Logical Reasoning - Essential Part - Discussion

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).

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.

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.

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.

The first and the foremost thing is money. Any purchase is impossible without money. Acquition trading banking could be done after that also.

It should be money, the word purchase literally means to buy something. Money is the essential part of purchasing something.

Why not money? thats the 1st requirement for purchasing something. If one doesn't have money, how can acquisition happen?

Acquisition means something that someone buys, often to add to a collection of things, so i think its a correct answer.

Why trade? can't understand. Money is necessary to made a purchase. I think money is more important than acquisition.

We require money to purchase. Without money, we do not purchase anything or acquire. Please explain it clearly.