Which of the Following Describes the Activity of a Firm

question 318

Multiple Choice

Which of the following describes the activity of a firm that assigns specific functions, such as accounting or legal work, to other organizations rather than performing these functions themselves?

• A) functional sharing
• B) outsourcing
• C) benchmarking
• D) virtual distribution

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Definitions:

Highway Tolls

Charges payable for the use of a particular stretch of highway, often collected to fund road maintenance and improvements.

Economic Shifts

Changes in the structure or performance of an economy, often marked by periods of growth or decline, technological innovation, or shifts in consumer behavior.

General Motors

An American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Sheet Music

Sheet music is a written representation of music, using musical symbols and notes on staves, which musicians read to perform pieces.