Sample test-HP3 - K45 - Updated
Sample test-HP3 - K45 - Updated
School of Foreign Languages for Economic Purposes SAMPLE TEST – Module 3 – K45
Division of English for General Purposes
The basic structure of a hedge fund is an investment or partnership pool where a fund manager invests in different
securities and equities that match up ……………(1) the fund's goals. One of the ……………(2) distinguishers
about hedge funds is that they are almost always only available to "accredited investors", who have a ……………
(3) amount of capital.
In order to be considered an "accredited investor," you must ……………(4) by one of the following: Have a
personal annual income of $200,000 or more for yourself……………(5) , not combined; i.e., if you are married, the
combined income ……………(6) be $300,000 or more annually. In addition, you must have a personal net worth of
over $1 million. This could be either yourself or combined with your ……………(7). What’s more, you must be a
higher-up such as an executive, or director, etc. Also, you must be involved in the hedge fund, or have an employee
benefit plan or trust fund ……………(8) at least $5 million, which must be made before investing.
Hedge funds got their name from investors in funds holding both long and short stocks, to make sure they made
money ……………(9) market fluctuations (called "hedging"). But now, hedge funds have many different kinds of
structures with different assets and ……………(10).
1. A. for B. with C. to D. at
2. A. most B. less C. biggest D. further
3. A. certain B. few C. great deal D. 0
4. A. obtain B. qualify C. gain D. reach
5. A. first B. next C. all D. only
6. A. ought B. would C. has to D. had better
7. A. spouse B. sibling C. cousin D. lad
8. A. maximum B. minimum C. approximate D. worth
9. A. regardless B. despite C. as D. in spite
10. A. is B. be C. being D. securities
I. READING: Read the following passages and answer the questions that follow.
What makes consumers choose one airline over another or one mortgage provider over its rival?
Our research shows that your reaction to a brand depends on your experience of buying, using or owning it and not
just on advertising. The most important part of that experience is often your personal interaction with people. This is
an area that most companies don’t understand or invest enough in. Take airlines. Satisfaction with cabin crew
contributes more to people choosing the same airline again than other factors. Why do companies not spend more
on their people when there are clear benefits? Here are two common reasons.
But there are smart, affordable solutions that create a lot of brand value out of only a little customer interaction.
First Direct earns the highest level of customer recommendation of any UK bank through just the telephone contact
with its customers.
Customers at QVC, the market-leading television shopping channel, value their interaction with the station’s people
– in this case not the call centre staff who take the shopping orders, so much as the relationship that viewers believe
they have with QVC’s onscreen presenters.
It is bigger than perceptions of the products and fees, which are often the subject of the brand’s advertising and
communications. Yet in the same research conducted after the loan is given, customers may have forgotten the good
customer service they received and may focus more on general brand impressions. If you conduct your research at
that point – and this is often the case – the very important role that your staff have played will not be clear.
Financial Times
Choose the best answer.
Fill in each blank with ONE suitable word from the passage. Put it in its correct form or tense if necessary.
9. There are two common reasons why companies don’t invest enough in their personal ________with customers.
10. They took out a £400,000 ____________ to buy the house.
After collecting data, you have to write a marketing report to submit to the management so that they can make
right decisions for a new marketing campaign. One of the most important parts of your report is Findings, which
are based on the following factors:
And here are the Findings that you need to complete. (20 marks)
The aim of this report is to determine the reasons for the failure of the launch of our new range of Spring Balm
toiletries. (1) __________________________________________________________________. (4 marks)
I shall begin with my findings about the products themselves. About (2) ________________________ (4 marks)
said they were dissatisfied with the taste of the Spring Balm toothpaste. Also, 47 people complained of skin
irritation after using our deodorant spray.
You work in Marketing Department of Spring Balm. In the last three months, the launch of your company’s new
products has not been successful. You are asked to conduct a market survey to find out what the reasons are.
After collecting data, you have to write a marketing report to submit to the management so that they can make
right decisions for a new marketing campaign. One of the most important parts of your report is
Recommendations, which are based on the following factors:
And here are the Recommendations you need to complete. (20 marks)
On the basis of the above findings, I would like to make the following recommendations.
PART ONE: Listen to the following talks twice and choose the appropriate answer to each question.
Questions 1-3:
Questions 4-5:
PART TWO:
An expert at Hays company recommends important things to prepare for a job interview.
Listen and take notes (ONE WORD for each blank).
You will listen twice.
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