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Full-length FE mock with insightful analytics, weakness diagnosis, and video explanations!
21 Mar 2023, 01:30
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Difficulty:
95%
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Question Stats:
42% (02:11) correct
58%
(02:22)
wrong
based on 124
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Last year, Energy Corp's oil sales increased suddenly in the region of lower Ossamia. The Chief Financial Officer of the company explained this increase as the result of industrialization in the developing Ossamian nation of Kokua. He predicts that, consequently, trade made possible by industrialization will grow between Kokua and its Ossamian neighbors this year, leading to further increases in Energy Corp sales in the region.
Each of the following, if true, provides some support for the CFO's prediction described above EXCEPT:
A. Although non-Ossamian countries have a military and trade presence in Ossamia, their oil sales last year in the region were not significantly above normal levels.
B. Mines accessing Kokua's rich natural resources were put into operation for the first time last year.
C. Each of the Ossamian countries currently have few restrictions in place on the business that can be done with its neighboring countries.
D. One of Energy Corp's primary competitors had a tanker accident early last year that caused environmental damage in Ossamia and damaged the company's standing in the area.
E. One of Ossamia's neighbors, a developing nation, has a growing population with a reasonable amount of disposable wealth.
Each of the following, if true, provides some support for the CFO's prediction described above EXCEPT:
A. Although non-Ossamian countries have a military and trade presence in Ossamia, their oil sales last year in the region were not significantly above normal levels.
B. Mines accessing Kokua's rich natural resources were put into operation for the first time last year.
C. Each of the Ossamian countries currently have few restrictions in place on the business that can be done with its neighboring countries.
D. One of Energy Corp's primary competitors had a tanker accident early last year that caused environmental damage in Ossamia and damaged the company's standing in the area.
E. One of Ossamia's neighbors, a developing nation, has a growing population with a reasonable amount of disposable wealth.
21 Mar 2023, 04:45
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Last year, Energy Corp's oil sales increased suddenly in the region of lower Ossamia. The Chief Financial Officer of the company explained this increase as the result of industrialization in the developing Ossamian nation of Kokua. He predicts that, consequently, trade made possible by industrialization will grow between Kokua and its Ossamian neighbors this year, leading to further increases in Energy Corp sales in the region.
Each of the following, if true, provides some support for the CFO's prediction described above EXCEPT:
A. Although non-Ossamian countries have a military and trade presence in Ossamia, their oil sales last year in the region were not significantly above normal levels. - This weakens the prediction because it shows that even if non-Ossamian countries have trade presence in Ossamia their oil sales did not increase. Besides this does not show whether the trade between the countries will grow this year. (A IMO)
B. Mines accessing Kokua's rich natural resources were put into operation for the first time last year. - This lends support to the prediction because it shows that there will be more natural resources to sell in nearby nations.
C. Each of the Ossamian countries currently have few restrictions in place on the business that can be done with its neighboring countries. - This lends support to the prediction. If there are few restrictions then it means trade is possible between the Ossamian nations.
D. One of Energy Corp's primary competitors had a tanker accident early last year that caused environmental damage in Ossamia and damaged the company's standing in the area. - This lends support to the prediction. Since on the primary competitors of Energy Corp has been eliminated from the area, this makes it more likely that nations in Ossamia region will purchase oil from Energy Corp.
E. One of Ossamia's neighbors, a developing nation, has a growing population with a reasonable amount of disposable wealth. - This lends support to the prediction. If one of Ossamia's neighbors, a developing nation, has a growing population with a reasonable amount of disposable wealth then this shows that people have the resources to make purchases from the nearby nations.
Each of the following, if true, provides some support for the CFO's prediction described above EXCEPT:
A. Although non-Ossamian countries have a military and trade presence in Ossamia, their oil sales last year in the region were not significantly above normal levels. - This weakens the prediction because it shows that even if non-Ossamian countries have trade presence in Ossamia their oil sales did not increase. Besides this does not show whether the trade between the countries will grow this year. (A IMO)
B. Mines accessing Kokua's rich natural resources were put into operation for the first time last year. - This lends support to the prediction because it shows that there will be more natural resources to sell in nearby nations.
C. Each of the Ossamian countries currently have few restrictions in place on the business that can be done with its neighboring countries. - This lends support to the prediction. If there are few restrictions then it means trade is possible between the Ossamian nations.
D. One of Energy Corp's primary competitors had a tanker accident early last year that caused environmental damage in Ossamia and damaged the company's standing in the area. - This lends support to the prediction. Since on the primary competitors of Energy Corp has been eliminated from the area, this makes it more likely that nations in Ossamia region will purchase oil from Energy Corp.
E. One of Ossamia's neighbors, a developing nation, has a growing population with a reasonable amount of disposable wealth. - This lends support to the prediction. If one of Ossamia's neighbors, a developing nation, has a growing population with a reasonable amount of disposable wealth then this shows that people have the resources to make purchases from the nearby nations.
