Obviously, entrepreneurial ability is needed to start a successful company. Yet many entrepreneurs who succeed in starting a company fail later for lack of managerial skills. For instance, they do not adequately analyze market trends and, consequently, they fail in managing company growth. Hence, the lack of managerial skills and the lack of entrepreneurial ability can each inhibit the development of successful companies.

Summarize Argument
The author concludes that the lack of managerial skills and the lack of entrepreneurial ability can each hinder development of successful companies. This is because entrepreneurial ability is required to start a successful company, and because bad managerial skills can lead to failure after a company has been started.

Identify Argument Part
The referenced text is an example of how bad managerial skills can lead to failure of a company after it has started.

A
It is the main conclusion drawn in the argument.
The referenced text is offered as support for the conclusion. It is not the conclusion itself.
B
It is presented as an example of the phenomenon the argument seeks to explain.
Although the referenced text is an example, the argument isn’t trying to explain a phenomenon. The argument is trying to establish that lack of certain skills can hinder development of successful companies.
C
It is meant as an aside and is not supposed to provide evidence in support of the argument’s conclusion.
The referenced text is offered as support. It’s not an irrelevant side comment.
D
It is a premise that is intended to support the argument’s main conclusion directly.
The referenced text does not support the main conclusion directly; only indirectly. It’s an example supporting the claim that many entrepreneurs fail after starting a company because they lack managerial skills. This claim in turn supports the main conclusion.
E
It is an example that is offered in support of a premise that is intended to support the argument’s main conclusion directly.
This accurately describes the role. It is an example of the premise that many entrepreneurs fail for lack of managerial skills. This premise in turn supports the conclusion that both a lack of managerial skills and the lack of entrepreneurial ability are bad for companies.

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Most people who are skilled banjo players are also skilled guitar players. But most people who are skilled guitar players are not skilled banjo players.

Summary
Most skilled banjo players are also skilled guitar players. However, most skilled guitar players are not skilled banjo players.

Notable Valid Inferences
There are more skilled guitar players than skilled banjo players.

A
There are more people who are skilled at playing both the guitar and the banjo than there are people who are skilled at playing only one of the two instruments.
Must be false. There must be more people who are skilled guitar players but not skilled banjo players.
B
A person trying to learn how to play the guitar is more likely to succeed in doing so than is a person trying to learn how to play the banjo.
Could be false. The stimulus does not give us any information about which group is more likely to succeed. It is possible that more people are likely to succeed at playing the banjo, but the banjo just isn’t as popular.
C
Playing the guitar takes more skill than playing the banjo does.
Could be false. The stimulus does not give us any information about what instrument requires more skill. It is possible that playing the banjo requires more skill.
D
There are more people who are skilled at playing the guitar than there are people who are skilled at playing the banjo.
Must be true. This is the only way it could both be true that most skilled banjo players are skilled guitar players and that not most skilled guitar players are banjo players.
E
There are more people who are skilled at playing the banjo than there are people who are skilled at playing the guitar.
Must be false. There must be more people who are skilled guitar players but not skilled banjo players.

18 comments

Polls have shown that a higher percentage of graduating university students are against proposals to reduce government social services than are students entering their first year at a university. These polls lead us to the conclusion that people with a university education are more likely to favor retaining or increasing the present level of government social services than are members of the overall population.

Summarize Argument
The author concludes that university graduates are more likely to be in favor of retaining or increasing social services than the overall population. As evidence, she cites polls showing that graduating university students view social services more favorably than incoming students.

Notable Assumptions
The author believes hat since graduating university students view social services favorably, people with university education view social services favorably. She therefore assumes people don’t change their views on social services sometime after graduating. The author also assumes that incoming university students are representative of the general population, without considering people who never attend university.

A
The polls of graduating university students were designed to avoid overrepresenting any single academic discipline.
This strengthens the author’s argument. The polls weren’t skewed any one way.
B
The political views of people with a university education are to a large degree influenced by their professors, and university professors are usually against reducing government social services.
Like (A), this strengthens the author’s argument. If people with a university education are strongly influenced by their pro-social service professors, then they likely are more in favor of social services than the general population.
C
Polls of retired persons who have not graduated from a university show a higher percentage of persons in favor of reducing government social services than do polls of retired persons who have graduated from a university.
This supports the author’s argument. Later in life, people with no university education are more likely in favor of cutting social services than people with a university education.
D
Polls of those who graduated from a university more than five years before being polled show a higher percentage of people in favor of reducing government social services than do polls of the overall population.
While graduating students are disproportionately in favor of social services, these views change within five years of graduation. Thus, people with a university education actually aren’t more likely than average to be in favor of social services.
E
In the polls cited, graduating university students were more likely to express strong opinions about the question of reducing government social services than were students entering a university.
We don’t care who has strong opinions on the issue. We simply care how favorably they view retaining or increasing social services.

18 comments

Columnist: Some people argue that the government should not take over failing private-sector banks because the government does not know how to manage financial institutions. However, rather than managing a bank’s day-to-day operations, the government would just need to select the bank’s senior management. Most politicians have never been military professionals, yet they appoint the top military officials entrusted with defending the country—at least as great a responsibility as managing a bank.

Summary

Some people argue the government should not take over failing private-sector banks because the government does not know how to manage financial institutions. However, the government would just need to select the bank’s senior management, not manage day-to-day operations. Most politicians have never been military professionals, yet they appoint the top military officials. This is at least as great a responsibility as managing a bank.

Notable Valid Inferences

Managing the military requires more knowledge than managing a private-sector bank does.

Government-owned banks can be well managed.

Politicians do an acceptable job when appointing top military officials to defend the country.

A
Commanding a branch of the military requires greater knowledge than running a bank does.

Could be true. The Columnist tells us that appointing top military officials is as least as great a responsibility as managing a bank. It is possible that commanding a military branch requires greater knowledge if it requires as much or more responsibility.

B
Politicians do an adequate job of appointing the top military officials entrusted with defending the country.

Could be true. The Columnist tells us that appointing top military officials is as least as great a responsibility as managing a bank in order to support their main conclusion. It is consistent for the Columnist to believe that politicians do an adequate job.

C
Politicians are not capable of managing a bank’s day-to-day operations.

Could be true. It is possible that the Columnist believes politicians are not capable of managing day-to-day operations, but the Columnist claims that politicians would not have to do this anyway. Instead, the politicians would select senior management.

D
Banks that are owned by the government cannot be well managed.

Must be false. This answer choice directly contradicts the Columnist’s argument in the stimulus. The Columnists is arguing against the people who claim the government should not take over failing private-sector banks.

E
The government should not take over private-sector banks that are financially sound.

Could be true. The argument in the stimulus is restricted to government takeover of failing private-sector banks. It is possible the Columnist believes the government should not take over private banks that are financially stable.


3 comments