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Many people believe that gold and platinum are the most valuable commo

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Many people believe that gold and platinum are the most valuable commo  [#permalink]

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New post 15 Feb 2017, 04:32
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  55% (hard)

Question Stats:

58% (01:24) correct 42% (01:29) wrong based on 500 sessions

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Many people believe that gold and platinum are the most valuable commodities. To the true entrepreneur, however, gold and platinum are less valuable than opportunities that can enable him to further enrich himself. Therefore, in the world of high finance, information is the most valuable commodity.

The author of the passage above makes which of the following assumptions?

A. Gold and platinum are not the most valuable commodities.
B. Entrepreneurs are not like most people.
C. The value of information is incalculably high.
D. Information about business opportunities is accurate and will lead to increased wealth.
E. Only entrepreneurs feel that information is the most valuable commodity.

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Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

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New post 15 Feb 2017, 08:05
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SajjadAhmad wrote:
Many people believe that gold and platinum are the most valuable commodities. To the true entrepreneur, however, gold and platinum are less valuable than opportunities that can enable him to further enrich himself. Therefore, in the world of high finance, information is the most valuable commodity.

The author of the passage above makes which of the following assumptions?

A. Gold and platinum are not the most valuable commodities.
B. Entrepreneurs are not like most people.
C. The value of information is incalculably high.
D. Information about business opportunities is accurate and will lead to increased wealth.
E. Only entrepreneurs feel that information is the most valuable commodity.



i reached to the correct answer by POE ...but not still convinced D is the answer..
A- already mentioned
B-Out of scope
C-Given..
D-only left answer ... :)
E-word "only" make this answer choice little evasive.
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Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

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New post 15 Feb 2017, 08:36
Many people believe that gold and platinum are the most valuable commodities. To the true entrepreneur, however, gold and platinum are less valuable than opportunities that can enable him to further enrich himself. Therefore, in the world of high finance, information is the most valuable commodity.

The author of the passage above makes which of the following assumptions?

A. Gold and platinum are not the most valuable commodities.
B. Entrepreneurs are not like most people.
C. The value of information is incalculably high.
D. Information about business opportunities is accurate and will lead to increased wealth.
E. Only entrepreneurs feel that information is the most valuable commodity.

In an inference question the the inference is the link that connects the premise and the conclusion so we find the point that links the premise and the conclusion,

Option A it may be true according to the first premise but does not leads to the conclusion--so out
Option B Clearly out of scope since ther is no comparison between entrepreneurs and most of the people.
Option C the choice seems close to what we need but its actuall not and is a general point of view and does not leads to the conclusion that why is information the most valuable comodity for a entrepreneur
Option D An entrepreneur works to make money and he choses information over gold and platinum why because it must lead him to make more money thats why information is more valuable and thus this is the correct choice.
Option E anyone can find valuable information but entreprenuers are constantly seeking that information .but it does not mean that only entreprenuers may find it,so out
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Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

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New post 16 Feb 2017, 14:57
Hi Experts, I chose C. If it is not high then argument will break. Whats wrong here?
Thanks
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Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

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New post 17 Feb 2017, 05:18
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rakaisraka wrote:
Hi Experts, I chose C. If it is not high then argument will break. Whats wrong here?
Thanks


Note the word "incalculably". Whether the value can be calculated or cannot be calculated has no relation with the argument. Hence C is irrelevant.
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Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

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New post 17 Feb 2017, 09:03
The assumption is the missing link between the premise(s) and the conclusion.

One of the premises: Opportunities >> commodities such as gold and platinum
Conclusion: Information most valuable commodity
The assumption made by the author: The information provides the opportunities.

A. Gold and platinum are not the most valuable commodities. This appears to me as another way of stating the conclusion.

B. Entrepreneurs are not like most people. That's a broad assumption to make from the volume of information provided. Moreover, the option doesn't provide any information on how 'information' is the most valuable commodity. Incorrect.

C. The value of information is incalculably high. But does it create any opportunity to create wealth? The invaluable information can be irrelevant as per context.

D. Information about business opportunities is accurate and will lead to increased wealth. This option establishes the link.

E. Only entrepreneurs feel that information is the most valuable commodity. Too strong a tone for an assumption. Also, no relevant information is provided.

Thus, option D.
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Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

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New post 17 Feb 2017, 20:42
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rakaisraka wrote:
Hi Experts, I chose C. If it is not high then argument will break. Whats wrong here?
Thanks

C is already given as a conclusion. N I can't assume a conclusion

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Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

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New post 01 Dec 2017, 10:59
Only D seems right to me hence it is the answer
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Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

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Re: Many people believe that gold and platinum are the most valuable commo   [#permalink] 12 Dec 2018, 11:46
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