GWD-29-Q13 D为啥不对捏？

pearlfeiiii

Findings from several studies on
                    

            corporate mergers and acquisitions

            during the 1970’s and 1980’s raise

Line     questions about why firms initiate and

  (5)      consummate such transactions.  One

study showed, for example, that acquir-

ing firms were on average unable to

maintain acquired firms’ pre-merger

levels of profitability.  A second study

 (10)     concluded that post-acquisition gains

to most acquiring firms were not ade-

quate to cover the premiums paid

to obtain acquired firms.  A third

demonstrated that, following the

 (15)     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 merg-

 (20)     ers and acquisitions remain common,

            and bidders continue to assert that

            their objectives are economic ones.

Acquisitions may well have the desir-

able effect of channeling a nation’s

 (25)     resources efficiently from less to

more efficient sectors of its economy,

but the individual acquisitions execu-

tives arranging these deals must see

them as advancing either their own or

 (30)     their companies’ private economic

interests.  It seems that factors hav-

ing little to do with corporate economic

            interests explain acquisitions.  These

factors may include the incentive

 (35)
                   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

 (40)    bidders may derive from modeling:

a manager does what other man-

agers do.

Q13: The author of the passage implies that which of the following is a possible partial explanation for acquisition behavior during the 1970’s and 1980’s?

A.      Managers wished to imitate other managers primarily because they saw how financially beneficial other firms’ acquisitions were.

B.      Managers miscalculated the value of firms that were to be acquired.

C.      Lack of consensus within boards of directors resulted in their imposing conflicting goals on managers.

D.      Total compensation packages for managers increased during that period.

E.       The value of bidding firms’ stock increased significantly when prospective mergers were announced.

答案选b,不知是理解有问题还是怎么着，我觉得D也对啊。。。

还请NN们解答啊