Simulado_2021_RV

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RED VENTURES
SIMULADO
Instructions:
● Please fill in your full name, e-mail, cellphone and test date below. Wait for the start of the
test to open the exam.
● This test contains 28 questions and you will have 62 minutes to complete it.
● Electronic devices are not allowed
● Clearly mark the selected answer directly on the exam. There’s no separate answer sheet
and no additional time to fill answers.
1 - In order to complete a reading assignment on time, Terry planned to read 90 pages per day. However,
she read only 75 pages per day at first, leaving 690 pages to be read during the last 6 days before the
assignment was to be completed. How many days in all did Terry have to complete the assignment on
time?
a) 15
b) 16
c) 25
d) 40
e) 46
2 - K Plus is a very popular milk brand in Europe. K Plus milk is distributed through various channels such
as supermarkets, hypermarkets, or traditional markets. The team tries to find out whether the RV
signature distribution optimization program will be beneficial to K Plus. Data on K Plus milk distribution in
three countries Italy, Sweden, and Spain has been gathered in Exhibit 1.
Suppose K Plus’ revenue from Supermarkets in Italy equals to revenue from Traditional markets in Spain
and total revenue in Italy is €1.8 billion.
Which of the following figures is the best estimation of K Plus’ revenue from Supermarkets in Spain?
a) €0.88 billion
b) €0.92 billion
c) €0.96 billion
d) €1.00 billion
e) €1.06 billion
3 - Agribank is one of the largest banks in Africa with a strong network of branches and ATMs. The team
studies the feasibility of initiatives to cut transaction costs.
Which of the following statements is valid based on Table 1?
a) Agribank’s total cost of Tellers transactions is less than that of ATM transactions.
b) Agribank’s total cost of Tellers transactions is more than double that of Telephone transactions.
c) Agribank’ total cost for all transactions was less than $400 million in 2012.
d) The more popular channels have a lower cost per transaction.
e) The number of ATM transactions is less than 50% of the total of transactions.
4 - A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is
$20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice
as many units of Q as P. What was the manufacturer's average revenue per unit sold of these 2 products
combined last year?
a) $28.50
b) $27.00
c) $19.00
d) $18.50
e) $18.00
5 - Lithuania Aviation Group (LAG) is a government department that directly develops, operates, and
manages the aviation sector in Lithuania. LAG has collected and analyzed the return on investments of
various start-ups in the sector over the last ten years. Exhibit 3 shows the net profit before tax of four
groups: Aviation Training Center, Ground Handler, Airline, and Airport, cumulated over all the previous
years in operation.
Which of the following is the closest value to the net profit before tax of the Airport group in year 3 only?
a) €2 million
b) €3 million
c) €4 million
d) €5 million
e) €6 million
6 - 100 people are attending a newspaper conference. 45 of them are writers and more than 38 are
editors. Of the people at the conference, x are both writers and editors and 2x are neither. What is the
largest possible number of people who are both writers and editors?
a) 6
b) 16
c) 17
d) 33
e) 84
7 - Elvin’s monthly telephone bill is the sum of the charge for the calls he made during the month and a
fixed monthly charge for Internet service. Elvin’s total telephone bill for January was $48 and Elvin’s total
telephone bill for February was $76. If Elvin’s charge for the calls he made in February was twice the
charge for the calls he made in January, what is Elvin’s fixed monthly charge for Internet service?
a) $5
b) $10
c) $14
d) $20
e) $28
8 - The cost C, in dollars, to remove p percent of a certain pollutant from a pond is estimated by using the
formula C=100,000 * P ÷ (100−P). According to this estimate, how much more would it cost to remove 90
percent of the pollutant from the pond than it would cost to remove 80 percent of the pollutant?
a) $500,000
b) $100,000
c) $50,000
d) $10,000
e) $5,000
9 - To mail a package, the rate is x cents for the first pound and y cents for each additional pound, where
x>y. Two packages weighing 3 pounds and 5 pounds, respectively, can be mailed separately or combined
as one package. Which method is cheaper, and how much money is saved?
a) Combined, with a savings of x−y cents.
b) Combined, with a savings of y−x cents.
c) Combined, with a savings of x cents.
d) Separately, with a savings of x−y cents.
e) Separately, with a savings of y cents.
