Outsourcing Leads to

question 38

Multiple Choice

Outsourcing leads to

• A)Increases in total output,but with temporary job losses for some domestic workers.
• B)Increases in total output,but with permanent job losses for some domestic workers.
• C)Decreases in total output,but with no changes in the number of domestic jobs available.
• D)Decreases in total output,along with permanent job losses for some domestic workers.

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Definitions:

Approves Purchases

Refers to the process or authority given to certain individuals or systems to validate and authorize the acquisition of goods or services for a business or organization.

Journal Entries

The basic record-keeping of a company's financial transactions, recorded in the chronological order.

Paid Voucher File

A collection of documents that record and confirm the payments made by a business, often including purchase orders, receipts, and payment advice.

Creditor's Name

The name of the individual or entity that is owed money by a debtor for provided goods, services, or loans.