BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

★★★★★5.0559 reviews
Vote for Target Test Prep, Newsweek Readers’ Choice Awards 2026
NEWSWEEK READERS’ CHOICE 2026

BIG NEWS! Target Test Prep has been nominated, and they’d love your vote!

TTP has worked incredibly hard to build the best test prep experience possible, and winning Newsweek’s 2026 Readers’ Choice Award for Best Test Prep would mean a lot to them. If TTP has helped you, they’d be incredibly grateful for your vote. You can vote once each day through September 9.

Vote for TTP
GMATLiveTeach 7 seats left
Chris Peckover
NEXT LIVE COHORT

Oct 13 to Jan 7, 2027

with Chris Peckover

Schedule
Tue, Thu · 8:00 to 10:00 PM ET
Included
40 live hours + 6 months of GMAT OnDemand
  • Live instruction and real-time questions
  • Class recordings and assigned practice
View class & enroll
Limited cohort · enrollment openTarget Test Prep
EALiveTeach 5 seats left
Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

Schedule
Sun · 9:30 AM to 12:30 PM ET
Included
Live EA class + 6 months of EA OnDemand
  • Expert-led weekly online sessions
  • EA Masterclass access between classes
View EA class & enroll
Limited cohort · enrollment openTarget Test Prep
GMATOnDemand Start anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

715+ score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions
Start free 5-day trial
Read 559 reviewsTarget Test Prep

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

investment of Goldman Sachs Inc

Expert replies
Post new topic Locked
Previous Topic Next Topic
Master | Next Rank: 500 Posts
Posts: 468
Joined: Mon Jul 25, 2011 10:20 pmFollowed by: 4 members
Thanked: 29 times
by vipulgoyal » Thu Mar 05, 2015 3:45 pm
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


OE says , my query , why not
(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."

OA D
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Sentence Correction |
User avatar
Legendary Member
Posts: 2663
Joined: Wed Jan 14, 2015 8:25 amFollowed by: 128 members
Location: Boston, MA
Thanked: 1153 times
GMAT Score:770

by DavidG@VeritasPrep » Thu Mar 05, 2015 4:19 pm
The most glaring problem with B is that it makes sound as though Goldman Sachs went bankrupt in 2008. But even if you don't know that Goldman Sachs didn't go bankrupt, D contains a more logical sequence of events. Goldman Funded Crystal Technologies. Crystal Technologies went bankrupt. Then Goldman withdrew its funding. Makes sense.

B makes it sound as though a bankrupt Goldman withdrew its funding from Crystal Technologies, which also went bankrupt! (And if Goldman was truly bankrupt, why would it wait until Crystal Technologies was bankrupt to withdraw its funding?!)
Veritas Prep | GMAT Instructor

Veritas Prep Reviews
Save $100 off any live Veritas Prep GMAT Course
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Master | Next Rank: 500 Posts
Posts: 468
Joined: Mon Jul 25, 2011 10:20 pmFollowed by: 4 members
Thanked: 29 times

by vipulgoyal » Thu Mar 05, 2015 6:53 pm
Thanks Dave,

(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

in above option what is the referent of "its"
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
GMAT Instructor
Posts: 15539
Joined: Tue May 25, 2010 12:04 pmFollowed by: 1906 members
Location: New York, NY
Thanked: 13060 times
GMAT Score:790

by GMATGuruNY » Fri Mar 06, 2015 4:49 am
In A, they (plural) cannot serve to refer to Goldman Sachs (singular).
Eliminate A.

B and C: financed...AND...withdrew all its funding
Here, and incorrectly serves to connect CONTRASTING concepts (financed, withdrew all its funding).
Eliminate B and C.

In E, who cannot serve to refer to a non-person (Goldman Sachs).
Eliminate E.

The correct answer is D.

When an introductory modifier includes a pronoun without an antecedent, the referent should be the SUBJECT OF THE FOLLOWING CLAUSE.
Consider the following examples from the OG12:

SC7: As ITS sales of computer products have surpassed those of measuring instruments, THE COMPANY...
SC28: Building on civilizations that preceded THEM in coastal Peru, THE MOCHICA...
SC31: Even though many of HER colleagues were convinced that genes were relatively simple and static, BARBARA MCCLINTOCK...

In each case, the introductory modifier includes a pronoun without an antecedent.
In each case, the referent is the subject of the following clause.

(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

in above option what is the referent of "its"
In B, the referent for its (an introductory pronoun without an antecedent) is Goldman Sachs, Inc. (the subject of the following clause), implying that GOLDMAN SACHS, INC. suffered a bankruptcy.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Locked
• Page 1 of 1