Skywalker18 wrote:
Among the one hundred most profitable companies in the United States, nearly half qualify as “socially responsible companies,” including seven of the top ten most profitable on that list. This designation means that these companies donate a significant portion of their revenues to charity; that they adhere to all relevant environmental and product safety standards; and that their hiring and employment policies encourage commitments to diversity, gender pay equality, and work-life balance.
Which of the following conclusions can be drawn based on the statements above?
A) Socially responsible companies are, on average, more profitable than other companies.
B) Consumers prefer to purchase products from socially responsible companies.
C) It is possible for any company to be both socially responsible and profitable.
D) Companies do not have to be socially responsible in order to be profitable.
E) Not all socially responsible companies are profitable.
solution:
Among the one hundred most profitable companies in the United States, nearly half qualify as “socially responsible companies,” including seven of the top ten most profitable on that list. This designation means that these companies donate a significant portion of their revenues to charity; that they adhere to all relevant environmental and product safety standards; and that their hiring and employment policies encourage commitments to diversity, gender pay equality, and work-life balance.
understand:
1. 100 most profitable comapanies (MPC) >> almost 50 of 100 socially responsible
2. 7 of top 10 of MPC - socially responisble\
3.socially responsible :
a) donate significant rev
b) comply with rules
c) hiring and emp unbiased diverse and bla bla
question:
Which of the following conclusions can be drawn based on the statements above?
- inference (NOT MUST BE TRUE. )
possible inferences:
addition of premises :
we re given that some MPC are profitable and Socially resp. so bascically a comapny CAN be both profitable and socially resp given that the comap donates, adheres and bla bla bla which may seem to affect the profits of comapny
1st inference: a comapny can be profitable , even though it is SR
we are also told some of the MPCs are not SR but still profitable:
2nd inference - to be SRis not a requirement to be profitable
A) Socially responsible companies are, on average, more profitable than other companies.
: do we know anything about OTHER companies? nope. Also, we have too little data to calculate AVERAGE
B) Consumers prefer to purchase products from socially responsible companies.
Consumer preference is not discussed
C) It is possible for any company to be both socially responsible and profitable.
ANY COMPANY? cannot say this . can be impossible to some comapnies.
D) Companies do not have to be socially responsible in order to be profitable.
CORRECT: inference 2E) Not all socially responsible companies are profitable.
we are just talking about MOST profitable (this is group does not include ALL profitables) . cannot infer.