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The development of new inventions is promoted by the

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The development of new inventions is promoted by the  [#permalink]

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New post 10 Mar 2011, 09:58
3
9
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A
B
C
D
E

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Question Stats:

72% (01:46) correct 28% (02:10) wrong based on 586 sessions

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The development of new inventions is promoted by the granting of patent rights, which restrict the right of anyone but the patent holders to profit from these inventions for a specified period. Without patent rights, anyone could simply copy another’s invention; consequently, inventors would have no financial incentive for investing the time and energy required to develop new products. Thus, it is important to continue to grant patent rights, or else no one will engage in original development and consequently no new inventions will be forthcoming.

Which one of the following is an assumption on which the argument depends?

(A) Financial reward is the only incentive that will be effective in motivating people to develop new inventions.

(B) When an inventor sells patent rights to a manufacturer, the manufacturer makes less total profit on the invention than the inventor does.

(C) Any costs incurred by a typical inventor in applying for patent rights are insignificant in comparison to the financial benefit of holding the patent rights.

(D) Patent rights should be granted only if an inventor’s product is not similar to another invention already covered by patent rights.

(E) The length of a patent right is usually proportional to the costs involved in inventing the product.
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New post 10 Mar 2011, 10:36
This is an assumption questions. Hence, I used the negation technique. Only A seems to weaken the conclusion and make it invalid.

First, locate the conclusion : The conclusion is "it is important to continue to grant patent rights, or else no one will engage in original development and consequently no new inventions will be forthcoming"

A - if we negate "Financial reward is not necessarily an incentive for developingn ew inventions". This is false. The passage clearly mentions that Financial reward is imp. Hence, best answer.

B - Not relevant to the passage.

c - Conclusion does not talk about holding patent right but talks about granting patent rights.

D - Irrelevant

E- Irrelevant
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New post 10 Mar 2011, 11:48
vjsharma25 wrote:
Well done heygirl!!

Thanks :) I'm myself struggling to improve CR :-D
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New post 23 Apr 2012, 12:21
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One of the rare one i got under 2 min
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New post 25 Oct 2016, 03:23
vjsharma25 wrote:
The development of new inventions is promoted by the
granting of patent rights, which restrict the right of
anyone but the patent holders to profit from these
inventions for a specified period. Without patent rights,
anyone could simply copy another’s invention;
consequently, inventors would have no financial
incentive for investing the time and energy required to
develop new products. Thus, it is important to continue
to grant patent rights, or else no one will engage in
original development and consequently no new
inventions will be forthcoming.
Which one of the following is an assumption on which
the argument depends?
(A) Financial reward is the only incentive that will
be effective in motivating people to develop
new inventions.
(B) When an inventor sells patent rights to a
manufacturer, the manufacturer makes less total
profit on the invention than the inventor does.
(C) Any costs incurred by a typical inventor in
applying for patent rights are insignificant in
comparison to the financial benefit of holding
the patent rights.
(D) Patent rights should be granted only if an
inventor’s product is not similar to another
invention already covered by patent rights.
(E) The length of a patent right is usually
proportional to the costs involved in inventing
the product.


SImply A will be our answer. Negated A will shatter the conclusion.
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New post 30 Oct 2016, 01:00
Hi All,

In some cases we try to avoid options having extreme words e.g. only.
Suppose we get such type of questions at the last moment, how to deal with them??

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New post 11 Apr 2019, 07:17
Bumping for further discussion
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New post 12 Apr 2019, 15:00
I think 'only' in option A makes it bit hard to choose, but all other options are out of scope. Hence option A is correct.
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New post 17 Apr 2019, 19:40
1
Quote:
The development of new inventions is promoted by the granting of patent rights, which restrict the right of anyone but the patent holders to profit from these inventions for a specified period. Without patent rights, anyone could simply copy another’s invention; consequently, inventors would have no financial incentive for investing the time and energy required to develop new products. Thus, it is important to continue to grant patent rights, or else no one will engage in original development and consequently no new inventions will be forthcoming.

Which one of the following is an assumption on which the argument depends?

Conclusion: It is important to continue to grant patent rights. Why?
Because, otherwise inventors would have no financial incentive for investing the time and energy.
So, here it is obvious that the author is assuming that financial incentive is the only incentive for inventing. Nothing other than money motivates these inventors.

Quote:
(A) Financial reward is the only incentive that will be effective in motivating people to develop new inventions.

As per our prethinking.

Quote:
(B) When an inventor sells patent rights to a manufacturer, the manufacturer makes less total profit on the invention than the inventor does.

Profits of manufacturers is immaterial for us.

Quote:
(C) Any costs incurred by a typical inventor in applying for patent rights are insignificant in comparison to the financial benefit of holding the patent rights.

This choice is tempting. This is saying that patent costs are insignificant compared to the profits from holding these patents. This option is talking about financial incentive but we don't know if financial incentive is the only motivator.

Quote:
(D) Patent rights should be granted only if an inventor’s product is not similar to another invention already covered by patent rights.

Nothing about financial incentives. Move on.

Quote:
(E) The length of a patent right is usually proportional to the costs involved in inventing the product.

Again this option is saying nothing about financial incentive being the only motivator.
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New post 25 Apr 2019, 03:20
vjsharma25 wrote:
The development of new inventions is promoted by the granting of patent rights, which restrict the right of anyone but the patent holders to profit from these inventions for a specified period. Without patent rights, anyone could simply copy another’s invention; consequently, inventors would have no financial incentive for investing the time and energy required to develop new products. Thus, it is important to continue to grant patent rights, or else no one will engage in original development and consequently no new inventions will be forthcoming.

Which one of the following is an assumption on which the argument depends?

(A) Financial reward is the only incentive that will be effective in motivating people to develop new inventions.

(B) When an inventor sells patent rights to a manufacturer, the manufacturer makes less total profit on the invention than the inventor does.

(C) Any costs incurred by a typical inventor in applying for patent rights are insignificant in comparison to the financial benefit of holding the patent rights.

(D) Patent rights should be granted only if an inventor’s product is not similar to another invention already covered by patent rights.

(E) The length of a patent right is usually proportional to the costs involved in inventing the product.

Conclusion:
Thus, it is important to CONTINUE to grant patent rights, or else no one will engage in the original development and consequently, no new inventions will be forthcoming.

Pre-Think:
    The financial benefit is the ONLY Vital/Decisive FACTOR.
    So, here it is obvious that the author is assuming that financial incentive is the ONLY incentive for inventing. Nothing OTHER than financial benefit motivates these inventors.

Answer choice analysis between A and C:
    (A) Financial reward is the only incentive that will be effective in motivating people to develop new inventions.
      !A = Financial reward is NOT the only incentive that will be effective in motivating people to develop new inventions.
      Meaning - There are OTHER factors which will be effective in motivating people to develop new inventions.
      The negation of A shatters the conclusion.

    (C) Any costs incurred by a typical inventor in applying for patent rights are insignificant in comparison to the financial benefit of holding the patent rights.
      !C = Any costs incurred by a typical inventor in applying for patent rights are NOT insignificant in comparison to the financial benefit of holding the patent rights.

      NOT insignificant can be either
          significant - costs incurred > financial benefit: weakens the conclusion.
        OR
          similar in general - costs incurred ~ financial benefit: does NOT necessarily weakens the conclusion.

    This option choice sways in both directions.
    Thus, NOT necessarily shatters the conclusion on negation.

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Re: The development of new inventions is promoted by the   [#permalink] 25 Apr 2019, 03:20
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