| 1 |
Typically, the entrepreneur is seen as an individual who owns and operates a small business. But, simply to own and operate a small business-or even a big business-does not make someone an entrepreneur. If this person is a true entrepreneur, then new products are being created, new ways of providing services are being implemented. Which of the following conclusions can best be drawn from the above passage?
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A. An owner of large business may be an entrepreneur.
B. Someone who develops an enterprise may be considered an entrepreneur.
C. Entrepreneurs do not own and operate small businesses.
D. Entrepreneurs are the main actors in economic growth
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| 2 |
Ever since I arrived at the college last week, I ve been shocked by the poor behavior of students and the unfriendly attitude of the towns-people, but the professors are very erudite and genuinely helpful. Still, I wonder if i should have come here in the first place. Which of the following, if true, would weaken the above conclusion ?
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A. Professors are not always helpful to students.
B. The college numbers over 50,000 students.
C. The college is far from the student's home.
D. Not all professors have doctorates.
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| 3 |
Pioneers of the motor-car industry realized that if they were going to meet the growing demand for their product, they had to adapt the labor force used in the productive process. Instead of many men working to complete all the stages of one car at a time, they assigned defined tasks to each man which they would repeat on every car. Which of the following can be concluded form the passage ?
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A. Early motor car manufacturers intended to increase productivity by applying the principle of division of labor.
B. The car workers became disgruntled because they were assigned monotonous, repetitive tasks on the assembly line.
C. Economies of scale enabled early motor companies to expand.
D. A bad worker would perform the same task badly on each car, leading to many more rejects.
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| 4 |
Prompted by proposal to convert a shipyard into a complex of condominiums with full-service marina and boat repair center and by concern about the proposal from local residents, baymen, and environmentalists, the town is considering a one-year building moratorium for the water front area. Which of the following, if true, would most seriously weaken opposition to the complex ?
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A. Condominiums would sell for $350,000 each.
B. There is a large demand for boat repair services.
C. A growing population results in the closure of shellfish.
D. There are already 1,200 moorings on the waterfront.
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| 5 |
In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surpluses with other countries. Which of the following conclusions best summarizes the passage above ?
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A. A country trade will always be in balance even though it runs a deficit with a single country.
B. A country trade deficits and surpluses with other countries always balance out.
C. A country global trade balance is a sign of strength or weakness.
D. Countries should not be concerned if they have trade deficits because they will balance out in the long run.
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| 6 |
Ali is a terrible driver. He has had at least five traffic violations, int he past year. Which of the following can be said about the above claim ?
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A. This is an example of an argument that is directed against the source of the claim rather than the claim itself.
B. The statement is fallacious because it contains an illegitimate appeal to authority.
C. The above argument obtains its strength from a similarity of two compared situations.
D. The argument is built upon an assumption that is not stated but rather is concealed.
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| 7 |
Every town with a pool hall has its share of unsavory characters. This is because the pool hall attracts gamblers and all gamblers are unsavory. Which of the following, if true, cannot be inferred from the above ?
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A. All gamblers are unsavory,
B. All pol halls attract gamblers.
C. Every town has unsavory characters.
D. All gamblers are attracted by pool halls.
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| 8 |
The states of New York, Ohio, Pennsylvania, and California provide extensive free higher education to their residents. Threes states are representative of different geographic areas of the united states. There is little reason why most states cannot provide the same service to their residents. Which of the following, it true, would weaken the above argument ?
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A. Free education is not guaranteed by the constitution.
B. New York, Ohio, Pennsylvania, and California have more qualified high school graduates than other states.
C. Most other states do not have the tax base that new york, ohio, Pennsylvania, and California have.
D. Other states do not have as many high school graduates.
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| 9 |
The President lobbied for passage of his new trade bill which would liberalize trade with industrialized countries such as Japan, members of the European Community, and Canad. Each of the following, if true, could account for the above, except:
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A. The President is up for re-election and needs to show results.
B. Labour unions have petitioned the President to provide more local jobs.
C. The trade agreement could bring a quid pro quo on pending negotiations.
D. Economists claimed that the passage of the bill would increase the country trade deficit.
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| 10 |
Professor Bilal had the task of giving grades (ranging from A - D in descending value) to her 100 students, based upon the marks they received in three examinations in which the passing mark was 50%. She was instructed to follow the following criteria: i. All students that scored between 90 and 100% in any two examinations could receive an A grade. ii. Students that came in the top decile overall were to be awarded an A. iii. Notwithstanding I and II, if any student failed an exam, the highest he or shed could get was a b. iv. The top 20 students in the whole year, when the overall exam percentages were averaged, could receive an A. Given the above criteria, which of the following in the absence of further information, would definitely not be permissible ?
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A. A. Brown, who got 95% in Chemistry and 95% in Biology, received a B grade.
B. B. White, who was first in Physics and got 96% in History, received a B grade.
C. C. Green failed English, but because he ranked ninth overall out of the 100 students, he was awarded an A grade.
D. D. Black was given an A after she came twentieth out of the 100 students and failed to get above 90% in any of the three examinations.
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