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Country X's recent stock-trading scandal should not diminish investors

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Country X's recent stock-trading scandal should not diminish investors [#permalink]

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New post 30 May 2017, 20:48
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The Official Guide for GMAT Review 2018

Practice Question
Question No.: CR 651
Page: 543

Country X's recent stock-trading scandal should not diminish investors' confidence in the country's stock market. For one thing, the discovery of the scandal confirms that Country has a strong regulatory system, as the following considerations show. In any stock market, some fraudulent activity is inevitable. If a stock market is well regulated, any significant stock-trading fraud in it will be very likely be discovered. This deters potential perpetrators and facilitates improvement in regulatory processes.

In the argument, the portion in boldface plays which of the following roles?

(A) It is the argument's only conclusion.

(B) It is the conclusion for which the argument provides support and which itself is used to support the argument's main conclusion.

(C) It is argument's main conclusion and is supported by another explicitly stated conclusion for which further support is provided.

(D) It is an assumption for which no explicit support is provided and is used to support the argument's only conclusion.

(E) It is a compound statement containing both the argument's main conclusion and an assumption used to support that conclusion.
[Reveal] Spoiler: OA

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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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New post 30 May 2017, 21:30
Between A and B...

C is not the case at all
D support is there
E no it is not both an assumption and a conclusion


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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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New post 30 May 2017, 21:32
mynamegoeson wrote:
Between A and B...

C is not the case at all
D support is there
E no it is not both an assumption and a conclusion

I think i will go with B

Cannot ignore the first line of the premise it is a conclusion

so negating A C D E hence B

but i am not able to connect first and second line of the premise as to how the second line is supporting the first line


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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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New post 31 May 2017, 03:06
Country X's recent stock-trading scandal should not diminish investors' confidence in the country's stock market. For one thing, the discovery of the scandal confirms that Country has a strong regulatory system, as the following considerations show. In any stock market, some fraudulent activitity is inevitable. If a stock market is well regulated, any significant stock-trading fraud in it will be very likely be discovered. This deters potential perpetrators and facilitates improvement in regulatory processess.

Type - Boldface
BF - Intermediate conclusion that supports main conclusion "Country X's recent stock-trading scandal should not diminish investors' confidence in the country's stock market"

(A) It is the argument's only conclusion. - Incorrect
(B) It is the conclusion for which the argument provides support and which itself is used to support the argumen's main conclusion. - Correct
(C) It is argument's main conclusion and is supported by another explicitly stated conclusion for which further support is provided. - Incorrect
(D) It is an assumption for which no explicit support is provided and is used to support the argument's only conclusion. - Incorrect
(E) It is a compound statement containing both the argument's main conclusion and an assumption sued to support that conclusion. - Incorrect

Answer B
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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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New post 02 Jun 2017, 05:20
hazelnut wrote:
The Official Guide for GMAT Review 2018

Practice Question
Question No.: CR 651
Page: 543

Country X's recent stock-trading scandal should not diminish investors' confidence in the country's stock market. For one thing, the discovery of the scandal confirms that Country has a strong regulatory system, as the following considerations show. In any stock market, some fraudulent activitity is inevitable. If a stock market is well regulated, any significant stock-trading fraud in it will be very likely be discovered. This deters potential perpetrators and facilitates improvement in regulatory processess.

In the argument, the portion in boldface plays which of the following roles?

(A) It is the argument's only conclusion.
(B) It is the conclusion for which the argument provides support and which itself is used to support the argument the argument's main conclusion.
(C) It is argument's main conclusion and is supported by another explicitly stated conclusion for which further support is provided.
(D) It is an assumption for which no explicigt support is provided and is used to support the argument's only conclusion.
(E) It is a compound statement containing both the argument's main conclusion and an assumption sued to support that conclusion.



Please check here :
https://gmatclub.com/forum/country-x-s- ... 41634.html
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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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New post 05 Jul 2017, 13:05
ans for cr 651 please, how is it B

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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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New post 11 Jul 2017, 14:46
Could you please confirm if my structuring is accurate ?

Country X's recent stock-trading scandal should not diminish investors' confidence in the country's stock market.

[Above is a claim / sub-conclusion, doesnt look like its the main conclusion ]

For one thing, the discovery of the scandal confirms that Country has a strong regulatory system, as the following considerations show.

[Reason for the above conclusion, can this be thought of as evidence to support above conclusion ]

In any stock market, some fraudulent activitity is inevitable.

Fact

If a stock market is well regulated, any significant stock-trading fraud in it will be very likely be discovered.

Claim (seems like an mini conclusion to me) ...the main conclusion as well as its the final point ...any fraud will be discovered (there is nothing more to talk about once this point is made)


This deters potential perpetrators and facilitates improvement in regulatory processes.

Judgement /Claim


In the argument, the portion in boldface plays which of the following roles?

(A) It is the argument's only conclusion.

