What Is Offshoring

question 50

Multiple Choice

What is offshoring?

• A)Production outsourced to third-party service providers at home
• B)Production outsourced to third-party providers abroad
• C)A situation where a company decides to sell its services to international customers
• D)A situation where company that decides to buy services from international suppliers

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Definitions:

Contracts

Legal agreements between two or more parties that create mutual obligations enforceable by law.

Information

A written accusation of crime brought by a public prosecuting officer to a court without the intervention of a grand jury.

Voidable Contract

A legally enforceable agreement that may be declared void at the option of one of the parties due to certain defects or circumstances.

Executory

Not yet executed; not yet fully performed, completed, fulfilled, or carried out; to be performed wholly or in part.