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The recently-implemented Small Enterprise Development Program

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The recently-implemented Small Enterprise Development Program  [#permalink]

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New post 24 Jun 2018, 23:07
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The recently-implemented Small Enterprise Development Program (SEDP) focuses on enhancing the managerial skills of entrepreneurs and, thereby, increasing the potential of small businesses to succeed in their endeavors by adopting the essential requirements of sustainable enterprises - the requirement to innovate, to adopt ecofriendly methodologies, to enhance human resources, and to improve productivity to keep up with markets.

One of the primary functions of SEDP is to address recurring issues that arise in entrepreneurial culture and to identify viable means of handling as well as preempting such problems.SEDP also aims to design and implement tools to promote self-awareness among young graduates, particularly those currently unemployed, while remaining within the contexts circumscribed by management and workers’ unions.Additionally, SEDP proposes to assist small to medium sized businesses with the broader goal of contributing to better employment rates as well as to provide both training and non-training interventions that are often necessary as a result of a small company’s rapid expansion.

While it is doubtful whether a single initiative can achieve such ambitious goals, SEDP has minimized the risk of failure by implementing two techniques: first, it selects businesses run by entrepreneurs who have been identified through verifiable channels as those with the most potential to create growth-oriented enterprises, and second, it ensures that its potential financial losses are covered by funding from federal organizations that have elected to participate in the initiative, their interests driven by the potential of improved employment rates and overall economic growth.

1. As per the SEDP, which of the following is NOT likely to be an essential requirement for small businesses to succeed?
A. Use eco-efficient means of production
B. Increase productivity
C. Improve training programs for its employees
D. Obtain funding from federal organizations
E. Adopt new methods

This is an Inference question. The word “suggests” indicates that correct inferences will follow closely from what is directly stated in the passage, but may not be explicitly stated in the passage.

The question asks us to identify which choice is NOT implied by the passage. Hence, four choices will identify correct inferences supported by the passage, and the one that doesn’t will be the correct answer.

The author states in paragraph 1 that SEDP will help “small businesses to succeed in their endeavors by adopting the requirements of sustainable enterprise.” The four requirements of sustainable enterprise are listed in the first sentence of the passage as follows:

1.Innovate
2.Adopt ecofriendly methodologies
3.Enhance human resources
4.Improve productivity to keep up with markets
A.Incorrect: Can be Inferred
This choice corresponds to point 2 in the list.
B.Incorrect: Can be Inferred
This choice corresponds to point 4 in the list.
C.Incorrect: Can be Inferred
This choice corresponds to point 3 in the list.
D.Correct: Out of Context
According to the author, this is a means by which SEDP hopes to minimize its risk of failure. It is not cited as a requirement of small businesses.
E.Incorrect: Can be Inferred
This choice corresponds to point 1 in the list.


2. Which of the following CANNOT be inferred from the passage?
A. The achievement of SEDP’s goals would be less risky if it worked in coalition with another agency.
B. Organizations participating in the SEDP initiative have interests that are not similar to those of SEDP.
C. One of the goals of SEDP is to make young graduates realize their potentials
D. As per SEDP, improvement in management related skills boosts the chances of small businesses to realize success in their efforts.
E. Identifying practical methods of foreseeing issues that occur more than once in a self-started business is a role of SEDP

A.Incorrect: Can be Inferred

This can be derived by combining the bolded portions in the third paragraph.

Paragraph from the passage:

While it is doubtful whether a single initiative can achieve such ambitious goals, SEDP has minimized the risk of failure by implementing two techniques: first, it selects businesses run by entrepreneurs who have been identified through verifiable channels as those with the most potential to create growth-oriented enterprises, and second, it ensures that its potential financial losses are covered by funding from federal organizations that have elected to participate in the initiative, their interests driven by the potential of improved employment rates and overall economic growth.

First and second bolded portion imply that the author believes that the risk with achieving SEDP’s goals can be minimized. Third bolded portion indicates the way in which this can be done – through coalition with another agency – federal organization.
B. Correct: Opposite

In the last sentence of the passage we are told that the organizations that participate in SEDP want improvement in employment rates.

Similarly in the last sentence of second paragraph, we are told that SEDP as well aims for improvement in the employment rates.

Thus by combining these two bits of information, it can be inferred that the participating organizations and SEDP share the common goal of improving employment rates. Hence this choice is the correct answer since it cannot be inferred from the passage.
C. Incorrect: Can be Inferred
This statement can be inferred from the following section:
SEDP also aims to design and implement tools to promote self-awareness among young graduates,…
Promoting self-awareness also means making the individuals realize what they are capable of.

