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Does to cut one's losses mean to stop one's losses?



 
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Does to cut one's losses mean to stop one's losses? #1 (permalink) Tue Sep 14, 2010 16:06 pm   Does to cut one's losses mean to stop one's losses?
 

English Language Tests, Intermediate level

ESL/EFL Test #329 "English Slang Idioms (50)", question 2

"You're going to have to lay off that whole department and close it down. It's just not profitable. The company has to cut its .........," the CEO told Max.

(a) tape
(b) fabric
(c) losses
(d) mustard

English Language Tests, Intermediate level

ESL/EFL Test #329 "English Slang Idioms (50)", answer 2

"You're going to have to lay off that whole department and close it down. It's just not profitable. The company has to cut its losses," the CEO told Max.

Correct answer: (c) losses

Your answer was: correct
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Does to cut one's losses mean to stop one's losses?
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Does to cut one's losses mean to stop one's losses? #2 (permalink) Wed Sep 15, 2010 0:44 am   Does to cut one's losses mean to stop one's losses?
 

To cut one's losses means to stop wasting money by ending a process/relationship etc.
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