Dont think so as there is another sub conclusion


(B) It is the conclusion for which the argument provides support and which itself is used to support the argument the argument's main conclusion.

Seems like ...it is a conclusion as seen above ...and there is support for this

(C) It is argument's main conclusion and is supported by another explicitly stated conclusion for which further support is provided.

Bold face is not the main conclusion


(D) It is an assumption for which no explicit support is provided and is used to support the argument's only conclusion.

Bold face is not an assumption ...its evidence or a premise in support of a conclusion


(E) It is a compound statement containing both the argument's main conclusion and an assumption sued to support that conclusion.

Not true ...Bold face is is no way an assumption..its evidence to a conclusion ...its more of evidence/ premise

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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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New post 12 Jul 2017, 02:04
confusing.Though I understood why option B is correct but still not able to find the main conclusion of the argument.

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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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hazelnut wrote:
The Official Guide for GMAT Review 2018

Practice Question
Question No.: CR 651
Page: 543

Country X's recent stock-trading scandal should not diminish investors' confidence in the country's stock market. For one thing, the discovery of the scandal confirms that Country has a strong regulatory system, as the following considerations show. In any stock market, some fraudulent activitity is inevitable. If a stock market is well regulated, any significant stock-trading fraud in it will be very likely be discovered. This deters potential perpetrators and facilitates improvement in regulatory processess.

In the argument, the portion in boldface plays which of the following roles?

(A) It is the argument's only conclusion.
(B) It is the conclusion for which the argument provides support and which itself is used to support the argument the argument's main conclusion.
(C) It is argument's main conclusion and is supported by another explicitly stated conclusion for which further support is provided.
(D) It is an assumption for which no explicigt support is provided and is used to support the argument's only conclusion.
(E) It is a compound statement containing both the argument's main conclusion and an assumption sued to support that conclusion.


Main Conclusion - Recent scandal shouldn't diminish investor confidence.
Support Conclusion - Discovery of scandal => country has strong regulatory system.
Premises Supporting the Support Conclusion
1) fraudulent activity inevitable.
2) Well regulated market => fraud gets discovered, and it deters perpetrators from committing more fraud.

A - Out. It's not the main conclusion.
B - The Boldface is supporting the main conclusion, and the premises are supporting the boldface. Keep.
C - Out. It's not the main conclusion.
D - Out.
E - It's not the main conclusion, and is not an assumption. It's a statement that the author is backing up.

B is the correct answer.
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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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madindian wrote:
ans for cr 651 please, how is it B

The author makes the following general statements:

  • "In any stock market, some fraudulent activitity is inevitable"
  • "If a stock market is well regulated, any significant stock-trading fraud in it will be very likely be discovered."
  • When significant stock-trading fraud is discovered, it deters potential perpetrators and facilitates improvement in regulatory processes.

If this general pattern is true, then "the discovery of the scandal [in Country X] confirms that Country X has a strong regulatory system." Thus, the statement in bold can be concluded based on the ensuing statements. This intermediate conclusion is used in support of the author's main conclusion, which is that "Country X's recent stock-trading scandal should not diminish investors' confidence in the country's stock market." In other words, investors should view the discovery as evidence that the country has a well-regulated stock market. The scandals are inevitably going to happen, so if scandals were never discovered, that would suggests that the stock market is not well-regulated, which should worry investors more than the discovery of a single scandal should.

Quote:
(B) It is the conclusion for which the argument provides support and which itself is used to support the argument's main conclusion.

So statement (B) accurately describes the function of the boldfaced portion.
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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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New post 25 Jul 2017, 00:27
i am confused with option D.why it is not an assumption.What actually is the assumption in boldface questions please clarify.

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Re: Country X's recent stock-trading scandal should not diminish investors [#permalink]

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New post 18 Aug 2017, 05:10
sidagar wrote:
i am confused with option D.why it is not an assumption.What actually is the assumption in boldface questions please clarify.


Hey Bud, Not sure if you still have this question!

An assumption is an unstated premise that the author accepts to be true.

For e.g.
Tom loves chocolates. Thus, Tom will love the new Hagen Das chocolate truffle ice-cream.

Here, the unstated premise or assumption is that Tom loves chocolate, so he will love it in all it's variations, be it a chocolate, or a chocolate flavoured ice-cream. The author accepts this as true to make the conclusion above.

Another e.g.
Manchester United dominated West Ham and won the First League game 4-0. We can effectively say that Manchester United are the team to beat this season.
What's the assumption here?

The above examples are not GMAT Level, but they can give you a fair indication of what an assumption is. An assumption is never directly stated in the argument. It is however, an unstated fact that the author presumes to be true, to draw a conclusion.

Hope this helps!
See these articles for an insight!
https://gmat.economist.com/gmat-advice/ ... -questions
https://gmatclub.com/forum/inference-vs ... l#p1177826
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Re: Country X's recent stock-trading scandal should not diminish investors   [#permalink] 18 Aug 2017, 05:10
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