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Since it has become known that several of a bank's ' top

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Since it has become known that several of a bank's ' top [#permalink] New post 19 Aug 2009, 14:05
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

33% (03:10) correct 67% (01:41) wrong based on 22 sessions
Since it has become known that several of a bank's ' top executives have been buying shares in their own bank, the bank's depositors, who had been worried by rumors that the bank faced-impending financial collapse, have been greatly relieved. They reason that, since top executives evidently have faith in the bank's financial soundness, those worrisome rumors must be false. Such reasoning might well be overoptimistic, however, since corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health.

In the argument given, the two boldfaced portions play which of the following roles?
(A) The first describes evidence that has been taken as supporting a conclusion; the second gives a reason for questioning that support.
(B) The first describes evidence that has been taken as supporting a conclusion; the second states a contrary conclusion that is the main conclusion of the argument.
(C) The first provides evidence in support of the main conclusion of the argument; the second states that conclusion.
(D) The first describes the circumstance that the argument as a whole seeks to explain; the second gives the explanation that the argument seeks to establish.
(E) The first describes the circumstance that the argument as a whole seeks to explain; the second provides evidence in support of the explanation that the argument seeks to establish.

Other type of this question exists but this is another version. Please explain in a detailed way.Nice explanation will be appreciated with kudos :)) . OA after explanations.
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Re: bank's ' top executives- bold cr [#permalink] New post 19 Aug 2009, 17:40
perfectstranger wrote:
Since it has become known that several of a bank's ' top executives have been buying shares in their own bank, the bank's depositors, who had been worried by rumors that the bank faced-impending financial collapse, have been greatly relieved. They reason that, since top executives evidently have faith in the bank's financial soundness, those worrisome rumors must be false. Such reasoning might well be overoptimistic, however, since corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health.

In the argument given, the two boldfaced portions play which of the following roles?
(A) The first describes evidence that has been taken as supporting a conclusion; the second gives a reason for questioning that support.
(B) The first describes evidence that has been taken as supporting a conclusion; the second states a contrary conclusion that is the main conclusion of the argument.
(C) The first provides evidence in support of the main conclusion of the argument; the second states that conclusion.
(D) The first describes the circumstance that the argument as a whole seeks to explain; the second gives the explanation that the argument seeks to establish.
(E) The first describes the circumstance that the argument as a whole seeks to explain; the second provides evidence in support of the explanation that the argument seeks to establish.

Other type of this question exists but this is another version. Please explain in a detailed way.Nice explanation will be appreciated with kudos :)) . OA after explanations.


Answer is A. Conclusion is that the rumours are false, first statement stays as a support to the conclusion however the second bold statement questions the support
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Re: bank's ' top executives- bold cr [#permalink] New post 19 Aug 2009, 22:31
Either A or B.

The first bold statement suports the intermediate conclusion made by the People that bank is safe. While the second bold statement preceeded by "Such reasoning might well be overoptimistic" contradicts the previous conclusion of the people.

IMO B
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Re: bank's ' top executives- bold cr [#permalink] New post 19 Aug 2009, 23:05
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I also think that the answer should be A. Here's my line of reasoning


Premise 1: several of a bank's ' top executives have been buying shares in their own bank
Sub-conclusion: the bank's depositors have been greatly relieved

Premise 2: top executives evidently have faith in the bank's financial soundness
Sub-conclusion: those worrisome rumors must be false

conclusion and MP: Such reasoning might well be overoptimistic
Premise 3 that supports the main conclusion: corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health

IMO the main point is that the reasoning is not good. So what the argument seeks to establish is that the bank's depositors wrongly assumed that several top executives have been buying shares in their own bank because they have faith in the bank's financial soundness

taking a look at the answer choices

A) The first describes evidence that has been taken as supporting a conclusion; the second gives a reason for questioning that support.

This seems to fit with the structure of the passage. The first bold face statement support the conclusion that top executives have been buying shares in their own bank because they have faith in the bank

B) The first describes evidence that has been taken as supporting a conclusion; the second states a contrary conclusion that is the main conclusion of the argument.
The second bold face statement is not a conclusion, so we can rule this one out.

C) The first provides evidence in support of the main conclusion of the argument; the second states that conclusion
second is not a conclusion but rather a premise. We can rule out this one as well.