10 - Mark has, in his kitchen, the ingredients needed to prepare 78 different recipes with two ingredients
each. Of those 78 different recipes, there are no two recipes that share the exact same two ingredients.
How many ingredients does he have?
a) 6
b) 7
c) 12
d) 13
e) 14
11 - Anna, Brad, Clara and Donald are playing a game. In this game at every turn the child with the ball
must pass to another. This goes on for 5 turns. In how many different ways can this game be played, if
Anna starts with the ball and ends with it? For instance, one way is: Anna – Brad – Clara – Donald –
Clara – Anna.
a) 54
b) 81
c) 27
d) 60
e) 52
12 - An executive found that, in a 180-day period, he spent time at his company’s branch locations in New
York, Boston and Los Angeles in the ratio 2: 5: 8, respectively. How many days did he spend in Boston
during this period
a) 12
b) 24
c) 60
d) 90
e) 96
13 - Surveys in Domorica indicate that only 10 percent of Domoricans in their twenties read a newspaper
regularly, while more than half of all Domoricans over thirty read a newspaper regularly. Although
Domoricans in their twenties constitute a large proportion of the population, newspaper publishers
nonetheless predict that ten years from now, the percentage of Domoricans who regularly read a
newspaper will probably be no lower than it is today
Which of the following, if true, provides the strongest grounds for the newspaper publishers` prediction?
a) The number of Domoricans in their twenties is less than the number of Domoricans over thirty.
b) The number of newspapers published in Domorica has been gradually increasing over the past
several decades.
c) The proportion of Domoricans in their twenties who regularly read a newspaper has always been
low.
d) The surveys define a regular reader of a newspaper as someone who reads a newspaper more
than twice a week.
e) The proportion of Domoricans who regularly read a newspaper was higher 20 years ago than it is
today.
14 - Correctly measuring the productivity of service workers is complex. Consider, for example, postal
workers: they are often said to be more productive if more letters are delivered per postal worker. But is
this really true? What if more letters are lost or delayed per worker at the same time that more are
delivered?
The objection implied above to the productivity measure described is based on doubts about the truth of
which of the following statements?
a) Postal workers are representative of service workers in general.
b) The delivery of letters is the primary activity of the postal service.
c) Productivity should be ascribed to categories of workers, not to individuals.
d) The quality of services rendered can appropriately be ignored in computing productivity.
e) Postal workers should receive a bonus for productivity.
15 - The percentage of households with an annual income of more than $40,000 is higher in Merton
County than in any other county. However, the percentage of households with an annual income of
$60,000 or more is higher in Sommer County.
If the statements above are true, which of the following must also be true?
a) The percentage of households with an annual income of $80,000 is higher in Sommer County
than in Merton County.
b) Merton County has the second-highest percentage of householdswith an annual income of
$60,000 or more.
c) The percentage of households with an annual income between $40,000 and $60,000 is higher in
Merton County than in Sommer County.
d) The total number of households with an annual income of more than $40,000 is greater in Merton
County than in Sommer County.
e) Average annual household income is higher in Sommer County than in Merton County.
16 - When there is less rainfall than normal, the water level of Australian rivers falls and the rivers flow
more slowly. Because algae whose habitat is river water grow best in slow-moving water, the amount of
algae per unit of water generally increases when there has been little rain. By contrast, however, following
a period of extreme drought, algae levels are low even in very slow-moving river water.
Which of the following, if true, does most to explain the contrast described above?
a) During periods of extreme drought, the populations of some of the species that feed on algae
tend to fall.
b) The more slowly water moves, the more conducive its temperature is to the growth of algae.
c) When algae populations reach very high levels, conditions within the river can become toxic for
some of the other species that normally live there.
d) Australian rivers dry up completely for short intervals in periods of extreme drought.
e) Except during periods of extreme drought, algae levels tend to be higher in rivers in which the
flow has been controlled by damming than in rivers that flow freely.
17 - Which of the following best completes the passage below?
