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Q2297179 Inglês
TEXT:

Mistakes help you learn
Maija Kozlova
May 19, 2021


It is not uncommon for English language lessons to favour communication over accuracy: real life is nothing like a classroom! In real-life situations, when you make a mistake in the language you are learning, context provides ample information as to what the intended message is. In fact, most of the time, impeccable accuracy is not needed at all! “Don’t worry about making mistakes,” I used to tell my English language students. “Communicating is the most important thing!”


While making mistakes when trying to master a language might seem counter-intuitive, letting learners freely communicate and negotiate meaning is key to success. A learner who communicates a lot while making a few mistakes is much more likely to develop confidence for dealing with real-life situations than a learner who communicates very little because they’re afraid of making any. In communicative language teaching, for example, the teacher is tasked with both encouraging the learner to express themselves and with providing corrective feedback in a way that is not obstructive to communication. 


This means that if a learner says, “I go swimming last night,” it is much more effective to respond with, “Oh, that’s nice, you went swimming. What did you do after?” rather than, “No! You went swimming! Use past simple for past events!” – the former encourages the learner to continue their narrative while the latter is much more likely to make the learner stop in their tracks, re-evaluate the context, and think twice before expressing themselves again in the future, for the fear of making a mistake again. Teachers need to be careful not to parrot back everything the students say in this manner, of course, but the technique can be an effective method of acknowledging the content of a student’s response, while also providing feedback on accuracy.


The importance of the freedom to make mistakes in language learning is also supported by research in psychology, which suggests that learners who try a task without having mastered it completely experience improved retention of new information. A similar experiment in the context of language learning also indicates that the process of making mistakes activates a greater network of related knowledge in the brain, which leads to superior learning outcomes.


It is believed that the key to help learners feel relaxed and ready for communicating freely in the classroom is authenticity. This means that there should be both a real communicative need for a learner to speak and the authentic reaction from those around to what the learner has said.


Here are a few ways of how such authentic communicative interactions can be practiced in the classroom: 


• surround learners with the English language – encourage them to speak to you and each other in English;

• don’t worry about diverging from topics that are not strictly covered in your lesson plan;

• model communication by telling your students stories and anecdotes about your own life and encourage them to do the same;

• let your learners have fun with English – give them colloquial expressions to try and ask them to share some expressions

; • do not overcorrect – make a note of errors and cover it in subsequent lessons;

• avoid the temptation to turn what was intended as speaking practice into a full-on grammar lesson.


While easier said than done, especially when the outcome of an exam is at stake, it is worth remembering that people that our learners might come to interact with outside of the classroom are driven by the natural desire to understand the people they communicate with. This is especially powerful when practiced in the context of a classroom. They set the learners up for success in real-life communication. In other words, when communication is the goal, mistakes are secondary, and that’s real life, isn’t it?


Adapted from: https://wwwcambridgeenglish.org/blog/mistakes-help-you-learnfreedom-to-fail-in-games-and-language-learning/
No 1º parágrafo do texto, pode-se substituir o termo favour, sem prejuízo de significado, por:
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Q2293495 Inglês
Dogs will eat almost anything—cats, not so much. Here’s why.

     Why are cats such picky eaters when dogs seem willing to wolf down just about anything they encounter? It’s a question many pet parents likely ask themselves while __________ their feline friend to swallow a pill or prying another slobbery piece of mulch from their puppy’s mouth.
      There’s still a lot scientists don’t know about animal taste preferences. But, thanks to a small but growing body of research, researchers are starting to unravel some of the mysteries around our four-legged friends’ flavor fancies. Here’s what we know so far.
       Accidentally drop a cupcake on the ground and your dog will probably scarf it down in one bite. Your cat, on the other hand, may turn up her nose. One possible reason for their ____________ behaviors? Cats can’t taste sweetness.
       Since they couldn’t just ask cats directly, researchers figured this out by analyzing their DNA. House cats, tigers, and cheetahs have a “broken” version of the gene Tas1r2, which works with another gene, Tas1r3, to enable sweetness detection. Though Tas1r3 appears to function perfectly fine in cats, Tas1r2 is an “unexpressed pseudogene” that’s missing 247 letters. Without them, Tas1r2 does not produce a crucial protein needed to form a receptor for sweetness on cats’ taste buds.
       To take the study a step further, they gave 25 felines the choice between a bowl of plain water and one that’d been spiked with molecules that provide umami flavor. As ___________, the cats strongly preferred the umami water, and more specifically, water containing umami compounds present in tuna. That may help explain why felines love the saltwater fish so much.

