最近很多人都在咨詢2021年商務英語考試的報名時間，目前還未發布報名通知，但是為了順利通過考試，考生們應該盡早投入到學習中。為了幫助大家高效備考，今天幫考網就分享一下歷年商務英語閱讀真題及解析，一起來看看吧。

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 the company 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

A

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.

B

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.

C

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.

D

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.

第一題，當計算一個公司的價值時可以采用謹慎的方法。B段是和評估企業價值相關的內容，所以答案是原文的這一句：we base our valuations on conservative assumptions。我們的價值評估是建立在保守的假設基礎之上的。

第二題，考慮人員問題(personnel issues)使得你有足夠的資源來達成目標。A段是講收購中的人員問題。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。有必要建立一個團隊來處理收購使得在交易期間現行的商業可以不間斷的繼續。它也幫助處理閑置生產能力于是你可以在初始階段轉移人員。

第三題，要想知道你能從投資上獲得多少回報，評估你能給購買的公司增加什么。這一題答案是B段的第一句話：To decide on the value of any target business, you must first determine what contribution your acquisition can make to it.

第四題，在收購過程中對員工提供足夠的支持可以產生良好的結果。這題答案是D段的后面幾句：help the people affected feel comfortable about it. When this is done properly, it can really boost morale.幫助受影響的人感覺到舒服一些。當這些被妥善處理了，可以真正提升士氣。

第五題，將長期的需要考慮在內以確保你得到所需要的資源。答案是C段的這一句：Make sure you factor in sufficient finance to let the business develop over time, and allow for reinvestment.確保你將企業長時間發展所需要的充足的資金也納入在內，并且允許再投資。

第六題，即便是在對收購投入了大量的努力之后，也仍然可能有必要退出。答案是A段的最后一句：do not be afraid to walk away from a deal if you become aware of serious difficulties with a company you are targeting。如果你清楚了目標公司的嚴重困難，不要害怕從這樁交易上走開。

第七題，原本協商好的條款在收購后可以改變。答案是C段的最后一句：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.我們通常使用364天銀行貸款利率來提供貸款，日后的再貸款可以用一個更低的利率。

以上就是歷年商務英語考試真題分享，希望對各位考生有所幫助。目前離舉行考試還有充足的學習時間，大家一定做好學習計劃，堅持每天看書做題，這樣才能獲得滿意的成績。