D. Incorrect: Can be Inferred
This statement can be inferred from the first sentence of the passage:
The recently-implemented Small Enterprise Development Program (SEDP) focuses on enhancing the managerial skills of entrepreneurs and, thereby, increasing the potential of small businesses to succeed in their endeavors

E. Incorrect: Can be Inferred
This statement can be inferred form the first sentence of the second paragraph.
One of the primary functions of SEDP is to address recurring issues that arise in entrepreneurial culture and to identify viable means of handling as well as preempting such problems
recurring issues = issues that occur more than once
viable means = practical methods
preempting such problems = foreseeing issues


3. The primary purpose of the passage is to
A. question the stated goals of a program
B. promote and discuss a particular program that is well-designed and relatively risk-free
C. describe how a program is helping small enterprises with their managerial skills to help them succeed in their endeavors
D. analyze and evaluate a program with reference to its roles and aims
E. highlight the risks implicit in a specific venture

A. Incorrect: Out of Context
The author does not question the nature of the goals SEDP intends to pursue. In the last sentence of the passage, the author does say that one cannot rule out the possibility that a single program can achieve all the stated goals, but the main purpose of the author is not to highlight this aspect. In fact, in the later half of the same sentence, the author highlights a positive aspect of the program.
B.Incorrect: Inconsistent
Although the author does state that the program minimizes risk of failure by taking certain steps, the passage does not promote the SEDP initiative at any point.
C. Incorrect: Partial Scope
This choice barely covers the scope of the first paragraph.
D. Correct
This choice is the closest to the author’s purpose in writing the passage and matches our pre-thinking analysis. The author analyzes SEDP in first and second paragraphs and evaluates it in the last paragraph.
E. Incorrect: Opposite
This statement only captures one sentence of the passage – first line of last paragraph. This sentence states that there are risks with the success of the initiative. But later in this paragraph the author mentions the measures that have been taken to minimize these risks. Furthermore, first two paragraphs of the passage discuss the initiative in detail. Thus, highlighting the risks is not the primary purpose of the passage.


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The recently-implemented Small Enterprise Development Program  [#permalink]

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New post 29 Jun 2018, 05:53
Not happy with the answer to the 3rd question. C looks to be the answer. Nowhere in the 1st and 2nd para is the RC analyzing but only describing what the program does and how it helps small enterprises.
GMATNinja
Could you please help
Skywalker-what is the source?
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Re: The recently-implemented Small Enterprise Development Program  [#permalink]

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New post 29 Jun 2018, 22:26
This looks like a question from a dodgy source to me -- there are some language choices that don't sound like the GMAT at all. Skywalker18, any idea where this question is from? Unless we can confirm that it's from an official source, I'll probably keep my mouth shut on this one. :shh:
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Re: The recently-implemented Small Enterprise Development Program  [#permalink]

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New post 29 Jun 2018, 22:34
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GMATNinja wrote:
This looks like a question from a dodgy source to me -- there are some language choices that don't sound like the GMAT at all. Skywalker18, any idea where this question is from? Unless we can confirm that it's from an official source, I'll probably keep my mouth shut on this one. :shh:


GMATNinja -This passage is not from an Official source.
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Re: The recently-implemented Small Enterprise Development Program  [#permalink]

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New post 29 Jun 2018, 22:38
GMATNinja wrote:
This looks like a question from a dodgy source to me -- there are some language choices that don't sound like the GMAT at all. Skywalker18, any idea where this question is from? Unless we can confirm that it's from an official source, I'll probably keep my mouth shut on this one. :shh:



GMATNinja

Thank you for your opinion on this-so do you recommend doing verbal ONLY from official sources to score V40+ ?
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Re: The recently-implemented Small Enterprise Development Program  [#permalink]

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New post 30 Jun 2018, 14:59
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KS15 wrote:
GMATNinja

Thank you for your opinion on this-so do you recommend doing verbal ONLY from official sources to score V40+ ?

It pains me to say this because I know how much work test-prep people put into their verbal questions... but we don't let our private tutoring students use non-official verbal questions at all. They can be super-helpful for quant, especially if you want extra practice on certain topics, but I'm personally not a fan of using them for verbal. That's a big part of why we're such big proponents of using the LSAT for CR and RC.

But that's just my opinion. Other test-prep folks will certainly disagree with me, especially if they've invested heavily in creating their own verbal questions.
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Re: The recently-implemented Small Enterprise Development Program  [#permalink]

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New post 31 Aug 2018, 01:14
1. As per the SEDP, which of the following is NOT likely to be an essential requirement for small businesses to succeed?


This is an Inference question. The word “suggests” indicates that correct inferences will follow closely from what is directly stated in the passage, but may not be explicitly stated in the passage.

The question asks us to identify which choice is NOT implied by the passage. Hence, four choices will identify correct inferences supported by the passage, and the one that doesn’t will be the correct answer.

