Phoenixing
CAT 2018 Slot 2 · Verbal Ability & Reading Comprehension · Medium · Para Jumbles
This is a medium Verbal Ability & Reading Comprehension question from the CAT 2018 Slot 2 paper. It tests Para Jumbles. The full answer key and a step-by-step explanation are below — try it yourself first, then reveal the solution.
The four sentences (labelled 1, 2, 3, and 4) given in this question, when properly sequenced, form a coherent paragraph. Decide on the proper order for the sentences and key in this sequence of four numbers as your answer.
- It was his taxpayers who had to shell out as much as $1.6bn over 10 years to employees of failed companies.
- Companies in many countries routinely engage in such activities which means that the employees are left with unpaid entitlements.
- Deliberate and systematic liquidation of a company to avoid liabilities and then restarting the business is called phoenixing.
- The Australian Minister for Revenue and Services discovered in an audit that phoenixing had cost the Australian economy between 2.9bn and 5.1bn last year.$
3241
Explanation
Sentence 3 introduces the concept 'phoenixing'. Sentence 2 follows 3 by expanding on 'such activities' and employee entitlements. Sentence 4 provides a specific example from Australia and introduces 'The Australian Minister for Revenue and Services'. Sentence 1 follows 4 as 'his taxpayers' refers back to the Minister. Thus, 3241 is the correct order.
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