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

It is currently 23 Oct 2014, 09:55

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

On account of a Securities and Exchange Commission (SEC) doc

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
1 KUDOS received
Manager
Manager
avatar
Joined: 14 Mar 2013
Posts: 51
Location: United States
Concentration: General Management, Leadership
GMAT Date: 12-03-2013
WE: General Management (Retail)
Followers: 0

Kudos [?]: 20 [1] , given: 119

On account of a Securities and Exchange Commission (SEC) doc [#permalink] New post 21 Sep 2013, 06:56
1
This post received
KUDOS
00:00
A
B
C
D
E

Difficulty:

  45% (medium)

Question Stats:

57% (02:13) correct 43% (01:13) wrong based on 111 sessions
On account of a Securities and Exchange Commission (SEC) document filed yesterday, making it a permissible act that any member of the board of directors sell shares of stock to the public, shareholders found that upon the stock market opening the next day share prices plummeted 5%.


A) On account of a Securities and Exchange Commission (SEC) document filed yesterday, making it a permissible act that any member of the board of directors sell

B) With a Securities and Exchange Commission (SEC) document filed yesterday that makes it a permissible act that any member of the board of directors sell

C) A Securities and Exchange Commission (SEC) document filed yesterday that made it a permissible act for a member of the board of directors selling

D) Because of a Securities and Exchange Commission (SEC) document filed yesterday making it a permissible act for a member of the board of directors to sell

E) Due to a Securities and Exchange Commission (SEC) document being filed yesterday that makes it a permissible act for a member of the board of directors to sell



---------------
Did you try this? How about +KUDOS for me? :-D
[Reveal] Spoiler: OA
Verbal Forum Moderator
Verbal Forum Moderator
User avatar
Joined: 15 Jun 2012
Posts: 1120
Location: United States
Followers: 136

Kudos [?]: 1378 [0], given: 122

Re: On account of a Securities and Exchange Commission (SEC) doc [#permalink] New post 21 Sep 2013, 10:26
We need to read the whole question to get the idea first.
The idea of the sentence is: because a SEC document file yesterday making it a permissible act for a member of the board of directors to sell shares of stock to the public, shareholders found that upon the stock market opening the next day share prices plummeted 5%.

The blue part is the modifier.

On account of a Securities and Exchange Commission (SEC) document filed yesterday, making it a permissible act that any member of the board of directors sell shares of stock to the public, shareholders found that upon the stock market opening the next day share prices plummeted 5%.


A) On account of a Securities and Exchange Commission (SEC) document filed yesterday, making it a permissible act that any member of the board of directors sell
Wrong. "make X permissible act that Y do......" is not grammatical. The correct idiom is: "make X permissible act for Y to do Z ....".

B) With a Securities and Exchange Commission (SEC) document filed yesterday that makes it a permissible act that any member of the board of directors sell
Wrong.
Because of the first "that" --> "it" is redundant.
In addition, B has same error as in A. "make X permissible act that Y do......" is not grammatical.

C) A Securities and Exchange Commission (SEC) document filed yesterday that made it a permissible act for a member of the board of directors selling
Wrong.
Because of the first "that" --> "it" is redundant.
Idiom problem: "make X permissible act for Y doing......" is not grammatical.

D) Because of a Securities and Exchange Commission (SEC) document filed yesterday making it a permissible act for a member of the board of directors to sell
Correct.
We have a very long modifier. The correct sentence is: because of a SEC document file yesterday making it a permissible act for a member of the board of directors to sell shares of stock to the public, shareholders found that.........................."
The blue part is a long modifier.

E) Due to a Securities and Exchange Commission (SEC) document being filed yesterday that makes it a permissible act for a member of the board of directors to sell
Wrong.
Because of the first "that" --> "it" is redundant.
"being filed yesterday" is wrong grammar.

Hope it helps.


---------------
Did you try this? How about +KUDOS for me? :-D[/quote]
_________________

Please +1 KUDO if my post helps. Thank you.

"Designing cars consumes you; it has a hold on your spirit which is incredibly powerful. It's not something you can do part time, you have do it with all your heart and soul or you're going to get it wrong."

Chris Bangle - Former BMV Chief of Design.

Intern
Intern
avatar
Joined: 15 Jul 2012
Posts: 38
Followers: 0

Kudos [?]: 2 [0], given: 225

GMAT ToolKit User
Re: On account of a Securities and Exchange Commission (SEC) doc [#permalink] New post 21 Sep 2013, 21:02
shouldn't there be comma after the word yesterday in option D for it to be correct?

Image Posted from GMAT ToolKit
Intern
Intern
avatar
Joined: 09 Jul 2012
Posts: 11
Followers: 0

Kudos [?]: 31 [0], given: 9

GMAT ToolKit User Reviews Badge
Re: On account of a Securities and Exchange Commission (SEC) doc [#permalink] New post 22 Sep 2013, 01:01
saggii27 wrote:
shouldn't there be comma after the word yesterday in option D for it to be correct?

Image Posted from GMAT ToolKit

amgelcer wrote:
(D) Because of a Securities and Exchange Commission (SEC) document filed yesterday making it a permissible act for a member of the board of directors to sell shares of stock to the public, shareholders found that upon the stock market opening the next day share prices plummeted 5%.
No, you don't need a comma after yesterday because making it permissible… is giving information about the document filed.

The organization of this sentence is: Because of <X>, Y.

(1) Because of his horrible fear of rattlesnakes, Jake never visited the Grand Canyon.

In (D), filed yesterday is giving more temporal information about the document, making it a… is talking about the effect of the document.

(2) Because of a show performed last night depicting vengeful serpents, Jake skipped our trip to the Grand Canyon.

Grammatically speaking, we don't need commas because the two verb phrases (performed, depicting) are both giving information about the noun phrase. We couldn't add a third one and keep the Because clause grammatical.

Hope that makes sense!
_________________

Please +1 KUDOS this post if you found it helpful! Thanks!

Re: On account of a Securities and Exchange Commission (SEC) doc   [#permalink] 22 Sep 2013, 01:01
    Similar topics Author Replies Last post
Similar
Topics:
2 Experts publish their posts in the topic Section 13(d) of the Securities Exchange Act of 1934 malkov 4 09 May 2012, 03:17
1 Section 13(d) of the Securities Exchange Act of 1934 ykaiim 9 05 May 2010, 03:27
Exchange reply2spg 7 14 Oct 2008, 06:35
Job Security in Accounting Hampster 9 08 Aug 2007, 20:10
Section 13(d) of the Securities Exchange Act of 1934 saurya_s 11 16 Feb 2005, 14:13
Display posts from previous: Sort by

On account of a Securities and Exchange Commission (SEC) doc

  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®.