Executive Assessment Mock Test - 8 - GMAT MCQ
30 Questions MCQ Test - Executive Assessment Mock Test - 8
MEMORANDUM
To: Regional Office Managers
From: Chief Operations Officer
RE: Travel planning
Once again, our annual management retreat will be held in Bloomsbury. In preparation for this year’s retreat, all Regional Office Managers (ROMs) will be responsible for arranging the travel reservations for all Level 2 managers within his or her Region. You may delegate that task should you wish.
ROMs will receive a research memorandum from the Logistics Division providing the average airfare from the 6 Regions to Bloomsbury. While ROMs should use that average airfare as a guide, we anticipate that there may be some variation in ticket prices based upon the specifics of travel arrangements. As such, Regional offices will be reimbursed for the full cost of any plane ticket priced within 1 (one) standard deviation of the average airfare from its region to Bloomsbury, inclusive. For any ticket priced more than 1 (one) standard deviation above the mean, regional offices will be reimbursed up to the average airfare from your region to Bloomsbury. For any ticket priced more than 1 (one) standard deviation below the average, in addition to full reimbursement of the ticket cost, regional offices will receive a “Budget Bonus” of 50% of the difference between the ticket price and the average airfare from your region to Bloomsbury.
MEMORANDUM
To: Regional Office Managers
From: Logistics Division
RE: Airfare Research
The attached chart lists the average (arithmetic mean) airfare from the listed Regions to Bloomsbury. The mean airfare was calculated based upon taking a normally distributed sample of airfares. The standard deviation and size of each sample is also listed in the chart.
Email from Marco Roland, Human Resources Manager, West Region to Marisa Cortland, Regional Office Manager, West Region
Dear Marisa,
Tickets have been purchased for all of the Level 2 Managers in the West Region. Below is a summary
Best,
Marco
Q. Consider each of the following statements. Based upon the information contained in the two memoranda and the email, determine whether each statement is true or false as stated.
In the Northeast sample, more than 50 tickets were priced under $250.
To: Regional Office Managers
From: Chief Operations Officer
RE: Travel planning
To: Regional Office Managers
From: Logistics Division
RE: Airfare Research
Dear Marisa,
Tickets have been purchased for all of the Level 2 Managers in the West Region. Below is a summary
Marco
MEMORANDUM
To: Regional Office Managers
From: Chief Operations Officer
RE: Travel planning
Once again, our annual management retreat will be held in Bloomsbury. In preparation for this year’s retreat, all Regional Office Managers (ROMs) will be responsible for arranging the travel reservations for all Level 2 managers within his or her Region. You may delegate that task should you wish.
ROMs will receive a research memorandum from the Logistics Division providing the average airfare from the 6 Regions to Bloomsbury. While ROMs should use that average airfare as a guide, we anticipate that there may be some variation in ticket prices based upon the specifics of travel arrangements. As such, Regional offices will be reimbursed for the full cost of any plane ticket priced within 1 (one) standard deviation of the average airfare from its region to Bloomsbury, inclusive. For any ticket priced more than 1 (one) standard deviation above the mean, regional offices will be reimbursed up to the average airfare from your region to Bloomsbury. For any ticket priced more than 1 (one) standard deviation below the average, in addition to full reimbursement of the ticket cost, regional offices will receive a “Budget Bonus” of 50% of the difference between the ticket price and the average airfare from your region to Bloomsbury.
MEMORANDUM
To: Regional Office Managers
From: Logistics Division
RE: Airfare Research
The attached chart lists the average (arithmetic mean) airfare from the listed Regions to Bloomsbury. The mean airfare was calculated based upon taking a normally distributed sample of airfares. The standard deviation and size of each sample is also listed in the chart.
Email from Marco Roland, Human Resources Manager, West Region to Marisa Cortland, Regional Office Manager, West Region
Dear Marisa,
Tickets have been purchased for all of the Level 2 Managers in the West Region. Below is a summary
Best,
Marco
Q. Consider each of the following statements. Based upon the information contained in the two memoranda and the email, determine whether each statement is true or false as stated.
In the sample, the ticket price two standard deviations below the mean for the Midwest was less than that for Plains.
To: Regional Office Managers
From: Chief Operations Officer
RE: Travel planning
To: Regional Office Managers
From: Logistics Division
RE: Airfare Research
Dear Marisa,
Tickets have been purchased for all of the Level 2 Managers in the West Region. Below is a summary
Marco
If one of the tickets purchased by the West Region’s Level 2 managers were selected at random, what is the probability that it will be fully reimbursed?
