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10 Jan 2022, 09:00
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
55%
(hard)
Question Stats:
66% (02:17) correct
34%
(02:30)
wrong
based on 513
sessions
History
Date
Time
Result
Not Attempted Yet
Smith argued that recreational equipment owned in common by community members would always be used less carefully than would private recreational equipment. Each member would have an incentive to overuse the equipment and leave any damage unreported because the benefit would accrue to the individual, while the costs of maintaining, repairing, and replacing the equipment would be spread among all users. But a study comparing 200 sailboats owned cooperatively by the Bayside Recreation League and 370 sailboats owned privately showed that the recreation league sailboats were in better condition.
Which of the following, if true and known by the Bayside members, would best help explain the results of the study?
A. With private sailboats, both the costs and the benefits of avoiding any repairs fall to the individual owner.
B. For boats that are used by many different people, it is difficult to attribute the costs of maintenance and repair to the wear and tear caused by any individual user.
C. Routine inspections and repairs of recreation league sailboats are conducted during the winter months, not during the May – September sailing season.
D. If one Bayside member causes even minor damage to a sailboat without paying for the repair, other members will do so even more, and the costs to each user will outweigh the benefits.
E. There are many more private sailboats than cooperatively-owned sailboats.
Which of the following, if true and known by the Bayside members, would best help explain the results of the study?
A. With private sailboats, both the costs and the benefits of avoiding any repairs fall to the individual owner.
B. For boats that are used by many different people, it is difficult to attribute the costs of maintenance and repair to the wear and tear caused by any individual user.
C. Routine inspections and repairs of recreation league sailboats are conducted during the winter months, not during the May – September sailing season.
D. If one Bayside member causes even minor damage to a sailboat without paying for the repair, other members will do so even more, and the costs to each user will outweigh the benefits.
E. There are many more private sailboats than cooperatively-owned sailboats.
17 Feb 2022, 03:47
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D. If one Bayside member causes even minor damage to a sailboat without paying for the repair, other members will do so even more, and the costs to each user will outweigh the benefits.
IMO D is correct because if little damages are not repaired by members of the club, costs will be much higher to each member when these little damages turn into large costly damages, thus these expenses will outweigh the benefits of being a member.
Example: a boat has a hole on the bilge, the hole is not repaired and it gets bigger until boat sinks. Originally, repairing the hole is much cheaper than retrieving the boat from the bottom of the sea.
IMO D is correct because if little damages are not repaired by members of the club, costs will be much higher to each member when these little damages turn into large costly damages, thus these expenses will outweigh the benefits of being a member.
Example: a boat has a hole on the bilge, the hole is not repaired and it gets bigger until boat sinks. Originally, repairing the hole is much cheaper than retrieving the boat from the bottom of the sea.
28 Feb 2025, 19:57
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Automated notice from GMAT Club VerbalBot:
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.
This post was generated automatically.
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.
This post was generated automatically.