The author states in paragraph 1 that SEDP will help “small businesses to succeed in their endeavors by adopting the requirements of sustainable enterprise.” The four requirements of sustainable enterprise are listed in the first sentence of the passage as follows:

1.Innovate
2.Adopt ecofriendly methodologies
3.Enhance human resources
4.Improve productivity to keep up with markets

A. Use eco-efficient means of production

Incorrect: Can be Inferred. This choice corresponds to point 2 in the list.

B. Increase productivity

Incorrect: Can be Inferred. This choice corresponds to point 4 in the list.

C. Improve training programs for its employees

Incorrect: Can be Inferred. This choice corresponds to point 3 in the list.

D. Obtain funding from federal organizations

Correct: Out of Context. According to the author, this is a means by which SEDP hopes to minimize its risk of failure. It is not cited as a requirement of small businesses.

E. Adopt new methods

Incorrect: Can be Inferred. This choice corresponds to point 1 in the list.

2. Which of the following CANNOT be inferred from the passage?


A. The achievement of SEDP’s goals would be less risky if it worked in coalition with another agency.

Incorrect: Can be Inferred. This can be derived by combining the bolded portions in the third paragraph.

Paragraph from the passage:

While it is doubtful whether a single initiative can achieve such ambitious goals, SEDP has minimized the risk of failure by implementing two techniques: first, it selects businesses run by entrepreneurs who have been identified through verifiable channels as those with the most potential to create growth-oriented enterprises, and second, it ensures that its potential financial losses are covered by funding from federal organizations that have elected to participate in the initiative, their interests driven by the potential of improved employment rates and overall economic growth.

First and second bolded portion imply that the author believes that the risk with achieving SEDP’s goals can be minimized. Third bolded portion indicates the way in which this can be done – through coalition with another agency – federal organization.

B. Organizations participating in the SEDP initiative have interests that are not similar to those of SEDP.

Correct: Opposite

In the last sentence of the passage we are told that the organizations that participate in SEDP want improvement in employment rates.

Similarly in the last sentence of second paragraph, we are told that SEDP as well aims for improvement in the employment rates.

Thus by combining these two bits of information, it can be inferred that the participating organizations and SEDP share the common goal of improving employment rates. Hence this choice is the correct answer since it cannot be inferred from the passage.

C. One of the goals of SEDP is to make young graduates realize their potentials

Incorrect: Can be Inferred. This statement can be inferred from the following section:

SEDP also aims to design and implement tools to promote self-awareness among young graduates,…
Promoting self-awareness also means making the individuals realize what they are capable of.

D. As per SEDP, improvement in management related skills boosts the chances of small businesses to realize success in their efforts.

Incorrect: Can be Inferred. This statement can be inferred from the first sentence of the passage:

The recently-implemented Small Enterprise Development Program (SEDP) focuses on enhancing the managerial skills of entrepreneurs and, thereby, increasing the potential of small businesses to succeed in their endeavors

E. Identifying practical methods of foreseeing issues that occur more than once in a self-started business is a role of SEDP

Incorrect: Can be Inferred. This statement can be inferred from the first sentence of the second paragraph.

One of the primary functions of SEDP is to address recurring issues that arise in entrepreneurial culture and to identify viable means of handling as well as preempting such problems

recurring issues = issues that occur more than once
viable means = practical methods
preempting such problems = foreseeing issues

3. The primary purpose of the passage is to


A. question the stated goals of a program

Incorrect: Out of Context

The author does not question the nature of the goals SEDP intends to pursue. In the last sentence of the passage, the author does say that one cannot rule out the possibility that a single program can achieve all the stated goals, but the main purpose of the author is not to highlight this aspect. In fact, in the later half of the same sentence, the author highlights a positive aspect of the program.

B. promote and discuss a particular program that is well-designed and relatively risk-free

Incorrect: Inconsistent. Although the author does state that the program minimizes risk of failure by taking certain steps, the passage does not promote the SEDP initiative at any point.

C. describe how a program is helping small enterprises with their managerial skills to help them succeed in their endeavors

Incorrect: Partial Scope. This choice barely covers the scope of the first paragraph.

D. analyze and evaluate a program with reference to its roles and aims

Correct. This choice is the closest to the author’s purpose in writing the passage. The author analyzes SEDP in first and second paragraphs and evaluates it in the last paragraph.

E. highlight the risks implicit in a specific venture

Incorrect: Opposite

This statement only captures one sentence of the passage – first line of last paragraph. This sentence states that there are risks with the success of the initiative. But later in this paragraph the author mentions the measures that have been taken to minimize these risks. Furthermore, first two paragraphs of the passage discuss the initiative in detail. Thus, highlighting the risks is not the primary purpose of the passage.
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Re: The recently-implemented Small Enterprise Development Program &nbs [#permalink] 31 Aug 2018, 01:14
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