GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 16 Dec 2018, 11:54

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.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in December
PrevNext
SuMoTuWeThFrSa
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345
Open Detailed Calendar
  • Free GMAT Prep Hour

     December 16, 2018

     December 16, 2018

     03:00 PM EST

     04:00 PM EST

    Strategies and techniques for approaching featured GMAT topics
  • FREE Quant Workshop by e-GMAT!

     December 16, 2018

     December 16, 2018

     07:00 AM PST

     09:00 AM PST

    Get personalized insights on how to achieve your Target Quant Score.

Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Tec

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Senior Manager
Senior Manager
User avatar
Status: Making every effort to create original content for you!!
Joined: 23 Dec 2010
Posts: 472
Location: United States
Concentration: Healthcare, Social Entrepreneurship
GMAT 1: 660 Q48 V34
GMAT 2: 750 Q49 V42
GMAT ToolKit User Premium Member
Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Tec  [#permalink]

Show Tags

New post Updated on: 18 Oct 2018, 04:03
3
12
00:00
A
B
C
D
E

Difficulty:

  65% (hard)

Question Stats:

58% (01:04) correct 42% (01:15) wrong based on 823 sessions

HideShow timer Statistics

Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Technologies, a tech company, as a venture capital investment and they would withdrew all their funding only after a long and comprehensive analysis of the bankrupt tech company’s account books.


(A) Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Technologies, a tech company, as a venture capital investment and they would withdraw all its funding

(B) Before its bankruptcy in 2008, Goldman Sachs Inc. had financed Crystal Technologies, a tech company, as a venture capital investment and withdrew all its funding

(C) Before its bankruptcy in 2008, Crystal Technologies, a tech company, had been financed by Goldman Sachs Inc. as a venture capital investment and the investor withdrew all its funding

(D) Before its bankruptcy in 2008, Crystal Technologies, a tech company, was financed as a venture capital investment by Goldman Sachs Inc., which withdrew all its funding

(E) Before its bankruptcy in 2008, Crystal Technologies, a tech company, was a venture capital investment of Goldman Sachs Inc. , who withdrew all its funding


Verbal Question of The Day: Day 59: Sentence Correction


Subscribe to GMAT Question of the Day: E-mail | RSS
For All QOTD Questions Click Here

_________________

Press Kudos if you want to say thanks

Ultimate Reading Comprehension Encyclopedia | Ultimate Sentence Correction Encyclopedia | GMAT Prep Software Analysis and What If Scenarios -- VERBAL | GMAT Prep Software Analysis and What If Scenarios -- IR

Please Read and Follow the 9 Rules of Posting in Verbal Forum


Originally posted by Vercules on 14 Mar 2013, 20:28.
Last edited by Bunuel on 18 Oct 2018, 04:03, edited 2 times in total.
Renamed the topic and edited the question.
Most Helpful Expert Reply
Senior Manager
Senior Manager
User avatar
Status: Making every effort to create original content for you!!
Joined: 23 Dec 2010
Posts: 472
Location: United States
Concentration: Healthcare, Social Entrepreneurship
GMAT 1: 660 Q48 V34
GMAT 2: 750 Q49 V42
GMAT ToolKit User Premium Member
Re: Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Tec  [#permalink]

Show Tags

New post 15 Mar 2013, 22:16
5
2
Vercules wrote:
Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Technologies, a tech company, as a venture capital investment and they would withdrew all their funding only after a long and comprehensive analysis of the bankrupt tech company’s account books.

A) Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Technologies, a tech company, as a venture capital investment and they would withdraw all its funding
B) Before its bankruptcy in 2008, Goldman Sachs Inc. had financed Crystal Technologies, a tech company, as a venture capital investment and withdrew all its funding
C) Before its bankruptcy in 2008, Crystal Technologies, a tech company, had been financed by Goldman Sachs Inc. as a venture capital investment and the investor withdrew all its funding
D) Before its bankruptcy in 2008, Crystal Technologies, a tech company, was financed as a venture capital investment by Goldman Sachs Inc., which withdrew all its funding
E) Before its bankruptcy in 2008, Crystal Technologies, a tech company, was a venture capital investment of Goldman Sachs Inc. , who withdrew all its funding


Hey Fellas,

Updated the question with OA and here goes the OE :-). Have any questions, let me know!!!