(Source: National Geographic — adaptation.)
In “Why are cats such picky eaters when dogs seem willing to wolf down just about anything they encounter.”, the underlined word can be substituted, without loss of meaning, by:
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Q2291649 Inglês
READ TEXT III AND ANSWER QUESTION

Text III

English as an Additional Language:
Enhancing Critical Digital Literacy

        EAL classrooms are spaces to build communicative competence in the English language. That language has a unique role for many people around the world. For those without financial resources who do not live in English dominant countries, the digital sphere is perhaps the only space in which authentic use of the language is likely to take place. For learners situated in inner circle countries, effective use of the language can make the difference between social, economic and political exclusion, or inclusion. This is also true for a lesser extent in outer circle countries. For those in expanding circle countries, English is becoming a language of the global elite in political, economic, and academic life. In all of these circles, it is often used as a lingua franca. Sociocultural theory states that true competence in encoding and decoding language can only exist when there is an understanding of the cultural realities attached to the communication when it is used. Digital media provide the vector of communication for a tremendous number of communicative acts in all of the circles, but communication in the digital medium carries special attributes that are not necessarily obvious or transparent. Therefore, it seems imperative to arm language users with an understanding of communication issues the digital realm as well as an understanding of the implication of communication in this space. Furthermore, there is an ethical responsibility to empower language users from a variety of background with equal agency and therefore equal voice. Doing so requires more than just technical skills, but also skills of critique and critical language awareness, productive ability, and an understanding of agency and rights claims that stretch from the linguistic to the economic and political. By reimagining Critical Language Awareness as a component of a multiliteracy approach that encompasses the full spectrum of analogue to digital communication in English, teachers, students, and policy makers can work toward making language studies as relevant, authentic, and empowering as possible. 

Adapted from: (PDF) English as an Additional Language: Enhancing Critical Digital Literacy (researchgate.net)
The adverb in “Furthermore, there is an ethical responsibility” can be replaced, without change in meaning, by
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Q2291647 Inglês
READ TEXT III AND ANSWER QUESTION

Text III

English as an Additional Language:
Enhancing Critical Digital Literacy

        EAL classrooms are spaces to build communicative competence in the English language. That language has a unique role for many people around the world. For those without financial resources who do not live in English dominant countries, the digital sphere is perhaps the only space in which authentic use of the language is likely to take place. For learners situated in inner circle countries, effective use of the language can make the difference between social, economic and political exclusion, or inclusion. This is also true for a lesser extent in outer circle countries. For those in expanding circle countries, English is becoming a language of the global elite in political, economic, and academic life. In all of these circles, it is often used as a lingua franca. Sociocultural theory states that true competence in encoding and decoding language can only exist when there is an understanding of the cultural realities attached to the communication when it is used. Digital media provide the vector of communication for a tremendous number of communicative acts in all of the circles, but communication in the digital medium carries special attributes that are not necessarily obvious or transparent. Therefore, it seems imperative to arm language users with an understanding of communication issues the digital realm as well as an understanding of the implication of communication in this space. Furthermore, there is an ethical responsibility to empower language users from a variety of background with equal agency and therefore equal voice. Doing so requires more than just technical skills, but also skills of critique and critical language awareness, productive ability, and an understanding of agency and rights claims that stretch from the linguistic to the economic and political. By reimagining Critical Language Awareness as a component of a multiliteracy approach that encompasses the full spectrum of analogue to digital communication in English, teachers, students, and policy makers can work toward making language studies as relevant, authentic, and empowering as possible. 

