Find all School-related info fast with the new School-Specific MBA Forum

It is currently 13 Jul 2014, 07:12

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Investments Officers' fees

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Manager
Manager
avatar
Joined: 09 Jun 2005
Posts: 100
Location: New York
Followers: 1

Kudos [?]: 3 [0], given: 0

Investments Officers' fees [#permalink] New post 29 Dec 2005, 11:22
Since 1986 when the Department of Labor began to allow investment officers’ fees to be based on how the funds they manage perform, several corporations began paying their investment advisers a small basic fee, with a contract promising higher fees if the managers perform well.

(A) investment officers’ fees to be based on how the funds they manage perform, several corporations began

(B) investment officers’ fees to be based on the performance of the funds they manage, several corporations began

(C) that fees of investment officers be based on how the funds they manage perform, several corporations have begun

(D) fees of investment officers to be based on the performance of the funds they manage, several corporations have begun

(E) that investment officers’ fees be based on the performance of the funds they manage, several corporations began

Pls explain your answers.

Thanks!
Arash
Senior Manager
Senior Manager
User avatar
Joined: 05 Jan 2005
Posts: 254
Followers: 1

Kudos [?]: 4 [0], given: 0

GMAT Tests User
 [#permalink] New post 29 Dec 2005, 13:44
should be D !

According to Elements of Style book - When Forming a possessive of nouns ending with s, it better to use "the fees of X " rather than X's fees.
Manager
Manager
User avatar
Joined: 22 Nov 2005
Posts: 138
Followers: 1

Kudos [?]: 1 [0], given: 0

 [#permalink] New post 29 Dec 2005, 15:27
Should be D.

Since you have since, you need a present perfect tense like have begun. Hence A,B and E are gone. In C, the that does not sound right.
SVP
SVP
avatar
Joined: 14 Dec 2004
Posts: 1711
Followers: 1

Kudos [?]: 29 [0], given: 0

GMAT Tests User
 [#permalink] New post 29 Dec 2005, 18:21
Agree with you both 'D'!
Director
Director
User avatar
Joined: 04 Oct 2005
Posts: 587
Location: Chicago
Followers: 1

Kudos [?]: 5 [0], given: 0

GMAT Tests User
 [#permalink] New post 01 Jan 2006, 15:39
Since...have begun is the catch here...Past perfect is to be used with Since..
D
Senior Manager
Senior Manager
avatar
Joined: 03 Nov 2005
Posts: 399
Location: Chicago, IL
Followers: 3

Kudos [?]: 25 [0], given: 17

GMAT Tests User
 [#permalink] New post 03 Jan 2006, 22:40
Since 1986 when the Department of Labor began to allow investment officers’ fees to be based on how the funds they manage perform, several corporations began paying their investment advisers a small basic fee, with a contract promising higher fees if the managers perform well.

(A) investment officers’ fees to be based on how the funds they manage perform, several corporations began Incorrect. How can you allow fees to do smth.

(B) investment officers’ fees to be based on the performance of the funds they manage, several corporations began Same problem

(C) that fees of investment officers be based on how the funds they manage perform, several corporations have begun. C is definitely tempting, but there is no reason to use present perfect. Past perfect suffices.
(D) fees of investment officers to be based on the performance of the funds they manage, several corporations have begun. Contains both of the errors mentioned above.
(E) that investment officers’ fees be based on the performance of the funds they manage, several corporations began. Correct.
It uses
1)an appropriate subjunctive structure
2)an appropriate pronoun "they", since it's obvious that "they" in the subordinate clause refers to corporations.
3) an appropriate tense of the verb
In the situation when present perfect and present progressive tenses both can be used, choose the latter
.
_________________

Hard work is the main determinant of success

  [#permalink] 03 Jan 2006, 22:40
    Similar topics Author Replies Last post
Similar
Topics:
Investment Madelaine88 3 04 Mar 2011, 10:10
maintenance fees fachelle93 4 01 Aug 2009, 13:09
Investments Nihit 5 02 Sep 2008, 04:00
1 Application Fees? agold 3 21 May 2008, 08:12
Fee Waiver GMATcram 2 18 Nov 2006, 01:17
Display posts from previous: Sort by

Investments Officers' fees

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.