Which of the Following Is TRUE with Regard to Offshoring

question 106

Multiple Choice

Which of the following is TRUE with regard to offshoring?

• A) Offshoring is common in the service sector, including banking, software code writing, legal services, and customer-service activities.
• B) Russia is the current leader in the processing of advanced economies' relocated business services.
• C) Offshoring substantially reduces the overall efficiency of MNEs.
• D) With rapid globalization and internationalization of businesses, offshoring is a visibly declining trend.

---

Definitions:

Measurement Principle

A fundamental accounting principle that dictates how transactions should be recorded based on their actual cost in financial statements.

Fair Value

The estimated market price of an asset or liability, reflecting the amount at which it could be bought or sold in a current transaction between willing parties.

Relevant Information

Relevant information comprises data that is applicable and helpful in making decisions, particularly in the context of financial and managerial accounting.