The public is sufficiently served when the Securities Regulation Depar : Critical Reasoning (CR)

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Leo8

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

29 Jan 2018, 15:34

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TaN1213 wrote:

Skywalker18 wrote:

The public is sufficiently served when the Securities Regulation Department recruits specialists from our nation's financial establishment, academia and elsewhere with a thorough understanding of sophisticated financial products, transactions, and practices. These specialists make investigations smarter and quicker, increase the volume of relevant investigations, and enable society to better allocate its resources.

The argument above presupposes the truth of which of the following in substantiating its conclusion?

A. The fulfillment of a regulatory body's obligations to society is influenced by the number of the transactions.

B. Knowledge of an area or field by a regulatory body's specialists is in some way connected to the fulfillment of that body's obligations.

C. To be considered effective, a regulatory body should not allow any violations.

D. Some security law is challenging to enforce.

E. Other regulatory bodies that have been able to deploy specialists with greater knowledge of the aspects being regulated are better able to enforce those regulations.

This is an assumption question - Must bolster the conclusion

A. The fulfillment of a regulatory body's obligations to society is influenced by the number of the transactions. - transactions of what? meaning of this doesnt make sense

B. Knowledge of an area or field by a regulatory body's specialists is in some way connected to the fulfillment of that body's obligations. - if you negate this, the conclusion falls apart. Had there been no connection of the knowledge of an area or field by a regulatory body's specialists with the fulfillment of that body's obligations, why would the regulatory body be advised to recruit such specialists ?

C. To be considered effective, a regulatory body should not allow any violations. - The effectiveness of this regulatory body is not questioned to have allowed violations. The entire premise talks about serving in a better way,implying it already is serving rightly and recruiting specialists would only improve their service.

D. Some security law is challenging to enforce. - This doesn't mean that currently, the regulatory body is unable to enforce challenging laws and would therefore need to recruit specialists. - Invalid

E. Other regulatory bodies that have been able to deploy specialists with greater knowledge of the aspects being regulated are better able to enforce those regulations. - this actually strengthens the conclusion by providing example to directly extrapolate the reasoning to the current conclusion. However, this is not the assumption.

Hi TaN1213

Why can't the Other regulatory bodies from option E refers to the other group in the argument author proposes to recruit from?
why is E wrong?

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

29 Jan 2018, 15:43

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EMPOWERgmatRichC.

I am super confused with this question.

I somehow unable to mark answer choice E incorrect.

The Argument

The public is sufficiently served when the Securities Regulation Department recruits specialists
from our nation's financial establishment, academia
and
elsewhere with a thorough understanding of sophisticated financial products, transactions, and practices. - Why can't the Other regulatory bodies from choice E fall into this category?

These specialists make investigations smarter and quicker, increase the volume of relevant investigations, and enable society to better allocate its resources.

B

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

29 Jan 2018, 16:30

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Leo8 wrote:

EMPOWERgmatRichC.

I am super confused with this question.

I somehow unable to mark answer choice E incorrect.

The Argument

The public is sufficiently served when the Securities Regulation Department recruits specialists
from our nation's financial establishment, academia
and
elsewhere with a thorough understanding of sophisticated financial products, transactions, and practices. - Why can't the Other regulatory bodies from choice E fall into this category?

These specialists make investigations smarter and quicker, increase the volume of relevant investigations, and enable society to better allocate its resources.

IMO, E is out of scope.
Because the passage mentions only about the Securities Regulation Department, and the recruits of this departments will have some positive effect.
But E mentions other regulatorory bodies. So I think E is out of scope.
So only B left about this concept. I hope this can help you..

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

29 Jan 2018, 16:42

HG0815 wrote:

Leo8 wrote:

EMPOWERgmatRichC.

I am super confused with this question.

I somehow unable to mark answer choice E incorrect.

The Argument

The public is sufficiently served when the Securities Regulation Department recruits specialists
from our nation's financial establishment, academia
and
elsewhere with a thorough understanding of sophisticated financial products, transactions, and practices. - Why can't the Other regulatory bodies from choice E fall into this category?

These specialists make investigations smarter and quicker, increase the volume of relevant investigations, and enable society to better allocate its resources.

