It is currently 19 Oct 2017, 15:28

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

With a record number of new companies starting up in Derderia and with

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

Hide Tags

SVP
SVP
avatar
Joined: 21 Jul 2006
Posts: 1512

Kudos [?]: 1006 [0], given: 1

With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 27 Oct 2008, 11:19
5
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  55% (hard)

Question Stats:

58% (01:04) correct 42% (01:09) wrong based on 516 sessions

HideShow timer Statistics

With a record number of new companies starting up in Derderia and with previously established companies adding many jobs, a record number of new jobs were created last year in the Derderian economy. This year, previously established companies will not be adding as many new jobs overall as such companies added last year. Therefore, unless a record number of companies start up this year, Derderia will not break its record for new jobs created.

Which of the following is an assumption on which the argument relies?

(A) Each year, new companies starting up create more new jobs overall than do previously established companies.

(B) Companies established last year will not add a greater number of jobs overall this year than they did last year.

(C) This year, the new companies starting up will not provide substantially more jobs per company than did new companies last year.

(D) This year, the overall number of jobs created by previously established companies will be less than the overall number of jobs lost at those companies.

(E) The number of jobs created in the Derderian economy last year was substantially larger than the number of jobs lost last year.
[Reveal] Spoiler: OA

Kudos [?]: 1006 [0], given: 1

1 KUDOS received
VP
VP
User avatar
Joined: 05 Jul 2008
Posts: 1402

Kudos [?]: 437 [1], given: 1

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 27 Oct 2008, 12:14
1
This post received
KUDOS
tarek99 wrote:
With a record number of new companies starting up in Derderia and with previously established companies adding many jobs, a record number of new jobs were created last year in the Derderian economy. This year, previously established companies will not be adding as many new jobs overall as such companies added last year. Therefore, unless a record number of companies start up this year, Derderia will not break its record for new jobs created.

Which of the following is an assumption on which the argument relies?

a) Each year, new companies starting up create more new jobs overall than do previously established companies.

If they do so, it is possible that D will have more jobs created this year but our conclusion says otherwise.

b) Companies established last year will not add a greater number of jobs overall this year than they did last year.


Isn't this already stated in the stimulus?

c) This year, the new companies starting up will not provide substantially more jobs per company than did new companies last year.

IMO, Correct. Negate this. New Companies will provide substantially more jobs per company than did new companies last year. So There is a chance that the new jobs this year will break the last year's record. If we look at the stimulus it reaches the conclusion that total number of jobs created will be less than last year based on the lesser number of jobs created by established companies. So the missing piece is the new start ups will not hire massively to set a new record.


d) This year, the overall number of jobs created by previously established companies will be less than the overall number of jobs lost at those companies.

Unrelated. we are not talking about the net jobs and whether the net jobs (created-lost) is positive or negative

e) The number of jobs created in the Derderian economy last year was substantially larger than the number of jobs lost last year.

Unrelated.




Please explain your answer and also the reason why each of the other answer choices are wrong.

Thanks!


I say C

Kudos [?]: 437 [1], given: 1

Director
Director
avatar
Joined: 23 May 2008
Posts: 801

Kudos [?]: 83 [0], given: 0

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 27 Oct 2008, 12:19
tarek99 wrote:
With a record number of new companies starting up in Derderia and with previously established companies adding many jobs, a record number of new jobs were created last year in the Derderian economy. This year, previously established companies will not be adding as many new jobs overall as such companies added last year. Therefore, unless a record number of companies start up this year, Derderia will not break its record for new jobs created.

Which of the following is an assumption on which the argument relies?

a) Each year, new companies starting up create more new jobs overall than do previously established companies.

b) Companies established last year will not add a greater number of jobs overall this year than they did last year.

c) This year, the new companies starting up will not provide substantially more jobs per company than did new companies last year.

d) This year, the overall number of jobs created by previously established companies will be less than the overall number of jobs lost at those companies.

e) The number of jobs created in the Derderian economy last year was substantially larger than the number of jobs lost last year.



Please explain your answer and also the reason why each of the other answer choices are wrong.

