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 2108:30 AM PDT
-09:30 AM PDT
How do you get into The Wharton School—one of the most prestigious MBA programs in the world?In this exclusive MBA Admissions Masterclass, former Wharton admissions directors Judith Silverman Hodara and Michel Belden break it down- May 20
08:30 AM PDT
-09:30 AM PDT
Learn the five strategic moves that top MBA applicants make to unlock admission to M7 and Top 10 business schools. In this expert-led session, Sia Admissions — a leading coaching firm specializing in high-achieving candidates ... and more. 
May 2010:00 AM EDT
-11:00 AM EDT
The Target Test Prep GMAT Flash Sale is LIVE! Get 25% off our game-changing course and save up to $450 today! Use code FLASH25 at checkout. This limited-time deal won’t last long, so grab your discount now!
May 2211:30 AM EDT
-12:30 PM EDT
Looking for your GMAT motivation to break through the score plateau? Pragati improved her score by massive 160 points with strategic guidance and hard-work! Find out how personalized mentorship and a strong mindset can turn GMAT struggles into success.- May 23
08:30 AM PDT
-09:30 AM PDT
Most students struggle to improve their GMAT score even after putting in a lot of effort and multiple attempts. Knowing what to do next in order to succeed can be the game changer in such cases. 
May 2411:00 AM IST
-01:00 PM IST
Do RC/MSR passages scare you? e-GMAT is conducting a masterclass to help you learn –1. Learn effective reading strategies 2.Tackle difficult RC & MSR with confidence 3.Excel in timed test environment
May 2408:00 PM PDT
-09:00 PM PDT
Full-length FE mock with insightful analytics, weakness diagnosis, and video explanations!
May 3110:00 AM EDT
-11:59 PM EDT
Get a massive $325 off the TTP OnDemand GMAT masterclass by using the coupon code FLASH25 at checkout. If you prefer learning through engaging video lessons, TTP OnDemand GMAT is exactly what you need.- Jun 10
06:00 AM PDT
-05:30 PM PDT
Register for the GMAT Club Virtual MBA Spotlight fair, the biggest MBA fair of the year. You will have a chance to hear Admissions directors from almost every Top 20 program speak, network with peers, and conveniently attend morning or afternoon sessions.
08 Jan 2024, 23:04
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
80% (01:27) correct
20%
(01:55)
wrong
based on 394
sessions
History
Date
Time
Result
Not Attempted Yet
Customers of ZQX financial services often call their financial advisers at ZQX for help in understanding the quarterly personal financial statements ZQX sends to customers. For years, there have been consistent complaints about the difficulty of understanding the statements. Despite this, and despite a new company initiative to improve customer service, ZQX has no plans to alter its statements.
Which of the following, if true, would best explain ZQX's reluctance to alter its statements?
A. A well respected industry survey consistently ranks ZQX as of the the best financial services companies in the nation.
B. ZQX's financial advisers are very effective at answering customers questions about their financial statements.
C. Customers who have regular contact with their financial advisers are tend to be willing to invest more money with those advisers.
D. Investors find the quarterly financial statements issued by other financial services companies less confusing that those issued by ZQX.
E. The company initiative to improve was prompted by complaints regarding certain advisers mishandling of customers fund.
GMAT-Club-Forum-unsn4mtn.png [ 99.93 KiB | Viewed 256 times ]
Which of the following, if true, would best explain ZQX's reluctance to alter its statements?
A. A well respected industry survey consistently ranks ZQX as of the the best financial services companies in the nation.
B. ZQX's financial advisers are very effective at answering customers questions about their financial statements.
C. Customers who have regular contact with their financial advisers are tend to be willing to invest more money with those advisers.
D. Investors find the quarterly financial statements issued by other financial services companies less confusing that those issued by ZQX.
E. The company initiative to improve was prompted by complaints regarding certain advisers mishandling of customers fund.
Attachment:
GMAT-Club-Forum-unsn4mtn.png [ 99.93 KiB | Viewed 256 times ]
08 Jan 2024, 23:06
Kudos
Bookmarks
Why option c is correct here and not b? Is C saying that since customers are investing more that means they are able to understand the statements?
09 Jan 2024, 00:24
Kudos
Bookmarks
AnkurGMAT20
Why option c is correct here and not b? Is C saying that since customers are investing more that means they are able to understand the statements?
The first step would be to reduce the overly complex test and summarize :
Customers are fed complex reports by Company. Complex reports need Company's service to interpret those reports.
Company is improving other aspect of services but not making report easier to interpret.
Why ? Ofcouse it means they are aware of the complexity and it serves some purpose so they want to keep it that way !
We have to find the option that gives us the purpose.
a) A well respected industry survey consistently ranks ZQX as of the the best financial services companies in the nation.
Maybe it is so the best company but does it say why the report has to be made complex ? No
b) ZQX's financial advisers are very effective at answering customers questions about their financial statements.
Maybe they have great service but does it say why the report has to be made complex ? No
We may assume that it is a strategy by the company to make customers avail their service and show off their excellent efficiency, but that's lame because the task of financial advisers is not to interpret reports, they may be better utilized in something else.
Kept this option in mind but C gives a upfront reason with no much assumptions required.
c) Customers who have regular contact with their financial advisers are tend to be willing to invest more money with those advisers.
Maybe it is true does it say why the report has to be made complex ? Yes!
d) Investors find the quarterly financial statements issued by other financial services companies less confusing that those issued by ZQX.
Maybe it is other companies keep it simple but does it say why the report has to be made complex ? No
e) The company initiative to improve was prompted by complaints regarding certain advisers mishandling of customers fund.
This is just out of context
AnkurGMAT20
