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Question:

Each of the questions below consists of a set of labelled sentences. These sentences, when properly sequenced, form a coherent paragraph. Choose the most logical order of sentences from the options.

Four days later, Oracle announced its own bid for PeopleSoft, and invited the firm's board to a discussion.
Furious that his own plans had been endangered, PeopleSoft's boss, Craig Conway, called Oracle's offer "diabolical", and its boss, Larry Ellison, a "sociopath".
In early June, PeopleSoft said that it would buy J.D. Edwards, a smaller rival.
Moreover, said Mr. Conway, he "could imagine no price nor combination of price and other conditions to recommend accepting the offer."
On June 12th, PeopleSoft turned Oracle down.

Explanation:

Pay attention to the sequence of events. All options start with C where there is a reference to early June. A should follow that (“four days later”) with regards to time reference. That eliminates option 3.
BD is a pair - statement B introduces Craig Conway and D continues with what Mr. Conway had to say (‘moreover’ is a link word). That narrows down our choices to options 1 and 4. Statement B mentions Conway’s plans being endangered (possibly with his wanting to buy J.D. Edwards and instead Oracle approaching his company). The statement gives a reason for the decision mentioned in E, that of turning down Oracle. Therefore, statement E comes last.

Hence, the correct answer is option 1.

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