Investment officers fees

This topic has expert replies
Senior | Next Rank: 100 Posts
Posts: 83
Joined: Tue Mar 31, 2009 11:03 am
Thanked: 3 times

Investment officers fees

by EricKryk » Sat Mar 01, 2014 8:29 pm
Since 1986, when the Department of Labor began to allow investment officers' fees to be based on how the funds they manage perform, several corporations began paying their investment advisers a small basic fee, with a contract promising higher fees if the managers perform well.

(A) investment officers' fees to be based on how the funds they manage perform, several corporations began

(B) investment officers' fees to be based on the performance of the funds they manage, several corporations began

(C) that fees of investment officers be based on how the funds they manage perform, several corporations have begun

(D) fees of investment officers to be based on the performance of the funds they manage, several corporations have begun

(E) that investment officers' fees be based on the performance of the funds they manage, several corporations began
Source: — Sentence Correction |

User avatar
GMAT Instructor
Posts: 1052
Joined: Fri May 21, 2010 1:30 am
Thanked: 335 times
Followed by:98 members

by Patrick_GMATFix » Sat Mar 01, 2014 8:42 pm
Verb tense is tested ("Since 1986...corporations began/have begun") along with pronoun agreement (they should refer to officers, not officers' fees) and other minor rules.

The answer is D. I go through the question in detail in the full solution below (taken from the GMATFix App).

Image

-Patrick
  • Ask me about tutoring.

• Page 1 of 1