Step 1: Understanding the Question:
The objective is to find the correct contextual meaning of the capitalized idiom ``CUT CORNERS'' in the given sentence.
The sentence context indicates that this action on safety led to problems, suggesting a negative connotation.
Step 2: Key Concepts and Idiomatic Meanings:
The idiom ``cut corners'' originates from taking a shorter route by skipping the corners of a path.
In business and general usage, it refers to reducing expenditures or effort by skipping steps or disregarding regulations and standards.
Step 3: Detailed Explanation:
• Option (B) - to do something in the cheapest or quickest way by ignoring proper standards: This is the exact definition of the idiom.
By cutting corners on safety, the University administration chose cheap or rapid methods, which compromised safety protocols and caused problems.
• Option (A) - to do something in an efficient way: Efficiency implies maintaining quality while optimizing resources, which does not match the negative outcome described in the sentence.
• Option (C) - to do something secretly: Secretive actions are denoted by terms like ``under the table'', not ``cut corners''.
• Option (D) - to do something extravagantly: This is the exact opposite of cutting corners, which involves minimizing cost.
Step 4: Final Answer:
The correct option is Option (B).