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.
Nov 2007:30 AM PST
-08:30 AM PST
Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
Nov 2211:00 AM IST
-01:00 PM IST
Do RC/MSR passages scare you? e-GMAT is conducting a masterclass to help you learn – Learn effective reading strategies Tackle difficult RC & MSR with confidence Excel in timed test environment- Nov 23
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. 
Nov 2510:00 AM EST
-11:00 AM EST
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors.
02 Mar 2022, 07:00
Kudos
Bookmarks
Question 1
D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
78% (02:06) correct
22%
(02:12) wrong
based on 335
sessions
History
Date
Time
Result
Not Attempted Yet
Question 2
D
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:
86% (00:48) correct 14%
(00:46) wrong
based on 326
sessions
History
Date
Time
Result
Not Attempted Yet
Question 3
E
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:
95% (00:25) correct 5%
(00:33) wrong
based on 310
sessions
History
Date
Time
Result
Not Attempted Yet
Question 4
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:
66% (00:52) correct 34%
(01:04) wrong
based on 326
sessions
History
Date
Time
Result
Not Attempted Yet
Foxconn, a contract-manufacturing giant, recently retracted its promise of building a manufacturing plant in Wisconsin that would have created 13,000 jobs. Another giant, Electrolux, announced last month that it is shutting down its oven-making plant in Tennessee since it cannot meet the higher costs arising from tariffs on imported steel. The gloomy picture painted by these developments is however not accurate. A closer look suggests that manufacturing in America is undergoing a revival. This sector has rebounded from the recession of 2008-09 and has shown expansion for 25 consecutive months. Credit for the same goes to the new tax-reform package, which reduced corporate-tax rates, made capital investment more attractive, and cut the incentive for American MNCs to hoard cash overseas. As a result, investment in plants and equipment in America has increased. In addition, as per a recent analysis, the cost of manufacturing is approaching parity for America and China, whereas ten years ago Chinese costs were over a tenth lower. Not only that, higher oil prices have also helped manufacturing businesses that are linked to the energy industry. According to the experts, in the light of such positive trends, if America is successful in developing a highly-skilled manufacturing workforce, then more companies will bring manufacturing jobs to America, taking the American manufacturing sector to new heights.
1. What is the Main Point of the passage?
A. To discuss the policies being used in America
B. To explain how its policies have harmed the manufacturing sector in America.
C. To demonstrate the ineffective policies of America
D. To discuss how the manufacturing sector is growing in America
E. To discuss how the new policies have helped America grow in various sectors
A. To discuss the policies being used in America
B. To explain how its policies have harmed the manufacturing sector in America.
C. To demonstrate the ineffective policies of America
D. To discuss how the manufacturing sector is growing in America
E. To discuss how the new policies have helped America grow in various sectors
2. Which of the following has not been mentioned as the effect of new tax reforms?
A. It cut the incentive for American MNCs to hoard cash overseas
B. It led to an increase in the investment in plants and equipment in America
C. It made capital investment more attractive
D. Foxconn retracted its promise of building a manufacturing plant in Wisconsin.
E. It reduced corporate-tax rates
A. It cut the incentive for American MNCs to hoard cash overseas
B. It led to an increase in the investment in plants and equipment in America
C. It made capital investment more attractive
D. Foxconn retracted its promise of building a manufacturing plant in Wisconsin.
E. It reduced corporate-tax rates
3. What, as per the author, should America do to strengthen its manufacturing sector further?
A. Raise oil prices
B. Reduce tax incentives
C. Reduce exports
D. Increase tax rates
E. Develop a highly skilled manufacturing workforce.
A. Raise oil prices
B. Reduce tax incentives
C. Reduce exports
D. Increase tax rates
E. Develop a highly skilled manufacturing workforce.
4. Which of the following is not mentioned in the passage?
A. High costs have forced Electrolux to close its oven manufacturing plant in Tennessee.
B. The American manufacturing sector has recovered from the recession of 2008-09
C. The new tax-reform package motivated the American MNCs to hoard cash overseas.
D. The new tax-reform package is the main reason behind the growth of manufacturing industry in America.
E. The cost of manufacturing is similar in China and America at present.
A. High costs have forced Electrolux to close its oven manufacturing plant in Tennessee.
B. The American manufacturing sector has recovered from the recession of 2008-09
C. The new tax-reform package motivated the American MNCs to hoard cash overseas.
D. The new tax-reform package is the main reason behind the growth of manufacturing industry in America.
E. The cost of manufacturing is similar in China and America at present.
RC Butler 2022 - Practice Two RC Passages Everyday.
