Phoenixing

CAT 2018 Slot 2 · VARC · Medium · Para Jumbles

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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.

  1. It was his taxpayers who had to shell out as much as $1.6bn over 10 years to employees of failed companies.
  2. Companies in many countries routinely engage in such activities which means that the employees are left with unpaid entitlements.
  3. Deliberate and systematic liquidation of a company to avoid liabilities and then restarting the business is called phoenixing.
  4. The Australian Minister for Revenue and Services discovered in an audit that phoenixing had cost the Australian economy between 2.9bn and 5.1bn last year.$
Answer

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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