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28 Jul 2025, 22:00
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A
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Difficulty:
95%
(hard)
Question Stats:
26% (02:17) correct
74%
(02:04)
wrong
based on 174
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Date
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Not Attempted Yet
Management: Our position relative to our main competitor, which is located in the country of Patrio, has improved this year. The Patrian government has placed steep tariffs on imported steel, forcing our competitor to buy steel from sources inside the country at a much higher price. We can conclude that their costs have increased greatly this year, to levels much higher than ours, and they will be forced to deplete their cash reserves, leaving them with less cash in reserve than we will to spend on marketing next year.
Which of the following conclusions is best supported by these comments about the management about its company and its competitor in Patrio?
A. Prior to this year, the competitor in Patrio had cash reserves no greater than those of the management's company.
B. The management's company and its competitor in Patrio have no other major competitors.
C. The management's company and its competitor in Patrio primarily market steel.
D. Prior to this year, the competitor in Patrio was in a position superior to the management's company.
E. This year, the revenues obtained by the competitor in Patrio declined considerably.
Which of the following conclusions is best supported by these comments about the management about its company and its competitor in Patrio?
A. Prior to this year, the competitor in Patrio had cash reserves no greater than those of the management's company.
B. The management's company and its competitor in Patrio have no other major competitors.
C. The management's company and its competitor in Patrio primarily market steel.
D. Prior to this year, the competitor in Patrio was in a position superior to the management's company.
E. This year, the revenues obtained by the competitor in Patrio declined considerably.
28 Jul 2025, 22:11
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A. Prior to this year, the competitor in Patrio had cash reserves no greater than those of the management's company.
Cannot be concluded, this option might or might not be true because competitor's expenses have increased greatly as compared to that of management's company so even if cash reserves were greater prior to this year, there can be more depletion in cash reserves.
B. The management's company and its competitor in Patrio have no other major competitors.
Cannot be concluded, no info on other competitors is given.
C. The management's company and its competitor in Patrio primarily market steel.
Cannot be concluded, no info is given, it might be possible that they only steel import contribution is 30%, yet still lost cash reserves.
D. Prior to this year, the competitor in Patrio was in a position superior to the management's company.
Can be concluded, we know that management's company is in better position this year so it was in inferior position last year.
E. This year, the revenues obtained by the competitor in Patrio declined considerably.
Cannot be concluded, no info is given on revenues.
Cannot be concluded, this option might or might not be true because competitor's expenses have increased greatly as compared to that of management's company so even if cash reserves were greater prior to this year, there can be more depletion in cash reserves.
B. The management's company and its competitor in Patrio have no other major competitors.
Cannot be concluded, no info on other competitors is given.
C. The management's company and its competitor in Patrio primarily market steel.
Cannot be concluded, no info is given, it might be possible that they only steel import contribution is 30%, yet still lost cash reserves.
D. Prior to this year, the competitor in Patrio was in a position superior to the management's company.
Can be concluded, we know that management's company is in better position this year so it was in inferior position last year.
E. This year, the revenues obtained by the competitor in Patrio declined considerably.
Cannot be concluded, no info is given on revenues.