Adapted from: (PDF) English as an Additional Language: Enhancing Critical Digital Literacy (researchgate.net)
“Likely” in “language is likely to take place” indicates
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Q2291646 Inglês
READ TEXT III AND ANSWER QUESTION

Text III

English as an Additional Language:
Enhancing Critical Digital Literacy

        EAL classrooms are spaces to build communicative competence in the English language. That language has a unique role for many people around the world. For those without financial resources who do not live in English dominant countries, the digital sphere is perhaps the only space in which authentic use of the language is likely to take place. For learners situated in inner circle countries, effective use of the language can make the difference between social, economic and political exclusion, or inclusion. This is also true for a lesser extent in outer circle countries. For those in expanding circle countries, English is becoming a language of the global elite in political, economic, and academic life. In all of these circles, it is often used as a lingua franca. Sociocultural theory states that true competence in encoding and decoding language can only exist when there is an understanding of the cultural realities attached to the communication when it is used. Digital media provide the vector of communication for a tremendous number of communicative acts in all of the circles, but communication in the digital medium carries special attributes that are not necessarily obvious or transparent. Therefore, it seems imperative to arm language users with an understanding of communication issues the digital realm as well as an understanding of the implication of communication in this space. Furthermore, there is an ethical responsibility to empower language users from a variety of background with equal agency and therefore equal voice. Doing so requires more than just technical skills, but also skills of critique and critical language awareness, productive ability, and an understanding of agency and rights claims that stretch from the linguistic to the economic and political. By reimagining Critical Language Awareness as a component of a multiliteracy approach that encompasses the full spectrum of analogue to digital communication in English, teachers, students, and policy makers can work toward making language studies as relevant, authentic, and empowering as possible. 

Adapted from: (PDF) English as an Additional Language: Enhancing Critical Digital Literacy (researchgate.net)
The extract “For those in expanding circle countries, English is becoming a language of the global elite” means that in these contexts English
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Q2291643 Inglês
READ TEXT II AND ANSWER QUESTION

Text II



From: https://www.facebook.com/photo
In Text II, the verb that is similar in meaning to “made it up” is
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Q2291637 Inglês
READ TEXT I AND ANSWER QUESTION

Text I

English Language Learning In Brazil

        According to the BNCC1 , learning English enables students to engage and participate in a globalized and pluralistic world. It allows students to develop a critical mindset and exercise their citizenship rights while expanding the possibilities of interaction and mobility. In this sense, the BNCC outlines three critical implications for the English curriculum. The first is the globalized nature of English, in which the concepts of language, territory and culture are reconsidered since English speakers are no longer found only in countries where English is the official language. The second implication concerns broadening the definition of literacy, bringing the concept of “multi-literacies” to the Brazilian curriculum as students expand their linguistic knowledge, and English becomes a symbolic asset for Brazilians to express themselves in a different language. Finally, the third implication concerns different teaching approaches, which implies embracing the culture and traditions of the language, not only the formal grammatical standards, breaking with aspects related to “correctness”, “accuracy”, and “proficiency”.

        […]

        Even in a challenging context, it is clear that Brazil has made significant progress by approving a new and flexible curriculum for upper secondary schools and putting English mandatory in the standard part of the curriculum. However, major efforts are still required to ensure the smooth implementation of this reform, which the pandemic and the difficulties in coordination across the national and subnational levels have already hindered. 

1BNCC: Base Nacional Comum Curricular

Adapted from: https://www.thedialogue.org/analysis/english-language-learning-inbrazil/

 
In the excerpt “since English speakers are no longer found” (1st paragraph), “since” is used to
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Q2275209 Inglês
Text CG2A2

    A new study on physical activity that involved more than half a million participants over age 40 found that modest exercise increases life expectancy regardless of weight.
    Contrary to most of the attention given to obesity as the crucial risk factor for health, the study found that an active lifestyle increased life expectancy to a greater extent than a lower body mass index (BMI), in general. In fact, participants who were active but class 1 obese lived an average of 3.1 years longer than those who were at a normal weight but didn’t engage in physical activity. This is in-line with reports from earlier this year that excessive sitting is unhealthy and that reducing excessive sitting to less than 3 hours a day alone can improve longevity by 2.0 years.
    The article states low level of physical activity of moderate to vigorous intensity would confer a 1.8-year gain in life expectancy after age 40, compared with no activity. A low level of physical activity is defined as up to 75 minutes of fast walking per week.
    A consequence of this study is that it calls into question the reliance on BMI to assess fitness. That isn’t to suggest that BMI isn’t a factor, but that what we’ve heard for years in the media that being overweight is “bad” for you while exercise is “good” is a flawed message. A better message would be: Regular exercise is essential to longevity and a lower BMI helps too — do the first and the other will likely follow.

Internet:<singularityhub.com>  (adapted).

Concerning grammar and semantics in text CG2A2, judge the following item.