Note that if you are reading only the underlined portion, it will be difficult to determine which company got bankrupt, Goldman Sachs Inc. or Crystal Technologies. The non underlined part of the sentence clearly states “bankrupt tech company’s account books”, which means that Crystal Technologies (a tech company) went bankrupt. Moreover, original sentence begins with a modifier ("Before its bankruptcy ") that clearly describes Crystal Technologies, though the subject of the main clause is Goldman Sachs. Finally, "they" has no grammatical antecedent and "would" is not a proper tense here (the simple past is required).

(A) Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Technologies, a tech company, as a venture capital investment and they would withdraw all its funding

Incorrect as explained above.

(B) Before its bankruptcy in 2008, Goldman Sachs Inc. had financed Crystal Technologies, a tech company, as a venture capital investment and withdrew all its funding

Goldman Sachs should not be the recipient of the modifier “Before its bankruptcy.”

(C) Before its bankruptcy in 2008, Crystal Technologies, a tech company, had been financed by Goldman Sachs Inc. as a venture capital investment and the investor withdrew all its funding

Even though the sentence is grammatically correct; the use of “before” and the past perfect together in a sentence is redundant. In the absence of answer choice D, (C) would have been the best choice.

(D) Before its bankruptcy in 2008, Crystal Technologies, a tech company, was financed as a venture capital investment by Goldman Sachs Inc., which withdrew all its funding

Correct. This correctly places Crystal Technologies as the recipient of the opening modifier. The simple past is correctly used as the sense of one action happening before another in the past can be sufficiently expressed by the use of the word “before”. The relative pronoun “which” correctly modifies Goldman Sachs Inc…

(E) Before its bankruptcy in 2008, Crystal Technologies, a tech company, was a venture capital investment of Goldman Sachs Inc. , who withdrew all its funding

The use of “who” for a company is inappropriate. This choice also slightly modifies the meaning of the sentence by changing “Crystal Technologies as a venture capital investment” to “Crystal Technologies was a venture capital investment”.

Hope this helps,

Vercules
_________________

Press Kudos if you want to say thanks

Ultimate Reading Comprehension Encyclopedia | Ultimate Sentence Correction Encyclopedia | GMAT Prep Software Analysis and What If Scenarios -- VERBAL | GMAT Prep Software Analysis and What If Scenarios -- IR

Please Read and Follow the 9 Rules of Posting in Verbal Forum

GMAT Club Verbal Expert
User avatar
P
Status: GMAT and GRE tutor
Joined: 13 Aug 2009
Posts: 2151
Location: United States
GMAT 1: 780 Q51 V46
GMAT 2: 800 Q51 V51
GRE 1: Q170 V170
QOTD: Before its bankruptcy in 2008, Goldman Sachs  [#permalink]

Show Tags

New post 20 Jul 2017, 10:02
2
Not seeing much controversy below, so that's good!

Quote:
A. Goldman Sachs initially financed Crystal Technologies, an early provider of cloud computing services, but they withdrew the funding

Very clear issue with pronoun agreement: "they", in theory, should refer to Goldman Sachs, but the company itself is singular. Plus, that initial modifier makes it sound like Goldman went bankrupt in 2008, and it's clear from the sentence that Crystal Technologies was the firm that went under. Eliminate (A).

Quote:
B. Crystal Technologies, an early provider of cloud computing services, was initially financed by Goldman Sachs, which withdrew the funding

Looks fine to me! The pronoun and modifier placement issues in (A) have been removed, and the phrase beginning with "which" modifies "Goldman Sachs," so no worries there. Keep (B).

Quote:
C. Crystal Technologies, an early provider of cloud computing services, had been initially financed by Goldman Sachs and had its funding withdrawn
This doesn't seem too horrible, but the parallelism is funky. It's not wrong, exactly, but it's definitely not the clearest thing ever: "Crystal Technologies had been initially financed... and had its funding withdrawn." No reason, really, for the parallelism, and there's also no great reason for saying the company "had its funding withdrawn" instead of saying that Goldman withdrew the funding.

