On account of the harsh and severe times that came as a result of the recent economic downturn,ARV Inc.is implementing measures to cut spending and tighten its budget to avoid layoffs.These are referred to as _____ measures.
A)labor
B)austerity
C)arbitration
D)networking

Question

Quizplus · Accepted Answer

Austerity measures refer to actions taken by companies or governments to reduce spending and cut costs during economic crises. These measures can include reducing salaries, limiting travel expenses, or eliminating non-essential services. In this case, ARV Inc. is trying to avoid layoffs by implementing austerity measures.

On Account of the Harsh and Severe Times That Came