Passage # 90 Date: 02-Mar-2022
This question is a part of RC Butler 2022. Click here for Details
Passage # 90 Date: 02-Mar-2022
This question is a part of RC Butler 2022. Click here for Details
17 Jul 2022, 11:42
Kudos
Bookmarks
1. What is the Main Point of the passage?
A. To discuss the policies being used in America-------author's focus is more on mfg sector's improvement and recommendations related to it
B. To explain how its policies have harmed the manufacturing sector in America.------opposite, it talks about how policies have helped the sector
C. To demonstrate the ineffective policies of America----opposite, it talks about how policies have helped the sector
D. To discuss how the manufacturing sector is growing in America-----yes, the main point, author emphasis is on the mfg sector, how it is improving and further recommendations to improve it further
E. To discuss how the new policies have helped America grow in various sectors----talking about mfg sector only, no various sectors
For Q2
"Credit for the same goes to the new tax-reform package, which reduced corporate-tax rates, made capital investment more attractive, and cut the incentive for American MNCs to hoard cash overseas. As a result, investment in plants and equipment in America has increased. "
2. Which of the following has not been mentioned as the effect of new tax reforms?
A. It cut the incentive for American MNCs to hoard cash overseas-------incorrect as it has been is mentioned in the passage
B. It led to an increase in the investment in plants and equipment in America-------incorrect as it has been is mentioned in the passage
C. It made capital investment more attractive-------incorrect as it has been is mentioned in the passage
D. Foxconn retracted its promise of building a manufacturing plant in Wisconsin.-----correct, as it is not the effect of new policy
E. It reduced corporate-tax rates-------incorrect as it has been is mentioned in the passage
For Q3:
According to the experts, in the light of such positive trends, if America is successful in developing a highly-skilled manufacturing workforce, then more companies will bring manufacturing jobs to America
3. What, as per the author, should America do to strengthen its manufacturing sector further?
A. Raise oil prices----incorrect
B. Reduce tax incentives----incorrect
C. Reduce exports----incorrect
D. Increase tax rates----incorrect
E. Develop a highly skilled manufacturing workforce.---------recommendation by author correct
For Q4:
Credit for the same goes to the new tax-reform package, which reduced corporate-tax rates, made capital investment more attractive, and cut the incentive for American MNCs to hoard cash overseas.
4. Which of the following is not mentioned in the passage?
A. High costs have forced Electrolux to close its oven manufacturing plant in Tennessee.
B. The American manufacturing sector has recovered from the recession of 2008-09------mentioned, so incorrect
C. The new tax-reform package motivated the American MNCs to hoard cash overseas.------correct answer, as opposite is mentioned
D. The new tax-reform package is the main reason behind the growth of manufacturing industry in America.------mentioned, so incorrect
E. The cost of manufacturing is similar in China and America at present.------mentioned, so incorrect
===============================================================================
If you like then please award a Kudos
A. To discuss the policies being used in America-------author's focus is more on mfg sector's improvement and recommendations related to it
B. To explain how its policies have harmed the manufacturing sector in America.------opposite, it talks about how policies have helped the sector
C. To demonstrate the ineffective policies of America----opposite, it talks about how policies have helped the sector
D. To discuss how the manufacturing sector is growing in America-----yes, the main point, author emphasis is on the mfg sector, how it is improving and further recommendations to improve it further
E. To discuss how the new policies have helped America grow in various sectors----talking about mfg sector only, no various sectors
For Q2
"Credit for the same goes to the new tax-reform package, which reduced corporate-tax rates, made capital investment more attractive, and cut the incentive for American MNCs to hoard cash overseas. As a result, investment in plants and equipment in America has increased. "
2. Which of the following has not been mentioned as the effect of new tax reforms?
A. It cut the incentive for American MNCs to hoard cash overseas-------incorrect as it has been is mentioned in the passage
B. It led to an increase in the investment in plants and equipment in America-------incorrect as it has been is mentioned in the passage
C. It made capital investment more attractive-------incorrect as it has been is mentioned in the passage
D. Foxconn retracted its promise of building a manufacturing plant in Wisconsin.-----correct, as it is not the effect of new policy
E. It reduced corporate-tax rates-------incorrect as it has been is mentioned in the passage
For Q3:
According to the experts, in the light of such positive trends, if America is successful in developing a highly-skilled manufacturing workforce, then more companies will bring manufacturing jobs to America
3. What, as per the author, should America do to strengthen its manufacturing sector further?
A. Raise oil prices----incorrect
B. Reduce tax incentives----incorrect
C. Reduce exports----incorrect
D. Increase tax rates----incorrect
E. Develop a highly skilled manufacturing workforce.---------recommendation by author correct
For Q4:
Credit for the same goes to the new tax-reform package, which reduced corporate-tax rates, made capital investment more attractive, and cut the incentive for American MNCs to hoard cash overseas.
4. Which of the following is not mentioned in the passage?
A. High costs have forced Electrolux to close its oven manufacturing plant in Tennessee.
B. The American manufacturing sector has recovered from the recession of 2008-09------mentioned, so incorrect
C. The new tax-reform package motivated the American MNCs to hoard cash overseas.------correct answer, as opposite is mentioned
D. The new tax-reform package is the main reason behind the growth of manufacturing industry in America.------mentioned, so incorrect
E. The cost of manufacturing is similar in China and America at present.------mentioned, so incorrect
===============================================================================
If you like then please award a Kudos
General Discussion
02 Apr 2022, 08:34
Kudos
Bookmarks
1 - D vs E. E talks about various sectors. We have only talked about Manufacturing sector. Therefore D
2 - D everything apart from this is mentioned as direct effect of Tax
4 - C since new tax form doesn't motivate cash hoarding overseas (mentioned in the passage)
2 - D everything apart from this is mentioned as direct effect of Tax
4 - C since new tax form doesn't motivate cash hoarding overseas (mentioned in the passage)