The phrase “didn’t engage in physical activity” (in the second sentence of the second paragraph) can be substituted with were sedentary without altering the intended message of the text.

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Q2275208 Inglês
Text CG2A2

    A new study on physical activity that involved more than half a million participants over age 40 found that modest exercise increases life expectancy regardless of weight.
    Contrary to most of the attention given to obesity as the crucial risk factor for health, the study found that an active lifestyle increased life expectancy to a greater extent than a lower body mass index (BMI), in general. In fact, participants who were active but class 1 obese lived an average of 3.1 years longer than those who were at a normal weight but didn’t engage in physical activity. This is in-line with reports from earlier this year that excessive sitting is unhealthy and that reducing excessive sitting to less than 3 hours a day alone can improve longevity by 2.0 years.
    The article states low level of physical activity of moderate to vigorous intensity would confer a 1.8-year gain in life expectancy after age 40, compared with no activity. A low level of physical activity is defined as up to 75 minutes of fast walking per week.
    A consequence of this study is that it calls into question the reliance on BMI to assess fitness. That isn’t to suggest that BMI isn’t a factor, but that what we’ve heard for years in the media that being overweight is “bad” for you while exercise is “good” is a flawed message. A better message would be: Regular exercise is essential to longevity and a lower BMI helps too — do the first and the other will likely follow.

Internet:<singularityhub.com>  (adapted).

Concerning grammar and semantics in text CG2A2, judge the following item.



The adverb “likely” (in the last sentence of the last paragraph) is a synonym for certainly.

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Q2264357 Inglês
Design Languages


     Just as spoken languages are the basis for our conversations with people, so design languages are the basis for our interactions with products and services. Spoken languages consist of words and rules of grammar. By analogy, design languages consist of design elements and guidelines for their combination. People use spoken language to express themselves. Product designers use design languages to design expressive objects. When a designer uses a design language to design a product, the resulting product expresses what it is, what it does, how it is to be used, and the experiences to which it has the potential to contribute. When people use a design language to use a product, the resulting experience of use is simple and straightforward. The best design languages take the design of experience on step further by making interactions between people and objects pleasant and continuously meaningful. Design languages play a very important role in the expression of the “unfolding of meaning” of objects. 

[Fonte: Usability, Paul S. Adler & Terry A. Winograd,
Oxford University Press, 1992, pg. 18]
Considerando a palavra straightforward presente no texto apresentado, assinale a alternativa que expressa adequadamente o seu significado nesse contexto.
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Q2257674 Inglês
E-9.025 Patient Advocacy for Change in Law and Policy

        Physicians may participate in individual acts, grassroots activities, or legally permissible collective action to advocate for change, as provided for in the AMA’s Principles of Medical Ethics. Whenever engaging in advocacy efforts, physicians ...12... ensure that the health of patients is not jeopardized and that patient care is not compromised.
        Formal unionization of physicians, and including physicians-in-training, may tie physicians’ obligations to the interests of workers who may not share physicians’ primary and overriding commitment to patients and the public health. Physicians should not form workplace alliances with those who do not share these ethical priorities.
        Strikes and other collective action may reduce access to care, eliminate or delay necessary care, and interfere with continuity of care. Each of these consequences raises ethical concerns. Physicians should refrain from the use of the strike as a bargaining tactic. In rare circumstances, individual or grassroots actions, such as brief limitations of personal availability, may be appropriate as a means of calling attention to needed changes in patient care. Physicians are cautioned that some actions may put them or their organizations at risk of violating antitrust laws. Consultation with legal counsel is advised.
        Physicians and physicians-in-training should press for needed reforms through the use of informational campaigns, non-disruptive public demonstrations, lobbying and publicity campaigns, and collective negotiation, or other options that do not jeopardize the health of patients or compromise patient care.

