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

It is currently 11 Dec 2018, 11:17

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 December
PrevNext
SuMoTuWeThFrSa
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345
Open Detailed Calendar
  • Free GMAT Prep Hour

     December 11, 2018

     December 11, 2018

     09:00 PM EST

     10:00 PM EST

    Strategies and techniques for approaching featured GMAT topics. December 11 at 9 PM EST.
  • The winning strategy for 700+ on the GMAT

     December 13, 2018

     December 13, 2018

     08:00 AM PST

     09:00 AM PST

    What people who reach the high 700's do differently? We're going to share insights, tips and strategies from data we collected on over 50,000 students who used examPAL.

Mr. Ivers: If democratic governments are run like profit-making

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

Hide Tags

General GMAT Forum Moderator
avatar
V
Joined: 29 Jan 2015
Posts: 1044
Location: India
WE: General Management (Non-Profit and Government)
GMAT ToolKit User Reviews Badge CAT Tests
Mr. Ivers: If democratic governments are run like profit-making  [#permalink]

Show Tags

New post 06 Oct 2018, 12:21
00:00
A
B
C
D
E

Difficulty:

  55% (hard)

Question Stats:

60% (01:23) correct 40% (01:51) wrong based on 87 sessions

HideShow timer Statistics

Mr. Ivers: If democratic governments are run like profit-making organizations, a doomsday of democracy will be heralded. After all, governments are for the public and should not be making profits.

Ms. Lobo: I disagree. Most of the initiatives that governments need to run for the public are large-scale efforts and need humongous amounts of money. Profit-making is certainly justified as it will lead to better management and greater efficiency.

Which one of the following, if true, would most strengthen Ms. Lobo’s attempt to refute Mr. Iver’s claim?

A- Governments earn a large amount of money through profits from their own initiatives.

B- Most profits through government initiatives are invested in development efforts for public interests.

C- Without making profits, governments cannot implement development efforts.

D- Greater profits in government projects will contribute to reducing the fiscal deficit.

E- Taxes, the largest contributor to government profits, are accepted worldwide as a form of government income.

_________________

If you liked my post, kindly give me a Kudos. Thanks.

Intern
Intern
avatar
B
Joined: 15 Jan 2014
Posts: 34
Location: India
Concentration: Technology, Strategy
Schools: Haas '19
GMAT 1: 650 Q49 V30
GPA: 2.5
WE: Information Technology (Consulting)
Re: Mr. Ivers: If democratic governments are run like profit-making  [#permalink]

Show Tags

New post 06 Oct 2018, 14:29
Best way to strengthen Ms. Lobo's argument is to show that the Government uses profit from initiatives to help the developmental efforts. So this in turn will benefit public.
This directly supports Mr. Ivers's statement : Governments are for the public .so Mr. Ivers has no way to counter the argument by Ms. Lobo.

E is out of scope as we are not concerned about ways in which Government can make profit.
D: Ms. Lobo's argument is specific to Initiatives. This option fails to explain how the initiatives are benifited from Profit.
C: We have to strength the initiative part of government .This is also a bit extreme.
A:This option just tell the source of Profit but information related to usage is missing.
B: Fills the Gap


Please +1 kudos if you liked my post :)
Board of Directors
User avatar
P
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4273
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User Premium Member CAT Tests
Re: Mr. Ivers: If democratic governments are run like profit-making  [#permalink]

Show Tags

New post 06 Oct 2018, 22:21
rohan2345 wrote:
Mr. Ivers: If democratic governments are run like profit-making organizations, a doomsday of democracy will be heralded. After all, governments are for the public and should not be making profits.

Ms. Lobo: I disagree. Most of the initiatives that governments need to run for the public are large-scale efforts and need humongous amounts of money. Profit-making is certainly justified as it will lead to better management and greater efficiency.

Which one of the following, if true, would most strengthen Ms. Lobo’s attempt to refute Mr. Iver’s claim?

A- Governments earn a large amount of money through profits from their own initiatives.

B- Most profits through government initiatives are invested in development efforts for public interests.

C- Without making profits, governments cannot implement development efforts.

D- Greater profits in government projects will contribute to reducing the fiscal deficit.

E- Taxes, the largest contributor to government profits, are accepted worldwide as a form of government income.


Answer must be (B),as Ivers assumes that Govt is making profits on its own benefits, which Lobo refutes by stating that since huge expenses are incurred by the Govt for maintenance & management of Public sustem, the profits generated from operation is ultimately used in better Management and maintanance of those public resources !!!
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

GMAT Club Bot
Re: Mr. Ivers: If democratic governments are run like profit-making &nbs [#permalink] 06 Oct 2018, 22:21
Display posts from previous: Sort by

Mr. Ivers: If democratic governments are run like profit-making

  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®.