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Reasoning - Logical Reasoning:

Logical Reasoning

MCQ - 237-8189

Question:

Hotco oil burners, designed to be used in asphalt plants, are so efficient that Hotco will sell one to the Clifton Asphalt plant for no payment other than the cost savings between the total amount the asphalt plant actually paid for oil using its former burner during the last two years and the total amount it will payfor oil using the Hotco burner during the next two years. On installation, the plant will make an estimated payment, which will be adjusted after two years to equal the actual cost savings.

Which of the following, if it occurred, would constitute a disadvantage for Hotco of the plan described above?

  1. Another manufacturer's introduction to the market of a similarly efficient burner
  2. The Clifton Asphalt plant's need for more than one new burner
  3. Very poor efficiency in the Clifton Asphalt plant's old burner
  4. The Clifton Asphalt plant's need for more than one new burner
  5. A steady increase in the price of oil beginning soon after the new burner is installed

Correct Answer: E

Explanation:

Option A : The burner is already installed, so a competitor is not a problem.

Option B : The plant's need for multiple burners should bean opportunity for Hotco, nota disadvantage.

Option C : If the old burner was very inefficient, the new burner should save a great deal of money that would ultimately go to Hotco.

Option D : If demand decreases, less oilwould need to be purchased, and Hotco would get more money.

Option E : Correct. This statement properly identifies a factor that would constitute a disadvantage for the plan since the payment for the burner is based on savings in oil purchases, any increases in the price of oil will decrease savings and thus decrease payments to Hotco.

The correct answer is E.

Record Performance

243 MCQ for effective preparation of the test of Logical Reasoning of Logical Reasoning section.

Read the MCQ statement: Hotco oil burners, designed to be used in asphalt plants, are so efficient that Hotco will sell one to the Clifton Asphalt plant for no payment other .... described above? , keenly and apply the method you have learn through the video lessons for Logical Reasoning to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 237-8189.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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