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TOEIC Reading 5 Exercisee 69

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Question: 
O:8:"stdClass":2:{s:8:"question";s:92:"Morrison Electronics is acquiring Incognito Tech. for ______ $12 million in stocks and cash.";s:7:"choices";a:4:{i:0;s:12:"approximates";i:1;s:13:"approximation";i:2;s:13:"approximately";i:3;s:13:"approximating";}}
Answer: 
c
TOEIC Reading 5 Category: 
content access: 
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answer explanation: 

<p>The answer is (C)&nbsp;<span style="font-size: 13.008px;">approximately</span><span style="font-size: 13.008px;">&nbsp;</span></p><p>Morrison Electronics is acquiring Incognito Tech. for <span class="highlight">approximately</span> $12 million in stocks and cash.</p><div data-answer="c">(A) approximates - This is incorrect because "approximates" is a verb, not an adverb that is needed to modify the verb "is acquiring".</div><div data-answer="c">(B) approximation - This is incorrect because "approximation" is a noun, not an adverb that is needed to modify the verb "is acquiring".</div><div data-answer="c">(C) approximately - This is the correct answer. "Approximately" is an adverb that modifies the verb "is acquiring" and indicates that the amount of $12 million is an approximation.</div><div data-answer="c">(D) approximating - This is incorrect because "approximating" is a verb, not an adverb that is needed to modify the verb "is acquiring".</div>