The unemployment rate in the United States fell from 7.5 percent in 1981 to 6.9 percent in 1986. It
cannot, however, be properly concluded from these statistics that the number of unemployed in 1986 was
lower than it had been in 1981 because -----.
a) help-wanted advertisements increased between 1981 and 1986.
b) many of the high-paying industrial jobs available in 1981 were replaced by low-wage service jobs
in 1986, resulting in displacements of hundreds of thousands of workers.
c) in some midwestern industrial states, the unemployment rate was much higher in 1986 than it
had been in 1981.
d) the total available work force, including those with and without employment, increased between
1981 and 1986.
e) the average time that employees stay in any one job dropped during the period 1981 to 1986.
18 - The country of Maravia has severe air pollution, 80 percent of which is caused by the exhaust fumes
of cars. In order to reduce the number of cars on the road, the government is raising taxes on the cost of
buying and running a car by 20 percent. This tax increase, therefore, will significantly reduce air pollution
in Maravia.
Which of the following, if true, most seriously weakens the argument above?
a) The government of Maravia is in the process of building a significant number of roadways.
b) Maravia is an oil-producing country and is able to refine an amount of gasoline sufficient for the
needs of its population.
c) Maravia has had an excellent public transportation system for many years.
d) Ninety percent of the population of Maravia is very prosperous and has a substantial amount of
disposable income.
e) In Maravia, cars that emit relatively low levels of pollutants cost 10 percent less to operate, on
average, than do cars that emit high levels of pollutants.
19 - Cable-television spokesperson: Subscriptions to cable television are a bargain in comparison to
"free" television. Remember that "free" television is not really free. It is consumers, in the end, who pay for
the costly advertising that supports "free" television.
Which of the following, if true, is most damaging to the position of the cable-television spokesperson?
a) Consumers who do not own television sets are less likely to be influenced in their purchasing
 decisions by television advertising than are consumers who own television sets.
b) Subscriptions to cable television include access to some public-television channels, which do not
accept advertising.
c) For locations with poor television reception, cable television provides picture quality superior to
 that provided by free television.
d) There is as much advertising on many cable television channels as there is on "free" tele vision
channels.
e) Cable-television subscribers can choose which channels they wish to receive, and the fees vary
accordingly.
The following text will be used for questions 20 to 25
Ikea is a behemoth. The home furnishing company uses 1 percent of the planet’s
lumber, it says, and the 530 million cubic feet of wood used to make Ikea furniture in
2016 pulls with its own kind of twisted gravity. The furniture is sold according to some
unique economics. In many cases, Ikea’s famously affordable pieces get dramatically
cheaper year after year. In others, prices creep up. In some cases, products disappear
entirely.
As we tour Ikea’s unique economics, you may want to have a seat in the
company’s Poäng chair, 1.5 million of which were sold in 2015. Furniture has generally
gotten cheaper relative to other goods over the years — likely due to effects of
globalization — but this chair’s trend stands out. In the early 1990s, the chair couldn’t be
had for less than $300, adjusted for inflation. Today (2016), it’s$79. (The average piece
of $300 dollar furniture in 1990 would cost about $151 today, per the consumer price
index for furniture and bedding.) Other Ikea mainstays have followed Poäng’s path,
plummeting in price as the years pass. The warhorseLack table, for example, sold for
$25 in 1985 ($56 in current dollars) but goes for just $10 today.
Not all Ikea chairs have seen Poäng’s stark downward trend in price. The Antilop
highchair (Swedish for “antelope”), for example, saw price decreases in a few
international markets during the 1990s, but prices remained flat or increased, including
in the U.S., in many cases after that.
Marianne Baxter, an economist at Boston University, have studied swaths of data
culled from old Ikea catalogs. There is a common pattern in Ikea pricing. “If they’re
going to increase the price, they do it by little bits all the time,” Baxter told me. “But if
they’re going to decrease the price, those decreases tend to be big and noticeable, and
they get advertised.”
Some mysteries persist. One is the company’s international pricing
discrepancies. “They’ll sometimes reduce prices in the United States and make them go
up in Canada, which makes even Canadians mad,” Baxter said. (The horror.) Marston
said each country has “its own unique competition profile” that influences how the
company prices its goods.
