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# Some of the greatest American entrepreneurs of the 20th

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08 Mar 2011, 15:38
definatey E)..

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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28 Jun 2012, 04:38
There are a lot of persons who became successful in america.They are a very good business.They have all the updates about the daily market also.There are a lot of african american entrepreneurs who are the best in their business.Some companies of america are the best in their field because of their business skills.To become a better businessman it is necessary to be updated about the market all the time otherwise you cannot become a better businessman.

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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15 Aug 2012, 21:52
The list of African American Entrepreneurs has grown exponentially in the last decade. Just read Forbes Magazine or Ebony Magazine and you'll find out about them.
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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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15 Aug 2012, 22:49

B, C, D, & E all are very strong and generalized statement, so I opted A by POE.

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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15 Aug 2012, 23:05
[quote="zz0vlb"]Some of the greatest American entrepreneurs of the 20th century started their business ventures while they were still in college, and could not complete their education as a result. It is possible that had they started their businesses any later, they would not have been as successful.

From the above two statements, it can only be proven that

(A) sometimes, it can be worthwhile to sacrifice an immediate gain for a larger benefit.

(B) education is not always useful.

(3) it pays not to complete an education.

(D) entrepreneurs who start their ventures after completing their education are not as successful as those who start off while still in college.

(E) you do not have to be educated to be an entrepreneur.

Options B, C can be directly eliminated as these hold strong views which is not at all stated in the given statements.
In option D, author is nowhere mentioning the entrepreneurs who start their ventures after completing their education so can be eliminated.

Confusion is between A and E but as per statements , only A can be concluded more precisely.

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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17 Aug 2012, 03:25
Quote:
Some of the greatest American entrepreneurs of the 20th century started their business ventures while they were still in college, and could not complete their education as a result. It is possible that had they started their businesses any later, they would not have been as successful.

From the above two statements, it can only be proven that
(A) sometimes, it can be worthwhile to sacrifice an immediate gain for a larger benefit. - There is an implied gain here but its not clearly stated. Although it might seem like common sense, the question doesn't state that completing their education would have made helped them in any way.

(B) education is not always useful. Generalization

(3) it pays not to complete an education. Generalization again

(D) entrepreneurs who start their ventures after completing their education are not as successful as those who start off while still in college. Faulty logic, other entrepreneurs can be equally successful

(E) you do not have to be educated to be an entrepreneur.True - Since they didn't finish their education but were still successful, education isn't really a prerequisite to be an entrepreneur.

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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17 Aug 2012, 11:17
Even i feel its E. Initially i was confused between A and E, but since we have to assume certain things in A, I chose E. Can any of the experts help us with this?

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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18 Aug 2012, 00:06
zz0vlb wrote:
Some of the greatest American entrepreneurs of the 20th century started their business ventures while they were still in college, and could not complete their education as a result. It is possible that had they started their businesses any later, they would not have been as successful.

From the above two statements, it can only be proven that

(A) sometimes, it can be worthwhile to sacrifice an immediate gain for a larger benefit.

(B) education is not always useful.

(3) it pays not to complete an education.

(D) entrepreneurs who start their ventures after completing their education are not as successful as those who start off while still in college.

(E) you do not have to be educated to be an entrepreneur.

I went with E, am not sure if it is a CORRECT answer
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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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18 Aug 2012, 00:29
I've edited this post

(A) sometimes, it can be worthwhile to sacrifice an immediate gain for a larger benefit.
this statement is very general and have less synchronization with the given argument-incorrect

(B) education is not always useful.
education for some people might not be, doesn't mean it is not always useful-too strong-incorrect

(3) it pays not to complete an education.
incomplete education for some people might be fruitful, doesn't mean it is not always useful-too strong-incorrect

(D) entrepreneurs who start their ventures after completing their education are not as successful as those who start off while still in college.
education for some people might not be good enough to be entrepreneur , doesn't mean it is not always true, are all entrepreneurs not educated?-too strong-incorrect

(E) you do not have to be educated to be an entrepreneur.
this has the best answer choice here- this gives the exact idea asked -correct
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Last edited by thevenus on 19 Aug 2012, 22:03, edited 1 time in total.

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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18 Aug 2012, 04:20
History is replete with hundreds of great entrepreneurs, who never went to college or dropped out of their schools. The names are so great that the list is mind-boggling. To cite a few among them will be Walt Disney, Steve jobs, Michael Dell, Hershey, Ty Warner and so on, not leaving behind the legendary Gates. So critical thinking suggests that you do not need to have a formal education to be an entrepreneur. This is what opening remarks of the passage explicitly states. In addition, E stops short of any speculation whether such entrepreneurs succeed or not. This is the safety-valve of the choice. So, E is the best answer

Why is a not so strong as E? A is speculating beyond its means. It seems to say that by sacrificing X for Y, sometimes one gains more. This a little far fetched
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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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18 Aug 2012, 13:04
daagh wrote:
History is replete with hundreds of great entrepreneurs, who never went to college or dropped out of their schools. The names are so great that the list is mind-boggling. To cite a few among them will be Walt Disney, Steve jobs, Michael Dell, Hershey, Ty Warner and so on, not leaving behind the legendary Gates. So critical thinking suggests that you do not need to have a formal education to be an entrepreneur. This is what opening remarks of the passage explicitly states. In addition, E stops short of any speculation whether such entrepreneurs succeed or not. This is the safety-valve of the choice. So, E is the best answer

Why is a not so strong as E? A is speculating beyond its means. It seems to say that by sacrificing X for Y, sometimes one gains more. This a little far fetched

Thank you daagh! There has been lotta discussion about this question, Just wanted to ask whether such controversial questions can appear in actual GMAT or not?

