Obtaining a Good or Service from an External Supplier, Often

question 5

Multiple Choice

Obtaining a good or service from an external supplier, often in international markets, is known as _____.

• A) insourcing
• B) rightsizing
• C) outsourcing
• D) homeshoring

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Definitions:

Congress

The national legislative body of the United States, consisting of the House of Representatives and the Senate, responsible for making federal laws.

Legislation

Laws or statutes that have been enacted by a legislative body such as a parliament or congress.

Enumerated Powers

These are specific powers granted to the Congress by the United States Constitution, including the ability to tax, to declare war, and to regulate interstate and foreign commerce.

National Government

The political authority that controls and administers the public policy and affairs of a nation state.