Plus, that "its" is a little bit far from the antecedent. That's not a DEFINITE crime, but it's not ideal, either. (B) is clearly better than (C).

D. Goldman Sachs initially financed Crystal Technologies, an early provider of cloud computing services, withdrawing the funding
Same modifier placement issue as in (A) -- it sounds like Goldman went bankrupt, and that's not right. I also don't love that "withdrawing" is a modifier here -- it's not WRONG, but (B) seems clearer, since it emphasizes that Goldman was the entity that withdrew the funding. Eliminate (D).

Quote:
E. Crystal Technologies, an early provider of cloud computing services, was initially financed by Goldman Sachs and withdrawn

Ha. More crappy "fake parallelism." "Withdrawn" is parallel to "financed", I suppose, but that doesn't make sense: "Crystal Technologies... was initially withdrawn..." Nope. (E) is out, and (B) is our winner.
_________________

GMAT Club Verbal Expert | GMAT/GRE tutor @ www.gmatninja.com (Now hiring!) | Instagram | Food blog | Notoriously bad at PMs

Beginners' guides to GMAT verbal
Reading Comprehension | Critical Reasoning | Sentence Correction

YouTube LIVE verbal webinars
Series 1: Fundamentals of SC & CR | Series 2: Developing a Winning GMAT Mindset

SC & CR Questions of the Day (QOTDs), featuring expert explanations
All QOTDs | Subscribe via email | RSS

Need an expert reply?
Hit the request verbal experts' reply button -- and please be specific about your question. Feel free to tag @GMATNinja in your post. Priority is always given to official GMAT questions.

Sentence Correction articles & resources
How to go from great (760) to incredible (780) on GMAT SC | That "-ing" Word Probably Isn't a Verb | That "-ed" Word Might Not Be a Verb, Either | No-BS Guide to GMAT Idioms | "Being" is not the enemy | WTF is "that" doing in my sentence?

Reading Comprehension, Critical Reasoning, and other articles & resources
All GMAT Ninja articles on GMAT Club | Using LSAT for GMAT CR & RC |7 reasons why your actual GMAT scores don't match your practice test scores | How to get 4 additional "fake" GMAT Prep tests for $29.99 | Time management on verbal

Most Helpful Community Reply
Manager
Manager
avatar
Joined: 09 Feb 2013
Posts: 114
Re: Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Tec  [#permalink]

Show Tags

New post 15 Mar 2013, 22:13
4
1
Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Technologies, a tech company, as a venture capital investment and they would withdrew all their funding only after a long and comprehensive analysis of the bankrupt tech company’s account books.
A) Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Technologies, a tech company, as a venture capital investment and they would withdraw all its funding - Pronoun ambiguity as "ITS" can refer either to Goldman Sach or to Crystal Tech. 2nd error is Pronoun number agreement as "They" is used to refer singular noun.
B) Before its bankruptcy in 2008, Goldman Sachs Inc. had financed Crystal Technologies, a tech company, as a venture capital investment and withdrew all its funding- Pronoun ambiguity as "ITS" can refer either to Goldman Sach or to Crystal Tech. Because GMAT prefers simplicity we should use simple past rather than past perfect
C) Before its bankruptcy in 2008, Crystal Technologies, a tech company, had been financed by Goldman Sachs Inc. as a venture capital investment and the investor withdrew all its funding - Use of Past perfect continuous is incorrect
D) Before its bankruptcy in 2008, Crystal Technologies, a tech company, was financed as a venture capital investment by Goldman Sachs Inc., which withdrew all its funding - Although this option uses Passive voice, it succinctly conveys the meaning. Thus CORRECT
E) Before its bankruptcy in 2008, Crystal Technologies, a tech company, was a venture capital investment of Goldman Sachs Inc. , who withdrew all its funding - Relative pronoun WHO is used incorrectly to refer a Non-living things. Moreover, this option changes the meaning
How can a Company be an Investment?


I hope fellow aspirants will know why option B & E are Incorrect.
_________________

Kudos will encourage many others, like me.
Good Questions also deserve few KUDOS.

