GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 20 Oct 2019, 19:48

### 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

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

# As measured by the Commerce Department, corporate profits peaked in th

Author Message
TAGS:

### Hide Tags

Senior Manager
Joined: 11 Jun 2007
Posts: 474
As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

28 Aug 2007, 11:21
1
9
00:00

Difficulty:

15% (low)

Question Stats:

78% (01:10) correct 22% (01:32) wrong based on 531 sessions

### HideShow timer Statistics

As measured by the Commerce Department, corporate profits peaked in the fourth quarter of 1988 and have slipped since then, as many companies have been unable to pass on higher costs.

(A) and have slipped since then, as many companies have been unable to pass on higher costs
(B) and have slipped since then, the reason being because many companies have been unable to pass on higher costs
(C) and slipped since then, many companies being unable to pass on higher costs
(D) but, many companies unable to pass on higher costs, they have slipped since then
(E) yet are slipping since then, because many companies were unable to pass on higher costs
VP
Joined: 10 Jun 2007
Posts: 1111
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

28 Aug 2007, 11:27
1
1
eyunni wrote:
131. As measured by the Commerce Department, corporate profits peaked in the fourth quarter of 1988 and have slipped since then, as many companies have been unable to pass on higher costs.

(A) and have slipped since then, as many companies have been unable to pass on higher costs
(B) and have slipped since then, the reason being because many companies have been unable to pass on higher costs
(C) and slipped since then, many companies being unable to pass on higher costs
(D) but, many companies unable to pass on higher costs, they have slipped since then
(E) yet are slipping since then, because many companies were unable to pass on higher costs

A for me.
B is out because the use of "being"
C and E are out because you need present perfect because of the use of "since".
D doesn't make much sense.
Senior Manager
Joined: 02 Aug 2007
Posts: 332
Location: Greater New York City area
Schools: Tuck, Ross (R1), Duke, Tepper, ISB (R2), Kenan Flagler (R2)
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

28 Aug 2007, 11:32
2
1
Its A.
I think "since then" goes well with a present perfect tense because since indicates that the process is will continuing.
Additionally, B and C out being "being"
In D, the construction of the clause, many companies unable to pass on higher costs, is awkward.
In E, there is present continuous with slipping and 'were' which is past tense.
Director
Joined: 03 May 2007
Posts: 668
Schools: University of Chicago, Wharton School
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

28 Aug 2007, 11:47
1
eyunni wrote:
131. As measured by the Commerce Department, corporate profits peaked in the fourth quarter of 1988 and have slipped since then, as many companies have been unable to pass on higher costs.

(A) and have slipped since then, as many companies have been unable to pass on higher costs
(B) and have slipped since then, the reason being because many companies have been unable to pass on higher costs
(C) and slipped since then, many companies being unable to pass on higher costs
(D) but, many companies unable to pass on higher costs, they have slipped since then
(E) yet are slipping since then, because many companies were unable to pass on higher costs

A. another error free.

present perfect: have need with since.
Senior Manager
Joined: 11 Jun 2007
Posts: 474
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

28 Aug 2007, 11:51
Would (C) be right if it is rephrased as

C) and slipped since then, as many companies were unable to pass on higher costs

the other choices remaining the same?
(A) and have slipped since then, as many companies have been unable to pass on higher costs
(B) and have slipped since then, the reason being because many companies have been unable to pass on higher costs
(D) but, many companies unable to pass on higher costs, they have slipped since then
(E) yet are slipping since then, because many companies were unable to pass on higher costs
Manager
Joined: 18 Sep 2009
Posts: 243
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

Updated on: 17 May 2010, 22:00
2
As measured by the Commerce Department, corporate profits peaked in the fourth quarter of 1988 [url]and have slipped since then, as many companies have been unable to pass on higher costs[/url]
A) and have slipped since then, as many companies have been unable to pass on higher costs
(B) and have slipped since then, the reason being because many companies have been unable to pass on higher costs
(C) and slipped since then, many companies being unable to pass on higher costs
(D) but, many companies unable to pass on higher costs, they have slipped since then
(E) yet are slipping since then, because many companies were unable to pass on higher costs

I saw this question in many forums, everybody is saying that option A is the answer . The phrases "peaked" and " have sllipped" are not in parallel farm,then it coouldn't be the answer. Among the options the sentences with the usage of "being" is better than the sentences with wrong parallel construction. so , the answer could be option C. please correct me if my reasoning is wrong.