(Adapted from
htpp://www.ama-assn.org/ama1/pub/upload/mm/38/a-05ceja.pdf)
Um sinônimo para not jeopardized, no texto, é 
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Q2256154 Inglês
States Push Online Fitness Programs
By RICK CALLAHAN

        With obesity …22… across the nation, a growing number of states like Indiana are launching online initiatives to combat residents’ expanding waistlines. One such initiative is Indiana’s “10 in 10 Challenge,” an online program that commits participants to lose 10 pounds in 10 weeks. Proponents say online programs reach a vast audience, are relatively cheap and a quick way to let people know about upcoming fitness events and local resources.
        Action to curtail obesity is badly needed for Indiana, which consistently ranks among the top 10 most obese states, and is second, behind Kentucky, in the percentage of adults who smoke, said Eric Neuburger, executive director of the Governor’s Council on Physical Fitness and Sports.
        Indiana is far from alone – it’s one of 17 states where at least 25 percent of the population is obese, according to 2005 data from the Centers for Disease Control and Prevention.
        In a report released in August by the Trust for America’s Health, the public health advocacy group said research suggests the nation would save $5.6 billion a year in costs associated with treating heart disease if just one-tenth of Americans began walking regularly.
        Walking is one of the ideas behind Lighten Up Iowa, a Web-based four-month program that’s driven by teams who either track their minutes of activity, their weight-loss, or both. Now in its sixth year, the Iowa program has been so successful that 17 other states have modeled their own programs after it, capitalizing on the Internet’s vast reach and ability to connect people, helping them stay motivated, said the program’s coordinator, Deborah Martinez. Its sponsor, the nonprofit Iowa Sports Foundation, recently launched a national version, Lighten Up America.
        The federal health agency is trying to combat obesity more broadly with programs in 28 states that encourage fitness through efforts that include building sidewalks and walking trails, said Robin Hamre, team leader of a national nutrition and obesity prevention program at the CDC.
        Hamre hopes Congress will fund the program for all 50 states. With obesity striking Americans of all backgrounds, and surging in children, she said action is needed now.
        “We’re seeing the same thing in all age groups and all races. This is an equal opportunity epidemic,” she said.

(Adapted from
http://www.washingtonpost.com/wpdyn/content/article/2007/03/19/AR2007031900335.html)
Um sinônimo para badly, no texto, é 
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Q2254458 Inglês
Senate Passes Plan to Cut $35 Billion From Deficit

By Jonathan Weisman
Washington Post Staff Writer
Friday, November 4, 2005; A01

    The Senate approved sweeping deficit-reduction legislation last night that would save about $35 billion over the next five years by cutting federal spending on prescription drugs, agriculture supports and student loans, while clamping down on fraud in the Medicaid program.
     The measure would also open Alaska's Arctic National Wildlife Refuge to oil drilling, a long-sought goal of the oil industry that took a major step forward after years of political struggle. A bipartisan effort to strip the drilling provision narrowly failed.
    The Senate bill, which passed 52 to 47, is the first in nearly a decade to tackle the growth of entitlement spending, the part of the federal budget that rises automatically based on set formulas and population changes.
     It would shave payments to some farmers by 2.5 percent, while eliminating a major cotton support program and trimming agriculture conservation spending. A proposal to limit payments to rich farmers failed yesterday. The measure passed largely along party lines, with only two Democrats voting for it and five Republicans voting against it.
     Yesterday's action is part of an effort by congressional Republicans to demonstrate fiscal discipline after widespread complaints of profligate spending on Capitol Hill. ....51.... many Democrats and some moderate Republicans are concerned that the effort may go too far, prominent Republicans in the Senate and House said the cuts were necessary to slow the rate of spending and control a deficit projected to total $314 billion by the end of the fiscal year.
      During a speech yesterday, former House majority leader Tom Delay (R-Tex) repeatedly apologized for excessive spending by Congress, including recent highway legislation that was ....52.... with lawmakers’ pet projects. After noting that House Republicans have voted to cut taxes every year since winning the majority in 1994, DeLay acknowledged, “Our record on spending has not been as consistent, ....53.... .”

(Adapted from washingtonpost.com)
No 3o parágrafo, nearly pode ser substituído, sem alteração de sentido, por
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Q2248473 Inglês

What life in medieval Europe was really like


      A time of innovation, philosophy, and legendary works of art: the realities of the medieval period (500 to 1500 C.E.) in Europe may surprise you. Many know the years before the Renaissance and _________________ that followed as Europe’s “Dark Ages,” a time of backward, slovenly, and brutal people who were technologically primitive and hopelessly superstitious.

     Sure, it would take until the 19th century for the germ theory of disease to overtake the concept of humors and “miasmas” that could damage human health. But the ___________ image of medieval people as slovenly, unwashed, and lacking hygiene is false. In fact, both indoor and outdoor bathing were beloved in Europe. People not only made and used soap at home, but they frequented bathhouses—some public, some private, some merely fronts for brothels.

