What Is It Called When a Company Uses Organizations from Developing

question 52

Multiple Choice

What is it called when a company uses organizations from developing countries to write code and develop systems?

• A) In-sourcing
• B) Outsourcing
• C) Business process outsourcing
• D) Offshore outsourcing

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Definitions:

Economic Growth

An increase in the production of economic goods and services, compared from one period of time to another.

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) to make something for consumption.

Black Plague

A devastating global epidemic of bubonic plague that struck Europe and Asia in the mid-1300s, significantly reducing the world's population.

Production Possibilities Curves

A visual depiction that illustrates the highest possible mix of products and services achievable with a set amount of resources.