Find all School-related info fast with the new School-Specific MBA Forum

It is currently 18 Apr 2014, 06:00

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Smith argued that recreational equipment owned in common by

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
Joined: 21 May 2011
Posts: 242
Followers: 0

Kudos [?]: 52 [0], given: 8

Smith argued that recreational equipment owned in common by [#permalink] New post 06 Aug 2011, 20:13
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

51% (02:32) correct 48% (02:04) wrong based on 39 sessions
Smith argued that recreational equipment owned in common by community members would always be used less carefully than would private recreational equipment. Each member would have an incentive to overuse the equipment and leave any damage unreported because the benefit would accrue to the individual, while the costs of maintaining, repairing, and replacing the equipment would be spread among all users. But a study comparing 200 sailboats owned cooperatively by the Bayside Recreation League and 370 sailboats owned privately showed that the recreation league sailboats were in better condition.

Which of the following, if true and known by the Bayside members, would best help explain the results of the study?

With private sailboats, both the costs and the benefits of avoiding any repairs fall to the individual owner.
For boats that are used by many different people, it is difficult to attribute the costs of maintenance and repair to the wear and tear caused by any individual user.
Routine inspections and repairs of recreation league sailboats are conducted during the winter months, not during the May – September sailing season.
If one Bayside member causes even minor damage to a sailboat without paying for the repair, other members will do so even more, and the costs to each user will outweigh the benefits.
There are many more private sailboats than cooperatively-owned sailboats.
Director
Director
Status: Prep started for the n-th time
Joined: 29 Aug 2010
Posts: 708
Followers: 5

Kudos [?]: 92 [0], given: 37

GMAT Tests User
Re: CR - 700 level - sailboat [#permalink] New post 06 Aug 2011, 20:29
D for me.

crick
Manager
Manager
Joined: 21 May 2011
Posts: 242
Followers: 0

Kudos [?]: 52 [0], given: 8

Re: CR - 700 level - sailboat [#permalink] New post 07 Aug 2011, 09:15
Conclusion: Publicly owned things are in better condition than privately owned
Evidence: study supports the numbers, maintenance cost would be spread across all members

which of the following if true... would best explain... means this is an assumption question.

What is unstated - that the rising maintenance costs will prevent public users from damaging the boats further

Ans. D supports the argument well.
Manager
Manager
Joined: 16 May 2011
Posts: 205
Concentration: Finance, Real Estate
GMAT Date: 12-27-2011
WE: Law (Law)
Followers: 0

Kudos [?]: 26 [0], given: 37

GMAT ToolKit User GMAT Tests User
Re: CR - 700 level - sailboat [#permalink] New post 07 Aug 2011, 10:59
With private sailboats, both the costs and the benefits of avoiding any repairs fall to the individual owner. THERE IS NO COMPARISON BETWEEN PRIVATE AND GROUP. HENCE IT CAN NOT SUPPLY ANSWER TO WHY GROUP (G)> PRIVATE (P)
For boats that are used by many different people, it is difficult to attribute the costs of maintenance and repair to the wear and tear caused by any individual user. SO IF IT DIFFICULT THAN G MEMBERS COULD DAMAGE BOATS WITHOUT ANY NEED TO PAY FOR REPARINIG THEM. WHICH MEANS THAT IN THAT CASE P>G
Routine inspections and repairs of recreation league sailboats are conducted during the winter months, not during the May – September sailing season.NOT HOING ANY RELATION BETWEEN G AND P AND OUT OF SCOPE.
If one Bayside member causes even minor damage to a sailboat without paying for the repair, other members will do so even more, and the costs to each user will outweigh the benefits. COMPARES BETWEEN G AND P AND EXPLAINS Y G>P. IF COST OF HOLDING A BOAT IN G CAN OUTWIGHT THE BENEFITS THAN IT IS POSSIBLE THAT MEMBERS OF G KEEPS THE BOAT IN BETTER POSITION THAN P.
There are many more private sailboats than cooperatively-owned sailboats. THE RESOLVING SHOULD BE DERIVED FROM THE QUESTION (200/370)AND NOT FROM THE TOTAL NUMBERS.
Manager
Manager
User avatar
Status: Applying for 2012 B school admissions
Joined: 25 Jul 2010
Posts: 131
Location: India
Concentration: Strategy, Entrepreneurship
GMAT 1: 720 Q51 V35
GMAT 2: 760 Q50 V44
GPA: 3.6
WE: Manufacturing and Production (Pharmaceuticals and Biotech)
Followers: 9

