Questões de Concurso Comentadas por alunos sobre advérbios e conjunções | adverbs and conjunctions em inglês

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Q2242132 Inglês
From the IPO to the First Trade: Is Underpricing Related to the Trading Mechanism?

Sonia Falconieri, Albert Murphy and Daniel Weaver

        As documented by a vast empirical literature, IPOs are characterized by underpricing. Most of the theoretical literature has linked the size of underpricing to the IPO procedure used on the primary market. In this paper, by using a matched sample of NYSE and Nasdaq IPOs, we show that the size of underpricing also depends on the trading method used in the IPO aftermarket.

         There are two major methods of opening trading of initial public offerings (IPOs) in the U.S. The NYSE is an order-driven market ....56... a call auction allows supply and demand to be aggregated (at one location) prior to the start of trading. .....57.... , Nasdaq is a quote-driven market. Dealers can only specify their best quotes, and participants have KK 58 idea of supply and demand away from the inside quotes.

      We propose a new proxy for ex ante uncertainty of firm value and test it. Our results show that there is a larger level of uncertainty at the beginning of trading on Nasdaq than on the NYSE. This in turn is associated with larger levels of underpricing for Nasdaq IPOs. We suggest that this may be due to the different informational efficiency of the two trading systems.

(http://www.nyse.com/marketinfo/p1020656068262.html?displayPage=%
2Fmarketinfo%2Fmarketinfo.html)
Instruções: Para responder à questão, assinale, na folha de respostas, a letra correspondente à alternativa que preenche corretamente a lacuna do texto apresentado.
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Q2239810 Inglês
Text 2A7

       Artificial intelligence (AI) is arguably the most rapidly advancing technology humans have ever developed. A year ago, you wouldn’t often hear AI come up in a regular conversation, but today it seems there’s constant talk about how generative AI tools like ChatGPT and DALL-E will affect the future of work, the spread of information, and more. A major question that has thus far been almost entirely unexamined is how this AI-dominated future will affect people’s minds.

         There’s been some research into how using AI in their jobs will affect people mentally, but there isn’t yet an understanding of how simply living amongst so much AI-generated content and systems will affect people’s sense of the world. How is AI going to change individuals and society in the not-too-distant future?

          AI will obviously make it easier to produce disinformation. That will affect people’s sense of trust as they’re scrolling on social media. AI can also allow someone to imitate your loved ones, which further erodes people’s general ability to trust what was once unquestionable.


Internet: < wired,com > (adapted).  
In the context of the first sentence of the second paragraph of text 2A7, the word “ understanding ” is grammatically classified as 
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Q2238992 Inglês
Text 2A7

         Artificial intelligence (AI) is arguably the most rapidly advancing technology humans have ever developed. A year ago, you wouldn’t often hear AI come up in a regular conversation, but today it seems there’s constant talk about how generative AI tools like ChatGPT and DALL-E will affect the future of work, the spread of information, and more. A major question that has thus far been almost entirely unexamined is how this AI-dominated future will affect people’s minds.
           
           There’s been some research into how using AI in their jobs will affect people mentally, but there isn’t yet an understanding of how simply living amongst so much AI-generated content and systems will affect people’s sense of the world. How is AI going to change individuals and society in the not-too-distant future?

            AI will obviously make it easier to produce disinformation. That will affect people’s sense of trust as they’re scrolling on social media. AI can also allow someone to imitate your loved ones, which further erodes people’s general ability to trust what was once unquestionable.

Internet: <wired.com> (adapted). 
In the context of the first sentence of the second paragraph of text 2A7, the word “understanding” is grammatically classified as 
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Q2231441 Inglês
(§1º)Budelli Island is part of the La Maddalena Archipelago and is home to Spiaggia Rosa - a stretch of pink sand that's been protected by the Italian government since 1992.

(§2º)The pink shade is caused by the crushed shells of a micro-organism mixing with the sand when it dies. But when the beach started to lose its rose-tinted hue because of over-tourism, visitors were banned in a bit to protect the pink sand.

(§3º)The colour has since returned but a new wave of unauthorised daytrippers are threatening the pink shores. While it is strictly forbidden to step foot on the beach, holidaymakers are able to admire the pink sand from the safety of a boat. But according to one expert, some holidaymakers are flouting the ban.

(§4º)In an article in the Times, Fabrizio Fonnesu, director of the Maddalena archipelago national park said: "The beach is again in danger as people arrive by boat, clamber up the beach, then post photos, which allow us to fine them up to 500 euros (£430)."

(§5º)Tourists who've attempted to take Sardinia's pink sand away as a souvenir can up fined up to 3,500 euros (£3,007). And according to the Guardian, a couple were fined 1,000 euros (£860) in 2001 after they were caught filling a plastic bottle with sand.

(§6º)Brits who want to visit the island will need to book themself onto a private boat tour or a ferry service to glimpse this secluded spot from afar. Other beaches on the island have also brought in measures to minimise the impact of tourists. Only 1,600 people can visit Cala Sisine while Santa Maria Navarrese only permits 1,300 euros.

(§7º)Fewer still are able to visit Cala Mariolu, with only 550 people allowed in per day and each having to pay a 1 euro fee. Elsewhere, Pelosa Beach has banned towels and asked visitors to instead bring mats which gather less sand. Anyone visiting will have to pay 3.50 euros.

(§8º)Meanwhile, tourists wanting to visit the beaches of Cala Coticcio and Cala Brigantina in the archipelago of La Maddalena will have to pay 3 euros per person for access each day after new rules were brought in. The archipelago itself is a national park and only accessible with a guide, which will cost 25 euros for five hours.

(§9º)And anyone caught visiting the archipelago without a guide could face prosecution. Just 60 people will be permitted on each beach per day, as the local authorities look at ways to protect the sites from the impact of tourism.

(§10º)Slots must be booked in advance by contacting a local guide but it is hoped that an app will be launched soon. Here are several other pink beaches holidaymakers can visit across Europe - and one's in the UK. And a beach in the Canary Islands even has sand that looks like popcorn, due to the shape of the coral.

itssfnneed
w.thesun.co.uk/travel/22667535/pink-beach-italy-bundelli-tourists-fined/
Identify the grammatical class of the word "unauthorised" (§3º) in the text: 
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Q2217914 Inglês




Available at: https://www.forbes.com/advisor/personal-finance/ how-to-teach-your-kids-good-money-habits/ Retrieved on: Jan. 2, 2023. Adapted.
In the passage of paragraph 3, “An allowance can accomplish that. However, you should consider requiring your kids to do certain tasks to earn their allowance”, the term “however” establishes the idea of
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Respostas
36: E
37: D
38: C
39: A
40: C