Thanks!


unless a record number of companies start up this year derderia will not be breaking the record for new jobs from last year because previously established companies will not be adding new jobs

this argument relies on the assumption that the record number of companies that start up will create more jobs than ever before (just because the company starts up doesnt mean it creates more jobs.

ill go with A

Kudos [?]: 83 [0], given: 0

VP
VP
User avatar
Joined: 05 Jul 2008
Posts: 1402

Kudos [?]: 437 [0], given: 1

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 27 Oct 2008, 12:58
bigtreezl wrote:
unless a record number of companies start up this year derderia will not be breaking the record for new jobs from last year because previously established companies will not be adding new jobs

this argument relies on the assumption that the record number of companies that start up will create more jobs than ever before (just because the company starts up doesnt mean it creates more jobs.

ill go with A


But out conclusion is that D will not break the record created last year. A says that there is a chance that record will be broken. C says that even if record number of companies are started and they dont make up substantially for what is lost from non hiring in established companies. Then we will still have the conclusion that record will not be broken.

Kudos [?]: 437 [0], given: 1

Director
Director
avatar
Joined: 23 May 2008
Posts: 801

Kudos [?]: 83 [0], given: 0

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 27 Oct 2008, 13:23
icandy wrote:
bigtreezl wrote:
unless a record number of companies start up this year derderia will not be breaking the record for new jobs from last year because previously established companies will not be adding new jobs

this argument relies on the assumption that the record number of companies that start up will create more jobs than ever before (just because the company starts up doesnt mean it creates more jobs.

ill go with A


But out conclusion is that D will not break the record created last year. A says that there is a chance that record will be broken. C says that even if record number of companies are started and they dont make up substantially for what is lost from non hiring in established companies. Then we will still have the conclusion that record will not be broken.


I was torn btw A and C, but
the conclusion says "unless a record number...." so even if you have a record number of new start ups, the assumption is that these start ups will create a record number of jobs.

Kudos [?]: 83 [0], given: 0

4 KUDOS received
Manager
Manager
avatar
Joined: 26 Oct 2008
Posts: 116

Kudos [?]: 114 [4], given: 0

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 27 Oct 2008, 15:44
4
This post received
KUDOS
The correct answer is C.

This one tastes like a GMAT question, although the waiter came along and sprinkled plenty of freshly ground LSAT on top. If we put the conclusion into a more normal grammatical order (which does NOT change its logical meaning!!), it becomes "Derderia will not break its record for new jobs created unless a record number of companies start up this year." Logically, the structure "not A unless B" means exactly the same thing as "If A, then B" (one of the useful points we teach in the Kaplan LSAT course).

So the conclusion actually means "If Derderia breaks its record for new jobs created, a record number of companies must have started up", or, contrapositively, "If a record number of companies do not start up, Derderia will not break its record."

What's the evidence? Only two facts: New jobs are created by previously established companies adding jobs and by new companies starting up; and this year's previously established companies are not going to add as many jobs as last year's established companies did.

What is missing? In order to prove the conclusion, we need to prove that if the evidence is true and IF a record number of companies do not start up, then the TOTAL number of new jobs created this year will be fewer than last year. The evidence tells us that the established companies will create fewer jobs. In order to show that the total number of new jobs will be smaller, we also need to know that the startups will create fewer jobs.

The "if" part of the conclusion tells us that there will be fewer startup COMPANIES -- but that is not what we need. We need fewer JOBS. Therefore, the missing assumption is that fewer startup COMPANIES necessarily means fewer JOBS. Answer choice C guarantees that this will be true, and so it is correct.
_________________

Grumpy

Kaplan Canada LSAT/GMAT/GRE teacher and tutor

Kudos [?]: 114 [4], given: 0

Manager
Manager
avatar
Joined: 24 Sep 2008
Posts: 100

Kudos [?]: 4 [0], given: 0

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 27 Oct 2008, 22:16
Clear case of (C)
_________________

