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"the company management was pessimistic about their" - why isn't "company management" treated as a collective noun? Should the sentence be written as - "the company management was pessimistic about ITS outlook for the coming quarter"?

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"the company management was pessimistic about their" - why isn't "company management" treated as a collective noun? Should the sentence be written as - "the company management was pessimistic about ITS outlook for the coming quarter"?

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You're entirely correct about that. 'Management' is a singular noun, so referring to it with 'they' or 'their' is incorrect. Note that in the correct answer to the original problem (which is (C)), the sentence doesn't use a pronoun at all - it says 'the outlook' instead of 'their' outlook.

If you were doing this problem on a test, you could eliminate anything that used 'their'. :)

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