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At a certain investment bank that specializes in mergers and acquisiti

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At a certain investment bank that specializes in mergers and acquisiti  [#permalink]

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New post Updated on: 02 Dec 2018, 12:16
2
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A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

86% (01:10) correct 14% (01:03) wrong based on 76 sessions

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At a certain investment bank that specializes in mergers and acquisitions, the highest percentage of potential deals that are never completed are those in which the bank's senior partner was the lead negotiator. Each of the senior partner's colleagues, however, states unequivocally that she is the most adept negotiator at the bank.

Which one of the following, if true, goes furthest toward showing that these two statements could both be correct?

A. The current senior partner has a better record of success than her immediate predecessor did.

B. Many of the junior partners were trained by the senior partner when they first joined the firm.

C. The senior partner works only on potential deals that have the least chance of coming to fruition.

D. The number of mergers in which the investment bank has been involved has declined slightly in each of the past three years.

E. The senior partner was chosen by the board of directors of the bank's parent company, a large publishing conglomerate.

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Originally posted by SajjadAhmad on 30 Nov 2018, 10:12.
Last edited by SajjadAhmad on 02 Dec 2018, 12:16, edited 11 times in total.
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Re: At a certain investment bank that specializes in mergers and acquisiti  [#permalink]

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New post 30 Nov 2018, 23:00
A. The current senior partner has a better record of success than her immediate predecessor did.- Really doesn't make sense. Not in line.

B. Many of the junior partners were trained by the senior partner when they first joined the firm. - how does it matter ?

C. The senior partner works only on potential deals that have the least chance of coming to fruition.- this is exactly the kind of thing we are looking for. The senior leadership works on tough projects. Looks good. Hold.

D. The number of mergers in which the investment bank has been involved has declined slightly in each of the past three years.- this is so discouraging. Doesn't really talk about the senior.

E. The senior partner was chosen by the board of directors of the bank's parent company, a large publishing conglomerate. - still that doesn't mean she is adept or people say she is. It doesn't show her ability as an adept professional.

I believe C is the only option which holds the truth of both parts of the argument.

Please correct me if I am wrong.

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Re: At a certain investment bank that specializes in mergers and acquisiti  [#permalink]

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New post 30 Nov 2018, 23:15
A. The current senior partner has a better record of success than her immediate predecessor did. IRRELEVANT

B. Many of the junior partners were trained by the senior partner when they first joined the firm. IRRELEVANT

C. The senior partner works only on potential deals that have the least chance of coming to fruition. IMO CORRECT as it shows reason why most of the deals cannot be close because they are tough

D. The number of mergers in which the investment bank has been involved has declined slightly in each of the past three years. Out of Scope

E. The senior partner was chosen by the board of directors of the bank's parent company, a large publishing conglomerate.
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Re: At a certain investment bank that specializes in mergers and acquisiti  [#permalink]

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New post 01 Dec 2018, 10:15
We need an answer which can satisfy the two seemingly opposite claims.

Eliminated B, D, E as Out of Scope.

Between A and C.
C looks promising but address only one half of the claims ( i.e. Senior partners have lower success rates)
A has a flaw that it talks about only one senior partner.
So best option is C
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Re: At a certain investment bank that specializes in mergers and acquisiti  [#permalink]

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New post 02 Dec 2018, 00:20
Was getting confused bett A and C, Question states about multiple Senior Partner where as A states about only 1 SP hence think C is the most suitable answer here.
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Re: At a certain investment bank that specializes in mergers and acquisiti &nbs [#permalink] 02 Dec 2018, 00:20
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