IMO, E is out of scope.
Because the passage mentions only about the Securities Regulation Department, and the recruits of this departments will have some positive effect.
But E mentions other regulatorory bodies. So I think E is out of scope.
So only B left about this concept. I hope this can help you..

Are you saying "ELSEWHERE" is referring to the other branch of SRD

The public is sufficiently served when the Securities Regulation Department recruits specialists
from our nation's financial establishment, academia
and
elsewhere with a thorough understanding of sophisticated financial products, transactions, and practices

B

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

30 Jan 2018, 05:00

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Leo8 wrote:

HG0815 wrote:

Leo8 wrote:

EMPOWERgmatRichC.

I am super confused with this question.

I somehow unable to mark answer choice E incorrect.

The Argument

The public is sufficiently served when the Securities Regulation Department recruits specialists
from our nation's financial establishment, academia
and
elsewhere with a thorough understanding of sophisticated financial products, transactions, and practices. - Why can't the Other regulatory bodies from choice E fall into this category?

These specialists make investigations smarter and quicker, increase the volume of relevant investigations, and enable society to better allocate its resources.

IMO, E is out of scope.
Because the passage mentions only about the Securities Regulation Department, and the recruits of this departments will have some positive effect.
But E mentions other regulatorory bodies. So I think E is out of scope.
So only B left about this concept. I hope this can help you..

Are you saying "ELSEWHERE" is referring to the other branch of SRD

The public is sufficiently served when the Securities Regulation Department recruits specialists
from our nation's financial establishment, academia
and
elsewhere with a thorough understanding of sophisticated financial products, transactions, and practices

Yes. "ELSEWHERE" is the other branch of SRD.
So I chose B.

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The public is sufficiently served when the Securities Regulation Depar [#permalink]

Updated on: 11 Mar 2018, 14:23

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I thought both B and E are the correct answer.
The negation of B will make the argument fall apart.
E is also correct b/c E shows a correlation between the knowledge and the faster, better fulfillment of obligation of the department.

Originally posted by chesstitans on 11 Mar 2018, 14:18.
Last edited by chesstitans on 11 Mar 2018, 14:23, edited 1 time in total.

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chesstitans

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

11 Mar 2018, 14:23

Leo8, I suspect that "The public is sufficiently served" is the main conclusion. Anyway, E sounds like a strengthener, not an assumption. I also did choose E.

B

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

16 Mar 2018, 07:05

I believe that B is correct. E is wrong because it is out of the scope of the premise.

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

06 Apr 2018, 08:13

Skywalker18 wrote:

The public is sufficiently served when the Securities Regulation Department recruits specialists from our nation's financial establishment, academia and elsewhere with a thorough understanding of sophisticated financial products, transactions, and practices. These specialists make investigations smarter and quicker, increase the volume of relevant investigations, and enable society to better allocate its resources.

The argument above presupposes the truth of which of the following in substantiating its conclusion?

A. The fulfillment of a regulatory body's obligations to society is influenced by the number of the transactions.

B. Knowledge of an area or field by a regulatory body's specialists is in some way connected to the fulfillment of that body's obligations.

C. To be considered effective, a regulatory body should not allow any violations.

D. Some security law is challenging to enforce.

E. Other regulatory bodies that have been able to deploy specialists with greater knowledge of the aspects being regulated are better able to enforce those regulations.

Hi,
I did choose the right option but I did it by eliminating others.

My understanding was that "enable society to better allocate its resources." was the conclusion and "enable society" meant help society to take decisions to allocate resources. I considered SRD as a consultant.

My pre-thinking was that "Society took the outcome of these specialists into account while allocating resources", which as we can see, does not match with the answer choice.

Could someone please explain it better?

Thanks.

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

30 Jan 2020, 04:37

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Expert Reply

chesstitans wrote:

Leo8, I suspect that "The public is sufficiently served" is the main conclusion. Anyway, E sounds like a strengthener, not an assumption. I also did choose E.

Hi

You are absolutely right. The first sentence is the conclusion.
Part of the difficulty faced by most people is that the conclusion has not been identified correctly and therefore the scope of the argument has not been defined, leading them to choose the incorrect choice as the answer.

The main message that the author wants to convey is the conclusion and a good way to check out which of the two is the conclusion is the Causality Test.