The graph above gives the daily output in a particular five day work week at a certain clock factory. Use the dropdown menus to fill in the blanks in each of the following statements based on the information given by the graph.
Q. The ratio of the number of clocks produced on Tuesday to that on Wednesday is approximately.
The graph above gives the daily output in a particular five day work week at a certain clock factory. Use the dropdown menus to fill in the blanks in each of the following statements based on the information given by the graph.
Q. The number of clocks produced on Monday and Wednesday combined is approximately of the number of clocks produced over the entire week.
The graph above gives the daily output in a particular five day work week at a certain clock factory. Use the dropdown menus to fill in the blanks in each of the following statements based on the information given by the graph.
Q. The number of clocks produced on Monday is more than the number produced on Friday.
This table provides the standard interest rates offered by Central Bank for CDs, listed according to term offering and purchase amount. The interest rates listed are annual rates, compounded yearly, to be paid when the CD comes to term. No bonuses or other adjustments are included.
General memo to employees of Central Bank: January 15th In order to improve and stabilize our bank’s investment opportunities, we are seeking to shift the balance of our customers’ CD accounts towards those with longer maturity terms. We have begun testing two incentive programs. All CDs purchased with terms of at least 5 years now receive, as a bonus, an additional 0.1% interest during the first year to be added to the standard rate. Preferred customers (those who have previously bought CDs of any term length in amounts of $10,000 or more) will, when they purchase a 5-year or 10-year CD of $10,000 or more, instead receive a bonus of 0.2% during the first year. Other CDs continue at the standard rates.
We have also instituted a new system of early withdrawal penalties, applicable to all new CDs. The penalties are as follows: For any CD, early withdrawal less than a year after the CD is purchased results in a loss of all interest. For 2-year CDs, early withdrawal after the first year results in the loss of one year of interest. For 5-year and 10-year CDs, withdrawal after the first year results in the loss of two years of interest and of any accrued bonus interest.
Q. Determine whether each of these transactions will, according to the new rules and rates described, yield a total interest payment of between $500 and $600?
A new customer’s $4,000 5-year CD comes to term.
This table provides the standard interest rates offered by Central Bank for CDs, listed according to term offering and purchase amount. The interest rates listed are annual rates, compounded yearly, to be paid when the CD comes to term. No bonuses or other adjustments are included.
General memo to employees of Central Bank: January 15th In order to improve and stabilize our bank’s investment opportunities, we are seeking to shift the balance of our customers’ CD accounts towards those with longer maturity terms. We have begun testing two incentive programs. All CDs purchased with terms of at least 5 years now receive, as a bonus, an additional 0.1% interest during the first year to be added to the standard rate. Preferred customers (those who have previously bought CDs of any term length in amounts of $10,000 or more) will, when they purchase a 5-year or 10-year CD of $10,000 or more, instead receive a bonus of 0.2% during the first year. Other CDs continue at the standard rates.
We have also instituted a new system of early withdrawal penalties, applicable to all new CDs. The penalties are as follows: For any CD, early withdrawal less than a year after the CD is purchased results in a loss of all interest. For 2-year CDs, early withdrawal after the first year results in the loss of one year of interest. For 5-year and 10-year CDs, withdrawal after the first year results in the loss of two years of interest and of any accrued bonus interest.
Q. Determine whether each of these transactions will, according to the new rules and rates described, yield a total interest payment of between $500 and $600?
A preferred customer’s 5-year $20,000 CD is withdrawn at the end of the 3rd year.
Company Background:
Company X, a retailer of consumer electronics, is evaluating whether to expand its product line by introducing a new premium headphone model. The decision hinges on analyzing sales performance of existing products, customer satisfaction trends, and the potential profitability of the new product. The company aims to maintain its reputation for high-quality offerings while maximizing revenue.
Sales Data:
The table below shows sales figures for Company X’s current headphone models for the first half of 2024.
|
Model |
Units Sold |
Price per Unit ($) |
Manufacturing Cost per Unit ($) |
Marketing Cost ($K) |
|---|---|---|---|---|
|
Basic |
10,000 |
50 |
20 |
50 |
|
Mid-Tier |
6,000 |
100 |
50 |
75 |
|
High-End |
2,000 |
250 |
120 |
100 |
Customer Satisfaction Trends:
The line graph below represents average customer satisfaction scores (out of 100) for Company X’s headphone models over three quarters (Q4 2023, Q1 2024, Q2 2024).