General Discussion
BSchool Forum Moderator
User avatar
V
Joined: 28 Mar 2017
Posts: 1223
Location: India
GMAT 1: 730 Q49 V41
GPA: 4
Re: QOTD: Before its bankruptcy in 2008, Goldman Sachs  [#permalink]

Show Tags

New post 20 Jul 2017, 11:06
Before its bankruptcy in 2008, Goldman Sachs initially financed Crystal Technologies, an early provider of cloud computing services, but they withdrew the funding only after a comprehensive review of the bankrupt technology company’s balance sheet and intellectual property assets.

A. Goldman Sachs initially financed Crystal Technologies, an early provider of cloud computing services, but they withdrew the funding - Opening modifier wrongly modifies Goldman Sachs. Crystal technology went bankrupt.

B. Crystal Technologies, an early provider of cloud computing services, was initially financed by Goldman Sachs, which withdrew the funding - CORRECT

C. Crystal Technologies, an early provider of cloud computing services, had been initially financed by Goldman Sachs and had its funding withdrawn -Timeline is given (before 2008), so past perfect can be avoided.

D. Goldman Sachs initially financed Crystal Technologies, an early provider of cloud computing services, withdrawing the funding - Opening modifier wrongly modifies Goldman Sachs. Crystal technology went bankrupt.

E. Crystal Technologies, an early provider of cloud computing services, was initially financed by Goldman Sachs and withdrawn -Highlighted part not making any sense.
_________________

Kudos if my post helps!

Long And A Fruitful Journey - V21 to V41; If I can, So Can You!!
Preparing for RC my way
RC Summary Activity - New Project to imporve RC Skills
Bloomberg's US Bschool Ranking

My study resources:
1. Useful Formulae, Concepts and Tricks-Quant | 2. e-GMAT's ALL SC Compilation | 3. LSAT RC compilation | 4. Actual LSAT CR collection by Broal | 5. QOTD RC (Carcass) | 6. Challange OG RC | 7. GMAT Prep Challenge RC

Senior Manager
Senior Manager
avatar
G
Joined: 28 May 2017
Posts: 285
Concentration: Finance, General Management
Re: QOTD: Before its bankruptcy in 2008, Goldman Sachs  [#permalink]

Show Tags

New post 20 Jul 2017, 20:27
Before its bankruptcy in 2008, Goldman Sachs initially financed Crystal Technologies, an early provider of cloud computing services, but they withdrew the funding only after a comprehensive review of the bankrupt technology company’s balance sheet and intellectual property assets.

A. Goldman Sachs initially financed Crystal Technologies, an early provider of cloud computing services, but they withdrew the funding
Plural pronoun can't be used for singular antecedent. Hence Incorrect.

B. Crystal Technologies, an early provider of cloud computing services, was initially financed by Goldman Sachs, which withdrew the funding
Correct

C. Crystal Technologies, an early provider of cloud computing services, had been initially financed by Goldman Sachs and had its funding withdrawn
Passive voice is not a preferred choice in GMAT. Even if we consider Passive voice correct, BY is missing. Moreover, use of past perfect is not correct. Hence Incorrect.

D. Goldman Sachs initially financed Crystal Technologies, an early provider of cloud computing services, withdrawing the funding
After removing modifiers, sentence would become
Goldman Sachs initially financed Crystal Technologies withdrawing the funding
A Run-on. Hence Incorrect.

E. Crystal Technologies, an early provider of cloud computing services, was initially financed by Goldman Sachs and withdrawn
WITHDRAWN WHAT and by WHOM?????
Distorting the meaning. Hence Incorrect.
_________________

If you like the post, show appreciation by pressing Kudos button

Non-Human User
User avatar
Joined: 01 Oct 2013
Posts: 3524
Premium Member
Re: Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Tec  [#permalink]

Show Tags

New post 01 Dec 2018, 18:26
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

-
April 2018: New Forum dedicated to Verbal Strategies, Guides, and Resources

GMAT Club Bot
Re: Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Tec &nbs [#permalink] 01 Dec 2018, 18:26
Display posts from previous: Sort by

Before its bankruptcy in 2008, Goldman Sachs Inc. financed Crystal Tec

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

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

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

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®.