Wrong Answer (Question: 111960.0 )

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Milind

· started a discussion

· 1 Months ago

Wrong Answer (Question: 111960.0 )

Retrenchment: Cutting down man power
Budgeting: Cutting down money.

Knowledge Expert

· commented

· 1 Months ago

Dear Student,

Retrenchment : The reduction of costs or spending in response to economic difficulty.
Budgeting : Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget.

Therefore reducing cost is retrenchment
The given answer is correct

Team TR

shyam sunder chandwara

· started a discussion

· 1 Months ago

Wrong answer (Question:111960.0)

I think answer is budgeting

Question:

DIRECTIONS: In the following questions, out of the four alternatives choose the one which can be substituted for the given words/sentence.

The process by which a person or an organization reduces the amount of money it spends.

Options:

A) Budgeting

B) Retrenchment

C) Saving

D) Closure

Solution:

Ans: (b)

Retrenchment (noun) means

(a) a situation in which a government, etc. spends less or reduces costs

The act of retrenching- a cutting down or off, as by the reduction of expenses.

(b) a situation in which someone loses their job because their employer does not need them:

Eg: The downturn in business has resulted in many retrenchments.

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