Flash! Fiction 4 by Peter McMillan - HTML preview
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correct answer.
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Congratulations on a fabulous 4th quarter performance. For the last three months, we posted record earnings, exceeding the expecta-tions of even the most optimistic analysts. Today, our company is headed for one of the most dramatic turnarounds in American corporate history. As we look forward to continuing growth and profits, we can now say that jobs will be returning as well. The past two years have been an extraordinary challenge for everyone—from those on the factory floor to those in the boardroom. While I cannot promise smooth sailing from here on, I can assure you that our collective efforts to bring this company back from bankruptcy have put us on a sustainable path of global competitiveness. In the coming days, you will be hearing about new initiatives designed to accelerate our gains in efficiencies, earnings and entrepreneurship. I look forward to your support in setting and in realizing ever-ambitious goals for our shareholders, our customers and ourselves.
4. What is the primary purpose of the CEO's speech?
(A) To promote the company to industry analysts listening to the YouTube broadcast
(B) To reduce employee anxiety about job security and end the rumours about pension plan restructuring
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(C) To motivate employees to accept further changes (D) To celebrate the 4th quarter performance and to announce year-end bonuses
5. Which of the following was neither expressed nor implied in the CEO's speech?
(A) The company filed for bankruptcy.
(B) The company is publicly held.
(C) The company relies on exports.
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(D) The company has reported profits for two consecu-tive quarters.
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6. Which of the following best describes the company?
(A) A New York subsidiary of a Canadian bank with signifi-cant investments in Latin America
(B) An American distributor for a Chinese manufacturer of swimming pool equipment assembled in Canada
(C) A San Diego-based subsidiary of a British travel agency recently acquired by another British travel agency
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(D) An American manufacturer supplying international markets