Kudos [?]: 37 [0], given: 32

Re: CR - 700 level - sailboat [#permalink] New post 10 Aug 2011, 23:56
+1 D
_________________

cheers
Mayank
My GMAT Journey: 720 + dare = 760

Intern
Intern
Joined: 07 May 2011
Posts: 42
GMAT 1: Q V
GMAT 2: Q V
Followers: 0

Kudos [?]: 8 [0], given: 11

Re: Smith argued that recreational equipment owned in common by [#permalink] New post 06 Dec 2012, 18:30
This one was tricky and went with E.

bschool83 wrote:
Smith argued that recreational equipment owned in common by community members would always be used less carefully than would private recreational equipment. Each member would have an incentive to overuse the equipment and leave any damage unreported because the benefit would accrue to the individual, while the costs of maintaining, repairing, and replacing the equipment would be spread among all users. But a study comparing 200 sailboats owned cooperatively by the Bayside Recreation League and 370 sailboats owned privately showed that the recreation league sailboats were in better condition.

Which of the following, if true and known by the Bayside members, would best help explain the results of the study?

With private sailboats, both the costs and the benefits of avoiding any repairs fall to the individual owner.
For boats that are used by many different people, it is difficult to attribute the costs of maintenance and repair to the wear and tear caused by any individual user.
Routine inspections and repairs of recreation league sailboats are conducted during the winter months, not during the May – September sailing season.
If one Bayside member causes even minor damage to a sailboat without paying for the repair, other members will do so even more, and the costs to each user will outweigh the benefits.
There are many more private sailboats than cooperatively-owned sailboats.
Manager
Manager
Joined: 14 Jun 2011
Posts: 85
Followers: 2

Kudos [?]: 6 [0], given: 15

CAT Tests
Re: Smith argued that recreational equipment owned in common by [#permalink] New post 30 Aug 2013, 23:11
Reopening the question for further discussion. I am confused between option C and D.

Smith argued that recreational equipment owned in common by community members would always be used less carefully than would private recreational equipment. Each member would have an incentive to overuse the equipment and leave any damage unreported because the benefit would accrue to the individual, while the costs of maintaining, repairing, and replacing the equipment would be spread among all users. But a study comparing 200 sailboats owned cooperatively by the Bayside Recreation League and 370 sailboats owned privately showed that the recreation league sailboats were in better condition.

Which of the following, if true and known by the Bayside members, would best help explain the results of the study?

With private sailboats, both the costs and the benefits of avoiding any repairs fall to the individual owner.
For boats that are used by many different people, it is difficult to attribute the costs of maintenance and repair to the wear and tear caused by any individual user.
Routine inspections and repairs of recreation league sailboats are conducted during the winter months, not during the May – September sailing season.
If one Bayside member causes even minor damage to a sailboat without paying for the repair, other members will do so even more, and the costs to each user will outweigh the benefits.
There are many more private sailboats than cooperatively-owned sailboats.
_________________

Kudos always encourages me

Manager
Manager
Status: Persevering
Joined: 15 May 2013
Posts: 219
Location: India
Concentration: Technology, Leadership
GMAT Date: 08-02-2013
GPA: 3.7
WE: Consulting (Consulting)
Followers: 0

Kudos [?]: 43 [0], given: 34

GMAT ToolKit User
Re: Smith argued that recreational equipment owned in common by [#permalink] New post 31 Aug 2013, 07:27
swati007 wrote:
Reopening the question for further discussion. I am confused between option C and D.