Kick GMAT ass

Kudos [?]: 4 [0], given: 0

1 KUDOS received
Senior Manager
Senior Manager
avatar
Joined: 20 Feb 2008
Posts: 295

Kudos [?]: 50 [1], given: 0

Location: Bangalore, India
Schools: R1:Cornell, Yale, NYU. R2: Haas, MIT, Ross
Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 27 Oct 2008, 23:19
1
This post received
KUDOS
tarek99 wrote:
With a record number of new companies starting up in Derderia and with previously established companies adding many jobs, a record number of new jobs were created last year in the Derderian economy. This year, previously established companies will not be adding as many new jobs overall as such companies added last year. Therefore, unless a record number of companies start up this year, Derderia will not break its record for new jobs created.

Which of the following is an assumption on which the argument relies?

a) Each year, new companies starting up create more new jobs overall than do previously established companies.

b) Companies established last year will not add a greater number of jobs overall this year than they did last year.

c) This year, the new companies starting up will not provide substantially more jobs per company than did new companies last year.


d) This year, the overall number of jobs created by previously established companies will be less than the overall number of jobs lost at those companies.

e) The number of jobs created in the Derderian economy last year was substantially larger than the number of jobs lost last year.



Please explain your answer and also the reason why each of the other answer choices are wrong.

Thanks!




Correct Answer Should be C


Conclusion: Therefore, unless a record number of companies start up this year, Derderia will not break its record for new jobs created.
New jobs must NOT be created by some alternate way.

The conclusion talks about the number of companies .

For Derdia to break its record for new jobs created and the number of companies to start up this year to be atleast equal to last year, the number of jobs created per company should be more.

Derdia break its record for new jobs:
Last year 4 companies 3 jobs per company= 12 jobs
1. Increase in number of companies and same number of jobs = 6 companies and 3 jobs per company = 18 jobs(Record Broken)Already stated in Conclusion
OR
2.Same number of companies and increase in number of jobs = 4 companies and 5 jobs per company = 20 jobs
(Record Broken) Alternate way mentioned in C

Kudos [?]: 50 [1], given: 0

Manager
Manager
avatar
Joined: 14 Oct 2008
Posts: 160

Kudos [?]: 64 [0], given: 0

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 28 Oct 2008, 00:11
Agree with the explanations for C.
Again tarek whats the QA ?

Kudos [?]: 64 [0], given: 0

VP
VP
avatar
Joined: 15 Jul 2004
Posts: 1439

Kudos [?]: 218 [0], given: 13

Schools: Wharton (R2 - submitted); HBS (R2 - submitted); IIMA (admitted for 1 year PGPX)
Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 29 Oct 2008, 08:47
grumpyoldman wrote:
The correct answer is C.

This one tastes like a GMAT question, although the waiter came along and sprinkled plenty of freshly ground LSAT on top. If we put the conclusion into a more normal grammatical order (which does NOT change its logical meaning!!), it becomes "Derderia will not break its record for new jobs created unless a record number of companies start up this year." Logically, the structure "not A unless B" means exactly the same thing as "If A, then B" (one of the useful points we teach in the Kaplan LSAT course).

So the conclusion actually means "If Derderia breaks its record for new jobs created, a record number of companies must have started up", or, contrapositively, "If a record number of companies do not start up, Derderia will not break its record."

What's the evidence? Only two facts: New jobs are created by previously established companies adding jobs and by new companies starting up; and this year's previously established companies are not going to add as many jobs as last year's established companies did.

What is missing? In order to prove the conclusion, we need to prove that if the evidence is true and IF a record number of companies do not start up, then the TOTAL number of new jobs created this year will be fewer than last year. The evidence tells us that the established companies will create fewer jobs. In order to show that the total number of new jobs will be smaller, we also need to know that the startups will create fewer jobs.

The "if" part of the conclusion tells us that there will be fewer startup COMPANIES -- but that is not what we need. We need fewer JOBS. Therefore, the missing assumption is that fewer startup COMPANIES necessarily means fewer JOBS. Answer choice C guarantees that this will be true, and so it is correct.


