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  • Typical Day of a UCLA MBA Student - Recording of Webinar with UCLA Adcom and Student

     December 14, 2018

     December 14, 2018

     10:00 PM PST

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    Carolyn and Brett - nicely explained what is the typical day of a UCLA student. I am posting below recording of the webinar for those who could't attend this session.
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    Aiming to score 760+? Attend this FREE session to learn how to Define your GMAT Strategy, Create your Study Plan and Master the Core Skills to excel on the GMAT.

Manufacturers are welcoming the news that the ban on certain kinds of

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Manufacturers are welcoming the news that the ban on certain kinds of  [#permalink]

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New post 08 Aug 2018, 21:24
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Difficulty:

  35% (medium)

Question Stats:

81% (01:47) correct 19% (01:42) wrong based on 31 sessions

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Manufacturers are welcoming the news that the ban on certain kinds of oil exports from the United States will soon be lifted, a move that will particularly benefit oil companies that produce unrefined oil such as condensate, allowing them to sell their oil overseas without having to make use of refineries. For this reason, the oil refining industry is likely to suffer heavy losses.

Which of the following questions most helps to evaluate the above argument?

A
Will the oil companies that want to export unrefined oil be able to do so using the same methods that they use to export refined oil?

B
Do the refineries that process oil for export themselves produce oil for supply to various buyers within the country?


C
Can companies currently seeking to export oil overseas do so without authorization from the Department of Commerce?



D
Will lifting the ban on some kinds of oil products lead to increased sales of exported oil, thereby boosting the country’s economy?



E
Does the oil refined for exporting form a considerable proportion of the business for the refining industry?

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Re: Manufacturers are welcoming the news that the ban on certain kinds of  [#permalink]

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New post 09 Aug 2018, 01:32
Cbirole wrote:
Manufacturers are welcoming the news that the ban on certain kinds of oil exports from the United States will soon be lifted, a move that will particularly benefit oil companies that produce unrefined oil such as condensate, allowing them to sell their oil overseas without having to make use of refineries. For this reason, the oil refining industry is likely to suffer heavy losses.

Which of the following questions most helps to evaluate the above argument?

A
Will the oil companies that want to export unrefined oil be able to do so using the same methods that they use to export refined oil?

B
Do the refineries that process oil for export themselves produce oil for supply to various buyers within the country?


C
Can companies currently seeking to export oil overseas do so without authorization from the Department of Commerce?



D
Will lifting the ban on some kinds of oil products lead to increased sales of exported oil, thereby boosting the country’s economy?



E
Does the oil refined for exporting form a considerable proportion of the business for the refining industry?


Use "Yes/No" method to evaluate options.
A. Talks only about companies, not oil refined industry. Answer to this question has no effect on conclusion
B. This is a trap. Refeneries according to argument would suffer losses from absence of orders from oil exporters, not from other businesses. Even if refeneries have otehr sources of income they may still suffer losses.
C. Out of scope. Talks about oil companies, not refeneries
D. Country economy is out of scope.
E.Correct. If oil refined for export forms a small proportion of company's business probably potential losses would be negligible
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Re: Manufacturers are welcoming the news that the ban on certain kinds of &nbs [#permalink] 09 Aug 2018, 01:32
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