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

It is currently 29 Jul 2015, 10:46
GMAT Club Tests

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

The development of new inventions is promoted by the

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
User avatar
Joined: 10 Nov 2010
Posts: 166
Followers: 4

Kudos [?]: 140 [0], given: 6

The development of new inventions is promoted by the [#permalink] New post 10 Mar 2011, 08:58
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

73% (02:28) correct 27% (01:31) wrong based on 142 sessions
The development of new inventions is promoted by the
granting of patent rights, which restrict the right of
anyone but the patent holders to profit from these
inventions for a specified period. Without patent rights,
anyone could simply copy another’s invention;
consequently, inventors would have no financial
incentive for investing the time and energy required to
develop new products. Thus, it is important to continue
to grant patent rights, or else no one will engage in
original development and consequently no new
inventions will be forthcoming.
Which one of the following is an assumption on which
the argument depends?
(A) Financial reward is the only incentive that will
be effective in motivating people to develop
new inventions.
(B) When an inventor sells patent rights to a
manufacturer, the manufacturer makes less total
profit on the invention than the inventor does.
(C) Any costs incurred by a typical inventor in
applying for patent rights are insignificant in
comparison to the financial benefit of holding
the patent rights.
(D) Patent rights should be granted only if an
inventor’s product is not similar to another
invention already covered by patent rights.
(E) The length of a patent right is usually
proportional to the costs involved in inventing
the product.
[Reveal] Spoiler: OA
Senior Manager
Senior Manager
avatar
Joined: 18 Oct 2010
Posts: 411
Followers: 8

Kudos [?]: 53 [0], given: 115

Reviews Badge
Re: The development of new inventions [#permalink] New post 10 Mar 2011, 09:36
This is an assumption questions. Hence, I used the negation technique. Only A seems to weaken the conclusion and make it invalid.

First, locate the conclusion : The conclusion is "it is important to continue to grant patent rights, or else no one will engage in original development and consequently no new inventions will be forthcoming"

A - if we negate "Financial reward is not necessarily an incentive for developingn ew inventions". This is false. The passage clearly mentions that Financial reward is imp. Hence, best answer.

B - Not relevant to the passage.

c - Conclusion does not talk about holding patent right but talks about granting patent rights.

D - Irrelevant

E- Irrelevant
Manager
Manager
User avatar
Joined: 10 Nov 2010
Posts: 166
Followers: 4

Kudos [?]: 140 [0], given: 6

Re: The development of new inventions [#permalink] New post 10 Mar 2011, 09:57
Well done heygirl!!
Senior Manager
Senior Manager
avatar
Joined: 18 Oct 2010
Posts: 411
Followers: 8

Kudos [?]: 53 [0], given: 115

Reviews Badge
Re: The development of new inventions [#permalink] New post 10 Mar 2011, 10:48
vjsharma25 wrote:
Well done heygirl!!

Thanks :) I'm myself struggling to improve CR :-D
Manager
Manager
avatar
Status: Bunuel's fan!
Joined: 08 Jul 2011
Posts: 243
Followers: 1

Kudos [?]: 21 [0], given: 55

Re: The development of new inventions is promoted by the [#permalink] New post 23 Apr 2012, 11:21
One of the rare one i got under 2 min
Re: The development of new inventions is promoted by the   [#permalink] 23 Apr 2012, 11:21
    Similar topics Author Replies Last post
Similar
Topics:
1 Early in the development of a new product line, the critical Zatarra 5 08 Apr 2011, 03:05
11 Experts publish their posts in the topic A certain pharmaceutical firm recently developed a new anilnandyala 28 27 Nov 2010, 02:23
5 Early in the development of a new product line, the critical noboru 23 20 Jul 2010, 12:10
Some people have been promoting a new herbal mixture as a joemama142000 8 08 Jan 2010, 17:29
4 New items developed for automobiles in the 1997 model year JCLEONES 10 14 Jan 2008, 07:42
Display posts from previous: Sort by

The development of new inventions is promoted by the

  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®.