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# RC Forum Rules - MUST Read

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Founder
Joined: 04 Dec 2002
Posts: 19465
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3.5

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Updated on: 11 Sep 2019, 10:30
18
24
Question 1
00:00

based on 551 sessions

71% (02:25) correct 29% (02:25) wrong

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Question 2
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based on 480 sessions

59% (00:58) correct 41% (01:26) wrong

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Question 3
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based on 468 sessions

71% (01:06) correct 29% (01:26) wrong

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Question 4
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based on 442 sessions

35% (01:17) correct 65% (01:16) wrong

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Question 5
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based on 397 sessions

31% (01:25) correct 69% (01:33) wrong

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Question 6
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based on 368 sessions

43% (01:46) correct 57% (01:32) wrong

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Question 7
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based on 365 sessions

69% (00:57) correct 31% (01:00) wrong

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Question 8
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based on 362 sessions

63% (00:31) correct 37% (00:41) wrong

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Question 9
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based on 352 sessions

89% (00:42) correct 11% (00:49) wrong

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Welcome to the GMAT Club's RC Forum!

We spend a lot of time making this forum well organized and helpful - please help with this goal by following a few simple rules:

Rules for RC forum
• Do not create duplicate threads.Kindly Search before you post
• RC must be posted with all the questions included (as in the original source) & with OA's. One can ask specific questions once one do the above outlined.
• Include OE where ever it is possible.
• If one does not follow these guidelines then post will be deleted.
• Kindly maintain the proper FORMAT.

Example of Properly formatted RC

Mesbic's are the result of the belief that providing established firms with easier access to relevant management techniques and more job-specific experience, as well as substantial amounts of capital, gives those firms a greater opportunity to develop sound business foundations than does simply making general management experience and small amounts of capital available. further, since potential markets for the minority businesses already exist through the sponsoring companies, the minority businesses face considerably less risk in terms of location and market fluctuation. following (38)early financial and operating problems, sponsoring corporations began to capitalize mesbic's far above the legal minimum of \$500,000 in order to generate sufficient income and to sustain the quality of management needed. mesbic'c are now emerging as increasingly important financing sources for minority enterprises.

Ironically, mesbic staffs, which usually consist of hispanic and black professionals, tend to approach investments in minority firms more pragmatically than do many mesbic directors, who are usually senior managers from sponsoring corporations. the latter often still think mainly in terms of the "social responsibility approach" and thus seem to prefer deals that are riskier and less attractive than normal investment criteria would warrant. such differences in viewpoint have produced uneasiness among many minority staff members, who feel that minority entrepreneurs and businesses should be judged by established business considerations. these staff members believe their point of view is closer to the original philosophy of mesbic's and they are concerned that, unless a more prudent course is followed, mesbic directors may revert to policies likely to recreate the disappointing results of the original sba approach.

1. which of the following best states the central idea of the passage?

(a) the use of mesbic's for aiding minority entrepreneurs seems to have greater potential for success than does the original sba approach.
(b) there is a crucial difference in point of view between the staff and directors of some mesbic's.
(c) after initial problems with management and marketing, minority businesses have begun to expand at a steady rate.
(d) minority entrepreneurs wishing to form new businesses now have several equally successful federal programs on which to rely.
(e) for the first time since 1960, large corporations are making significant contributions to the development of minority businesses.

2. according to the passage, the mesbic approach differs from the sba approach in that mesbic's

(a) seek federal contracts to provide markets for minority businesses
(c) attempt to maintain a specified rate of growth in the minority business sector
(d) rely on the participation of large corporations to finance minority businesses
(e) select minority businesses on the basis of their location

3. which of the following does the author cite to support the conclusion that the results of the sba program were disappointing?

(a) the small number of new minority enterprises formed as a result of the program
(b) the small number of minority enterprises that took advantage of the management and technical assistance offiered under the program
(c) the small percentage of the nation's business receipts earned by minority enterprises following the programs, implementation.
(d) the small percentage of recipient minority enterprises that were able to repay federally guaranteed loans made under the program
(e) the small number of minority enterprises that chose to participate in the program

4. which of the following statements about the sba program can be inferred from the passage?

(a) the maximum term for loans made to recipient businesses was 15 years.
(b) business loans were considered to be more useful to recipient businesses than was management and technical assistance.
(c) the anticipated failure rate for recipient businesses was significantly lower than the rate that actually resulted.
(d) recipient businesses were encouraged to relocate to areas more favorable for business development.
(e) the capitalization needs of recipient businesses were assessed and then provided for adequately.

5. based on information in the passage, which of the following would be indicative of the pragmatism of mesbic staff members?

Ⅰ.a reluctance to invest in minority businesses that show marginal expectations of return on the investments
Ⅱ. a desire to invest in minority businesses that produce goods and services likely to be of use to the sponsoring company
Ⅲ. a belief that the minority business sector is best served by investing primarily in newly established businesses
(a)Ⅰonly
(b) Ⅲ only
(c)Ⅰand Ⅱ only
(d)Ⅱ and Ⅲ only
(e)Ⅰ,Ⅱ and Ⅲ

6. the author refers to the "financial and operating problems"(line 38 ) encountered by mesbic's primarily in order to

(a) broaden the scope of the discussion to include the legal considerations of funding mesbic's through sponsoring companies
(b) call attention to the fact that mesbic's must receive adequate funding in order to function effectively
(c) show that sponsoring companies were willing to invest only \$500,000 of government-sponsored venture capital in the original mesbic's
(d) compare sba and mesbic limits on minimum funding
(e) refute suggestions that mesbic's have been only marginally successful

7. the author's primary objective in the passage is to

(a) disprove the view that federal efforts to aid minority businesses have been ineffective
(b) explain how federal efforts to aid minority businesses have changed since the 1960's
(c) establish a direct link between the federal efforts to aid minority businesses made before the 1960's and those made in the 1980's
(d) analyze the basis for the belief that job-specific experience is more useful to minority businesses than is general management experience
(e) argue that the "social responsibility approach" to aiding minority businesses is superior to any other approach

8. it can be inferred from the passage that the attitude of some mesbic staff members toward the investments preferred by some mesbic directors can best be described as

(a) defensive
(b) resigned
(c) indifferent
(d) shocked
(e) disapproving

9. the passage provides information that would answer which of the following questions?

