【GMAT考满分阅读RC题库】Findings from several studies on corporate mergers_真题_答案

GWD - 阅读RC - 229

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Findings from several studies on corporate mergers and acquisitions during the 1970's and 1980's raise questions about why firms initiate and consummate such transactions. One study showed, for example, that acquiring firms were on average unable to maintain acquired firms' pre-merger levels of profitability. A second study concluded that post-acquisition gains to most acquiring firms were not adequate to cover the premiums paid to obtain acquired firms. A third demonstrated that, following the announcement of a prospective merger, the stock of the prospective acquiring firm tends to increase in value much less than does that of the firm for which it bids. Yet mergers and acquisitions remain common, and bidders continue to assert that their objectives are economic ones. Acquisitions may well have the desirable effect of channeling a nation's resources efficiently from less to more efficient sectors of its economy, but the individual acquisitions executives arranging these deals must see them as advancing either their own or their companies' private economic interests. It seems that factors having little to do with corporate economic interests explain acquisitions. These factors may include the incentive compensation of executives, lack of monitoring by boards of directors, and managerial error in estimating the value of firms targeted for acquisition. Alternatively, the acquisition acts of bidders may derive from modeling: a manager does what other managers do.

It can inferred from the passage that the author would be most likely to agree with which of the following statements about corporate acquisitions?

ATheir known benefits to national economies explain their appeal to individual firms during the 1970's and 1980's.
BDespite their adverse impact on some firms, they are the best way to channel resources from less to more productive sectors of a nation's economy.
CThey are as likely to occur because of poor monitoring by boards of directors as to be caused by incentive compensation for managers.
DThey will be less prevalent in the future, since their actual effects will gain wider recognition.
EFactors other than economic benefit to the acquiring firm help to explain the frequency with which they occur.

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正确答案: E

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christina201008

错误选择了C。其实有两个错误点：1）as likely as是几率一样的意思，文中没有提及概率问题；2）ncentive compensation 不是for managers，而是for executives

2016-06-13 10:02:18 IP属地：局域网举报

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梦梦萌萌哒回复 christina201008

manager 和 executive 意思应该是一样的，都是高层管理人员。as likely as比较级确实无中生有。

2017-11-16 19:17:58 IP属地：山西举报

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土豆丝chips 回复梦梦萌萌哒

同意

2022-07-07 08:14:11 IP属地：局域网举报

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DSZ1234567

记忆力超好的看到和原文一样的B迫不及待的掉进了坑。注意这个方法不是best 的

2017-08-19 13:47:42 IP属地：安徽举报

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土豆丝chips 回复 DSZ1234567

原文并没有说是channel resources的best way

2022-07-07 08:17:21 IP属地：局域网举报

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青凝百合

”Yet mergers and acquisitions remain common“里的common不就说明了E中的“frequency with which they occur”，这句话：“It seems that factors having little to do with corporate economic interests explain acquisitions.”在解释收购的时候也就是在说明为什么收购出现的如此common

2016-11-21 11:54:38 IP属地：陕西举报

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土豆丝chips 回复青凝百合

frequency不是频率吗？

2022-07-07 08:18:01 IP属地：局域网举报

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vicky525

E比C更具有概括性

2014-04-22 09:34:31 IP属地：局域网举报

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SUMMERIZE

可以解释一下E的frequency吗当时做的时候觉得C的as likely as和E的frequency都是不大妥当的地方最后还是选了C= =

2016-10-16 23:03:35 IP属地：广东举报

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土豆丝chips 回复 SUMMERIZE

我也有这个问题

2022-07-07 08:18:24 IP属地：局域网举报

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土豆丝chips

频繁？

2022-07-07 08:18:42 IP属地：局域网举报

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萱萱Sandy 回复 SUMMERIZE

Yet mergers and acquisitions remain common, and bidders continue to assert that their objectives are economic ones. common可以解释frequency了

2018-08-21 18:23:33 IP属地：北京举报

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phoenix_liang

private economic interest也是economic interest啊，前面不是说了这个factor是导致收购的factors么？？？？？？？？

2014-08-19 16:43:52 IP属地：广东举报

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christin1014 回复 phoenix_liang

作者先說
比起國家經濟利益，主管以及公司的私人利益比較可能為公司進行併購的主因，又緊接著說，但看起來與公司經濟利益無關的因素才是造成收購的主因（因為前面文章有提到大部分公司根本沒有在收購中獲利，所以作者才進行五推斷）

2023-10-03 20:29:07 IP属地：中国台湾举报

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nasausa

Yet mergers and acquisitions remain common, and bidders continue to assert that their objectives are economic ones. Acquisitions may well have the desirable effect of channeling a nation\'s resources efficiently from less to more efficient sectors of its economy, but the individual acquisitions executives arranging these deals must see them as advancing either their own or their companies\' privat

2015-08-31 22:48:37 IP属地：局域网举报

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hrz007

为什么只能看到一个题目啊~~我想看其他的都没解释啊~~

2015-12-07 20:32:00 IP属地：局域网举报

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xx19950908

Yet mergers and acquisitions remain common, and bidders continue to assert that their objectives are economic ones. ）求问这句话可以解释E选项中的frequency吗？

2018-05-18 11:00:50 IP属地：山东举报

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土豆丝chips

E：frequency不是频率吗？文章也没有讲频率呀？

2022-07-07 08:13:20 IP属地：局域网举报

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正确率： 59%

难度：

选择材料题号

GWD

GWD
PREP07 Test 1
PREP07 Test 2
PREP2012
OG16
OG17
PREP08 Test 1
PREP08 Test 2
Manhattan
Magoosh
OG18
OG18-数学分册
OG18-语文分册
OG19
OG19-语文分册
OG19-数学分册
OG20
OG20-语文分册
OG20-数学分册

SET 1

题目来源

题目来源1:GWD

题目来源2:OG18-语文分册

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