Smith argued that recreational equipment owned in common by community members would always be used less carefully than would private recreational equipment. Each member would have an incentive to overuse the equipment and leave any damage unreported because the benefit would accrue to the individual, while the costs of maintaining, repairing, and replacing the equipment would be spread among all users. But a study comparing 200 sailboats owned cooperatively by the Bayside Recreation League and 370 sailboats owned privately showed that the recreation league sailboats were in better condition.

Which of the following, if true and known by the Bayside members, would best help explain the results of the study?

With private sailboats, both the costs and the benefits of avoiding any repairs fall to the individual owner.
For boats that are used by many different people, it is difficult to attribute the costs of maintenance and repair to the wear and tear caused by any individual user.
Routine inspections and repairs of recreation league sailboats are conducted during the winter months, not during the May – September sailing season.
If one Bayside member causes even minor damage to a sailboat without paying for the repair, other members will do so even more, and the costs to each user will outweigh the benefits.
There are many more private sailboats than cooperatively-owned sailboats.


This is solved largely by POE.
It cannot be c because the time period of repairs is irrelevant here.
Option d however, is correct because it explains why other members would cause less damage as it is in their best interest. Hence, sailboat owned by Bayside recreation league are in better shape.
_________________

--It's one thing to get defeated, but another to accept it.

Manager
Manager
User avatar
Joined: 20 Jul 2012
Posts: 122
Location: India
Followers: 1

Kudos [?]: 22 [0], given: 197

Re: Smith argued that recreational equipment owned in common by [#permalink] New post 01 Sep 2013, 11:10
bschool83 wrote:
Smith argued that recreational equipment owned in common by community members would always be used less carefully than would private recreational equipment. Each member would have an incentive to overuse the equipment and leave any damage unreported because the benefit would accrue to the individual, while the costs of maintaining, repairing, and replacing the equipment would be spread among all users. But a study comparing 200 sailboats owned cooperatively by the Bayside Recreation League and 370 sailboats owned privately showed that the recreation league sailboats were in better condition.

Which of the following, if true and known by the Bayside members, would best help explain the results of the study?

With private sailboats, both the costs and the benefits of avoiding any repairs fall to the individual owner.
For boats that are used by many different people, it is difficult to attribute the costs of maintenance and repair to the wear and tear caused by any individual user.
Routine inspections and repairs of recreation league sailboats are conducted during the winter months, not during the May – September sailing season.
If one Bayside member causes even minor damage to a sailboat without paying for the repair, other members will do so even more, and the costs to each user will outweigh the benefits.
There are many more private sailboats than cooperatively-owned sailboats.

IMO (d)
(a)Incorrect
(b)Incorrect-cost can be spread among all the users as mentioned for recreatonal equipment..opposing the argument
(c)out of scope-Incorrect
(d)Correct-If even a small damage is done to the recreation league boats and the user doesnt pay the cost of it...others will repeat it and the maintenance cost will increase drastically...and each user will be charged a hefty amount of money...to avoid paying such large amount of money each person will use it carefully... so they are in better condition.
(e)Incorrect-Doesn't explain why recreational boats are in better condition to privately owned boats...

Hope it helps..:)
_________________

Kudos please if you find my post useful..

Re: Smith argued that recreational equipment owned in common by   [#permalink] 01 Sep 2013, 11:10
    Similar topics Author Replies Last post
Similar
Topics:
Popular new posts Consumers planning to buy recreational equipment tend to buy freshlily 14 12 May 2006, 18:58
Popular new posts Consumers planning to buy recreational equipment tend to buy ttanvir 15 14 Dec 2006, 21:01
New posts Consumers planning to buy recreational equipment tend to buy singh_amit19 3 29 Sep 2007, 21:48
Popular new posts Consumers planning to buy recreational equipment tend to buy sidbidus 12 29 Oct 2007, 01:41
New posts Consumers planning to buy recreational equipment tend to buy chejw 0 30 Oct 2007, 22:37
Display posts from previous: Sort by

Smith argued that recreational equipment owned in common by

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.