Psychometric Test (Are You Smarter Than An Ivy League Student)

1. Companies wishing to increase their growing pace occasionally use the method of franchising which provides a new owner with the permit to use their business identity and in return to purchase products exclusively from the company. However most companies will aim to minimise the use of this method and often prefer the expansion of the companies' own branches. Companies who have previously used franchising learnt the essential need to monitor the business operation of the franchised branch. Difficulties arise from franchisees and companies disagreeing on business policies such as customer care, service delivery efficiency and quality of human interaction. Inadequate attention to the monitoring of franchisees on the part of the companies is typically the cause of subsequent problems. Franchisees may have different views than the 'mother' company on how to manage the franchised business.

True

False

Cannot Say

Franchisees may have different views on how to manage the franchised business compared to the "mother" company. This can lead to disagreements on business policies such as customer care, service delivery efficiency, and quality of human interaction. Inadequate monitoring of franchisees by the companies is often the cause of subsequent problems. Therefore, it is true that franchisees may have different views than the "mother" company on how to manage the franchised business.

Explanation

Franchisees may have different views on how to manage the franchised business compared to the "mother" company. This can lead to disagreements on business policies such as customer care, service delivery efficiency, and quality of human interaction. Inadequate monitoring of franchisees by the companies is often the cause of subsequent problems. Therefore, it is true that franchisees may have different views than the "mother" company on how to manage the franchised business.

2.

Approximately what proportion of overall ticket sales did Royal Baby Airlines account for in 2003?

39%

41%

43%

45%

47%

In 2003, Royal Baby Airlines accounted for approximately 47% of overall ticket sales.

Explanation

In 2003, Royal Baby Airlines accounted for approximately 47% of overall ticket sales.

3.

A rumour about an upcoming recession in Japan will reduce the value of the Yen by 7% compared with the Euro. After the reduction, How many Euros would you be able to buy for 500 Yen?

3.5

3.26

3.15

3.76

None of the above

When the value of the Yen decreases by 7% compared to the Euro, it means that 500 Yen will now be worth 7% less in Euros. To find out how many Euros you would be able to buy with 500 Yen after the reduction, you need to subtract 7% of 500 Yen from 500 Yen. 7% of 500 is 35, so subtracting 35 from 500 gives you 465 Yen. Therefore, you would be able to buy 465 Euros for 500 Yen. To find the value of 1 Euro in Yen, you need to divide 500 Yen by 465 Euros, which gives you approximately 1.075 Euros. Rounding it to two decimal places, you would be able to buy 3.26 Euros for 500 Yen.

Explanation

When the value of the Yen decreases by 7% compared to the Euro, it means that 500 Yen will now be worth 7% less in Euros. To find out how many Euros you would be able to buy with 500 Yen after the reduction, you need to subtract 7% of 500 Yen from 500 Yen. 7% of 500 is 35, so subtracting 35 from 500 gives you 465 Yen. Therefore, you would be able to buy 465 Euros for 500 Yen. To find the value of 1 Euro in Yen, you need to divide 500 Yen by 465 Euros, which gives you approximately 1.075 Euros. Rounding it to two decimal places, you would be able to buy 3.26 Euros for 500 Yen.

4.

In 2006, Royal Airlines and Royal Baby Airlines are each expected to sell 10% more than the number of tickets sold by Royal Airlines in 2000. The average Royal Baby Airlines ticket price is £75, and the average Royal Airlines ticket price is £232. What are the expected revenues from ticket sales in 2006 for Royal Air Services?

677 thousand

677 million

677 hundred

6.77 million

558 million

In order to calculate the expected revenues from ticket sales in 2006 for Royal Air Services, we need to find the total number of tickets sold by Royal Airlines in 2000. Since Royal Baby Airlines is expected to sell 10% more tickets than Royal Airlines in 2000, we can calculate the number of tickets sold by Royal Airlines in 2006 by adding 10% to the number of tickets sold in 2000. Then, we can multiply this number by the average ticket price of Royal Airlines to find the expected revenue from ticket sales in 2006. Therefore, the expected revenue is 677 million.

Explanation

In order to calculate the expected revenues from ticket sales in 2006 for Royal Air Services, we need to find the total number of tickets sold by Royal Airlines in 2000. Since Royal Baby Airlines is expected to sell 10% more tickets than Royal Airlines in 2000, we can calculate the number of tickets sold by Royal Airlines in 2006 by adding 10% to the number of tickets sold in 2000. Then, we can multiply this number by the average ticket price of Royal Airlines to find the expected revenue from ticket sales in 2006. Therefore, the expected revenue is 677 million.

5.

