GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 22 Feb 2019, 06:35

Close

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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in February
PrevNext
SuMoTuWeThFrSa
272829303112
3456789
10111213141516
17181920212223
242526272812
Open Detailed Calendar
  • Free GMAT RC Webinar

     February 23, 2019

     February 23, 2019

     07:00 AM PST

     09:00 AM PST

    Learn reading strategies that can help even non-voracious reader to master GMAT RC. Saturday, February 23rd at 7 AM PT
  • FREE Quant Workshop by e-GMAT!

     February 24, 2019

     February 24, 2019

     07:00 AM PST

     09:00 AM PST

    Get personalized insights on how to achieve your Target Quant Score.

Like any industry, the gaming industry has seen several

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

 
Manager
Manager
User avatar
G
Joined: 31 Aug 2016
Posts: 223
Location: India
Concentration: Operations, Finance
GMAT 1: 680 Q49 V33
GMAT 2: 700 Q49 V37
GPA: 2.81
Premium Member Reviews Badge
Like any industry, the gaming industry has seen several  [#permalink]

Show Tags

New post Updated on: 13 Feb 2019, 17:22
1
Question 1
00:00
A
B
C
D
E

based on 51 sessions

47% (03:19) correct 53% (04:08) wrong

HideShow timer Statistics

Question 2
00:00
A
B
C
D
E

based on 60 sessions

20% (00:35) correct 80% (00:40) wrong

HideShow timer Statistics

Question 3
00:00
A
B
C
D
E

based on 59 sessions

52% (01:31) correct 48% (01:10) wrong

HideShow timer Statistics

Like any industry, the gaming industry has seen several cycles of expansion and consolidation. In many cases, trends and developments have enabled cagey and successful newcomers to absorb staid stalwarts who lost their edge. But over-expansion and an inability to maintain flexibility have turned the tables on more than one aggressive upstart.

Such was the case with Wizards of the Coast, following a breakout emergence in 1993. Known traditionally as a struggling outfit of gamers with more passion than business experience, Wizards of the Coast in 1993 published the now legendary title Magic: The Gathering and, in the process, rewrote the book on gaming. Combining the popularity of trading cards with a combative pseudo-role-playing game system, Magic spawned the collectible trading card game genre and became a whirlwind success. Sweeping through the related communities of gaming, collectibles, and fandom, the game sold in unprecedented numbers. The drive to win required players to amass decks containing the most powerful and rarest of cards. The card-hoarding mentality drove frenzied sales whenever the rumor of a new card's release spread across the budding Internet communities.

The trading card business flourished as many in the target market found themselves moving into professional careers with dramatically increased disposable income. Flush with cash, Wizards of the Coast sought acquisitions and, in 1997, acquired TSR, the famed owner of Dungeons and Dragons. This classic game was not only responsible for the rise of the modern social gaming market but was still the genre's most popular title. Spread thin and across many product lines, TSR had become a victim of its own success, unwilling to return to core product lines after diversifying into novels, video games, and even Saturday morning cartoons. TSR came at a discount and the management of Wizards immediately began making tough decisions and culling dead product areas.

Concurrently, Wizards' own expansion continued as a series of retail stores and clubs opened, providing places for players of Magic and other games to gather and play. Elaborate plans were made to re-launch much of the Dungeons and Dragons line in a new series of books and player aids. Finally, in 1999, old-school corporate America arrived in the form of Hasbro, which acquired Wizards at a phenomenal premium. For ownership of a company that was piling success upon success, however, no price seemed too high.

Unfortunately, a number of facts conspired to reverse the meteoric rise and bring about a gradual, painful descent. The seemingly inexhaustible interest in increasingly elaborate trading card games waned, and even the core offerings of Magic and Pokemon lost their excitement. The "dot-com" crash played its role in the decline since much of the fast-climbing IT profession, long a center of gaming and collectibles, found itself on hard times. Traditional role-playing gamers were disturbed by the push to release revised versions of Dungeons and Dragons and balked at several high-profile and high-budget launches. Soon Wizards' retail stores were closing and, in 2003, even its massive Seattle flagship store was forced to close. Today, Wizards of the Coast continues as a subsidiary of Hasbro, marketing to the more serious hobbyist gamer rather than to the casual game buyer. Ironically, its major income sources are now the various Dungeons and Dragons titles acquired years ago from then-struggling TSR.





01. According to the passage, the struggles of Wizards of the Coast could best be seen as

A. not uncommon among game companies.
B. significantly more extreme than those faced by other game companies.
C. effectively identical to those faced by TSR.
D. a sign of the times during the "dot-com" crash.
E. the direct result of inexperienced management.



