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President of the Smalltown Chamber of Commerce: In the past

Expert replies
by BTGmoderatorDC » Wed Jul 24, 2019 12:08 am

Timer

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Answers

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B

C

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E

Stats

Difficulty

President of the Smalltown Chamber of Commerce: In the past decade, the businesses in Smalltown have reported average profits of 15% above inflation. The mayor of Smalltown has explained this by citing decreased crime and a growing population, but he is incorrect. In reality, this increase in profitability is not due to these factors, but rather to the sharing of business acumen and market research that occurs at the monthly Chamber of Commerce meetings.

Which of the following, if true, best supports the President of the Smalltown Chamber of Commerce's attribution of the increased profits to her organization's meetings?


A Crime has decreased throughout the state, and the businesses in other towns with similar populations have seen similar profits in the past ten years.

B The growth of Smalltown's population has primarily been due to a higher birth rate, which has traditionally been associated with a drop in crime.

C Members of Smalltown's Chamber of Commerce cite the friendliness and helpfulness of the group as one of their main reasons for attending meetings.

D The effects of taxes on local businesses may not be immediately apparent in all cases, particularly when populations are fluctuating.

E Businesses in Smalltown whose members did not attend these monthly meetings regularly saw their profits increase only 2% above inflation.

OA E

Source: Magoosh
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Source: — Critical Reasoning |

by deloitte247 » Fri Aug 02, 2019 7:15 am
So here, we are going to find what coheres with the President's attribution.
Premise: the business in small-town have reported an average of 15 percent (%) above inflation.

Option A - Incorrect
Thus is restating the President's attribution. It gives no reason to why it is true.

Option B - Incorrect
This option explains the reason for the growing population and the drop in crime.
However, it doesn't account for the average profits of 15% above inflation in the past decade.

Option C - Incorrect
If true, then, the main reason for attending the meeting is not the main concern of this argument.

Option D - Incorrect
This is outside the scope of the argument because the argument is concerned about how taxes affect local businesses.

Option E - Correct
This shows that those who attended the meeting and shared business acumen experienced the average profits of 15% above inflation, while those who did not attend saw their profit increase only 2% above inflation.
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