New Product Proposal:
The proposed premium headphone model would sell for $400 per unit, with a manufacturing cost of $180 per unit and an estimated marketing cost of $150,000. Market research suggests that Company X could sell 1,500 units in the first half of 2025, assuming customer satisfaction aligns with the high-end model’s current trends.
Question:
Which of the following statements provides the most compelling reason for Company X to proceed with the premium headphone model expansion?
Directions: Read the Passage carefully and answer the question as follow.
Marketing executives in television work with a relatively stable advertising medium. In many ways, the television ads aired today are similar to those aired two decades ago. Most television ads still feature actors, still run 30 or 60 seconds, and still show a product. However, the differing dynamics of the Internet pose unique challenges to advertisers, forcing them to adapt their practices and techniques on a regular basis.
In the early days of Internet marketing, online advertisers employed banner and pop-up ads to attract customers. These techniques reached large audiences, generated many sales leads, and came at a low cost. However, a small number of Internet users began to consider these advertising techniques intrusive and annoying. Yet because marketing strategies relying heavily on banners and pop-ups produced results, companies invested growing amounts of money into purchasing these ad types in hopes of capturing market share in the burgeoning online economy. As consumers became more sophisticated, frustration with these online advertising techniques grew. Independent programmers began to develop tools that blocked banner and pop-up ads. The popularity of these tools exploded when the search engine Google, at the time an increasingly popular website fighting to solidify its place on the Internet with giants Microsoft and Yahoo, offered free software enabling users to block pop-up ads. The backlash against banner ads grew as new web browsers provided users the ability to block image-based ads such as banner ads. Although banner and pop-up ads still exist, they are far less prominent than during the early days of the Internet.
A major development in online marketing came with the introduction of pay-per-click ads. Unlike banner or pop-up ads, which originally required companies to pay every time a website visitor saw an ad, pay-per-click ads allowed companies to pay only when an interested potential customer clicked on an ad. More importantly, however, these ads circumvented the pop-up and banner blockers. As a result of these advantages and the incredible growth in the use of search engines, which provide excellent venues for pay-per-click advertising, companies began turning to pay-per-click marketing in droves. However, as with the banner and pop-up ads that preceded them, pay-per-click ads came with their drawbacks. When companies began pouring billions of dollars into this emerging medium, online advertising specialists started to notice the presence of what would later be called click fraud: representatives of a company with no interest in the product advertised by a competitor click on the competitor's ads simply to increase the marketing cost of the competitor. Click fraud grew so rapidly that marketers sought to diversify their online positions away from pay-per-click marketing through new mediums.
Although pay-per-click advertising remains a common and effective advertising tool, marketers adapted yet again to the changing dynamics of the Internet by adopting new techniques such as pay-per-performance advertising, search engine optimization, and affiliate marketing. As the pace of the Internet's evolution increases, it seems all the more likely that advertising successfully on the Internet will require a strategy that shuns constancy and embraces change.
Q. According to the passage, which of the following best describes the current status of pop-up ads?
Directions: Read the Passage carefully and answer the question as follow.
Marketing executives in television work with a relatively stable advertising medium. In many ways, the television ads aired today are similar to those aired two decades ago. Most television ads still feature actors, still run 30 or 60 seconds, and still show a product. However, the differing dynamics of the Internet pose unique challenges to advertisers, forcing them to adapt their practices and techniques on a regular basis.
In the early days of Internet marketing, online advertisers employed banner and pop-up ads to attract customers. These techniques reached large audiences, generated many sales leads, and came at a low cost. However, a small number of Internet users began to consider these advertising techniques intrusive and annoying. Yet because marketing strategies relying heavily on banners and pop-ups produced results, companies invested growing amounts of money into purchasing these ad types in hopes of capturing market share in the burgeoning online economy. As consumers became more sophisticated, frustration with these online advertising techniques grew. Independent programmers began to develop tools that blocked banner and pop-up ads. The popularity of these tools exploded when the search engine Google, at the time an increasingly popular website fighting to solidify its place on the Internet with giants Microsoft and Yahoo, offered free software enabling users to block pop-up ads. The backlash against banner ads grew as new web browsers provided users the ability to block image-based ads such as banner ads. Although banner and pop-up ads still exist, they are far less prominent than during the early days of the Internet.
