"The J.C. Penney chain of retail stores broke with its conservative cash-and-carry policy during its 1958 reorganization for deciding to sell on credit."
Here, we must note that JC Penney does not break with a policy "for deciding to sell" on credit. Instead, we should use the phrase "in deciding to sell"; this indicates that when JC Penney sells on credit, it is not following its previous policy of selling on a cash-and-carry basis.
A. during its 1958 reorganization for deciding to sell
B. for the decision at its 1958 reorganization to sell
C. when it was reorganized in 1958 for its decision to sell
We also note that JC Penney deciding "on the selling of credit" does not seem to make a whole lot of sense.
E. by deciding at its reorganization in 1958 on the selling of
This leaves only one possible answer:
D. in deciding during its reorganization in 1958 to sell
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