XDF P12 Federal efforts to aid minority businesses最后一段看不明白
PASSAGE 12
*Federal efforts to aid minority businesses began in the 1960's when the Small Business Administration
SBA)began making federally guaranteed loans and govern-ment-sponsored management and technical assistance
5) available to minority business enterprises. While this program enabled many minority entrepreneurs to form new businesses, the results were disappointing,since managerial inexperience, unfavorable locations,and capital shortages led to high failure rates. Even 15
10) years after the program was implemented, minority business receipts were not quite two percent of the national economy's total receipts.
* Recently federal policymakers have adopted an approach intended to accelerate development of the
15) minority business sector by moving away from directly aiding small minority enterprises and toward supporting larger, growth-oriented minority firms through interme-diary companies. In this approach, large corporationsparticipate in the development of successful and stable
20) minority businesses by making use of government-sponsored venture capital. The capital is used by a participating company to establish a Minority Enterprise Small Business Investment Company or MESBIC. The MESBIC then provides capital and guidance to minority
25) businesses that have potential to become future suppliers or customers of the sponsoring company.
* MESBIC's are the result of the belief that providingestablished firms with easier access to relevant manage-ment techniques and more job-specific experience, as
30) well as substantial amounts of capital, gives those firms a greater opportunity to develop sound business founda-tions than does simply making general management experience and small amounts of capital available.Further, since potential markets for the minority busi-
35) nesses already exist through the sponsoring companies, the minority businesses face considerably less risk in terms of location and market fluctuation. Following early financial and operating problems, sponsoring corporations began to capitalize MESBIC's far above
40)the legal minimum of $500,000 in order to generate sufficient income and to sustain the quality of manage-ment needed. MESBIC'c are now emerging as increas-ingly important financing sources for minority enter-prises.
*
45) Ironically, MESBIC staffs, which usually consist of Hispanic and Black professionals, tend to approach investments in minority firms more pragmatically than do many MESBIC directors, who are usually senior managers from sponsoring corporations. The latter
50) often still think mainly in terms of the "social responsi-bility approach" and thus seem to prefer deals that are riskier and less attractive than normal investment criteria would warrant. Such differences in viewpoint have pro-duced uneasiness among many minority staff members,
55) who feel that minority entrepreneurs and businesses should be judged by established business considerations. These staff members believe their point of view is closer to the original philosophy of MESBIC's and they are concerned that, unless a more prudent course is fol-lowed, MESBIC directors may revert to policies likely to re-create the disappointing results of the original SBA approach.
这段话在做题时不得不看了好几遍还是感觉没什么明白，对应的题也作错了。
我的理解是这样子：来自大公司的主管觉得对于他们来说扶持少数民族企业是社会义务，因此总是照顾那些其实风险很高回报很小的业务。但是少数民族企业的员工反对这个做法，因为他们觉得这么做的话有违MESBIC的本意，而且会导致跟SBA一样的下场。
但是感觉没有包含足够的信息来推出下面这道题的答案。请nn帮忙分析一下。谢谢了！
5. Based on information in the passage, which of the following would be indicative of the pragmatism of MESBIC staff members?Ⅰ. A reluctance to invest in minority businesses that show marginal expectations of return on the investments Ⅱ. A desire to invest in minority businesses that produce goods and services likely to be of use to the sponsoring company Ⅲ. A belief that the minority business sector is best served by investing primarily in newly established businesses
(A)Ⅰonly
(B) Ⅲ only
(C)Ⅰand Ⅱ only
(D)Ⅱ and Ⅲ only
(E)Ⅰ,Ⅱ and Ⅲ
答案为C。
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