Logical Reasoning - Essential Part - Discussion

Find the word that names a necessary part of the underlined word.

14. 

purchase

[A]. trade
[B]. money
[C]. bank
[D]. acquisition

Answer: Option D

Explanation:

A purchase is an acquisition of something. A purchase may be made by trade (choice a) or with money (choice b), so those are not essential elements. A bank (choice c) may or may not be involved in a purchase.

Mtihun said: (Aug 30, 2012)  
Why not trade? what is purchase without trade. We can acquire by yany means. Can't we? I need more clarity.

Sakshi said: (Oct 13, 2012)  
We require money to purchase anything, only then we acquire it. So why acquisition ?

Pavan said: (Apr 10, 2013)  
Even exchanging something for money is called trade isn't it?

This answer needs more clarification.

Dev Chaurasiya said: (May 7, 2013)  
Acquisition in filed of accounting or marketing stand for corporate action in which a company buys most, if not all, of the target company's ownership stakes in order to assume control of the target firm. So for purchase acquisition is better option.

Ragini said: (May 8, 2013)  
Why not money? thats the 1st requirement for purchasing something. If one doesn't have money, how can acquisition happen?

Shrikant Gaikwad said: (Aug 5, 2013)  
Logically if we takes what has been asked in the question is that what is necessary part of word and for purchase money is necessary as well as acquisition. Bank and trade are not that necessary.

Lekshmi said: (May 6, 2014)  
Why trade? can't understand. Money is necessary to made a purchase. I think money is more important than acquisition.

Don Gaekwad said: (Jan 16, 2015)  
Trade is the answer, not money cause you can buy something with something else (other than money) too, acquisition is secondary to trade, Trade happens first then acquisition. A selfish person would say D but overall purchase can't take place without exchange of ownership of goods, i.e. Trade.

Himanshi said: (Jun 21, 2016)  
The first and the foremost thing is money. Any purchase is impossible without money. Acquition trading banking could be done after that also.

Hamza said: (Jun 30, 2016)  
It should be money, the word purchase literally means to buy something. Money is the essential part of purchasing something.

Anonymous said: (Oct 2, 2016)  
It is a trade, money is not needed in some cases (barter system), the acquisition is also a form of trade.

Anonymous said: (Jun 1, 2017)  
The test author needs to have a better understanding of the meaning of the words that make up the test questions and answers. The word "necessary" means "required to be done" [what needs to be done before the given condition can come into being], not "the effect of a given cause. " So the question reads "what is necessary to make a purchase, " not "what is necessary to happen after a purchase. " In order to make a purchase, you need money. A trade is not considered a purchase because in the English language, the word "purchase" is universally understood to mean paying money to receive something, not exchanging something else for it (that's called a trade). You also don't need to acquire anything after a purchase. Tax dollars buy new buildings and stadiums but don't assign its ownership rights to the purchasers (taxpayers). Life insurance is not purchased for us to acquire but for our survivors to acquire after we die. This illustrates another point: you don't have to purchase something (or trade it for something else) to acquire it (such as an inheritance).

Nidhi Rastogi said: (Jul 30, 2017)  
Acquisition means something that someone buys, often to add to a collection of things, so i think its a correct answer.

Madhurjya Nath said: (Feb 21, 2019)  
I think the correct answer should be money.

Janhavi Singh said: (Apr 28, 2019)  
We require money to purchase. Without money, we do not purchase anything or acquire. Please explain it clearly.

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