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

It is currently 24 Jul 2014, 07:40

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

With a record number of new companies starting up in

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
avatar
Joined: 10 Jul 2006
Posts: 75
Followers: 1

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

GMAT Tests User
With a record number of new companies starting up in [#permalink] New post 12 Dec 2006, 12:26
1
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

83% (02:39) correct 17% (00:40) wrong based on 10 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 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.
Senior Manager
Senior Manager
avatar
Joined: 08 Jun 2006
Posts: 343
Location: Washington DC
Followers: 1

Kudos [?]: 12 [0], given: 0

GMAT Tests User
 [#permalink] New post 12 Dec 2006, 12:44
Going for B

The argument says "This year, previously established companies will not be adding as many new jobs overall as such companies added last year."

We also need to assume that the newly (added last year) added companies will not add recod number of jobs this year.
Senior Manager
Senior Manager
User avatar
Joined: 04 Nov 2006
Posts: 267
Location: California
Followers: 1

Kudos [?]: 13 [0], given: 0

GMAT Tests User
 [#permalink] New post 12 Dec 2006, 12:46
B..
Director
Director
avatar
Joined: 17 Jul 2006
Posts: 716
Followers: 1

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

GMAT Tests User
 [#permalink] New post 12 Dec 2006, 13:12
I will bet on C.


Infererence: This year, previously established companies will not be adding as many new jobs overall as such companies added last year.

Conclusion:Therefore, unless a record number of companies start up this year, Derderia will not break its record for new jobs created.

Assumption: Each new company this year will not create more number of jobs as last year. So record number of new companies should start this year.

Last edited by baski6 on 12 Dec 2006, 13:32, edited 1 time in total.
Director
Director
avatar
Joined: 28 Dec 2005
Posts: 922
Followers: 2

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

GMAT Tests User
 [#permalink] New post 12 Dec 2006, 13:18
Another B. The author clearly states:

Therefore, unless a record number of companies start up this year, Derderia will not break its record for new jobs created. => old companies are not going to add greater number of jobs, so unless new startups create these jobs, record will not be broken.
SVP
SVP
User avatar
Joined: 08 Nov 2006
Posts: 1560
Location: Ann Arbor
Schools: Ross '10
Followers: 12

Kudos [?]: 160 [0], given: 1

GMAT Tests User
 [#permalink] New post 12 Dec 2006, 13:28
SVP
SVP
User avatar
Joined: 08 Nov 2006
Posts: 1560
Location: Ann Arbor
Schools: Ross '10
Followers: 12

Kudos [?]: 160 [0], given: 1

GMAT Tests User
 [#permalink] New post 12 Dec 2006, 13:43
hsampath wrote:
Another B. The author clearly states:

Therefore, unless a record number of companies start up this year, Derderia will not break its record for new jobs created. => old companies are not going to add greater number of jobs, so unless new startups create these jobs, record will not be broken.


Last Year,

Total number of new jobs added last Year=New jobs added in existing companies[Last Year] + (Number of new companies)[Last Year]*(Number of jobs per new company)[Last Year]

This Year,

Total number of new jobs added this Year=New jobs added in existing companies[Last Year] - X + (Number of new companies)[This Year]*(Number of jobs per new company)[This Year]

The passage says that the number of new jobs this year cannot exceed exceed last year unless a large amount of companies start year.

But the number of new jobs due to new companies is determined by two factors.

1.No. of new companies
2.No.of new jobs per new company.

So, for the conclusion to be true, the difference between the number of new jobs per new company this year and the number of new jobs per new company last year cannot be greater than,
X/(No.of new companies).

This can be rephrased as follows.

C. This year, the new companies starting up will not provide substantially more jobs per company than did new companies last year.

From this, it is clear that the answer is C.
_________________

My Profile/GMAT/MBA Story
http://www.gmatclub.com/forum/111-t59345

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Director
Director
avatar
Joined: 28 Dec 2005
Posts: 922
Followers: 2

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

GMAT Tests User
 [#permalink] New post 12 Dec 2006, 13:57
One can't argue against that. I am lousy with CRs. I agree with C now. You are right.
Manager
Manager
avatar
Joined: 10 Jul 2006
Posts: 75
Followers: 1

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

GMAT Tests User
 [#permalink] New post 12 Dec 2006, 14:34
thank you guys for the detail explanation, especially that of ncprasad.

OA is C
Manager
Manager
avatar
Status: Time to apply!
Joined: 24 Aug 2011
Posts: 221
Location: India
Concentration: Finance, Entrepreneurship
GMAT 1: 600 Q48 V25
GMAT 2: 660 Q50 V29
GMAT 3: 690 Q49 V34
GPA: 3.2
WE: Engineering (Computer Software)
Followers: 3

Kudos [?]: 22 [0], given: 166

GMAT Tests User
Re: With a record number of new companies starting up in [#permalink] New post 20 Nov 2011, 09:52
+1 C
_________________

Didn't give up !!! Still Trying!!

Intern
Intern
avatar
Joined: 11 Nov 2011
Posts: 37
Followers: 0

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

GMAT ToolKit User
Re: With a record number of new companies starting up in [#permalink] New post 20 Nov 2011, 18:32
very tricky question, thanks :D
Senior Manager
Senior Manager
avatar
Joined: 12 Oct 2011
Posts: 276
Followers: 0

Kudos [?]: 20 [0], given: 110

Re: With a record number of new companies starting up in [#permalink] New post 23 Dec 2011, 20:52
C it is. Very tricky answer choices. Had to decide between B and C. C the winner.
_________________

Consider KUDOS if you feel the effort's worth it

Manager
Manager
User avatar
Joined: 07 Aug 2011
Posts: 186
Location: United States
Concentration: Technology, International Business
GMAT 1: 690 Q48 V37
Followers: 3

Kudos [?]: 20 [0], given: 6

GMAT Tests User
Re: With a record number of new companies starting up in [#permalink] New post 26 Dec 2011, 03:18
C
Fact is record number of companies are starting in Derderia
Jobs from old company will be less
So if new company will have more new jobs then Derderian will have no problem
A and C sounds logical
But if new company start up number is more or less same as last year which was record breaking in itself then no problem, but problem is there so that can be due to fact that new company will have less number of new job compared to last year so more company has to start to break last year record
VP
VP
User avatar
Joined: 01 Oct 2013
Posts: 1411
Followers: 203

Kudos [?]: 42 [0], given: 0

Premium Member
Re: With a record number of new companies starting up in [#permalink] New post 05 Jul 2014, 03:34
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Re: With a record number of new companies starting up in   [#permalink] 05 Jul 2014, 03:34
    Similar topics Author Replies Last post
Similar
Topics:
4 With a record number of new companies starting up in nusmavrik 24 05 Sep 2010, 00:59
5 Experts publish their posts in the topic With a record number of new companies starting up in tarek99 21 27 Oct 2008, 10:19
1 With a record number of new companies starting up in yavasani 8 30 Jun 2008, 03:32
With a record number of new companies starting up in mymba99 5 21 May 2008, 05:21
With a record number of new companies starting up in tarek99 9 20 Nov 2007, 11:46
Display posts from previous: Sort by

With a record number of new companies starting up in

  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®.