Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
May 2008:00 AM PDT
-08:30 AM PDT
What’s in it for you- Live Profile Evaluation Chat Session with Jenifer Turtschanow, CEO, ARINGO. Come with your details prepared and ARINGO will share insights! Pre-MBA Role/Industry, YOE, Exam Score, C/GPA, ECs Post-MBA Role/ Industry & School List.
Jun 1006:00 AM PDT
-06:15 PM PDT
Register for the GMAT Club Virtual MBA Spotlight Fair – the world’s premier event for serious MBA candidates. This is your chance to hear directly from Admissions Directors at nearly every Top 30 MBA program..
24 Nov 2021, 02:30
Kudos
Bookmarks
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
93% (01:14) correct
7%
(01:40)
wrong
based on 153
sessions
History
Date
Time
Result
Not Attempted Yet
ABC company established a new retirement program for its employees. This program would allow employees to have 15% of their salary deducted from their earnings for the next ten years. When the employee retires, the company program would then pay them 15% of the salary that employees would be earning at that time. Employees are encouraged to participate in this program.
Which of the following, if true, would be the most appropriate reason for people not to participate in the program?
(A) Employees are unsure at what age they would retire.
(B) If an employee places 15% of his salary in a savings account today for the next ten years, he will have more money available for retirement than if he participates in the program.
(C) The increase in the company's future salaries is expected to rise at a much faster rate than the increase in the cost of living.
(D) The company is contemplating increasing all its salaries next year.
(E) The retirement plan would not be linked to the cost of living, which has been decreasing steadily over the past few years.
Which of the following, if true, would be the most appropriate reason for people not to participate in the program?
(A) Employees are unsure at what age they would retire.
(B) If an employee places 15% of his salary in a savings account today for the next ten years, he will have more money available for retirement than if he participates in the program.
(C) The increase in the company's future salaries is expected to rise at a much faster rate than the increase in the cost of living.
(D) The company is contemplating increasing all its salaries next year.
(E) The retirement plan would not be linked to the cost of living, which has been decreasing steadily over the past few years.
24 Nov 2021, 04:33
Kudos
Bookmarks
(A) Employees are unsure at what age they would retire.
Not so strong reason
(B) If an employee places 15% of his salary in a savings account today for the next ten years, he will have more money available for retirement than if he participates in the program.
Yes, this option suggests a better alternative
(C) The increase in the company's future salaries is expected to rise at a much faster rate than the increase in the cost of living.
This favors the plan
(D) The company is contemplating increasing all its salaries next year.
This favors the plan
(E) The retirement plan would not be linked to the cost of living, which has been decreasing steadily over the past few years.
This favors the plan
(B) is correct
Not so strong reason
(B) If an employee places 15% of his salary in a savings account today for the next ten years, he will have more money available for retirement than if he participates in the program.
Yes, this option suggests a better alternative
(C) The increase in the company's future salaries is expected to rise at a much faster rate than the increase in the cost of living.
This favors the plan
(D) The company is contemplating increasing all its salaries next year.
This favors the plan
(E) The retirement plan would not be linked to the cost of living, which has been decreasing steadily over the past few years.
This favors the plan
(B) is correct
Moderators:
