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WE:Business Development (Energy and Utilities)
Re: To avoid a lengthy prison term, the convicted financier
[#permalink]
08 Oct 2017, 17:56
Explanation
Since the hedge fund founder is doing something to avoid a long prison term, and because of the clue “former role,” you know that she “gave up” that role. Abjured and forwent both work here.
Be precise — reneged means “to break a promise.” A leader can be deposed, but you don’t depose a role. The hedge fund founder may be being censured (probably worse), but it doesn’t make sense for her to censure (disapprove of, reprimand) her role.
Hence options abjured, forwent are correct!