Percent of the Total Value of U.S. Lend Lease
Supplies Received by U.S. Allies|
|1st Year||2nd Year|
|Total Value of Supplies|
(in billions of dollars)
What percent of the total value of lend-lease supplies for both years was received by Russia and Britain combined?
If the length of a rectangle is increased by 10 percent and the width by 40 percent, by what percent is the area increased.
Directions: The questions in this part are based on situations which involve some sort of dispute or disagreement. In most of the questions you will be asked to evaluate the arguments which might be offered by the disputants; some questions will require you to analyze the situations in other ways. You are to assume that these disputes are being brought before an intelligent lay arbitrator (not a court of law) for decision; the questions, therefore, will not involve any legal precedents or technicalities. You are to evaluate the situations objectively in terms of ordinary concepts of fair play and base your answers on a logical analysis of the facts and arguments as they are presented.
Bruce bond, a broker, one morning overhears a famous financer say, “The price of American Beartrap stock will go sky-high within two weeks” Later that day Pete Goodfellow, an old friend to whom Bond owes many favors, calls on Bond to ask for advice about investments. He emphasizes that he wants to buy some stock on which he can make money quickly because he is in a tight financial spot. Bond says that American Beartrap is the best buy he knows at the moment. When Goodfellow protests that he has never heard of American Bearstrap, Bond replies that the basis of his recommendation is information received from a reliable source. Goodfellow accepts the advice and invests heavily. Within two weeks American Beartrap stock has become virtually worthless, Goodfellow’s entire investment is lost, and Goodfellow is ruined financially. Goodfellow thereupon accuses Bond of causing his financial downfall.
Which one of the following arguments best supports Goodfellow’s accusation?
(A) Bond should not have presumed to give Goodfellow any advice.
(B) Goodfellow naturally believed that Bond wanted to help him.
(C) Bond had misrepresented his knowledge of the situation.
(D) Bond should have cautioned Goodfellow not to invest too heavily in the stock.
(E) Bond had taken advantage of Goodfellow’s obvious lack of knowledge of financial matters.
Quantitative Reading – 55 Minutes
There have been many suggestions that in an emergency the professional schools, particularly medical school, accelerate their programs, thus graduating more trained men and women. If more doctors are to be trained we must have more of the three essentials for such a process – teachers, students, and equipment – or we must utilize those which we have to greater effect. But objections have been made to asking students and faculty to work through the four quarters of the year, and the plan herewith submitted, recognizing these objections, attempts instead a fuller utilization of the third essential equipment and supplies, to realize effectively the objectives of an accelerated program.
The proposed plan, which is essentially the more frequent admission of freshman classes, is designed for those schools which operate on the quarter as opposed to the semester, plan. Following this plan such a school could graduate four classes in three years by the admission of a freshman class every nine months.
An illustration from the table below may serve to clarify the proposal. In accordance with the plan, one class, indicated on the table by the letter A, would enter medical school as a freshman in the Summer Quarter of 1951, continue in school through three consecutive quarters, and go on vacation during the Spring Quarter of 1952. Students in class B would enter as freshman in the Spring Quarter of 1952, continue in school through the Summer and Autumn Quarters of 1952, and go on vacation during the Winter Quarter, at which time students in class C would begin their freshman year. As can be seen from the table, there would always be a freshman, sophomore, junior, and senior class in school.
Classes X, Y, and Z are included in the plan
(A) as the second, third, and fourth new classes.
(B) as convenient symbols to take up the lapse before the admission of B
(C) as illustrations of the classes which work through four quarters a year
(D) to show how classes already formed fit into the new plan
(E) to indicate the necessity for a summer recess
These questions were published in 1984 in Appendix A of the Graduate Management Admission Test: Technical Report on Test Development and Score Interpretation for GMAT Users by William B. Schrader for the Graduate Management Admission Council.
The GMAT® questions, whether taken from the GMAT® mini-test, The Graduate Management Admission Test: Technical Report on Test Development and Score Interpretation for GMAT users (1984), or in any other form, are the property of the Graduate Management Admission Council® and have been reprinted with its permission for illustrative purposes only in the article titled “History of the GMAT and the associated GMAT exams - 1954; 1961; 1966; 1972; 1976; 1977; 1984; 1994; and 1997