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

It is currently 15 Oct 2018, 16:59

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

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

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

Hide Tags

SVP
SVP
User avatar
V
Status: Preparing GMAT
Joined: 02 Nov 2016
Posts: 1721
Location: Pakistan
GPA: 3.39
Premium Member CAT Tests
Many people believe that gold and platinum are the most valuable commo  [#permalink]

Show Tags

New post 15 Feb 2017, 05:32
2
7
00:00
A
B
C
D
E

Difficulty:

  45% (medium)

Question Stats:

60% (01:23) correct 40% (01:26) wrong based on 385 sessions

HideShow timer Statistics

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.

_________________

Official PS Practice Questions
Press +1 Kudos if this post is helpful

Director
Director
avatar
P
Joined: 14 Nov 2014
Posts: 644
Location: India
Schools: Rotman '20 (S)
GMAT 1: 700 Q50 V34
GPA: 3.76
Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

Show Tags

New post 15 Feb 2017, 09:05
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.
Director
Director
User avatar
G
Joined: 04 Sep 2015
Posts: 513
Location: India
WE: Information Technology (Computer Software)
CAT Tests
Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

Show Tags

New post 15 Feb 2017, 09:36
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
Manager
Manager
avatar
B
Joined: 27 Aug 2015
Posts: 86
Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

Show Tags

New post 16 Feb 2017, 15:57
Hi Experts, I chose C. If it is not high then argument will break. Whats wrong here?
Thanks
Retired Moderator
User avatar
G
Joined: 14 Dec 2013
Posts: 3036
Location: Germany
Schools: HHL Leipzig
GMAT 1: 780 Q50 V47
WE: Corporate Finance (Pharmaceuticals and Biotech)
GMAT ToolKit User Premium Member Reviews Badge
Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

Show Tags

New post 17 Feb 2017, 06:18
1
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.
Manager
Manager
avatar
B
Joined: 04 Aug 2015
Posts: 76
Location: India
Concentration: Leadership, Technology
GMAT 1: 700 Q50 V35
GPA: 3.39
Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

Show Tags

New post 17 Feb 2017, 10:03
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.
Intern
Intern
avatar
B
Joined: 09 Dec 2016
Posts: 6
Location: India
Concentration: General Management, Healthcare
WE: Medicine and Health (Health Care)
Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

Show Tags

New post 17 Feb 2017, 21:42
1
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

Sent from my XT1068 using GMAT Club Forum mobile app
Senior Manager
Senior Manager
avatar
P
Status: To infinity and beyond
Joined: 26 Sep 2017
Posts: 259
Location: India
Concentration: Finance, Technology
GMAT 1: 660 Q50 V30
GPA: 3.31
WE: Engineering (Computer Software)
Reviews Badge
Re: Many people believe that gold and platinum are the most valuable commo  [#permalink]

Show Tags

New post 01 Dec 2017, 11:59
Only D seems right to me hence it is the answer
_________________

Please give kudos if you like my post.Thanks

GMAT Club Bot
Re: Many people believe that gold and platinum are the most valuable commo &nbs [#permalink] 01 Dec 2017, 11:59
Display posts from previous: Sort by

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

  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®.