What Is the Practice of Moving a Business Process to a Foreign

question 44

Multiple Choice

What is the practice of moving a business process to a foreign country but retaining control of it?

• A) exporting
• B) farshoring
• C) offshoring
• D) outsourcing
• E) backsourcing

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Definitions:

Correcting Entries

Modifications applied to bookkeeping entries to correct mistakes or oversights.

Sales Revenue

Earnings accrued from the transactions of goods or services within a set period.

Inventory

A company's assets that are ready for sale or will be ready after processing.

Perpetual Inventory System

An inventory management system where records are updated on a continuous basis as inventory items are purchased and sold.