Additional definitions for the following problems:
Operating margin = total sales ($) less production cost ($), as % of total sales.
Contribution margin = product price ($) – product production cost ($)
Poäng chair production = $20/chair
Price sensitivity = how many more/less product units would be sold if the price were to decrease/increase
in $
11 feet = 0,3 meters
20 - Which of the following statements could not be true, if in addition to the above it was known that
Ikea’s operating margin has increased 5 percentage points from 1985 to today?
a) Production has steadily increased from 1985 until today.
b) During the 2008 recession, Ikea experienced a sharp decrease in sales worldwide, especially in
higher price items, while production cost remained flat.
c) Operational improvements lowered production cost throughout the years, while shipping costs
remained flat.
d) Overall sales have decreased from 1985 to today, while production costs have remained flat in
the same period.
e) Ikea is the largest furniture company in the world.
21 - What of the following, if true, would best support Ikea’s pricing strategy for Poäng chair over the
years?
a) Since 1985, a great number of new chair models have been released by Ikea at more affordable
prices than Poäng.
b) In 2000, Ikea launched a new factory that reduced production costs up to 35% across all
products.
c)With decreasing prices, Poäng chair contribution margin has decreased over the years.
d) Not many additional chairs would be sold for prices below $80, while prices above $100
considerably reduce sales.
e) Poäng chairs are made of wood, while most chairs in the market are made of steel.
22 - Which of the following, if true, would best support Ikea’s strategy on the pricing discrepancy pointed
by Baxter in the last paragraph
a) The US average sales tax is higher than Canada’s average sales tax.
b) Transportation costs between US and Canada are very high, moreover there is a high import tax
when bringing products from one country to the other.
c) There is more competition on the furniture market in the US than in Canada, with very competitive
prices.
d) Canadians average expenditure on furniture is higher than US citizens.
e) Canadians never actually get mad.
23 - Which of the following statements can be inferred directly from the text and chart above?
a) When Ikea decreases a product price, total sales for that product are increased.
b) Most Ikea’s products have decreased more in price than other furniture company’s products.
c) Ikea uses different pricing strategies in different countries.
d) Products that are too expensive tend to be discontinued.
e) Ikea uses more lumber than any other company in the world.
24 - For 2017, Ikea projects they would sell 1 million Poäng chairs if they were to price it at $80. An
additional study tells them that price sensitivity is 10.000 chairs for each dollar difference in price. What
would be the price that would maximize contribution margin?
a) $40
b) $60
c) $80
d) $100
e) $120
25 - What was the total contribution margin of Poäng chairs in 2015?
a) $150 million
b) $90 million
c) $180 million
d) $120 million
e) $60 million
The following graph will be used for questions 26 to 28
26 - The bar graph given above shows the sales of books (in thousand numbers) from six branches of a
publishing company during two consecutive years 2000 and 2001.
Which of the following statements is true, based on the graph alone:
a) All branches experienced an increase in sales from 2000 to 2001
b) Branch B3 experienced the highest growth in sales from 2000 to 2001 among all branches
c) The company increased sales by 25% from 2000 to 2001
d) If each branch experience the same relative growth in the next year, B1 will become the top
selling branch
e) Despite different growths, the branches ranking in sales didn't change
27 - Which of the following strategies, if successful, would yield the best result in total sales for the
company in 2002.
Consider that branch sale would be the same as in 2001 if not stated otherwise
a) By closing the branch B2, all other branches would experience a 20% growth in sales
b) Focus on branch B1, achieving 30% growth in that branch
c) Distribute efforts across branches, achieving 5% growth in each branch
d) Focus on branch B3, achieving 30% growth in that branch
e) Focus on branch B6, achieving 50% growth in that branch
28 - What is the average total sales of the company for the period shown in the graph (closest integer
number)
a) 80
b) 86
c) 92
d) 98
e) 110
Gabarito
1 - B
2 - C
3 - B
4 - E
5 - B
6 - B
7 - D
8 - A
9 - A
10 - D
11 - D
12 - C
13 - C
14 - D
15 - C
16 - D
17 - D
18 - D
19 - D
20 - D
21 - D
22 - C
23 - C
24 - D
25 - D
26 - D
27 - E
28 - B