Re: The amount of bonus money that managers take home has declined through
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30 Mar 2022, 00:16
Words: 349
Read Time: 4 mins
Paragraph Style: Highlighted a phenomenon, with some advantages and open to discussion conclusion
Paraphrasing
Para 1: An exodus of experienced financial services is not only due to less compensation for productive managers.
Para 2: Compared to managers of investment firms, managers of small non-traditional industries reap more rewards as these managers generate more revenue by facing more competitive phase
Para 3: Advantages with smaller firm are lack of politicking, ease with work flexibility, encourage longer tenure, and job satisfaction.
Para 4: Studies suggests rather than monetary remuneration, level of satisfaction has increased with-in executives, who moved into non-traditional industries, are now with half of stress related illness.
Para 5: Open for discussion conclusion depending upon contributory factors, which statistically significant with respect to the effects cited as results of changing occupations.
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1. The primary purpose of the passage is to
A. explore an old phenomenon in the light of new evidence
- Wrong, passage tone is not with “Old phenomenon” to “its light of new evidence”
B. re-evaluate the contributions of one occupation
- Wrong, no re-evaluation, irrelevant
C. point out increasing difficulties in the financial sector
- Wrong, out of scope
D. examine the reasons behind and impact of a phenomenon
– Correct,
Phenomenon – changing occupations
Reason – low reward, High politicking, low job satisfaction and High stress
Impact – Job change, but depending upon contributory factors
E. explain the reasoning behind a proposed change in corporate structure
- Wrong, no proposed change discussed
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2. The author of the passage cites “ice-cream manufacturing, microbrewing, and institutional art-dealing" in order to
as mentioned in the passage, “The reward for this movement to such diverse industries as ice-cream manufacturing, microbrewing, and institutional art-dealing”
A. show the diversity of non-traditional industries that financial managers have entered
- Correct, as mentioned in the 1st line of the paragraph 2.
B. describe the industry’s most significantly (harmed by this exodus of talent) - Wrong, irrelevant
C. illustrate the variety of problems associated with the financial industry's corporate downsizing - Wrong,
passage highlights more about other good side of non-traditional industries, and employees are joining them,
not about problem associated with of corporate employee leaving financial industry’s
D. provide examples of industries with a higher level of job satisfaction than that found in the financial services industry
- Wrong, above mentioned are example of diverse industries not about financial service industry
E. explain the reasons for (contemporary profit) increases in smaller, more non-traditional industries - Wrong, irrelevant
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3. Which of the following is an assumption underlying the information presented in the first paragraph of the passage?
A. There was no cause for the managerial exodus more significant than the decrease in bonus levels.
Correct – as mentioned in the 1st para of the passage, it was assumed, employee leaving the job was due to low compensation benefits.
B. Non-traditional industries provide more comprehensive benefits than does the financial services industry.
- Wrong, throughout passage, its mentioned in para 2, 3 and 4
C. The rise in profits at non-traditional industries is due to the influx of financial managers.
- Wrong, as mentioned in para 3, not para 1, the rise in profits is due to
, “as managers bring their investment acumen to their new jobs, internal investment plans, pension plans, and health-care plans for small businesses”.
D. A longer tenure at a given company leads to greater managerial and experiential efficiencies.
- Wrong, - irrelevant in terms of 1st paragraph, as no information provided about it.
E. Prior to 1990, bonus levels in the financial services industry were consistently rising.
- Wrong, Out of scope, passage relate not information before 1990.
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4. The author believes that
the “corporate culture" described in line 24 is best characterized
by which of the following?
as mentioned in the passage, “Moreover, the cutthroat politicking found in the corporate culture of the financial services industry is lacking in smaller firms.”
Cutthroat politicking found in corporate culture – is about an activity in which people compete with each other in aggressive and unfair ways
Correct option: E. A competitive and unsupportive environment fostered in the financial services industry
Eliminate rest all, as it does not refer to cut throat politicking or compete with unfair ways
A. (A massive exodus) of financial managers to non-traditional businesses
B. A creative method (employed by non-traditional businesses) of remunerating managers
C. (A mental stress) associated with the long hours of an all-consuming occupation
D. (A deteriorating effect) of the demands of certain jobs on time and family
close
25%
(medium)
27%
(02:22) wrong 
