Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Nov 1811:00 AM PST
-12:00 PM PST
Join us in a live GMAT practice session and solve 30 challenging GMAT questions with other test takers in timed conditions, covering GMAT Quant, Data Sufficiency, Data Insights, Reading Comprehension, and Critical Reasoning questions.
Nov 2211:00 AM IST
-01:00 PM IST
Do RC/MSR passages scare you? e-GMAT is conducting a masterclass to help you learn – Learn effective reading strategies Tackle difficult RC & MSR with confidence Excel in timed test environment- Nov 23
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. 
Nov 2510:00 AM EST
-11:00 AM EST
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors.
26 Apr 2019, 05:10
Kudos
Bookmarks
A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
83% (01:21) correct
17%
(01:32)
wrong
based on 4739
sessions
History
Date
Time
Result
Not Attempted Yet
Custodian fees and expenses, as described in the statement of operations, include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period.
A. include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period
B. are to include interest expenses on any cash overdrafts of its custodian account the fund incurred during the period
C. includes interest expense the fund incurred during the period on any cash overdrafts of its custodian account
D. may include interest expense during the period that the fund was to incur on any cash overdrafts of its custodian account
E. including interest expense on any cash overdrafts of its custodian account incurred by the fund during the period
SC20121.01
OG2020 NEW QUESTION
A. include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period
B. are to include interest expenses on any cash overdrafts of its custodian account the fund incurred during the period
C. includes interest expense the fund incurred during the period on any cash overdrafts of its custodian account
D. may include interest expense during the period that the fund was to incur on any cash overdrafts of its custodian account
E. including interest expense on any cash overdrafts of its custodian account incurred by the fund during the period
SC20121.01
OG2020 NEW QUESTION
26 Apr 2019, 05:11
Kudos
Bookmarks
Bunuel
With this many prepositional phrases, find any clear grammar errors first.
Custodian fees and expenses include
interest expense
. . . incurred by the fund
. . . . . . on any cash overdrafts
. . . . . . . . . of its custodian account
. . . . . . . . . . . . . .during the period
• Split #1: Subject verb agreement
Custodian fees and expenses,
The subject custodian fees and expenses is plural and requires the plural verb include.
Option (C) incorrectly uses the singular includes
Option (E) does not have any verb for the subject.
-- including is not a working verb
-- including
1) is an exception to the comma + participial (comma + verbING) modifier rules;
2) is often listed as a preposition; and
3) can mean containing [this item or these items] or together with or for example
Eliminate C and E
• Split #2 - Verb tense and meaning
Rough meaning: Custodian fees and expenses . . . include AN interest expense [that is] incurred by the fund and
that is connected to cash overdrafts.
Don't worry about the custodian's account or the "period," which probably
refers to a fiscal period but is not an important phrase.
If the fund creates cash overdrafts, then someone pays interest on those overdrafts,
and that payment is an interest expense.
Compare options B and D to option A.
(B) are to include . . . expenses
(D) may include . . . expense that the fund was to incur . . .
(A) include . . . expense incurred by the fund
Without using a lot of labels --
The strange verb phrase in B, "are to include" adds two extra words and
is not better than option A's "include."
Another problem with (B):
The word interest expenses, plural, is wrong.
-- There is only one interest expense: the one that is caused by cash overdrafts on the custodial fund.
Option (D) uses may include, which might be okay, except that the verb makes it sound as though
interest fees on cash overdrafts are optional. The latter is unlikely.
Much worse, "was to incur"
-- sounds like an infinitive of purpose, as though the fund itself intended to incur something,
or as though someone intended that the fund incur something.
But an overdraft by definition suggests accident or lack of intention;
no person would intend to incur penalties in the form of interest payments on cash overdrafts.
-- "was to incur" is almost nonsensical. Compare the verb phrase "was to incur" with
the past participle "incurred" in option A. The latter wins.
Eliminate options B and D. Both are inferior to A.
The answer is A.
03 May 2019, 20:47
Kudos
Bookmarks
Hello Everyone!
Let's tackle this question, one thing at a time, and narrow down the options to the correct one! To begin, let's scan over the options and highlight any major differences in orange:
Custodian fees and expenses, as described in the statement of operations, include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period.
A. include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period
B. are to include interest expenses on any cash overdrafts of its custodian account the fund incurred during the period
C. includes interest expense the fund incurred during the period on any cash overdrafts of its custodian account
D. may include interest expense during the period that the fund was to incur on any cash overdrafts of its custodian account
E. including interest expense on any cash overdrafts of its custodian account incurred by the fund during the period
After a quick scan over the options, we can find a couple places to focus our attention:
1. include / are to include / includes / may include / including (Verb Tense & Meaning)
2. incurred by the fund / the fund incurred / the fund was to incur (Meaning & Clarity)
3. placement of the phrase "during the period" (Meaning & Clarity)
Let's start with #1 in our list because Verb Tense problems are typically pretty easy to spot. If we look closely at the original sentence, we can find the subject:
Custodian fees and expenses, as described in the statement of operations, include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period.