Originally posted by TomB on 17 May 2010, 15:51.
Last edited by TomB on 17 May 2010, 22:00, edited 2 times in total.
VP
Joined: 05 Mar 2008
Posts: 1352
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

17 May 2010, 17:41
1
TomB wrote:
As measured by the Commerce Department, corporate profits peaked in the fourth quarter of 1988 [/u]and have slipped since then, as many companies have been unable to pass on higher costs

A) and have slipped since then, as many companies have been unable to pass on higher costs
(B) and have slipped since then, the reason being because many companies have been unable to pass on higher costs
(C) and slipped since then, many companies being unable to pass on higher costs
(D) but, many companies unable to pass on higher costs, they have slipped since then
(E) yet are slipping since then, because many companies were unable to pass on higher costs

I saw this question in many forums, everybody is saying that option A is the answer . The phrases "peaked" and " have sllipped" are not in parallel farm,then it coouldn't be the answer. Among the options the sentences with the usage of "being" is better than the sentences with wrong parallel construction. so , the answer could be option C. please correct me if my reasoning is wrong.

The sentence is dealing with time. "profits peaked" past and "have slipped" present as the sentence is saying "have slipped" with an implied continue to slip.
Senior Manager
Joined: 19 Nov 2007
Posts: 342
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

17 May 2010, 22:13
TomB wrote:
As measured by the Commerce Department, corporate profits peaked in the fourth quarter of 1988 [url]and have slipped since then, as many companies have been unable to pass on higher costs[/url]
A) and have slipped since then, as many companies have been unable to pass on higher costs
(B) and have slipped since then, the reason being because many companies have been unable to pass on higher costs
(C) and slipped since then, many companies being unable to pass on higher costs
(D) but, many companies unable to pass on higher costs, they have slipped since then
(E) yet are slipping since then, because many companies were unable to pass on higher costs

I saw this question in many forums, everybody is saying that option A is the answer . The phrases "peaked" and " have sllipped" are not in parallel farm,then it coouldn't be the answer. Among the options the sentences with the usage of "being" is better than the sentences with wrong parallel construction. so , the answer could be option C. please correct me if my reasoning is wrong.

None of the options make any sense other than A. Besides, 'peaked' indicates that the action is over and 'have slipped' indicates that the action is ongoing, as indicated by the above poster.

On a side-note, please underline your questions. It will help others in viewing the questions and consequently you will get more replies.
_________________
-Underline your question. It takes only a few seconds!
-Search before you post.
Manager
Joined: 04 Feb 2009
Posts: 168
Location: Ukraine
Schools: Ross 2013
WE 1: Pharmaceutical industry 5 years, C level
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

18 May 2010, 11:52
3
never, ever and since always go with perfect
Senior Manager
Affiliations: SPG
Joined: 15 Nov 2006
Posts: 273
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

21 May 2010, 12:50
profit peaked [a past action] .. and have slipped since then [present-perfect; something that started in the past and continues into the present] .. as companies have been unable to pass [present perfect]

here we need to make sure that the above construction is not distorted as presented in the original sentence

since all of other choices distort this contruction and use tenses incorrectly, A is the correct answer

A it is
VP
Status: Been a long time guys...
Joined: 03 Feb 2011
Posts: 1007
Location: United States (NY)
Concentration: Finance, Marketing
GPA: 3.75
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

29 Aug 2011, 06:30
the usage of have slipped coveys the meaning that the profits have been slipping since then.
but in the option a, the additive usage of have slipped since then is making the phrase redundant...
i dnt feel any of the option is correct..
plz correct me if i am wrong
_________________
Manager
Joined: 25 Nov 2011
Posts: 149
Location: India
Concentration: Technology, General Management
GPA: 3.95
WE: Information Technology (Computer Software)
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

31 Dec 2011, 11:24
siddharthasingh wrote:
the usage of have slipped coveys the meaning that the profits have been slipping since then.
but in the option a, the additive usage of have slipped since then is making the phrase redundant...
i dnt feel any of the option is correct..
plz correct me if i am wrong

There is nothing wrong in using the phrase "since then".

Think like this: it is also possible that, they peaked in 4th quarter, were stable for some time and then slipped. But author wanted to rule this out possibility (i.e., author wanted to convey -they peaked and then immediately slipped). For this reason, it looks more appropriate to use the phrase.
_________________
-------------------------
-Aravind Chembeti
Retired Moderator
Status: Enjoying the GMAT journey....
Joined: 26 Aug 2011
Posts: 558
Location: India
GMAT 1: 620 Q49 V24
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

02 Jan 2012, 06:56
+1 A
correct II-ism
with since, have is reqd( present perfect tense).
_________________
Fire the final bullet only when you are constantly hitting the Bull's eye, till then KEEP PRACTICING.