A major development in online marketing came with the introduction of pay-per-click ads. Unlike banner or pop-up ads, which originally required companies to pay every time a website visitor saw an ad, pay-per-click ads allowed companies to pay only when an interested potential customer clicked on an ad. More importantly, however, these ads circumvented the pop-up and banner blockers. As a result of these advantages and the incredible growth in the use of search engines, which provide excellent venues for pay-per-click advertising, companies began turning to pay-per-click marketing in droves. However, as with the banner and pop-up ads that preceded them, pay-per-click ads came with their drawbacks. When companies began pouring billions of dollars into this emerging medium, online advertising specialists started to notice the presence of what would later be called click fraud: representatives of a company with no interest in the product advertised by a competitor click on the competitor's ads simply to increase the marketing cost of the competitor. Click fraud grew so rapidly that marketers sought to diversify their online positions away from pay-per-click marketing through new mediums.
Although pay-per-click advertising remains a common and effective advertising tool, marketers adapted yet again to the changing dynamics of the Internet by adopting new techniques such as pay-per-performance advertising, search engine optimization, and affiliate marketing. As the pace of the Internet's evolution increases, it seems all the more likely that advertising successfully on the Internet will require a strategy that shuns constancy and embraces change.
Q. According to the passage, the largest point at which the television and Internet differ as an advertising medium is:
Directions: Read the Passage carefully and answer the question as follow.
Marketing executives in television work with a relatively stable advertising medium. In many ways, the television ads aired today are similar to those aired two decades ago. Most television ads still feature actors, still run 30 or 60 seconds, and still show a product. However, the differing dynamics of the Internet pose unique challenges to advertisers, forcing them to adapt their practices and techniques on a regular basis.
In the early days of Internet marketing, online advertisers employed banner and pop-up ads to attract customers. These techniques reached large audiences, generated many sales leads, and came at a low cost. However, a small number of Internet users began to consider these advertising techniques intrusive and annoying. Yet because marketing strategies relying heavily on banners and pop-ups produced results, companies invested growing amounts of money into purchasing these ad types in hopes of capturing market share in the burgeoning online economy. As consumers became more sophisticated, frustration with these online advertising techniques grew. Independent programmers began to develop tools that blocked banner and pop-up ads. The popularity of these tools exploded when the search engine Google, at the time an increasingly popular website fighting to solidify its place on the Internet with giants Microsoft and Yahoo, offered free software enabling users to block pop-up ads. The backlash against banner ads grew as new web browsers provided users the ability to block image-based ads such as banner ads. Although banner and pop-up ads still exist, they are far less prominent than during the early days of the Internet.
A major development in online marketing came with the introduction of pay-per-click ads. Unlike banner or pop-up ads, which originally required companies to pay every time a website visitor saw an ad, pay-per-click ads allowed companies to pay only when an interested potential customer clicked on an ad. More importantly, however, these ads circumvented the pop-up and banner blockers. As a result of these advantages and the incredible growth in the use of search engines, which provide excellent venues for pay-per-click advertising, companies began turning to pay-per-click marketing in droves. However, as with the banner and pop-up ads that preceded them, pay-per-click ads came with their drawbacks. When companies began pouring billions of dollars into this emerging medium, online advertising specialists started to notice the presence of what would later be called click fraud: representatives of a company with no interest in the product advertised by a competitor click on the competitor's ads simply to increase the marketing cost of the competitor. Click fraud grew so rapidly that marketers sought to diversify their online positions away from pay-per-click marketing through new mediums.
Although pay-per-click advertising remains a common and effective advertising tool, marketers adapted yet again to the changing dynamics of the Internet by adopting new techniques such as pay-per-performance advertising, search engine optimization, and affiliate marketing. As the pace of the Internet's evolution increases, it seems all the more likely that advertising successfully on the Internet will require a strategy that shuns constancy and embraces change.
Q. Which of the following words best describes the author’s tone in the passage?
A prominent investor who holds a large stake in the Burton Tool Company has recently claimed that the company is mismanaged, citing as evidence the company's failure to slow down production in response to a recent rise in its inventory of finished products. It is doubtful whether an investor's sniping at management can ever be anything other than counterproductive, but in this case, it is clearly not justified. It is true that an increased inventory of finished products often indicates that production is outstripping demand, but in Burton's case it indicates no such thing. Rather, the increase in inventory is entirely attributable to products that have already been assigned to orders received from customers.
