Logical Reasoning - Statement and Assumption - Discussion

In each question below is given a statement followed by two assumptions numbered I and II. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.

Give answer

  • (A) If only assumption I is implicit
  • (B) If only assumption II is implicit
  • (C) If either I or II is implicit
  • (D) If neither I nor II is implicit
  • (E) If both I and II are implicit.

49. 

Statement: The end of a financial year is the ideal time to take a look at the performance of various companies.

Assumptions:

  1. All the companies take such a review at the end of a financial year.
  2. The performance data of various companies is available.

[A]. Only assumption I is implicit
[B]. Only assumption II is implicit
[C]. Either I or II is implicit
[D]. Neither I nor II is implicit
[E]. Both I and II are implicit

Answer: Option E

Explanation:

Since both I and II follow from the given statement, so both are implicit.

The Scientist said: (Jan 14, 2011)  
it is cystal clear from the above question that the 2nd assumption follows but how the 1 statement follows because it has been said that end of the financial year is the ideal time to take the analysis of "various comanies" not all

Scientist2 said: (Jun 12, 2011)  
I completely agree with the scientist it does not say all in the statement so Statement I doesnot follow.

Pankaj said: (Aug 20, 2011)  
My tutor told me where every word is used than that sentence has a negative meaning. So ths conclusion doesnt follow.

Aman said: (Sep 6, 2011)  
Both statements are false because it does not mean that company will reveal its performance to every body and I is already not assume because all has came instead of various.

Creative said: (Feb 8, 2013)  
The performance of data of various companies is available but they may or may not reveal to others.

Rekha said: (Jul 24, 2014)  
How can assumption II be implicit?

Shloka Sah said: (Apr 18, 2015)  
The second assumption is implicit because you can look at the performance of various companies only if the requisite data is available.

The first assumption even I don't get. I was under the impression that just because some companies do it, you can't generalize all companies doing the same.

Jorgeru said: (Jan 22, 2017)  
It's clear why 1st assumption is correct?

The statement give no specific at to which companies, but stated that the end of the financial year is the best moment to review various companies performance.

(So If Person A chose companies X, Y and Z. And at the same time Person B chose F, G and H. Then all companies must take such review at the end of the year).

Ria said: (Jul 25, 2017)  
How come 2?

Since the performance data of companies will be available at the end and not now.

Jmv said: (Feb 12, 2019)  
Only Assumption II is implicit. Assumption I is clearly explicit because of the word "All" which generalizes that all, not "various" companies will show their performance at the end of financial year.

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