We know that the subject is plural, so we need to make sure the verb is also plural! Let's see how each option works out:
A. include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period
B. are to include interest expenses on any cash overdrafts of its custodian account the fund incurred during the period
C. includes interest expense the fund incurred during the period on any cash overdrafts of its custodian account
D. may include interest expense during the period that the fund was to incur on any cash overdrafts of its custodian account
E. including interest expense on any cash overdrafts of its custodian account incurred by the fund during the period
We can eliminate option C because it uses a singular verb "includes," which doesn't match the plural subject. We can also eliminate option E because changing the word to "including" changes that phrase to a modifier, which means this sentence doesn't have a verb at all!
There is another issue with the verbs in this question. We also need to make sure that the verbs are clear and don't change the intended meaning:
A. include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period
This is CORRECT because it conveys the correct meaning. It's clear that these expenses are definitely included in "Custodian fees and expenses."
B. are to include interest expenses on any cash overdrafts of its custodian account the fund incurred during the period
This is INCORRECT because it's overly wordy. Just saying "include" is plenty. Also, saying "are to include" suggests that these things aren't already included as custodian fees and expenses, which is slightly misleading.
D. may include interest expense during the period that the fund was to incur on any cash overdrafts of its custodian account
Again, this is INCORRECT because it changes the intended meaning. By saying that these things "may" be included as custodian fees and expenses, it's not clear if they are or not.
There you have it - option A was the correct choice all along! If you can focus on grammar issues that are easy to identify, such as subject-verb agreement issues, you can eliminate wrong choices rather quickly.
Don't study for the GMAT. Train for it.
Let's tackle this question, one thing at a time, and narrow down the options to the correct one! To begin, let's scan over the options and highlight any major differences in orange:
Custodian fees and expenses, as described in the statement of operations, include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period.
A. include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period
B. are to include interest expenses on any cash overdrafts of its custodian account the fund incurred during the period
C. includes interest expense the fund incurred during the period on any cash overdrafts of its custodian account
D. may include interest expense during the period that the fund was to incur on any cash overdrafts of its custodian account
E. including interest expense on any cash overdrafts of its custodian account incurred by the fund during the period
After a quick scan over the options, we can find a couple places to focus our attention:
1. include / are to include / includes / may include / including (Verb Tense & Meaning)
2. incurred by the fund / the fund incurred / the fund was to incur (Meaning & Clarity)
3. placement of the phrase "during the period" (Meaning & Clarity)
Let's start with #1 in our list because Verb Tense problems are typically pretty easy to spot. If we look closely at the original sentence, we can find the subject:
Custodian fees and expenses, as described in the statement of operations, include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period.
We know that the subject is plural, so we need to make sure the verb is also plural! Let's see how each option works out:
A. include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period
B. are to include interest expenses on any cash overdrafts of its custodian account the fund incurred during the period
C. includes interest expense the fund incurred during the period on any cash overdrafts of its custodian account
D. may include interest expense during the period that the fund was to incur on any cash overdrafts of its custodian account
E. including interest expense on any cash overdrafts of its custodian account incurred by the fund during the period
We can eliminate option C because it uses a singular verb "includes," which doesn't match the plural subject. We can also eliminate option E because changing the word to "including" changes that phrase to a modifier, which means this sentence doesn't have a verb at all!
There is another issue with the verbs in this question. We also need to make sure that the verbs are clear and don't change the intended meaning:
A. include interest expense incurred by the fund on any cash overdrafts of its custodian account during the period
This is CORRECT because it conveys the correct meaning. It's clear that these expenses are definitely included in "Custodian fees and expenses."
B. are to include interest expenses on any cash overdrafts of its custodian account the fund incurred during the period
This is INCORRECT because it's overly wordy. Just saying "include" is plenty. Also, saying "are to include" suggests that these things aren't already included as custodian fees and expenses, which is slightly misleading.
D. may include interest expense during the period that the fund was to incur on any cash overdrafts of its custodian account
Again, this is INCORRECT because it changes the intended meaning. By saying that these things "may" be included as custodian fees and expenses, it's not clear if they are or not.
There you have it - option A was the correct choice all along! If you can focus on grammar issues that are easy to identify, such as subject-verb agreement issues, you can eliminate wrong choices rather quickly.
Don't study for the GMAT. Train for it.
