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.
Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:
Sayali narrates her experience of succeeding on the GMAT after 4 attempts & 2 years of preparations. Sayali achieved 99 percentile score on GMAT Focus edition after significantly improving her performance in verbal section of the GMAT
We present a collection of 30 GMAT Focus practice questions covering Problem Solving, Data Sufficiency, Data Insights, and Critical Reasoning. Take this GMAT practice quiz live with peers, analyze your GMAT study progress, and more.
Struggling with Table analysis questions on GMAT Data Insights? You're not alone! With typical accuracy rates hovering around 45% and average solving time of 3.25 minutes per question, Table analysis can be a real challenge.
Grab 20% off any Target Test Prep GMAT Focus plan during our Flash Sale. Just enter the coupon code FLASH20 at checkout to save up to $320. The offer ends on Tuesday, April 30.
After just 3 months of studying with the TTP GMAT Focus course, Conner scored an incredible 755 (Q89/V90/DI83) on the GMAT Focus. In this live interview, he shares how he achieved his outstanding 755 (100%) GMAT Focus score on test day.
In this conversation with Ankit Mehra, IESE MBA and CEO & Co-Founder, of GyanDhan, we will discuss how prospective MBA students can finance their MBA education with education loans and scholarships.
What do András from Hungary, Pablo from Mexico, Conner from the United States, Giorgio from Italy, Leo from Germany, and Rishab from India have in common? They all earned top scores on the GMAT Focus Edition using the Target Test Prep course!
What do András from Hungary, Conner from the United States, Giorgio from Italy, Leo from Germany, and Saahil from India have in common? They all earned top scores on the GMAT Focus Edition using the Target Test Prep course!
(This passage was written in 1978.) Recent years have
[#permalink]
31 Oct 2005, 15:26
(This passage was written in 1978.)
Recent years have brought minority-owned businesses in the United States unprecedented opportunities—as well as new and significant risks. Civil rights activists have long argued that one of the principal reasons why Blacks, Hispanics, and other minority groups have difficulty establishing themselves in business is that they lack access to the sizable orders and subcontracts that are generated by large companies. Now Congress, in apparent agreement, has required by law that businesses awarded federal contracts of more than $500,000 do their best to find minority subcontractors and record their efforts to do so on forms filed with the government. Indeed, some federal and local agencies have gone so far as to set specific percentage goals for apportioning parts of public works contracts to minority enterprises.
Corporate response appears to have been substantial. According to figures collected in 1977, the total of corporate contracts with minority businesses rose from $77 million in 1972 to $1.1 billion in 1977. The projected total of corporate contracts with minority businesses for the early 1980’s is estimated to be over 53 billion per year with no letup anticipated in the next decade. Promising as it is for minority businesses, this increased patronage poses dangers for them, too. First, minority firms risk expanding too fast and overextending themselves financially, since most are small concerns and, unlike large businesses, they often need to make substantial investments in new plants, staff, equipment, and the like in order to perform work subcontracted to them. If, thereafter, their subcontracts are for some reason reduced, such firms can face potentially crippling fixed expenses. The world of corporate purchasing can be frustrating for small entrepreneurs who get requests for elaborate formal estimates and bids. Both consume valuable time and resources, and a small company’s efforts must soon result in orders, or both the morale and the financial health of the business will suffer.
A second risk is that White-owned companies may seek to cash in on the increasing apportionments through formation of joint ventures with minority-owned concerns. Of course, in many instances there are legitimate reasons for joint ventures; clearly, White and minority enterprises can team up to acquire business that neither could acquire alone. But civil rights groups and minority business owners have complained to Congress about minorities being set up as “frontsâ€
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Still interested in this question? Check out the "Best Topics" block below for a better discussion on this exact question, as well as several more related questions.
Re: (This passage was written in 1978.) Recent years have
[#permalink]
31 Oct 2005, 16:12
Here is my responses. Must admit I took more than 10 mins for this.
1. E.
Main purpose
B is close
describe a situation and its potential drawbacks
I didnt chose it as all author is talking about it "risks" NOT "drawbacks"
Others can be eliminated easily.
2. E
Specific question based on passage
small businesses might be overextended because they will have to buy alot of fixed assets. (para 2)
Others are not supported in passage.
B. passage just say they need to inform "on some forms"..does not say to WHICH govt agency.
D. passage says business grew from 77m to 1.1. but doe not say anything about how much "number of businesses" grew
3. C
Specific Question on passage
1st para supports ans choice C. (reqorded though)
4. A
Specific Question on passage
5. C
Inference question Last para
6. B
Inference Question Para 1
Indeed, some federal and local agencies have gone so far as to set specific percentage goals
7. B
Inference Question
If minority businesses were already close to 1b in 1970, there is no substantial improvement.
8. C
Author Agreement
tough one. I could not find any sutaible ans for this
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
gmatclubot
Re: (This passage was written in 1978.) Recent years have [#permalink]