Investments Officers' fees : GMAT Verbal Section
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# Investments Officers' fees

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Manager
Joined: 09 Jun 2005
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29 Dec 2005, 11:22
Since 1986 when the Department of Labor began to allow investment officersâ€™ 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 officersâ€™ fees to be based on how the funds they manage perform, several corporations began

(B) investment officersâ€™ 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 officersâ€™ fees be based on the performance of the funds they manage, several corporations began

Thanks!
Arash
If you have any questions
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Senior Manager
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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
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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
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29 Dec 2005, 18:21
Agree with you both 'D'!
Director
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01 Jan 2006, 15:39
Since...have begun is the catch here...Past perfect is to be used with Since..
D
Senior Manager
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03 Jan 2006, 22:40
Since 1986 when the Department of Labor began to allow investment officersâ€™ 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 officersâ€™ 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 officersâ€™ 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 officersâ€™ 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
.
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