Although business knowledge isn’t required for the GMAT, understanding the vocabulary will help you improve your score. This test includes regular GMAT questions with a ‘business-twist’. Good luck!
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A certain company manufactures 2 products- Product X and Product Y. On Monday, the ratio of products manufactured X:Y is 4:15. If the company manufactured 20 more of product X, the ratio would have been 2:5.
What’s the quantity of product Y produced on Monday?
40
60
20
120
150
There are 2 benefit-plans offered to employees of Company TSY. Health plan A costs $50 per employee a month, while Health plan B costs $45. The company has 100 employees, of which 60 work day shifts, 65 work night shifts, some work both day and night shifts, and everybody works either day or night shifts.
In the past, the workers who worked both day and night shifts received health benefits under plan B. However, the company now plans to transfer them to plan A. What will be the monthly increase in costs to the company?
0
100
125
130
240
Company X has marketing, production, and overhead expenses to account for every quarter. In this quarter, are the company’s total expenses more thn $50,000?
(1) Marketing expenses, $10,000 account for more than 25% of total expenses.
(2) Production expenses are 50% of the total expenses, and they’re over $20,000
A. Statement 1 alone is sufficient but statement 2 alone is not sufficient to answer the question asked.
B. Statement 2 alone is sufficient but statement 1 alone is not sufficient to answer the question asked.
C. Both statements 1 and 2 together are sufficient to answer the question but neither statement is sufficient alone.
D. Each statement alone is sufficient to answer the question.
E. Statements 1 and 2 are not sufficient to answer the question asked and additional data is needed to answer the statements.
A certain business projects sales of 2 million dollars for the next year. Will the sales quota be reached by the end of the year?
(1) It’s June now, and the sales have been $990,000.
(2) The company sells picnic blankets, so sales for the first half of the year will be higher than the second half.
In economics, an equilibrium is reached when the supply and the demand are both equal.
the supply and the demand are both
supply and demand are
supply and the demand are both
supply and demand are both to be
the supply and demand are
New businesses cannot be successful without a great strategy plan
Without a great strategy plan, new businesses, cannot be successful.
New businesses, without a great staregy plan, cannot be successful
New businesses can’t be successful without strategy
Strategy plan without which new business cannot be successful
Read this and answer the questions:
New start-up business are facing more difficulties than ever these days. If you’re looking to start your own business, watch out.Due to economical uncertainties, it’s harder to secure capital, which is necessary for starting almost any venture. No business loans mean no money for ambitious entrepreneurs. This reason is the most important problem you’ll face if you want to start a business.Other problems exist too- consumers are spending less money on most products, which means it costs more to generate revenue. As well, most markets are already full to capacity, and new companies will have to face harsh competition.You don’t want to start a company in these economic realities.
What is the purpose of this passage?
To support an idea using statistics
To give a warning
To prove a hypothesis using statistics
To disprove an argument
To present different opinions on a matter
Refer again to the passage in the previous question.
According to the passage, what’s the most important problem you’ll face if you start a new business?
No customers
Harsh competition
Economic uncertainties
Difficulties raising capital
Higher costs for generating revenue
Which of these can Manager A use to refutre Manager B?
Maybe we’re both right
We lowered our prices last year but nothing happened to sales back then
Customers are more likely to buy cheaper products
We spent $50,000 on that advertising campaign
Advertising campaigns are less effective in today’s global economy
Many graduates who receive a Bachelor of Business Administration (BBA) degrees don’t use them. For example, only 34% of those people with BBA degrees actually work as managers in business companies.
Which of the following casts the most doubt on the claim that most graduates don’t make the most of their BBA degrees?
BBA graduates are likely to change jobs often in their first 2 years after graduating
In surveys, graduates often exaggerate on their position and salary within their jobs
BBA grads also work as accountants, analysts, economists, bankers, and much more.
BBA graduates sometimes continute to get other Bachelors and Masters degrees
2 of the most successful businessmen in the world right now have BBA degrees
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