Reading Comprehension (RC) | Re: In 1860 in the United States, of all employees, only state judges in s

Question1

 

Here are a couple of highlights from thepassage:

• Paragraph 2: "... the few dozen employees in a sawmill or shoe factory were not enough to share the financial burdens of a pensionprogram..."
  
• Paragraph 3: "... had smaller firms (ironworks, for example) wanted to retire their older workers, insurance companies would surely have moved in to combine the smaller firms' labor forces into a pool large enough to support a pensionprogram."

So we know that a business can't have a pension program if it has a small labor force, but we're also told that smaller firms' labor forces could be combined into a pool large enough to support a pension program. All of this supports choice (D) -- you NEED a large number of employees participate to have a pension program.

And the passage does indeed tell us that this necessarily pooling COULD have been accomplished by insurance companies. But what if there were other options?
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Statistics : Posted by GMATNinja • on Feb 05, 2024 5:06 am • Replies 6 • Views 1227

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