Dive into the world of business and economics with this collection of reading comprehension practice articles. Mastering reading comprehension passages on exams such as the GRE and GMAT requires a well-rounded reading skill with practice on a wide variety of topics.
RC Passages in the GMAT and GRE that are based on business and economics themes can choose to discuss labour practices, managerial skills, equity and diversity at the workplace, economic theories and principles, or can also deep dive into recessions or stock trading. This reading list offers engaging articles that mirror this diverse reading experience and the structure and themes of typical test passages, expanding your knowledge while sharpening your comprehension skills.
Each article includes a focused practice question, simulating the exam experience and allowing you to gauge your understanding. Additionally, a concise summary provided will help you hone your reading comprehension strategy by checking your grasp of the main ideas.
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AI and Intellectual Property | March 13, 2024
This interesting article explores how generative AI can be used to protect intellectual property. The article elucidates different strategies for firms of different sizes. Read the moderate difficulty article to know more.
Read the Business & Economics RC Passage
Answer this Medium Difficulty Extrapolation Question
Which of the following is another illustration of the concept of “cross-licensing”?
- When firm D infringes on a patent of firm E, then firm E should be allowed to use a patented product or process of firm D, license free.
- When firms D and E infringe on each other’s patents, neither should be allowed to use the patented product or process.
- When firm D infringes on firm E’s patents and firm E infringes on firm G’s patents, then firm G should be allowed to use firm D’s patented product or process.
- When firms D and E infringe on each other’s patents, they should both be allowed to use the identified patents for a limited time, on mutual agreement.
- When firms D and E infringe on each other’s patents, the best resolution can be achieved through legal counterattacks.
RC Question Answer & Explanation ▼
According to the passage, “cross-licensing” is a process by which two large firms that find that they are violating each other’s patents can choose to share the usage of all patents, for a duration of time, instead of going to court. This allows both firms to grow.
Correct Answer: Option (4) is the closest match and the correct answer.
Categories: March 2024 | Moderate
A high stake on stakeholders | Feb 21, 2024
A recent global study conducted by the Saïd Business School shows that companies that focus on all stakeholders are more likely to be successful than companies that focus only on shareholders. Read this easy-difficulty write-up to know more.
Read the Business & Economy article
Answer this Moderate to Hard CR question
Which of the following points out the flaw in the author’s reasoning regarding overperforming and underperforming businesses?
- More overperforming businesses responded to the survey, leading to a higher percentage of leaders reporting purpose-driven decision-making.
- Even though a low percentage of underperforming businesses represented stakeholders in their decision-making, their numbers are high.
- The study report fails to account for those businesses that are neither underperforming nor overperforming.
- It could be that leaders of overperforming businesses represent stakeholders in decision-making after the business reaches a certain threshold of performance.
- While the survey studied global leaders across 450 organizations, nearly 20% of these organizations were headquartered in the same continent.
CR Practice Question Answer & Explanation ▼
The passage indicates that a focus on stakeholders instead of a focus on shareholders is the reason that some organizations are able to overperform. In order to weaken this causal relationship, we need to point out that such a focus need not be the reason for success. Option (4) does that by pointing out that overperforming organizations likely began focusing on stakeholders only on success and that the focus was not necessarily a prerequisite to success.
Correct Answer: Option (4) thus weakens the reasoning and is the answer.