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15 Aug 2022, 06:17
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The year-end sales report from a veterinary vaccine company states the following:
A regulation significantly curbing the use of mink furs to manufacture garments was passed during the middle of this year. However, compared to last year, there was no change in the revenues from the sales of the vaccine Minkvac that is mandatory to be administered to all the minks that are used to manufacture garments.
Because of the above report, the managers of the vaccine company did not reduce the projected revenues from Minkvac for the next year, a value that was estimated last year.
Which of the following options, if true, indicates most strongly that the projection made by the managers for the next year mentioned in the passage would most likely not be met?
A. A new vaccine, Catvac, developed by the company would bring in significant revenues next year.
B. Development of the company’s another vaccine called Racoonvac was hindered because of safety concerns and will not be marketed next year as previously planned.
C. The latest clinical trial results for Minkvac have proven that the effectiveness of the vaccine is only 80% as compared to 90% previously thought to be.
D. Minkvac is a vaccine against a seasonal disease that spreads in the second quarter of the year and hence almost all the vaccines are sold in the first quarter.
E. Even though some high-performing sales managers responsible for Minkvac sales left the company last year, the revenues from Minkvac this year are not affected.
A regulation significantly curbing the use of mink furs to manufacture garments was passed during the middle of this year. However, compared to last year, there was no change in the revenues from the sales of the vaccine Minkvac that is mandatory to be administered to all the minks that are used to manufacture garments.
Because of the above report, the managers of the vaccine company did not reduce the projected revenues from Minkvac for the next year, a value that was estimated last year.
Which of the following options, if true, indicates most strongly that the projection made by the managers for the next year mentioned in the passage would most likely not be met?
A. A new vaccine, Catvac, developed by the company would bring in significant revenues next year.
B. Development of the company’s another vaccine called Racoonvac was hindered because of safety concerns and will not be marketed next year as previously planned.
C. The latest clinical trial results for Minkvac have proven that the effectiveness of the vaccine is only 80% as compared to 90% previously thought to be.
D. Minkvac is a vaccine against a seasonal disease that spreads in the second quarter of the year and hence almost all the vaccines are sold in the first quarter.
E. Even though some high-performing sales managers responsible for Minkvac sales left the company last year, the revenues from Minkvac this year are not affected.
15 Aug 2022, 06:17
Kudos
Bookmarks
Official Solution:
The year-end sales report from a veterinary vaccine company states the following:
A regulation significantly curbing the use of mink furs to manufacture garments was passed during the middle of this year. However, compared to last year, there was no change in the revenues from the sales of the vaccine Minkvac that is mandatory to be administered to all the minks that are used to manufacture garments.
Because of the above report, the managers of the vaccine company did not reduce the projected revenues from Minkvac for the next year, a value that was estimated last year.
Which of the following options, if true, indicates most strongly that the projection made by the managers for the next year mentioned in the passage would most likely not be met?
A. A new vaccine, Catvac, developed by the company would bring in significant revenues next year.
B. Development of the company’s another vaccine called Racoonvac was hindered because of safety concerns and will not be marketed next year as previously planned.
C. The latest clinical trial results for Minkvac have proven that the effectiveness of the vaccine is only 80% as compared to 90% previously thought to be.
D. Minkvac is a vaccine against a seasonal disease that spreads in the second quarter of the year and hence almost all the vaccines are sold in the first quarter.
E. Even though some high-performing sales managers responsible for Minkvac sales left the company last year, the revenues from Minkvac this year are not affected.
A. This option is irrelevant. The projection is about the revenues from Minkvac and not from other vaccines.
B. This option is irrelevant. The projection is about the revenues from Minkvac and not from other vaccines.
C. The effectiveness of the vaccine has no bearing on the revenues from the vaccine, more so because it is mandatory to administer the vaccine to all the minks that are used to manufacture garments.
D. CORRECT. This option highlights a possible reason that the effect of the regulation is not perceivable this year, but will be perceivable next year. Because the sale of Minkvac was already finished (in the first quarter of this year) before the regulation came out (middle of this year), the effect of the regulation is not seen this year. The first time the effect of the regulation can be seen on the sale of the vaccines will be the first quarter of next year and it is likely the revenues from the vaccine would reduce because of curbing the use of minks.
E. This option is irrelevant. The question is about the change of revenue from this year to next year and has no bearing on the change in revenues from last year to this year.
Answer: D
The year-end sales report from a veterinary vaccine company states the following:
A regulation significantly curbing the use of mink furs to manufacture garments was passed during the middle of this year. However, compared to last year, there was no change in the revenues from the sales of the vaccine Minkvac that is mandatory to be administered to all the minks that are used to manufacture garments.
Because of the above report, the managers of the vaccine company did not reduce the projected revenues from Minkvac for the next year, a value that was estimated last year.
Which of the following options, if true, indicates most strongly that the projection made by the managers for the next year mentioned in the passage would most likely not be met?
A. A new vaccine, Catvac, developed by the company would bring in significant revenues next year.
B. Development of the company’s another vaccine called Racoonvac was hindered because of safety concerns and will not be marketed next year as previously planned.
C. The latest clinical trial results for Minkvac have proven that the effectiveness of the vaccine is only 80% as compared to 90% previously thought to be.
D. Minkvac is a vaccine against a seasonal disease that spreads in the second quarter of the year and hence almost all the vaccines are sold in the first quarter.
E. Even though some high-performing sales managers responsible for Minkvac sales left the company last year, the revenues from Minkvac this year are not affected.
A. This option is irrelevant. The projection is about the revenues from Minkvac and not from other vaccines.
B. This option is irrelevant. The projection is about the revenues from Minkvac and not from other vaccines.
C. The effectiveness of the vaccine has no bearing on the revenues from the vaccine, more so because it is mandatory to administer the vaccine to all the minks that are used to manufacture garments.
D. CORRECT. This option highlights a possible reason that the effect of the regulation is not perceivable this year, but will be perceivable next year. Because the sale of Minkvac was already finished (in the first quarter of this year) before the regulation came out (middle of this year), the effect of the regulation is not seen this year. The first time the effect of the regulation can be seen on the sale of the vaccines will be the first quarter of next year and it is likely the revenues from the vaccine would reduce because of curbing the use of minks.
E. This option is irrelevant. The question is about the change of revenue from this year to next year and has no bearing on the change in revenues from last year to this year.
Answer: D