How many grams of dietary fibre should a person who follows a 2000 calorie-diet consume if he already ate an entire container of product x today?

22

13

19

8

Cannot Say

A person who follows a 2000 calorie-diet should consume 13 grams of dietary fiber if they have already eaten an entire container of product X today.

Explanation

A person who follows a 2000 calorie-diet should consume 13 grams of dietary fiber if they have already eaten an entire container of product X today.

6. There are 900 bottles to be filled. Jim and Molly working independently but at the same time take 30 minutes to fill the bottles. How long should it take Molly working by herself to fill the bottles? Statement 1 – Molly fills half as many bottles as Jim. Statement 2 – Jim would take 45 minutes by himself. Which of the statements above make it possible to answer the question.

Statement 1 alone is sufficient, but statement 2 alone is not sufficient.

Statement 2 alone is sufficient, but statement 1 alone is not sufficient.

Both statements together are sufficient but neither statement alone is sufficient.

Each statement alone is sufficient.

Statements 1 and 2 together are not sufficient

Statement 1 alone is sufficient because it tells us that Molly fills half as many bottles as Jim. Since we know that Jim takes 30 minutes to fill the bottles, Molly would take half the time, which is 15 minutes, to fill the bottles by herself.

Statement 2 alone is also sufficient because it tells us that Jim would take 45 minutes by himself. Since we know that Jim and Molly together take 30 minutes to fill the bottles, Molly's contribution must be 15 minutes. Therefore, Molly would take 15 minutes to fill the bottles by herself.

Each statement alone provides enough information to determine how long it would take Molly to fill the bottles by herself.

Explanation

Statement 1 alone is sufficient because it tells us that Molly fills half as many bottles as Jim. Since we know that Jim takes 30 minutes to fill the bottles, Molly would take half the time, which is 15 minutes, to fill the bottles by herself.

Statement 2 alone is also sufficient because it tells us that Jim would take 45 minutes by himself. Since we know that Jim and Molly together take 30 minutes to fill the bottles, Molly's contribution must be 15 minutes. Therefore, Molly would take 15 minutes to fill the bottles by herself.

Each statement alone provides enough information to determine how long it would take Molly to fill the bottles by herself.

7. In the past, home heating systems have been operated using different sources of energy such as wood, electricity, and kerosene. But these are expensive when compared to a more recently developed source - solar energy. Solar energy is an alternative, but its application for heating is limited to a small numbers of appliances. There is also the difficulty of obtaining solar energy for heating purposes in the winter time when it is most needed and its major resource, the sun, is hardly effective. If electricity were a lot cheaper, we would have no need for solar energy.

True

False

Cannot Say

The explanation for the correct answer, which is True, is that if electricity were a lot cheaper, it would be more cost-effective to use electricity for home heating instead of solar energy. This would eliminate the need for solar energy as a heating source. The passage mentions that solar energy is expensive compared to other sources such as electricity, so if electricity were cheaper, it would be a more practical choice for heating. Therefore, if electricity were cheaper, there would be no need for solar energy.

Explanation

The explanation for the correct answer, which is True, is that if electricity were a lot cheaper, it would be more cost-effective to use electricity for home heating instead of solar energy. This would eliminate the need for solar energy as a heating source. The passage mentions that solar energy is expensive compared to other sources such as electricity, so if electricity were cheaper, it would be a more practical choice for heating. Therefore, if electricity were cheaper, there would be no need for solar energy.

8.

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Explanation

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9. Companies wishing to increase their growing pace occasionally use the method of franchising which provides a new owner with the permit to use their business identity and in return to purchase products exclusively from the company. However most companies will aim to minimise the use of this method and often prefer the expansion of the companies' own branches. Companies who have previously used franchising learnt the essential need to monitor the business operation of the franchised branch. Difficulties arise from franchisees and companies disagreeing on business policies such as customer care, service delivery efficiency and quality of human interaction. Inadequate attention to the monitoring of franchisees on the part of the companies is typically the cause of subsequent problems. Service delivery efficiency has reduced companies' will to franchise.

True

False

Cannot Say

The passage states that companies aim to minimize the use of franchising and prefer the expansion of their own branches. However, it does not explicitly state that service delivery efficiency has reduced companies' will to franchise. Therefore, it cannot be determined from the given information whether service delivery efficiency has had an impact on companies' willingness to franchise or not.

Explanation

The passage states that companies aim to minimize the use of franchising and prefer the expansion of their own branches. However, it does not explicitly state that service delivery efficiency has reduced companies' will to franchise. Therefore, it cannot be determined from the given information whether service delivery efficiency has had an impact on companies' willingness to franchise or not.

10.

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Explanation

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