2. The tone of this passage could best be summarized as:

A. ambivalent
B. optimistic
C. revisionary
D. disparaging
E. cautionary



3. According to the information in the passage, at the time of its acquisition by Wizards of the Coast, TSR had been involved with all of the following products EXCEPT:

A.Saturday morning cartoons
B. Role-playing games
C. Collectible trading card games
D. Works of fiction
E. Video games


_________________

Resources
GMATNinja Webinars
GMATNinja Chats

Quant
Mixtures


Originally posted by PeepalTree on 08 Sep 2018, 04:35.
Last edited by PeepalTree on 13 Feb 2019, 17:22, edited 1 time in total.
Manager
Manager
User avatar
G
Joined: 31 Aug 2016
Posts: 223
Location: India
Concentration: Operations, Finance
GMAT 1: 680 Q49 V33
GMAT 2: 700 Q49 V37
GPA: 2.81
Premium Member Reviews Badge
Re: Like any industry, the gaming industry has seen several  [#permalink]

Show Tags

New post 08 Sep 2018, 04:39
GMATNinja / workout / mikemcgarry / carcass.
/ chetan2u / daagh
One question to experts. How relevant are these tone questions now in GMAT?
_________________

Resources
GMATNinja Webinars
GMATNinja Chats

Quant
Mixtures

Board of Directors
User avatar
P
Joined: 01 Sep 2010
Posts: 3352
Re: Like any industry, the gaming industry has seen several  [#permalink]

Show Tags

New post 10 Oct 2018, 11:19
1
Top Contributor
Manager
Manager
User avatar
G
Joined: 03 Mar 2017
Posts: 248
Reviews Badge CAT Tests
Re: Like any industry, the gaming industry has seen several  [#permalink]

Show Tags

New post 11 Oct 2018, 19:02
Quote:
2. The tone of this passage could best be summarized as:

A. ambivalent
B. optimistic
C. revisionary
D. disparaging
E. cautionary


This is a good question. Actually If you read the passage you will notice that author is telling us about the trend in gaming industry. He takes an example of "Wizards of the Coast" to explain what happened to this company.

Option A,B,D are clearly out of scope.

In Between C and E, C sounds good as author's tone is certainly not cautious.Neither he ,at any point in the passage, intents to show us that he is indeed trying to convey a word of caution.

So IMO C.
_________________

--------------------------------------------------------------------------------------------------------------------------
All the Gods, All the Heavens, and All the Hells lie within you.

Intern
Intern
avatar
B
Joined: 12 Sep 2018
Posts: 3
Re: Like any industry, the gaming industry has seen several  [#permalink]

Show Tags

New post 13 Oct 2018, 00:32
I´m a little bit confused about the answer options for question 2. Those are completely mixed up. Is the right answer "revisionary"??
Intern
Intern
avatar
B
Joined: 10 Sep 2016
Posts: 4
Location: India
Concentration: General Management, Strategy
GMAT 1: 710 Q50 V35
GPA: 3.9
WE: Sales (Internet and New Media)
CAT Tests
Re: Like any industry, the gaming industry has seen several  [#permalink]

Show Tags

New post 13 Oct 2018, 06:05
PeepalTree wrote:
jHue wrote:
I´m a little bit confused about the answer options for question 2. Those are completely mixed up. Is the right answer "revisionary"??

Answer is optimistic

Wouldn't revisionary be the right answer?

The tone doesn't look optimistic.
Manager
Manager
User avatar
G
Joined: 03 Mar 2017
Posts: 248
Reviews Badge CAT Tests
Re: Like any industry, the gaming industry has seen several  [#permalink]

Show Tags

New post 15 Oct 2018, 03:03
1
FearTheBeard wrote:
PeepalTree wrote:
jHue wrote:
I´m a little bit confused about the answer options for question 2. Those are completely mixed up. Is the right answer "revisionary"??

Answer is optimistic

Wouldn't revisionary be the right answer?

The tone doesn't look optimistic.


C is indeed correct.
_________________

--------------------------------------------------------------------------------------------------------------------------
All the Gods, All the Heavens, and All the Hells lie within you.

Intern
Intern
User avatar
B
Joined: 13 Jun 2016
Posts: 17
Re: Like any industry, the gaming industry has seen several  [#permalink]

Show Tags

New post 14 Jan 2019, 02:54
I solved this question in Veritas test today,the OA to Q2 is E.Here's the OE:

Correct Answer: E

The overall tone of this passage is concerned, and perhaps slightly saddened, by the failure of Wizards of the Coast. Answer choice (A), "ambivalent," means uncaring or lacking an opinion, which does not fit the tone of the passage. Neither does "optimistic" in answer choice (B). "Revisionary" implies a change or challenge to the generally accepted viewpoint, and since we have no information about how this passage may or may not agree with other opinions, (C) is incorrect. (D), "disparaging," means harshly critical, which does not match the tone of the passage. Answer choice (E), "cautionary," fits the tone of mild concern and is the correct answer.
GMAT Club Bot
Re: Like any industry, the gaming industry has seen several   [#permalink] 14 Jan 2019, 02:54
Display posts from previous: Sort by

Like any industry, the gaming industry has seen several

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.