Q. In the argument given, the two boldfaced portions play which of the following roles? (underline)
A child learning to play the piano will not succeed unless the child has an instrument at home on which to practice. However, good-quality pianos, whether new or secondhand, are costly. Buying one is justified only if the child has the necessary talent and perseverance, which is precisely what one cannot know in advance. Consequently, parents should buy an inexpensive secondhand instrument at first and upgrade if and when the child's ability and inclination are proven.
Q. Which of the following, if true, casts the most serious doubt on the course of action recommended for parents?
Maggie will either move into her old bedroom at her parents' house to save money or else she will share an apartment with her college roommate. However, she would not do either one unless she had accumulated excessive credit card debt during college. Maggie's parents will allow her to move into her old bedroom at their house if and only if they do not know that she has accumulated excessive credit card debt during college.
Q. If all of the above statements are true, which of the following would allow the conclusion that Maggie will share an apartment with her college roommate only if her parents know that she has accumulated excessive credit card debt during college to be properly drawn?
Studies show that children who listen too much classic music are more likely than others to become silent adults. Shawn, who is a silent adult, must have listened more classic music as a child than I did, since I am not silent.
Q. Which of the following most closely parallels the logical structure above?
The Americans with disabilities act (ADA) was designed to ensure that there is no discrimination against and unfair termination of differently-abled workers in the workplace. However, after the act was introduced, there has been a marked increase in unemployment among the differently-abled.
Q. Which of the following best explains this seeming discrepancy?
During the last 50 years in England, the national football team has had at least 60℅ of its players born during the months January to March. Similarly, in Germany, at least 50℅ of the team has been born during the first three months of the year. In fact, this statistic holds true for most European countries. This shows that in most European countries, parents with kids born early in the year are more likely to encourage a football career.
Q. Which of the following best explains why the conclusion need not be the best explanation for the statistic?
Ann invested a certain sum of money in a bank that paid simple interest. The amount grew to $240 at the end of 2 years. She waited for another 3 years and got a final amount of $300. What was the principal amount that she invested at the beginning?
How many real solutions exist for the equation x2 – 11|x| - 60 = 0?
What range of values of 'x' will satisfy the inequality 
Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received $ 550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received $605 as interest. What was the value of his total savings before investing in these two bonds?
How many keystrokes are needed to type numbers from 1 to 1000?
If "x" is an integer, which of the following inequalities has (have) a finite range of values of "x" satisfying it (them)?
Braun invested a certain sum of money at 8% p.a. simple interest for 'n' years. At the end of 'n' years, Braun got back 4 times his original investment. What is the value of n?
If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?
Statement 1: The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000
Statement 2: The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000
Each of the question below consists of a question and two statements numbered I and II are given below it You have to decide whether the data provided in the statements are sufficient to answer the question Read both the statement and answer the following question.
What is the code for walks in the code language?
I. In the code language ‘she walks fast’ is written as ‘he ka to’
II. In the code language ‘she learns fast’ is written as ‘jo ka he’
Top Trucks has two major custom lines: mud-truck improvements and low-rider packages. Last spring, the company completed roughly 200 customizations. This fall, market analysts suspect that the number of customizations will rise significantly. Specifically, they expect customizations to increase by roughly 170 customizations.
For the first time, mud-truck improvement sales will exceed lowrider packages. In the table below, identify the minimum number of mud-truck improvements Top Truck’s employees should expect to complete during fall sales and the total number of customizations Top Trucks will complete next spring, if growth continues at its current pattern (an increase of 170). Make only two selections, one in each column.
Refer to the preceding Venn diagram of an inventory of book titles sold by Marshall Books. Each symbol represents 100 titles in a total inventory of 3,000 distinct book titles. Select the best answer to fill in the blanks for each of the statements below, based on the data shown.
Statement 1: If one title is selected at random out of the total inventory, the chance that the title is available in print as either a paperback or hardcover or both is ____
Statement 2: If one title is selected at random out of the total inventory, the chance that the title is available in print in both paperback and hardcover is ____
Each of the question below consists of a question and two statements numbered I and II are given below it You have to decide whether the data provided in the statements are sufficient to answer the question Read both the statement and answer the following question.
Who reached the station first among L, M, J, T and R if no two persons reached together?
I. M reached only after J and T
II. L reached before R
Important Questions for Executive Assessment Mock Test - 8
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