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Since it has become known that several of a bank’s top executives have

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Since it has become known that several of a bank’s top executives have  [#permalink]

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New post 21 Jul 2017, 22:57
7
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A
B
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D
E

Difficulty:

  85% (hard)

Question Stats:

54% (02:06) correct 46% (02:01) wrong based on 355 sessions

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Since it has become known that several of a bank’s top executives have been buying shares in their own bank, the bank’s depositors, who had been worried by rumors that the bank faced impending financial collapse, have been greatly relieved. They reason that since top executives evidently have faith in the bank’s financial soundness, those worrisome rumors must be false. They might well be overoptimistic, however since corporate executives have sometimes bought shares in their own company in a calculated attempt to dispel negative rumors about the company’s health.

In the argument given, the two boldfaced portions play which of the following roles?


A. The first summarizes the evidence used in the reasoning called into question by the argument; the second states the counterevidence on which the argument relies.

B. The first summarizes the evidence used in the reasoning called into question by the argument; the second is an intermediate conclusion supported by the evidence.

C. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second is evidence that undermines the support for this intermediate conclusion.

D. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second is the main conclusion of the argument.

E. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second states a further conclusion supported by this intermediate conclusion.


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Re: Since it has become known that several of a bank’s top executives have  [#permalink]

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New post 21 Jul 2017, 23:43
I donot agree with the fist statement given in option D, but I can get D as the answer by POE.

Let me explain how:

It says depositors are relieved from financial collapse because top executives have been buying shares in their own bank.

Now, it says depositors are saying top executives have faith in the bank’s financial soundness, thus being worried is of no use.

But the author concluded that you are overoptimistic because blah blah...

Now, I can very well say 2nd is Author's main conclusion. And first is the premise used by depositors to come to their own conclusion.

A. The first summarizes the evidence used in the reasoning called into question by the argument; the second states the counterevidence on which the argument relies. --> 2nd is not a counter evidence. It is the main conclusion. Hence, incorrect.

B. The first summarizes the evidence used in the reasoning called into question by the argument; the second is an intermediate conclusion supported by the evidence. --> 2nd is the main conclusion of the author.

C. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second is evidence that undermines the support for this intermediate conclusion. --> Same as A.

D. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second is the main conclusion of the argument. --> Here, I got 2nd statement correct. I donot agree with 1st boldface here. But since I have rejected all other options, I am left with only D as the answer.

E. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second states a further conclusion supported by this intermediate conclusion. --> Actually, the conclusion made by author is opposite to what depositors concluded.
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Re: Since it has become known that several of a bank’s top executives have  [#permalink]

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New post 22 Jul 2017, 00:12
Vyshak wrote:
Since it has become known that several of a bank’s top executives have been buying shares in their own bank, the bank’s depositors, who had been worried by rumors that the bank faced impending financial collapse, have been greatly relieved. They reason that since top executives evidently have faith in the bank’s financial soundness, those worrisome rumors must be false. They might well be overoptimistic, however since corporate executives have sometimes bought shares in their own company in a calculated attempt to dispel negative rumors about the company’s health.

In the argument given, the two boldfaced portions play which of the following roles?
A. The first summarizes the evidence used in the reasoning called into question by the argument; the second states the counterevidence on which the argument relies.
B. The first summarizes the evidence used in the reasoning called into question by the argument; the second is an intermediate conclusion supported by the evidence.
C. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second is evidence that undermines the support for this intermediate conclusion.
D. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second is the main conclusion of the argument.
E. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second states a further conclusion supported by this intermediate
conclusion.

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Argument


Several bank exec's are buying shares of their own banks, and this has relieved investor tension.
Author's Conclusion based on investor reasoning - Top exec's have faith in the financial soundness of the bank (Reasoning/Premise) ; Worrisome rumours might be false (Conclusion)
Author's Conclusion - Investors might be overoptimistic.
Author's conclusion is calling the investor's conclusion into question i.e. top exec's have faith, and hence rumours are false.

Premise Supporting Main Conclusion - To dispel rumours, execs are known to buy shares

A - First part is still OK, but the second part is not counter evidence. OUT
B - First part is still OK, but the second part is NOT the intermediate conclusion. OUT.
C - First part is OK, but the second part is NOT evidence. OUT.
D - First part is OK, and second part is perfect. KEEP.
E - First part is OK, second part is NOT. OUT.

D is the answer by POE.
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Re: Since it has become known that several of a bank’s top executives have  [#permalink]

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New post 22 Jul 2017, 00:13
abhimahna wrote:
I donot agree with the fist statement given in option D, but I can get D as the answer by POE.

Let me explain how:

It says depositors are relieved from financial collapse because top executives have been buying shares in their own bank.

Now, it says depositors are saying top executives have faith in the bank’s financial soundness, thus being worried is of no use.

But the author concluded that you are overoptimistic because blah blah...

Now, I can very well say 2nd is Author's main conclusion. And first is the premise used by depositors to come to their own conclusion.

A. The first summarizes the evidence used in the reasoning called into question by the argument; the second states the counterevidence on which the argument relies. --> 2nd is not a counter evidence. It is the main conclusion. Hence, incorrect.

B. The first summarizes the evidence used in the reasoning called into question by the argument; the second is an intermediate conclusion supported by the evidence. --> 2nd is the main conclusion of the author.

C. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second is evidence that undermines the support for this intermediate conclusion. --> Same as A.

D. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second is the main conclusion of the argument. --> Here, I got 2nd statement correct. I donot agree with 1st boldface here. But since I have rejected all other options, I am left with only D as the answer.

E. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second states a further conclusion supported by this intermediate conclusion. --> Actually, the conclusion made by author is opposite to what depositors concluded.


I agree with you, the first BF is a premise supporting the intermediate conclusion i.e. these rumours are crap.
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Re: Since it has become known that several of a bank’s top executives have  [#permalink]

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New post 07 Sep 2018, 02:57
egmat bb chetan2u

How can the first part be the intermediate conclusion ? As it is the sum of the reasoning. Please share your thoughts

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Re: Since it has become known that several of a bank’s top executives have  [#permalink]

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New post 07 Sep 2018, 03:53
AdityaHongunti wrote:
egmat bb chetan2u

How can the first part be the intermediate conclusion ? As it is the sum of the reasoning. Please share your thoughts

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Hi .

The second portion is of course the main conclusion and that is the only reason why answer can be D...

BUT the first portion is not an intermediate conclusion. Intermediate conclusion is actually just after that bold face - those worrisome rumours must be false
The first is a premise supporting the intermediate conclusion.

Does not seem to be OG question. They will never error in this way.

Poor quality. Dump it.
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Re: Since it has become known that several of a bank’s top executives have  [#permalink]

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New post 16 Sep 2018, 09:41
This is a poor quality question. I don't agree that D's second half is main conclusion.
This passage seems to have 2 opinion from authors.
a) those worrisome rumors must be false.
b) They might well be overoptimistic

For my understanding intermediate conclusion leads to Main conclusion but these seem to be two possible explanations for a scenario.

1st half of D is completely wrong as also mentioned by Chetan above.
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Re: Since it has become known that several of a bank’s top executives have &nbs [#permalink] 16 Sep 2018, 09:41
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Since it has become known that several of a bank’s top executives have

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