Activities Easily Outsourced by Small Businesses Include

question 62

Multiple Choice

Activities easily outsourced by small businesses include

• A) payroll administration.
• B) research and development.
• C) quality control.
• D) top-level decision making.

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Definitions:

Exclusion

The act of preventing certain groups or individuals from participating or being included within an activity, process, or benefit.

Inclusion

The practice or policy of providing equal access to opportunities and resources for people who might otherwise be excluded or marginalized.

Monopsonist

A market condition where there is only one buyer for a particular product or service, giving the buyer significant control over prices.

Labor Market

The supply and demand for workers, in which employers seek to hire labor and workers find employment. The labor market dynamics influence wages and employment levels.