      A myth persists that during the Middle Ages, the unenlightened believed Earth was flat and worried that ships might even fall off the planet’s edge. That’s patently false: People knew the planet was a sphere as far back as ancient Greece (12th to 9th centuries B.C.), and had relatively complex astronomical and planetary ______________ by the time Christopher Columbus made his voyage to the Americas in 1492.

      The so-called “Dark Ages” is a myth historians have spent years trying to disprove. The myth seems to stem from some authors’ use of “dark” to refer to everything from a 14th-century poet’s complaints about the quality of local literature to a 17th-century historian’s failed attempt to find historical sources from centuries earlier.


(Fonte: National Geographic — adaptado.)
The underlined word in "A fluffy cat curled up on the cozy blanket.” can be substituted, without loss of meaning, by:
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Ano: 2003 Banca: FCC Órgão: CVM Prova: FCC - 2003 - CVM - Inspetor |
Q2244804 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 ...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)
In the text, an adequate synonym for prior to is 
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Q2243143 Inglês

                                       The intrigue behind the Bermuda Triangle


       On a sunny day nearly 80 years ago, five Navy planes took off from their base in Florida on a _________ training mission, known as Flight 19. Neither the planes nor the crew were ever seen again. Thus was a legend born. The Bermuda Triangle is an area roughly bounded by Miami, Bermuda, and Puerto Rico. No one keeps statistics, but in the last century, numerous ships and planes have simply vanished without a trace within the imaginary triangle.

       The disappearances have been attributed to the machinations of enormous sea monsters, giant squid, or extra-terrestrials. Alien abductions, the existence of a mysterious third dimension created by unknown beings, and ocean flatulence—the ocean suddenly spewing great quantities of trapped methane—have all been suggested as culprits.

       The reality, say many, is far more prosaic. They argue that a sometimes treacherous Mother Nature, human error, shoddy __________________ or design, and just plain bad luck can explain the many disappearances.

       "The region is highly traveled and has been a busy crossroads since the early days of European exploration," said John Reilly, a historian with the U.S. Naval Historical Foundation. "To say quite a few ships and airplanes have gone down there is like saying there are an ________ lot of car accidents on the New Jersey Turnpike—surprise, surprise."


(Fonte: National Geographic. — adaptado.)

The underlined word in the 3rd paragraph can be replaced, without loss of meaning, by:
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Ano: 2003 Banca: FCC Órgão: CVM Prova: FCC - 2003 - CVM - Analista - Sistemas |
Q2241608 Inglês
The hard cell

Thanks to politics, stem cell research in the United States is suffering. But not so in Sweden, which is poised to capture what could be the biggest new market to hit biotech in a decade.

By Stephan Herrera
February 13, 2003

New York, January 1, 2006:
Sweden announces that one of its biotechnology companies is the first in the world to enter clinical trials with a new drug that could cure Alzheimer's disease. Four years ago this type of research was all but stopped in the United States by political and ethical questions − which is ....58.... Sweden now seems in the best position to capture a $25 billion market.

    Any day now, the U.S. Congress is expected to pass a sweeping new law that could dramatically inhibit researchers from working with stem cells taken from human embryos. Such cells, which can be used to grow a whole host of new cells and organs, could fundamentally change the way we treat heretofore intractable maladies like Alzheimer's disease, Parkinson's disease, cancer, stroke, liver failure, and heart disease. The only problem is that these cells by definition are derived from human embryos, many of which are cloned or come from unused fetuses collected at fertility clinics. The argument, from a certain segment of the American political spectrum, is that ....59.... methods are morally wrong. They are ....60.... a form of abortion or an activity that could eventually lead to human cloning.

    Those working in stem cell research say the short-term effect of the legislation will be to further chill all forms of scientific inquiry and commercialization efforts in the field. Entrepreneurs and investors are already eschewing such research − in large part because of the additional uncertainty and risk that politics introduce.

    Of the nearly 50 private stem cell companies in the United States, only a handful are still viable. Meanwhile, across the Atlantic, Sweden has avoided many of the political and ethical quagmires surrounding this type of research. It currently has 40 private stem cell companies, a number that's growing. Sweden's leading research universities have 32 percent of the world's stem cell inventory, close on the heels of the United States' 35 percent.

