medium · GMAT Verbal
Argument: Analysts have noted that every company in the Alpha Index has reported positive quarterly earnings for the last four quarters. Furthermore, any company that reports positive quarterly earnings for four consecutive quarters is automatically eligible for a preferential corporate tax rate. TechCorp, a large software firm, has reported positive quarterly earnings for the last six quarters.
Which of the following must be true based on the statements above?
- TechCorp is currently a member of the Alpha Index.
- Eligibility for the preferential tax rate requires a company to be part of the Alpha Index.
- Because TechCorp has reported positive earnings for six quarters, it must already be a member of the Alpha Index.
- All companies eligible for the preferential tax rate have reported positive earnings for at least six quarters.
- TechCorp is eligible for a preferential corporate tax rate.
Sign up free to see the explanation and track your rank →
More GMAT Verbal practice
- What logical role do the first two statements play?
- Which of the following is the conclusion?
- A gardener says: 'All roses in this garden require daily wat… — What is the role of the st
- What is the conclusion?
- What is the conclusion?
- Which statement is the conclusion?
- What is the conclusion?
- What logical role does the first sentence play in the researcher's argument?