Please submit your concern

Question:

Ramesh formed a committee to look into this matter and the committee came up with the following suggestions:

Create a fund to take care of immediate family expenses.
Finance the school and college education of his children.
Sponsor the vocational education of his wife and subsequently help her find a job.
Purchase insurance for all the family members.
Request all employees of the organization to contribute towards the welfare of the family.

Which of the following options, from the above suggestions, will be the most sustainable for Pankaj's family?

Explanation:

Option [1] is, at best, a short-term solution for the problem at hand. Moreover, it does not help Pankaj’s family to develo skills that can sustain them in the long term. Similarly, [5] does not resolve the situation. Also, it ends up burdening the employees. [4] is completely useless in helping Pankaj’s family as the life insurance policy cannot provide them with financial stability immediately. Only [2] and [3] can help Pankaj’s family find stability again.
Hence, the correct answer is option 2.

Please submit your concern

Feedback