     Sweden, say analysts, is now in the best position to capture a worldwide market for drugs based on stem cell therapies that could grow to $25 billion in the next three to five years − nearly equal to the whole biotech industry at present. This estimate doesn't even address the market for stem cells capable of repairing damaged vital organs like the brain, heart, and kidneys. If the United States offers an object lesson of what can happen when scientific inquiry and investment capital fall victim to politics, Sweden and its leading stem cell startup, NeuroNova, offer the opposite example. How odd that the United States, which for generations has been the envy of the world for its progressive views of science and commercialization, should now have a biomedical climate chillier than a Swedish winter.

    One company feeling a lot of pain is StemCells, which at first glance seems to have it all: founding scientists include Stanford's Dr. Weissman and Fred Gage of the Salk Institute in La Jolla, California. An equally well-regarded expert in the treatment of Alzheimer's, Dr. Gage spent five years in Sweden as a researcher and now sits on a national committee on stem cell research there. The firm's chairman is Roger Perlmutter, Amgen's head of research.
   
   Yet over the past two years, none of management's efforts to help investors and even critics reconsider the stem cell field have worked. At press time, the stock was thinly traded and sitting in the neighborhood of 50 cents. With less than $15 million in cash, the company likely won't exist at this time next year. (CEO Martin McGlynn, who joined the firm in January 2001, would not talk to Red Herring, despite repeated efforts.)

    Some observers on Wall Street are asking, If StemCells can't make it, who can? Geron, the only other publicly held stem cell firm to speak of, is in a fix, too. The company's stock price is also moribund, at $3.85 per share. Thanks to some capital infusions a few years ago, when money came easy, Geron still has $40 million on hand, but by the end of next year, that too will likely be gone. Once a media darling, Geron focuses on diagnostic tests and drugs derived from stem cells, a strategy that's not going well. For the nine months ended last September, revenue fell 68 percent to $955,000 and net loss widened 18 percent to $26.7 million. The company's financials were also hit hard after it terminated an agreement with Pharmacia and acquired research technology from Lynx Therapeutics, which Geron bought in a desperate attempt to be seen as something more than just a stem cell company.

    The situation is quite different, however, for Sweden's NeuroNova, which has 30 academic partners and a staff of 20. NeuroNova is working on ways to inject stem cells into the human brain to trigger a process called neurogenesis (the growth of new neural cells), which could combat diseases like Parkinson's, Alzheimer's, and even schizophrenia.

     If NeuroNova is the first to develop a drug capable of treating one of several central nervous system disorders − by far the most lucrative after heart disease products − it will have done so not because it raised more money or got more media buzz than the rest. It will have succeeded because the science is solid, and academe, government, and the investment community are supportive. Meanwhile, the United States will look on with envy and wonder how it, a country known for its entrepreneurial innovation, ever got so short-sighted.

(Adapted from http://www.redherring.com/investor/2003/02/biotech021303.html)
A synonym for odd would be: 
Alternativas
Ano: 2003 Banca: FCC Órgão: CVM Prova: FCC - 2003 - CVM - Analista - Sistemas |
Q2241605 Inglês
The hard cell

Thanks to politics, stem cell research in the United States is suffering. But not so in Sweden, which is poised to capture what could be the biggest new market to hit biotech in a decade.

By Stephan Herrera
February 13, 2003

New York, January 1, 2006:
Sweden announces that one of its biotechnology companies is the first in the world to enter clinical trials with a new drug that could cure Alzheimer's disease. Four years ago this type of research was all but stopped in the United States by political and ethical questions − which is ....58.... Sweden now seems in the best position to capture a $25 billion market.

    Any day now, the U.S. Congress is expected to pass a sweeping new law that could dramatically inhibit researchers from working with stem cells taken from human embryos. Such cells, which can be used to grow a whole host of new cells and organs, could fundamentally change the way we treat heretofore intractable maladies like Alzheimer's disease, Parkinson's disease, cancer, stroke, liver failure, and heart disease. The only problem is that these cells by definition are derived from human embryos, many of which are cloned or come from unused fetuses collected at fertility clinics. The argument, from a certain segment of the American political spectrum, is that ....59.... methods are morally wrong. They are ....60.... a form of abortion or an activity that could eventually lead to human cloning.