Cool +1

Kudos [?]: 218 [0], given: 13

Director
Director
avatar
Joined: 30 Jun 2007
Posts: 781

Kudos [?]: 182 [0], given: 0

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 29 Oct 2008, 11:27
Good one.

I selected A, but now realized where I went wrong!

Thanks,

Kudos [?]: 182 [0], given: 0

Retired Moderator
User avatar
Joined: 18 Jul 2008
Posts: 960

Kudos [?]: 294 [0], given: 5

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 30 Oct 2008, 08:53
I actually thought C was more of a conclusion than an assumption...

Anyone agree?

Kudos [?]: 294 [0], given: 5

SVP
SVP
avatar
Joined: 17 Jun 2008
Posts: 1534

Kudos [?]: 279 [0], given: 0

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 31 Oct 2008, 02:31
Conclusion: Derderia will not break its record for new jobs created.

Assumption should support the conclusion or one of the premises.
(a) is neutral.
(b) re-states one of the premises.
(c) eliminates an alternate means of breaking the record of new jobs. Hence, hold on this.
(d) Conclusion is not about the net jobs. Hence, irrelevant.
(e) Conclusion is not about the net jobs. Hence, irrelevant.

Hence, C should be the answer.

tarek99 wrote:
With a record number of new companies starting up in Derderia and with previously established companies adding many jobs, a record number of new jobs were created last year in the Derderian economy. This year, previously established companies will not be adding as many new jobs overall as such companies added last year. Therefore, unless a record number of companies start up this year, Derderia will not break its record for new jobs created.

Which of the following is an assumption on which the argument relies?

a) Each year, new companies starting up create more new jobs overall than do previously established companies.

b) Companies established last year will not add a greater number of jobs overall this year than they did last year.

c) This year, the new companies starting up will not provide substantially more jobs per company than did new companies last year.

d) This year, the overall number of jobs created by previously established companies will be less than the overall number of jobs lost at those companies.

e) The number of jobs created in the Derderian economy last year was substantially larger than the number of jobs lost last year.

Kudos [?]: 279 [0], given: 0

Manager
Manager
avatar
Joined: 26 Oct 2008
Posts: 116

Kudos [?]: 114 [0], given: 0

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 31 Oct 2008, 09:34
bigfernhead -- for the purposes of this question, C is not a conclusion, because the conclusion is (by definition) the conclusion stated in the PARAGRAPH. A statement such as C could certainly be a conclusion in some other context -- but here, the conclusion has to be the conclusion of the paragraph.

Interestingly enough, you could restructure this question as an inference question, with C being the correct answer. But that takes us to a very different level of logic: the logic that is used to CREATE questions. We're interested in the logic for ANSWERING them.
_________________

Grumpy

Kaplan Canada LSAT/GMAT/GRE teacher and tutor

Kudos [?]: 114 [0], given: 0

Manager
Manager
User avatar
Joined: 20 Mar 2008
Posts: 158

Kudos [?]: 63 [0], given: 0

Location: USA
Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 31 Oct 2008, 10:30
I will go with B


Edit : Oops : Agree with C

Kudos [?]: 63 [0], given: 0

Senior Manager
Senior Manager
User avatar
Joined: 21 Apr 2008
Posts: 487

Kudos [?]: 56 [0], given: 13

Schools: Kellogg, MIT, Michigan, Berkeley, Marshall, Mellon
Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 31 Oct 2008, 14:01
IMHO: C

Last year, the record was due to established companies and new companies. If this year, established companies will not add new jobs and Derderia will not reach the previous year record, thus new companies will not add more jobs than those that they did last year

OA?

Cheers

tarek99 wrote:
With a record number of new companies starting up in Derderia and with previously established companies adding many jobs, a record number of new jobs were created last year in the Derderian economy. This year, previously established companies will not be adding as many new jobs overall as such companies added last year. Therefore, unless a record number of companies start up this year, Derderia will not break its record for new jobs created.

