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GMAT Exam Dumps : Graduate Management Admission Test (2022)

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Graduate Management Admission Test (2022) Questions and Answers

Question 1

At 10-year intervals from 1950 through 2010, the graph shows the total number of passengers, in millions, on the railway system of Nation X. From each drop-down menu, select the option that creates the most accurate statement based on the information provided.

Options:

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Question 2

As much as. experience influences human preferences and values, the loss of firsthand experience with nature is likely to contribute to a reduced valuation of biodiversity by humans in the future—a dismal prospect for the diversity of life.

Options:

A.

As much as,

B.

As a whole.

C.

Inasmuch as

D.

As such.

E.

On the whole

Question 3

Sales promotions can involve selling a product at a relatively low price or selling the product with a free (or seemingly free) unit of the product, as in "buy one, get one free" campaigns. Research shows that immediately following month-long sales promotions, a postpromotion dip may occur, i.e., sales for the following calendar month may be less than sales for the calendar month preceding the sales promotion.

To increase sales, Storex, a department store, held month-long sales campaigns to promote four of its products. A sales promotion was considered successful if unit sales of the product were at least 10% higher in each of the 2 calendar months immediately following the promotion than In the month preceding it.

Experts have offered explanations for postpromotion dip:

• Explanation I: Many consumers stockpile the product at relatively low cost during the sales promotion.

• Explanation II: "Buy one, get one free" promotions cause some consumers to undervalue the product, making them less likely to buy it following the sales promotion.

• Explanation HI: Many consumers who missed a "buy one, get one free" opportunity may, as a result, develop so-called inaction inertia, i.e., become less likely to buy the product at either the regular or even at a discount price than if the sales promotion had not occurred.

Which one of the following is most strongly supported by the sales data, given the other Information provided?

Options:

A.

The April sales promotion for Product B was ineffective, unnecessary, or both.

B.

Consumers sought to stockpile Product B immediately following the April sales promotion.

C.

No postpromotion dip in Product B sales resulted from a sales promotion held in the six-month period.

D.

Sales of Product B would have increased in May and June even if there had been no sales promotion.

E.

There had been a largely ineffective sales promotion of Product B in the preceding December.