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One ( ) another, leading Japanese companies have revised downward their earnings projections for the year ( ) March. We wonder how many corporate executives ( ) predicted only six months ago that their firms ( ) report a drastic business deterioration. Business performances are worsening both rapidly and substantially, regardless ( ) the type of industry. This has been particularly ( ) since last autumn. Many companies have seen their sales and profits ( ) -a drop as precipitous as falling off a cliff. And since the turn of the year, many have realized that their operations would only result in ( ) losses.

1. a. before b. toward c. on c. after
2. a. ending b. to end c. ended d. end
3. a. could be b. would have c. could have d. would be
4. a. will b. should c. may d. would
5. a. in b. on c. of d. at
6. a. noticing b. noticeable c. noticeably d. noticingly
7. a. plunging b. plunged c. to plunge d. plunge
8. a. further b. much c. far d. very

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