(11)..........The Bahamas earns much more from foreign tourists than it earns from exporting merchandise. B.Performance of Activities Abroad (12)..........Engineering services are often handled through turn-key operations, contracts for the construction of operating facilities that are transferred to the owner when the facilities are ready to begin operations.Fees for management services are often the result of management contracts,arrangements through which one firm provides management personnel to perform general or specialized management functions for another firm. C.Use of Assets From Abroad Royalties are the payment for use of assets from abroad,such as for trademarks, patents,copyrights,or other expertise under contracts known as licensing agreements. (13)..........In addition,the franchisor assists on a continuing basis in the operation of the business,such as by providing components,managerial services,or technology. Firms often move to foreign licensing or franchising after successfully building exports to a market.(14)..........The greater involvement occurs because the firm commonly has to send technicians to the foreign country to assist the licensee or franchisee in establishing and adapting its production facilities for the new product. Now choose the best sentence(A-H)to fill each of the gaps. A On a national level,such countries as Greece and Norway depend heavily on revenue collected from carrying foreign cargo on their ships. B This move usually involves a greater international commitment than in the early stages of exporting. C This is because at an early stage of international involvement these operations usually take the least commitment and least risk of a firm's resources. D Fees are payments for the performance of certain activities abroad,such services as banking,insurance,rentals (e.g.the Star Wars film),engineering,and management. E The terms exports or imports are used frequently yet in reality the reference is only to the merchandise exports or imports. G Ro yalties are also paid for franchising,a way of doing business in which one party (the franchisor)sells an independent party (the franchisee)the use of a trademark that is an essential asset for the franchisee's business. F Re ceipt of these earnings is considered a service export,whereas payment is considered a service import. Part Three Questions 15-20.(18 points) Read the following passage and choose the best statement (A,B,C or D)for each question.(3 points each) The Olympics are drawing to a climax and the US presidential election is three months away:conditions are perfect for an outbreak of wrong-headed economic nationalism. There is fierce competition for the title of most hilarious inability to appreciate that the modern global economy involves complex,multinational supply chains.But a leading contender must be the fury in the US Congress that the American Olympic team's uniforms 1630(11).......... The Bahamas earns much more from foreign tourists than it earns from exporting merchandise. B. Performance of Activities Abroad (1 2) . . . . . . . . .. Engineering services are often handled through turn-key operations, contracts for the construction of operating facilities that are transferred to the owner when the facilities are ready to begin operations. Fees for management services are often the result of management contracts, arrangements through which one firm provides management personnel to perform general or specialized management functions for another firm. c. Use of Assets From Abroad Royalties are the payment for use of assets from abroad , such as for trademarks, patents, copyrights, or other expertise under contracts known as licensing agreements. (13) . ... . . .. .. In addition, the franchisor assists on a continuing basis in the operation of the business. such as by providing components, managerial services. or technology. Firms often move to foreign licensing or franchising after successfully building exports to a market. (14).......... The greater involvement occurs because the firm commonly has to send technicians to the foreign country to assist the licensee or franchisee in establishing and adapting its production facilities for the new product. Now ch theb臼t sentence (A-H) to fill 也of the gaps. A On a nationallevel. such countries as Greece and Norway depend heavily on revenue collected from carrying foreign cargo on their ships. B This move usually involves a greater international commitment than in the early stages of exporting. C This is because at an early stage of international involvement these operations usually take the least commitment and least risk of a firm' s resources. D Fees are payments for the performance of certain activities abroad , such services as banking, insurance. rentals (e. g. the Star Wars film). engineering. and management. E The terms exports or imports are used frequently yet in reality the reference is only to the merchandise exports or imports. G Ro yalties are also paid for franchising , a way of doing business in which one party (the franchisor) sells an independent party (the franchisee) the use of a trademark that is an essential asset for the franchisee' s business. F Re ceipt of these earnings is considered a service export. whereas payment is considered a service import. Part Three Questions 15-20. (18 points) Read the f