With a record number of new companies starting up in

Oldest

Best Reply

Author

Message

TAGS:

Intern

Joined: 01 Jan 2012

Posts: 34

GMAT 1: Q42 V32
GMAT 2: 0 Q50 V35

Followers: 0

Kudos [?]: 2 [0], given: 5

With a record number of new companies starting up in [#permalink]

31 Mar 2012, 10:36

00:00

Question Stats:

38% (02:45) correct

61% (01:52) wrong

based on 0 sessions

With a record number of new companies starting up in Derderia and with previously established companies adding many jobs, a record number of new jobs were created last year in the Derderian economy. This year, previously established companies will not be adding as many new jobs overall as such companies added last year. Therefore, unless a record number of companies start up this year, Derderia will not break its record for the new jobs created.

Which of the following is an assumption on which the argument relies?

A. Each year, new companies starting up create more new jobs overall than do previously established companies.
B. Companies established last year will not add a greater number of jobs overall this year than they did last year.
C. This year, the new companies starting up will not provide substantially more jobs per company than did new companies last year.
D. This year, the overall number of jobs created by previously established companies will be less than the overall number of jobs lost at those companies.
E. The number of jobs created in the Derderian economy last year was substantially larger than the number of jobs lost last year.

Help with the Explanation of Answer

[Reveal] Spoiler: OA

SVP

Status: 2000 posts! I don't know whether I should feel great or sad about it! LOL

Joined: 04 Oct 2009

Posts: 1756

Location: Peru

Schools: Harvard, Stanford, Wharton, MIT & HKS (Government)

WE 1: Economic research

WE 2: Banking

WE 3: Government: Foreign Trade and SMEs

Followers: 50

Kudos [?]: 145 [0], given: 108

Re: Derderia: [#permalink]

31 Mar 2012, 16:13

+1 C

Check my explanations below 8-)

monikaleoster wrote:

With a record number of new companies starting up in Derderia and with previously established companies adding many jobs, a record number of new jobs were created last year in the Derderian economy. This year, previously established companies will not be adding as many new jobs overall as such companies added last year. Therefore, unless a record number of companies start up this year, Derderia will not break its record for the new jobs created.

Which of the following is an assumption on which the argument relies?

A. Each year, new companies starting up create more new jobs overall than do previously established companies. - The argument doesn't talk about trends. Out of scope.
B. Companies established last year will not add a greater number of jobs overall this year than they did last year. - This rephrase a premise already stated in the argument (notice the words in blue).
C. This year, the new companies starting up will not provide substantially more jobs per company than did new companies last year.- CORRECT. If there are more new jobs per new company, there is a possibility of reaching a new record.
D. This year, the overall number of jobs created by previously established companies will be less than the overall number of jobs lost at those companies. - We are talking about new jobs. It doesn't matter whether there were lost jobs. (Shell game choice!)
E. The number of jobs created in the Derderian economy last year was substantially larger than the number of jobs lost last year. - Same as D

Help with the Explanation of Answer

_________________

"Life’s battle doesn’t always go to stronger or faster men; but sooner or later the man who wins is the one who thinks he can."

My Integrated Reasoning Logbook / Diary: my-ir-logbook-diary-133264.html

Find out what's new at GMAT Club - latest features and updates

Intern

Joined: 27 Jun 2011

Posts: 19

Location: Chennai

WE 1: 2.10

Followers: 0

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

Re: Derderia: [#permalink]

02 Apr 2012, 04:18

The conclusion is a record number of companies should start this year... So more number of companies is to be started than last year.. Thus the jobs per company this year will be less than the previous year... C it is...

Re: Derderia: [#permalink] 02 Apr 2012, 04:18

		Similar topics	Author	Replies	Last post
Similar Topics:		With a record number of new companies starting up in	lan583	12	22 Aug 2006, 09:11
		With a record number of new companies starting up in	enola	12	12 Dec 2006, 13:26
		With a record number of new companies starting up in	mymba99	5	21 May 2008, 06:21
	1	With a record number of new companies starting up in	yavasani	8	30 Jun 2008, 04:32
	2	With a record number of new companies starting up in	tarek99	17	27 Oct 2008, 11:19

Main navigation

GMAT Resources

Partners

MBA Resources

GMAT ® is a registered trademark of the Graduate Management Admission Council ® (GMAC ®). GMAT Club's website has not been reviewed or endorsed by GMAC.

GMAT Courses

Admissions Consulting

With a record number of new companies starting up in

With a record number of new companies starting up in

Main navigation

GMAT Resources

Partners

MBA Resources