Difficulty: Easy
Correct Answer: Only II is implicit
Explanation:
Introduction / Context:
Management extends a show based on recent demand data. We must extract the assumptions necessary to justify the decision.
Given Data / Assumptions:
Concept / Approach:
A continuation decision based on recent sales presumes demand stability across the next period. It does not require beliefs about weekday aversion or performance at other venues.
Step-by-Step Solution:
II is necessary. The decision leans on the past seven days as a predictor; if future demand were expected to collapse, extension would be irrational.I is not necessary. The plan includes weekends but does not assume poor weekday attendance; even healthy weekday demand supports the choice.III is not necessary. The decision is about continuing at the current place, not about touring elsewhere.
Verification / Alternative check:
Negating II undermines the forecast on which the extension rests. Negating I or III does not affect the rationale.
Why Other Options Are Wrong:
Common Pitfalls:
Beware of smuggling in extra market beliefs that the statement does not require.
Final Answer:
Only II is implicit
Discussion & Comments