Which of the following is an assumption on which the argument relies?

a) Each year, new companies starting up create more new jobs overall than do previously established companies.

b) Companies established last year will not add a greater number of jobs overall this year than they did last year.

c) This year, the new companies starting up will not provide substantially more jobs per company than did new companies last year.

d) This year, the overall number of jobs created by previously established companies will be less than the overall number of jobs lost at those companies.

e) The number of jobs created in the Derderian economy last year was substantially larger than the number of jobs lost last year.



Please explain your answer and also the reason why each of the other answer choices are wrong.

Thanks!

_________________

mates, please visit my profile and leave comments
http://gmatclub.com/forum/johnlewis1980-s-profile-feedback-is-more-than-welcome-80538.html

I'm not linked to GMAT questions anymore, so, if you need something, please PM me

I'm already focused on my application package :)

My experience in my second attempt
http://gmatclub.com/forum/p544312#p544312
My experience in my third attempt
http://gmatclub.com/forum/630-q-47-v-28-engineer-non-native-speaker-my-experience-78215.html#p588275

Kudos [?]: 56 [0], given: 13

4 KUDOS received
Director
Director
avatar
Status: Impossible is not a fact. It's an opinion. It's a dare. Impossible is nothing.
Affiliations: University of Chicago Booth School of Business
Joined: 26 Nov 2009
Posts: 956

Kudos [?]: 902 [4], given: 36

Location: Singapore
Concentration: General Management, Finance
Schools: Chicago Booth - Class of 2015
GMAT ToolKit User
Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 05 Sep 2010, 01:59
4
This post received
KUDOS
9
This post was
BOOKMARKED
With a record number of new companies starting up in Derderia, and with previously
established companies adding many new jobs, a record number of new jobs were created
last year in the Derderian economy. This year, previously established companies will not
be adding as many new jobs overall as such companies added last year. Therefore, unless
a record number of companies start up this year, Derderia will not break its record for
new jobs created.
Which of the following is an assumption on which the argument relies?
A. In a given year, new companies starting up create more new jobs on average than
do previously established companies.
B. The number of people seeking employment is no larger this year than it was last
year.
C. This year, the new companies starting up will not provide substantially more jobs
per company than did new companies last year.
D. Previously established companies in Derderia will be less profitable this year than
such companies were last year.
E. The number of jobs created in the Derderian economy last year was substantially
larger than the number of jobs lost.

Kudos [?]: 902 [4], given: 36

1 KUDOS received
Manager
Manager
User avatar
Joined: 15 Apr 2010
Posts: 163

Kudos [?]: 88 [1], given: 3

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 05 Sep 2010, 02:54
1
This post received
KUDOS
new jobs created = jobs created by new companies + new jobs added by established companies

The stimulus says that the established companies will not be adding as many new jobs as they did last year. Hence for the number of new jobs created this year to be greater than that created last year, number of jobs created by new companies this year should be greater than that created by the new companies last year.
The argument concludes that this can be possible only if number of new companies this year is greater than the number of new companies last year. The conclusion can hold only if we assume that the new companies starting up will not provide substantially more jobs per company than did new companies last year.

Hence C.

Kudos [?]: 88 [1], given: 3

Senior Manager
Senior Manager
avatar
Joined: 16 Apr 2006
Posts: 270

Kudos [?]: 240 [0], given: 2

Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 05 Sep 2010, 06:13
C.
Record Number of new companies are required only of few new companies can't provide large number of jobs.
_________________

Trying hard to achieve something unachievable now....

Kudos [?]: 240 [0], given: 2

Senior Manager
Senior Manager
avatar
Joined: 18 Feb 2008
Posts: 494

Kudos [?]: 125 [0], given: 66

Location: Kolkata
Re: With a record number of new companies starting up in Derderia and with [#permalink]

Show Tags

New post 05 Sep 2010, 11:10
Clear C.Can also eliminate other choices easily.

Kudos [?]: 125 [0], given: 66

Re: With a record number of new companies starting up in Derderia and with   [#permalink] 05 Sep 2010, 11:10

Go to page    1   2   3   4   5    Next  [ 83 posts ] 

Display posts from previous: Sort by

With a record number of new companies starting up in Derderia and with

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


GMAT Club MBA Forum Home| About| Terms and Conditions| 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®.