|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
05 Aug 2008, 23:03
Kudos
Bookmarks
A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
75%
(hard)
Question Stats:
53% (02:01) correct
47%
(02:02)
wrong
based on 238
sessions
History
Date
Time
Result
Not Attempted Yet
The goal of mining companies is to discover the richest, most accessible sources of the ore they mine. Their success in reaching this goal, however, is not the sole factor determining the financial success of failure of a particular company. Profits for mining companies are largely dependent on prices determined by the global supply of a given ore, not the amount of the ore supplied by any one company.
Which of the following inferences about mining companies is best supported by the information above?
(A) Discovery of a new source of ore could result in a financial loss for some mining companies.
(B) Mining companies should not invest in locating new sources of ore.
(C) Mining companies are consistently profitable as long as global supplies remain stable.
(D) Mining companies need to offset fluctuations in global supply by discovering new sources of ore.
(E) Mining companies cannot be profitable if the global supply of ore they mine increases.
Which of the following inferences about mining companies is best supported by the information above?
(A) Discovery of a new source of ore could result in a financial loss for some mining companies.
(B) Mining companies should not invest in locating new sources of ore.
(C) Mining companies are consistently profitable as long as global supplies remain stable.
(D) Mining companies need to offset fluctuations in global supply by discovering new sources of ore.
(E) Mining companies cannot be profitable if the global supply of ore they mine increases.
06 Aug 2008, 00:10
Kudos
Bookmarks
x97agarwal
I would go with (D) simply because the question says that to search for new ore could be 1 of the factor for financial success,So when the market is down then they can use this to offset the fluctuation.There needs to be some significance of the discovery of ore
06 Aug 2008, 06:04
Kudos
Bookmarks
good question. IMO A
B - extreme
C - no mentions of stability of global supply
D - goes against the argument... even if they find new sources .. there is no gurantee of financial sucess
E - qutes says the finding of new sources is not the sole factor... they can still make a profit due to other factors.....
B - extreme
C - no mentions of stability of global supply
D - goes against the argument... even if they find new sources .. there is no gurantee of financial sucess
E - qutes says the finding of new sources is not the sole factor... they can still make a profit due to other factors.....
