It is currently 25 Jun 2017, 19:11

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

The development of new inventions is promoted by the

Author Message
TAGS:

Hide Tags

Manager
Joined: 10 Nov 2010
Posts: 162
The development of new inventions is promoted by the [#permalink]

Show Tags

10 Mar 2011, 09:58
4
This post was
BOOKMARKED
00:00

Difficulty:

25% (medium)

Question Stats:

68% (02:22) correct 32% (01:33) wrong based on 426 sessions

HideShow timer Statistics

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.
[Reveal] Spoiler: OA
Senior Manager
Joined: 18 Oct 2010
Posts: 408
Re: The development of new inventions [#permalink]

Show Tags

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
Manager
Joined: 10 Nov 2010
Posts: 162
Re: The development of new inventions [#permalink]

Show Tags

10 Mar 2011, 10:57
Well done heygirl!!
Senior Manager
Joined: 18 Oct 2010
Posts: 408
Re: The development of new inventions [#permalink]

Show Tags

10 Mar 2011, 11:48
vjsharma25 wrote:
Well done heygirl!!

Thanks I'm myself struggling to improve CR
Manager
Status: Bunuel's fan!
Joined: 08 Jul 2011
Posts: 229
Re: The development of new inventions is promoted by the [#permalink]

Show Tags

23 Apr 2012, 12:21
One of the rare one i got under 2 min
Senior Manager
Status: You have to have the darkness for the dawn to come
Joined: 09 Nov 2012
Posts: 282
Location: India
saurav: suman
Concentration: Operations, Technology
GPA: 4
WE: Engineering (Energy and Utilities)
Re: The development of new inventions is promoted by the [#permalink]

Show Tags

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.
_________________

You have to have the darkness for the dawn to come.

Give Kudos if you like my post

Intern
Joined: 06 Feb 2016
Posts: 29
Re: The development of new inventions is promoted by the [#permalink]

Show Tags

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??

- Abhijit
Re: The development of new inventions is promoted by the   [#permalink] 30 Oct 2016, 01:00
Similar topics Replies Last post
Similar
Topics:
Early in the development of a new product line 0 19 Jun 2017, 19:26
5 A pharmaceutical company claims that its new drug promotes learning i 5 26 Feb 2016, 05:50
Early in the development of a new product line, the critical 0 11 Jun 2016, 14:39
20 A certain pharmaceutical firm recently developed a new 33 16 Nov 2016, 13:16
5 Early in the development of a new product line, the critical 32 19 Jun 2017, 19:26
Display posts from previous: Sort by