The Causality test can be used to identify which of the two statements is the conclusion, since there is no conclusion marker (therefore, etc) to indicate the conclusion. Let's try it:

Let this statement be called X-
The public is sufficiently served when the Securities Regulation Department recruits specialists from our nation's financial establishment, academia and elsewhere with a thorough understanding of sophisticated financial products, transactions, and practices

Let this statement be called Y
These specialists make investigations smarter and quicker, increase the volume of relevant investigations, and enable society to better allocate its resources.

If X caused Y – then Y is the conclusion
If Y caused X – then X is the conclusion.
Thus, whichever statement is the effect, that statement is the conclusion.

In this case,
Y -Specialists making investigations smarter, etc... caused.... X- the public to be served sufficiently....

(The public is served sufficiently …..because … specialists make investigations smarter, etc.)

Y = cause
X= Effect

Thus, the first statement is the conclusion.

Hope this helps all you people out there whenever there is a confusion regarding the identification of the conclusion.

S

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

06 Mar 2020, 11:05

From what I understood, "public is sufficiently served when the Securities Regulation Department recruits specialists from our nation" because " these specialists make investigations smarter and quicker " .
I get that among the given answers B is the best one, but "knowledge of an area or field by a regulatory body's specialist " doesn't have to be tied to it's "serving public". It's actually the efficiency that is tied which in turn is achieved by specialists. So I don't see why B is actually a right answer. Even if that breaks down, as long as the efficiency is at its best, the public is sufficiently served.

What am I missing here ?

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

18 May 2021, 04:24

CONCLUSION - Public is sufficiently served if SR department recruits from nation's financial establishment, academia with a thorough understanding of financial products and practices.

GIVEN -

1) Specialists make investigations smarter
2) Quicker
3) increase the volume
4) enable the society to better allocate the resources

ASSUMPTION - What statement must hold true for the conclusion to hold true?

ANSWER CHOICE ANALYSIS -

A) Conclusion is concerned with knowledge not number of transactions
B) CORRECT
C) Violations not related to conclusion
D) Challenge to enforce not talked about
E) Other regulatory bodies - irrelevant to the conclusion

G

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Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

18 May 2021, 04:57

TaN1213 wrote:

Skywalker18 wrote:

The public is sufficiently served when the Securities Regulation Department recruits specialists from our nation's financial establishment, academia and elsewhere with a thorough understanding of sophisticated financial products, transactions, and practices. These specialists make investigations smarter and quicker, increase the volume of relevant investigations, and enable society to better allocate its resources.

The argument above presupposes the truth of which of the following in substantiating its conclusion?

A. The fulfillment of a regulatory body's obligations to society is influenced by the number of the transactions.

B. Knowledge of an area or field by a regulatory body's specialists is in some way connected to the fulfillment of that body's obligations.

C. To be considered effective, a regulatory body should not allow any violations.

D. Some security law is challenging to enforce.

E. Other regulatory bodies that have been able to deploy specialists with greater knowledge of the aspects being regulated are better able to enforce those regulations.

This is an assumption question - Must bolster the conclusion

A. The fulfillment of a regulatory body's obligations to society is influenced by the number of the transactions. - transactions of what? meaning of this doesnt make sense

B. Knowledge of an area or field by a regulatory body's specialists is in some way connected to the fulfillment of that body's obligations. - if you negate this, the conclusion falls apart. Had there been no connection of the knowledge of an area or field by a regulatory body's specialists with the fulfillment of that body's obligations, why would the regulatory body be advised to recruit such specialists ?

C. To be considered effective, a regulatory body should not allow any violations. - The effectiveness of this regulatory body is not questioned to have allowed violations. The entire premise talks about serving in a better way,implying it already is serving rightly and recruiting specialists would only improve their service.

D. Some security law is challenging to enforce. - This doesn't mean that currently, the regulatory body is unable to enforce challenging laws and would therefore need to recruit specialists. - Invalid

E. Other regulatory bodies that have been able to deploy specialists with greater knowledge of the aspects being regulated are better able to enforce those regulations. - this actually strengthens the conclusion by providing example to directly extrapolate the reasoning to the current conclusion. However, this is not the assumption.

It is a difficult question.. Really confused between B & E.. Why cant a strengthener be an assumption?

gmatclubot

Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

18 May 2021, 04:57

GMAT Critical Reasoning (CR) Questions

The public is sufficiently served when the Securities Regulation Depar