Outsourcing Is the Process of Subcontracting to a Third Party

question 74

True/False

Outsourcing is the process of subcontracting to a third party in another country to provide supplies or services that were previously obtained internally.

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Definitions:

Automating

The process of implementing systems and technology to perform tasks without human intervention, often to improve efficiency and accuracy.

Operating Expenses

Costs incurred in the regular functioning of a business, excluding direct production costs; these may include rent, utilities, and administrative salaries.

Sales Revenues

Income earned by a company from its sales of goods or services, before any deductions.

Annual Depreciation

The annual expense taken for a fixed asset, representing a fraction of its cost spread over its lifespan.