Risks Involved in a Project Can Be Transferred by Outsourcing

question 119

True/False

Risks involved in a project can be transferred by outsourcing a particular component of the project and requiring performance bonds.

Recognize the concept of concentration and its implications in employment contexts.

Understand the benefits of developing external workforce profiles in employment equity planning.

Explore the nature and impact of hidden employment barriers.

Understand the impact of valuable, rare, and difficult to imitate resources on the efficiency and effectiveness of an organization.

---

Definitions:

Notes to Financial Statements

Explanatory and supplementary information attached to the financial statements of a company, detailing the basis for figures and providing additional insights.

Nature and Function

A term often used to describe the properties and roles of different parts within a system or organization.

Basis of Accounting

The methodology under which revenues and expenses are recognized in the financial statements, examples include cash basis and accrual basis.

Statement of Activities

A financial report detailing the revenues, expenses, and changes in net assets of an organization, typically used by nonprofits.