(a) what was the average annual amount, in dollars, of minority business receipts before the sba strategy was implemented?
(b) what locations are considered to be unfavorable for minority businesses?
(c) what is the current success rate for minority businesses that are capitalized by mesbic's?
(d) how has the use of federal funding for minority businesses changed since the 1960's?
(e) how do minority businesses apply to participate in a mesbic program?

Example of How to Post RC Questions

Code:
[align=justify][box_out][box_in]Paragraph[/box_in][box_in]Questions[/box_in][/box_out][/align]

Example of how post Individual RC Question Timers:

Code:
[rc_timer]1[/rc_timer] - this is for question #1
[rc_timer]2[/rc_timer] - this is for question #2
so on....

1, and 2 would be used for questions 1, and 2. Please change them to be 3, 4, 5, 6, etc depending on how many questions you have. Each Timer MUST be placed Above the question and the Spoiler Below the question.

How the Code Works Together:

Attachment:

3.jpg [ 208.13 KiB | Viewed 5428 times ]

Thank you for you support.
These will be strictly enforced!
Please do not get upset if you get a warning by not following these rules. I don't care if you have been on this site since before FB was invented - the rules are the rules!

_________________

Originally posted by bb on 12 Jul 2013, 09:40.
Last edited by SajjadAhmad on 11 Sep 2019, 10:30, edited 11 times in total.
Updated.
Board of Directors
Joined: 01 Sep 2010
Posts: 3445

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12 Jul 2013, 14:14
1
I would add : kindly posting answers with specific explanations, then after a huge amount to find tough and structured passage....indeed what I see are A B D C and so forth in a row – well this is really disarming.

Good one.

Regards
_________________
Manager
Joined: 22 Apr 2013
Posts: 77

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12 Jul 2013, 14:59
3
bb wrote:

Welcome to the GMAT Club's RC Forum!

[*] RC must be posted with all the questions included (as in the original source) & with OA's. One can ask specific !

IMO the OA needs to be included with all questions.
Manager
Joined: 02 Mar 2018
Posts: 53
Location: India
GMAT 1: 640 Q51 V26
GPA: 3.1

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13 Jun 2018, 18:39
bb, Can you please guide me to find where answer to the question 6 is mentioned in the passage.

Thanks!
Math Expert
Joined: 02 Sep 2009
Posts: 62499

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13 Jun 2018, 19:08
2
gsingh0711 wrote:
bb, Can you please guide me to find where answer to the question 6 is mentioned in the passage.

Thanks!

That passage is discussed here: https://gmatclub.com/forum/federal-effo ... -4518.html 6th questions is 5th in that links though.

Hope it helps.
_________________
Senior Manager
Joined: 15 Nov 2016
Posts: 267

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29 Jun 2018, 20:49
1
Hi,

how do I add questions? I didn't quite understand the code bit...
I'm going to try upload a passage, please correct me if I haven't done it properly...
Founder
Joined: 04 Dec 2002
Posts: 19465
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3.5

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27 Jul 2018, 10:52
1
ENEM wrote:
Hi,

how do I add questions? I didn't quite understand the code bit...
I'm going to try upload a passage, please correct me if I haven't done it properly...

Thank you for the question - it is a good one since we have recently (last year) updated the RC timer and formatting but it seems this thread was left behind.
Thanks for taking a shot at it - you did it absolutely correctly (I did add the timers to your topic but that was not provided in instructions, which I have updated).

Thank you,
BB
_________________
Intern
Joined: 13 Jan 2018
Posts: 30
Location: India
Concentration: Operations, Strategy
GMAT 1: 530 Q46 V17
GMAT 2: 640 Q49 V28

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08 Sep 2019, 23:16
bb

Can you please guide me on how one can add OA with each answer choice in the RC?

Thanks !!!
Founder
Joined: 04 Dec 2002
Posts: 19465
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3.5

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08 Sep 2019, 23:19
srij13 wrote:
bb

Can you please guide me on how one can add OA with each answer choice in the RC?

Thanks !!!

When you are posting the RC, you need to scroll down on the posting page

I am surprised we have RC questions missing. Make sure you search before you post so you don't create duplicates. Moderators get irked when people don't search and their trigger fingers start twitching.
_________________
Intern
Joined: 13 Jan 2018
Posts: 30
Location: India
Concentration: Operations, Strategy
GMAT 1: 530 Q46 V17
GMAT 2: 640 Q49 V28

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08 Sep 2019, 23:23
Heybb

GMAT Club team member
Status: GMAT Club Team Member
Affiliations: GMAT Club
Joined: 02 Nov 2016
Posts: 5371
GPA: 3.62

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08 Sep 2019, 23:32
1
You can add OE in the same way as you add OA under the spoiler see and example below.

Spoiler: :: OE
All of the OE Text here

here is how code works.

Attachment:

njbh.jpg [ 7.79 KiB | Viewed 5498 times ]

Hope it helps

srij13 wrote:
Heybb

_________________
Re: RC Forum Rules - MUST Read   [#permalink] 08 Sep 2019, 23:32
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