GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 19 Jun 2018, 22:43

Close

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
Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

The public is sufficiently served when the Securities Regulation Depar

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

4 KUDOS received
Verbal Forum Moderator
User avatar
V
Status: Greatness begins beyond your comfort zone
Joined: 08 Dec 2013
Posts: 2016
Location: India
Concentration: General Management, Strategy
Schools: Kelley '20, ISB '19
GPA: 3.2
WE: Information Technology (Consulting)
GMAT ToolKit User Reviews Badge CAT Tests
The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 04 Oct 2017, 03:10
4
2
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

77% (01:36) correct 23% (01:42) wrong based on 413 sessions

HideShow timer Statistics

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.

_________________

When everything seems to be going against you, remember that the airplane takes off against the wind, not with it. - Henry Ford
The Moment You Think About Giving Up, Think Of The Reason Why You Held On So Long
+1 Kudos if you find this post helpful

Manager
Manager
User avatar
B
Joined: 18 Nov 2009
Posts: 76
Location: Switzerland
Concentration: Entrepreneurship, Technology
GMAT 1: 740 Q47 V45
Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 04 Oct 2017, 03:20
B?
Assuming that the conclusion here is that " The public is sufficiently served. .."
5 KUDOS received
Senior Manager
Senior Manager
User avatar
G
Joined: 09 Mar 2017
Posts: 422
Location: India
Concentration: Marketing, Organizational Behavior
WE: Information Technology (Computer Software)
CAT Tests
The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 04 Oct 2017, 04:37
5
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.
_________________

------------------------------
"Trust the timing of your life"
Hit Kudus if this has helped you get closer to your goal, and also to assist others save time. Tq :)

1 KUDOS received
Manager
Manager
User avatar
S
Joined: 23 May 2017
Posts: 226
Concentration: Finance, Accounting
WE: Programming (Energy and Utilities)
CAT Tests
Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 29 Jan 2018, 15:34
1
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?
_________________

If you like the post, please award me Kudos!! It motivates me

1 KUDOS received
Manager
Manager
User avatar
S
Joined: 23 May 2017
Posts: 226
Concentration: Finance, Accounting
WE: Programming (Energy and Utilities)
CAT Tests
Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 29 Jan 2018, 15:43
1
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.
_________________

If you like the post, please award me Kudos!! It motivates me

2 KUDOS received
Manager
Manager
avatar
B
Joined: 13 Nov 2017
Posts: 63
Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 29 Jan 2018, 16:30
2
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..
Manager
Manager
User avatar
S
Joined: 23 May 2017
Posts: 226
Concentration: Finance, Accounting
WE: Programming (Energy and Utilities)
CAT Tests
Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 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
_________________

If you like the post, please award me Kudos!! It motivates me

1 KUDOS received
Manager
Manager
avatar
B
Joined: 13 Nov 2017
Posts: 63
Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 30 Jan 2018, 05:00
1
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. :)
1 KUDOS received
SVP
SVP
avatar
P
Joined: 12 Dec 2016
Posts: 1899
Location: United States
GMAT 1: 700 Q49 V33
GPA: 3.64
GMAT ToolKit User Premium Member
The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post Updated on: 11 Mar 2018, 14:23
1
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.
SVP
SVP
avatar
P
Joined: 12 Dec 2016
Posts: 1899
Location: United States
GMAT 1: 700 Q49 V33
GPA: 3.64
GMAT ToolKit User Premium Member
Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 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.
Intern
Intern
avatar
B
Joined: 31 Jan 2018
Posts: 1
Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 16 Mar 2018, 07:05
I believe that B is correct. E is wrong because it is out of the scope of the premise.
Intern
Intern
avatar
B
Joined: 19 Sep 2017
Posts: 30
WE: Account Management (Other)
GMAT ToolKit User
Re: The public is sufficiently served when the Securities Regulation Depar [#permalink]

Show Tags

New post 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.
Re: The public is sufficiently served when the Securities Regulation Depar   [#permalink] 06 Apr 2018, 08:13
Display posts from previous: Sort by

The public is sufficiently served when the Securities Regulation Depar

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.