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 1212:00 PM EDT
-11:59 PM EDT
Make the most of your break with the most realistic GMAT™ prep. Take up to $700 off select products.
May 1501:00 PM IST
-11:00 AM IST
Start your journey with a fully customized action plan and work with a dedicated mentor to achieve a 735+ score.
May 1810:00 AM PDT
-11:00 AM PDT
Join us in a live GMAT practice session and solve 25 challenging GMAT questions with other test takers in timed conditions, covering GMAT Quant, Data Sufficiency, Data Insights, Reading Comprehension, and Critical Reasoning questions.- May 19
12:00 PM PDT
-01:00 PM PDT
Scoring 329 on the GRE is not always about using more books, more courses, or a longer study plan. In this episode of GRE Success Talks, Ashutosh shares his GRE preparation strategy, study plan, and test-day experience, explaining how he kept his prep.... - Jun 10
06:00 AM PDT
-06:15 PM PDT
Register for the GMAT Club Virtual MBA Spotlight Fair – the world’s premier event for serious MBA candidates. This is your chance to hear directly from Admissions Directors at nearly every Top 30 MBA program..
16 Apr 2025, 05:35
Kudos
Bookmarks
The company’s CEO has established the following guidelines for approving new equipment vendors:
1. The vendor must have minimum assets of $1.5 million.
2. The vendor must purchase electrical components from either ABB or Schneider.
3. The vendor must have at least 5 years of experience in the industry.
4. The vendor must provide at least two client references from Fortune 500 companies.
1. The vendor must have minimum assets of $1.5 million.
2. The vendor must purchase electrical components from either ABB or Schneider.
3. The vendor must have at least 5 years of experience in the industry.
4. The vendor must provide at least two client references from Fortune 500 companies.
Based on the information provided, select Yes if the statement can be concluded. Otherwise, select No.
| Yes | No | |
| The vendor offering the lowest total cost does not meet all of the CEO’s guidelines. | ||
| All four vendors meet the minimum asset requirement. | ||
| Exactly two vendors meet all of the CEO’s eligibility criteria. |
ShowHide Answer
Official Answer
The vendor offering the lowest total cost does not meet all of the CEO’s guidelines.: Yes
All four vendors meet the minimum asset requirement.: Yes
Exactly two vendors meet all of the CEO’s eligibility criteria.: Yes
16 Apr 2025, 05:35
Kudos
Bookmarks
Official Solution:
• The vendor offering the lowest total cost does not meet all of the CEO’s guidelines.
Vendor B has the lowest total cost: $470,000 + $30,000 + $20,000 = $520,000.
However, Vendor B has only 1 Fortune 500 reference. The CEO requires at least 2. Therefore, Vendor B does not meet all guidelines. Answer: Yes.
• All four vendors meet the minimum asset requirement.
The CEO requires at least $1.5 million in assets. Vendor assets are:
Vendor A: $50M, Vendor B: $20M, Vendor C: $10M, Vendor D: $12M.
All are above the minimum threshold. Answer: Yes.
• Exactly two vendors meet all of the CEO’s eligibility criteria.
Vendor A and Vendor C meet all four criteria: assets, approved supplier, experience, and references.
Vendor B fails the reference requirement. Vendor D uses an unapproved electrical supplier. Answer: Yes.
Correct answer:
The vendor offering the lowest total cost does not meet all of the CEO’s guidelines. "Yes"
All four vendors meet the minimum asset requirement. "Yes"
Exactly two vendors meet all of the CEO’s eligibility criteria. "Yes"
Bunuel
• The vendor offering the lowest total cost does not meet all of the CEO’s guidelines.
Vendor B has the lowest total cost: $470,000 + $30,000 + $20,000 = $520,000.
However, Vendor B has only 1 Fortune 500 reference. The CEO requires at least 2. Therefore, Vendor B does not meet all guidelines. Answer: Yes.
• All four vendors meet the minimum asset requirement.
The CEO requires at least $1.5 million in assets. Vendor assets are:
Vendor A: $50M, Vendor B: $20M, Vendor C: $10M, Vendor D: $12M.
All are above the minimum threshold. Answer: Yes.
• Exactly two vendors meet all of the CEO’s eligibility criteria.
Vendor A and Vendor C meet all four criteria: assets, approved supplier, experience, and references.
Vendor B fails the reference requirement. Vendor D uses an unapproved electrical supplier. Answer: Yes.
Correct answer:
The vendor offering the lowest total cost does not meet all of the CEO’s guidelines. "Yes"
All four vendors meet the minimum asset requirement. "Yes"
Exactly two vendors meet all of the CEO’s eligibility criteria. "Yes"
07 Nov 2025, 01:36
Kudos
Bookmarks
I think the statement 1 is ambiguous. The answer would be "No" if you stress out on "all" while reading. It meets 3 of the 4 guidelines, and it's not true that 0/4 guidelines are meet.