    Those working in stem cell research say the short-term effect of the legislation will be to further chill all forms of scientific inquiry and commercialization efforts in the field. Entrepreneurs and investors are already eschewing such research − in large part because of the additional uncertainty and risk that politics introduce.

    Of the nearly 50 private stem cell companies in the United States, only a handful are still viable. Meanwhile, across the Atlantic, Sweden has avoided many of the political and ethical quagmires surrounding this type of research. It currently has 40 private stem cell companies, a number that's growing. Sweden's leading research universities have 32 percent of the world's stem cell inventory, close on the heels of the United States' 35 percent.

     Sweden, say analysts, is now in the best position to capture a worldwide market for drugs based on stem cell therapies that could grow to $25 billion in the next three to five years − nearly equal to the whole biotech industry at present. This estimate doesn't even address the market for stem cells capable of repairing damaged vital organs like the brain, heart, and kidneys. If the United States offers an object lesson of what can happen when scientific inquiry and investment capital fall victim to politics, Sweden and its leading stem cell startup, NeuroNova, offer the opposite example. How odd that the United States, which for generations has been the envy of the world for its progressive views of science and commercialization, should now have a biomedical climate chillier than a Swedish winter.

    One company feeling a lot of pain is StemCells, which at first glance seems to have it all: founding scientists include Stanford's Dr. Weissman and Fred Gage of the Salk Institute in La Jolla, California. An equally well-regarded expert in the treatment of Alzheimer's, Dr. Gage spent five years in Sweden as a researcher and now sits on a national committee on stem cell research there. The firm's chairman is Roger Perlmutter, Amgen's head of research.
   
   Yet over the past two years, none of management's efforts to help investors and even critics reconsider the stem cell field have worked. At press time, the stock was thinly traded and sitting in the neighborhood of 50 cents. With less than $15 million in cash, the company likely won't exist at this time next year. (CEO Martin McGlynn, who joined the firm in January 2001, would not talk to Red Herring, despite repeated efforts.)

    Some observers on Wall Street are asking, If StemCells can't make it, who can? Geron, the only other publicly held stem cell firm to speak of, is in a fix, too. The company's stock price is also moribund, at $3.85 per share. Thanks to some capital infusions a few years ago, when money came easy, Geron still has $40 million on hand, but by the end of next year, that too will likely be gone. Once a media darling, Geron focuses on diagnostic tests and drugs derived from stem cells, a strategy that's not going well. For the nine months ended last September, revenue fell 68 percent to $955,000 and net loss widened 18 percent to $26.7 million. The company's financials were also hit hard after it terminated an agreement with Pharmacia and acquired research technology from Lynx Therapeutics, which Geron bought in a desperate attempt to be seen as something more than just a stem cell company.

    The situation is quite different, however, for Sweden's NeuroNova, which has 30 academic partners and a staff of 20. NeuroNova is working on ways to inject stem cells into the human brain to trigger a process called neurogenesis (the growth of new neural cells), which could combat diseases like Parkinson's, Alzheimer's, and even schizophrenia.

     If NeuroNova is the first to develop a drug capable of treating one of several central nervous system disorders − by far the most lucrative after heart disease products − it will have done so not because it raised more money or got more media buzz than the rest. It will have succeeded because the science is solid, and academe, government, and the investment community are supportive. Meanwhile, the United States will look on with envy and wonder how it, a country known for its entrepreneurial innovation, ever got so short-sighted.

(Adapted from http://www.redherring.com/investor/2003/02/biotech021303.html)
Para responder à questão, assinale, na folha de respostas, a letra correspondente a alternativa que preenche corretamente a lacuna do texto apresentado (....60....). 
Alternativas
Ano: 2003 Banca: FCC Órgão: CVM Prova: FCC - 2003 - CVM - Analista - Sistemas |
Q2241599 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 ....51.... a call auction allows supply and demand to be aggregated (at one location) prior to the start of trading. ....52.... , Nasdaq is a quote-driven market. Dealers can only specify their best quotes, and participants have ....53.... 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)
In the text, an adequate synonym for major is
Alternativas
Q2240733 Inglês
Which option best fills out the gap in line 14?
Alternativas
Respostas
121: A
122: B
123: C
124: D
125: B
126: A
127: A
128: C
129: E
130: B
131: A
132: B
133: C
134: C
135: D
136: A
137: E
138: B
139: E
140: D