Question
Directions : Identify the words that are similar in
meaning to the phrase in bold. If none of options conveys the correct meaning, mark (E) as your answer. The options do not necessarily need to be grammatically correct. The company has been trying to cut back on expenses to stay profitable during these challenging times.Solution
the phrase "cut back on expenses" means to reduce or decrease expenses. It implies that the company is making an effort to spend less money in order to maintain profitability during difficult circumstances.
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