D) The first describes the circumstance that the argument as a whole seeks to explain; the second gives the explanation that the argument seeks to establish.

What the argument seeks to explain is that bank's depositors wrongly drew their conclusion and this is not mentioned in the first bold statement.

E) The first describes the circumstance that the argument as a whole seeks to explain; the second provides evidence in support of the explanation that the argument seeks to establish.

Same reasoning as in D.
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Re: bank's ' top executives- bold cr [#permalink] New post 19 Aug 2009, 23:48
i go with D.

1st point: Buying of shares >> bank is strong
2nd point: buying of shares >> dispels negative rumors.
Conclusion: Reasoning is overly optimistic.

1st BF: describes a situation in question, with 1st and 2nd point as possible contributing reasons.

2nd BF: is 2nd point (counters 1st point) to support the Conclusion.
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Re: bank's ' top executives- bold cr [#permalink] New post 20 Aug 2009, 02:56
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OA :
[Reveal] Spoiler:
A

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Re: bank's ' top executives- bold cr [#permalink] New post 20 Aug 2009, 09:31
perfectstranger wrote:
OA :
[Reveal] Spoiler:
A


cool
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Re: bank's ' top executives- bold cr [#permalink] New post 20 Aug 2009, 09:31
perfectstranger wrote:
OA :
[Reveal] Spoiler:
A


good exercise...keep posting
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Re: bank's ' top executives- bold cr [#permalink] New post 20 Aug 2009, 10:03
A too...
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Re: bank's ' top executives- bold cr [#permalink] New post 05 Dec 2009, 22:17
What was the OA on this? Can not see it???
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Re: bank's ' top executives- bold cr [#permalink] New post 18 Jun 2011, 23:51
mikeCoolBoy wrote:
I also think that the answer should be A. Here's my line of reasoning


Premise 1: several of a bank's ' top executives have been buying shares in their own bank
Sub-conclusion: the bank's depositors have been greatly relieved

Premise 2: top executives evidently have faith in the bank's financial soundness
Sub-conclusion: those worrisome rumors must be false

conclusion and MP: Such reasoning might well be overoptimistic
Premise 3 that supports the main conclusion: corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health

IMO the main point is that the reasoning is not good. So what the argument seeks to establish is that the bank's depositors wrongly assumed that several top executives have been buying shares in their own bank because they have faith in the bank's financial soundness

taking a look at the answer choices

A) The first describes evidence that has been taken as supporting a conclusion; the second gives a reason for questioning that support.

This seems to fit with the structure of the passage. The first bold face statement support the conclusion that top executives have been buying shares in their own bank because they have faith in the bank

B) The first describes evidence that has been taken as supporting a conclusion; the second states a contrary conclusion that is the main conclusion of the argument.
The second bold face statement is not a conclusion, so we can rule this one out.

C) The first provides evidence in support of the main conclusion of the argument; the second states that conclusion
second is not a conclusion but rather a premise. We can rule out this one as well.

D) The first describes the circumstance that the argument as a whole seeks to explain; the second gives the explanation that the argument seeks to establish.

What the argument seeks to explain is that bank's depositors wrongly drew their conclusion and this is not mentioned in the first bold statement.

E) The first describes the circumstance that the argument as a whole seeks to explain; the second provides evidence in support of the explanation that the argument seeks to establish.

Same reasoning as in D.


You cracked it man
and this reflects how you would have gotten a 730 :) :)
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Re: bank's ' top executives- bold cr [#permalink] New post 13 Sep 2011, 07:42
A...
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Re: bank's ' top executives- bold cr [#permalink] New post 14 Sep 2011, 04:49
I went with A. Good that it's OA :)
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Re: Since it has become known that several of a bank's ' top [#permalink] New post 26 Dec 2012, 21:11
I'm sorry but why is the second bold faced not a conclusion?

I picked B because I believe it is a conclusion.

The OG says "the second statement is not offered as a conclusion - no evidence is given for it; rather it is the evidence for something else"

I'm trying to understand the full context of this sentence and am I hold true that for a statement to be a conclusion, there has to be evidence to support it?

I guess looking back at the statement, there is nothing additional that supports it, it is just a statement of fact.

If this is the case, what in bloody hell is the conclusion then?
Re: Since it has become known that several of a bank's ' top   [#permalink] 26 Dec 2012, 21:11
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