IMO: It is important to understand what the GMAT tries to test here: namely,Comparison !
The meaning behind is that analysts expect automakersto be more conservative ORto set more conservatively than they were or did in the past.
Now we need to find the right comparisons components (person - person or verb-verb)
As above, D) and E) are out because of idiom expression: expectXY toVERB
A) to set dividends more conservatively than they were -> wrong comparison: verb - person; DID would
...
The meaning behind is that analysts expect automakersto be more conservative ORto set more conservatively than they were or did in the past.
Now we need to find the right comparisons components (person - person or verb-verb)
As above, D) and E) are out because of idiom expression: expectXY toVERB
A) to set dividends more conservatively than they were -> wrong comparison: verb - person; DID would
...
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