When a Company Moves Its Production to Another Country It

question 59

Multiple Choice

When a company moves its production to another country it is known as

• A)nearsourcing.
• B)insourcing.
• C)offshoring.
• D)onboarding.

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Definitions:

Long-Lived Asset

Assets of a company that provide value for more than one fiscal year, such as buildings, machinery, and equipment.

Capitalized

The process of recording a cost as an asset, rather than an expense, enabling the cost to be expensed over the useful life of the asset rather than immediately at the time of purchase.

Architectural Fees

These are fees charged by architects for the design, planning, and oversight of a construction project.

Building Cost

The total expenses incurred to construct a building, including materials, labor, and other direct and indirect costs.