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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19 Aug 2012, 13:12
if u see .. it saying .."IT IS POSIBLE" in the end of stimulus.. that means thats not neccesssray .. if u look E .. statement is general .. it is saying u dont need to be educated to be an entrepreneur .. that showing generalizing of whole scenario but that is not the case..

Option A ...starting with sometimes.. cleary parellel with Stimulus "IT is POSSIBLE"..

That y Option A is corect
correct me if m wrong ..
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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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19 Aug 2012, 21:34
mehulsayani wrote:
Even i feel its E. Initially i was confused between A and E, but since we have to assume certain things in A, I chose E. Can any of the experts help us with this?

Well, I think E is the best choice among the lot, but I also think it's a terrible practice question and you should ignore it. The wording is so vague all you can do is try to guess what the question writer means. In answer choice E, for example,

(E) you do not have to be educated to be an entrepreneur.

what does it mean "to be educated"? If that means "to complete college", then E is clearly correct. If that means "to attend school at some point", then E is not something we can prove from the passage. So we can't tell if E is a good answer because the use of language is too imprecise.

Still, I think E is the best choice, if only because all of the other choices are clearly wrong. I guess a lot of people arrived at answer A:

(A) sometimes, it can be worthwhile to sacrifice an immediate gain for a larger benefit.

and I imagine people construe the "immediate gain" to be "completing a college education", and the "larger benefit" to be "becoming a great entrepreneur". It's not clear to me why that should be so; why is not completing education the "larger benefit"? But the bigger problem is the use of the word "worthwhile", which introduces a value judgment about entrepreneurship. Perhaps many readers of the question will think it is "worthwhile" to become a "great entrepreneur", but we are asked specifically what can be proven from the passage. You can't prove from anything within the passage itself that it's "worthwhile" to become a great entrepreneur. So A is not a good answer.

Now, I would not be at all surprised to learn that A is the answer given in the book which presented this question. But it's a bad question, so I wouldn't be surprised if it also had a bad OA.
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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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22 Aug 2012, 14:24
It should be E.
A is very generic and it quite beyond the scope.

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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22 Apr 2013, 11:53
zz0vlb wrote:
Some of the greatest American entrepreneurs of the 20th century started their business ventures while they were still in college, and could not complete their education as a result. It is possible that had they started their businesses any later, they would not have been as successful.

From the above two statements, it can only be proven that
(A) sometimes, it can be worthwhile to sacrifice an immediate gain for a larger benefit.
(B) education is not always useful.
(C) it pays not to complete an education.
(D) entrepreneurs who start their ventures after completing their education are not as successful as those who start off while still in college.
(E) you do not have to be educated to be an entrepreneur.

fameatop wrote:
Hi Mike,
I am not able to get how come option D is incorrect and A is correct. Can you show me how to perform FACT test on these two options. Waiting eagerly,as always, for your superb explanation. Regards, Fame

Fame,
First of all, this is an atrocious question. I don't know the source, but this question looks like it was written by a teenager. The prompt "it can be proven that" is not at the GMAT level of formality, and the diction, especially use of the pronoun "you", is abysmal. I'll say, in passing, both (B) & (E), for which many on this page fell, play on the distinction "education" vs. "a complete college education" ---- somebody who completes high school and finishes the first couple years of college has plenty of education, more than the majority of people on the planet. Yes, they didn't need to complete their college education to be a successful entrepreneur, but that doesn't say that the education they got didn't help them. Playing on an old book title, "Everything I needed to know about being an entrepreneur I learned in high school" --- that refutes both (B) & (E).

Choice (D) is easy to dispatch with the FACT test. The prompt contains the word "SOME" --- that word should leap out at you like a lightning bolt. The very fact that "some" entrepreneurs follow this pattern suggest that others follow another pattern. If some entrepreneur out there finished college, got two academic masters degrees, an MBA, a JD, and then a Ph.D, and then went on to found a multi-billion dollar technology company, that would not contradict anything in the passage (which is only about "some" entrepreneurs, not all!), but it blatantly contradicts (D).

Let's consider the opposite of (A). The opposite of "sometimes" is "never". Thus, the opposite of (A) would be:
It never can be worthwhile to sacrifice an immediate gain for a larger benefit.
In addition to being a patently absurd statement on its own, this statement directly contradict the passage ---- those folks sacrificed the immediate gain of completing a college education, a readily attainable goal in their environment, and took the risk of pursuing a larger possible benefit, a successful company.

Admittedly, the wording is not perfectly clear. This question is really well below the standards set by the GMAT.

Does all this make sense?
Mike
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28 Apr 2013, 02:39
whichscore wrote:
+ 1 for E.
A is exactly the opposite of what the statements says.

Hi Whichscore ,

I am afraid it is not , see option E is very ambiguous , its very strong . The stimulus states that "some" of the entrepreneurs dropped out of college , what about the rest ?? Ideally it meant they graduated from college or absolutely had no education . So if we consider that some of them had completed college and are successful entrepreneurs you cannot say that you need not be educated to be entrepreneur .

And the term educated is not the apt word , evening writing name in english is considered to be educated . if it would have been graduated then it would make sense.

Correct me if there is a flaw

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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17 Jun 2014, 02:06
chose E but i see that E does not have the time element.

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Re: Some of the greatest American entrepreneurs of the 20th [#permalink]

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