A WAY TO INCREASE FROM QUANT 35-40 TO 47 : http://gmatclub.com/forum/a-way-to-increase-from-q35-40-to-q-138750.html

Q 47/48 To Q 50 + http://gmatclub.com/forum/the-final-climb-quest-for-q-50-from-q47-129441.html#p1064367

Three good RC strategies http://gmatclub.com/forum/three-different-strategies-for-attacking-rc-127287.html
Intern
Joined: 07 Nov 2011
Posts: 15
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

04 Jan 2012, 07:11
You have to use the present perfect (have, has) because the event is still continuing ....hence A) is correct
Manager
Joined: 18 Aug 2006
Posts: 81
Location: United States
WE: Consulting (Telecommunications)
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

17 May 2013, 03:12
Hello guys, why is E wrong? Is it because of usage of "yet".
or is it because of verb tense:
as many companies have been unable to pass on higher costs vs as many companies were unable to pass on higher costs

Or is it both?

When to use "yet"?
VP
Status: Far, far away!
Joined: 02 Sep 2012
Posts: 1019
Location: Italy
Concentration: Finance, Entrepreneurship
GPA: 3.8
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

17 May 2013, 03:20
anilisanil wrote:
Hello guys, why is E wrong? Is it because of usage of "yet".
or is it because of verb tense:
as many companies have been unable to pass on higher costs vs as many companies were unable to pass on higher costs

Or is it both?

When to use "yet"?

I would say both.

(E) yet are slipping since then, because many companies were unable to pass on higher costs

The first verb refer to an action that started in the past but continues in the present => past continuos
"are slipping" expresses an action that is happening "continuously" in the present (for a long period of time).
Also "were" is not correct.

You can refer here for the usage of yet
_________________
It is beyond a doubt that all our knowledge that begins with experience.
Kant , Critique of Pure Reason

Tips and tricks: Inequalities , Mixture | Review: MGMAT workshop
Strategy: SmartGMAT v1.0 | Questions: Verbal challenge SC I-II- CR New SC set out !! , My Quant

Rules for Posting in the Verbal Forum - Rules for Posting in the Quant Forum[/size][/color][/b]
Intern
Joined: 15 Apr 2018
Posts: 2
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

28 Jun 2018, 22:15
2
1
(A) and have slipped since then, as many companies have been unable to pass on higher costs
Correct.

(B) and have slipped since then, the reason being because many companies have been unable to pass on higher costs
Redundancy Error: the reason being because is redundant

(C) and slipped since then, many companies being unable to pass on higher costs
Meaning Error: profits peaked and slipped since then? can profile peak and slip at the same time? I don't think so.

(D) but, many companies unable to pass on higher costs, they have slipped since then
Pronoun ambiguity: they can refer to both companies and profits.

(E) yet are slipping since then, because many companies were unable to pass on higher costs
Verb tense error: are slipping indicates the action is still continuing and many companies were unable indicates that something happened in the past. How can the slipping continue if the reason for it happened in the past and is not currently happening?
Senior Manager
Joined: 17 Mar 2014
Posts: 429
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

12 Jul 2018, 19:49
daagh,

Could you explain why option C is wrong?

I was stuck between A and C and i chose C. C is concise than A and C has same meaning as A has.

As measured by the Commerce Department, corporate profits peaked in the fourth quarter of 1988

(A) and have slipped since then, as many companies have been unable to pass on higher costs
(C) and slipped since then, many companies being unable to pass on higher costs
Intern
Joined: 14 Jan 2019
Posts: 14
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

15 Jan 2019, 01:12
B and C can be ruled out because of the unnecessary use of ‘being’.
D is awkward in “but many…they have”
E is not parallel because of ‘slipping’ and ‘were unable’.
A is the best choice.
Intern
Joined: 07 Nov 2013
Posts: 13
Location: India
Concentration: Marketing, General Management
GPA: 3.77
WE: Consulting (Consulting)
Re: As measured by the Commerce Department, corporate profits peaked in th  [#permalink]

### Show Tags

09 Jul 2019, 17:53
ammuseeru wrote:
daagh,

Could you explain why option C is wrong?

I was stuck between A and C and i chose C. C is concise than A and C has same meaning as A has.

As measured by the Commerce Department, corporate profits peaked in the fourth quarter of 1988

(A) and have slipped since then, as many companies have been unable to pass on higher costs
(C) and slipped since then, many companies being unable to pass on higher costs

I have the same question as above GMATNinja

Also, one more question: the correct answer "A" is having As X,As Y construction. As X, As Y according to me is used for equal comparison which does not fit according to me.
Re: As measured by the Commerce Department, corporate profits peaked in th   [#permalink] 09 Jul 2019, 17:53

Go to page    1   2    Next  [ 24 posts ]

Display posts from previous: Sort by