Offshore Outsourcing Occurs When a Firm in Canada

question 54

Multiple Choice

Offshore outsourcing occurs when a firm in Canada

• A)hires foreign labour and produces in other countries.
• B)buys finished goods, components, or services from other firms in other countries.
• C)buys finished goods, components, or services from other firms in Canada.
• D)hires Canadian labour and produces in Canada.
• E)hires foreign workers who work in Canada.

---

Definitions:

Renunciation

The formal or explicit declaration that one refuses to carry out, or is withdrawing from, an agreement or obligation.

Termination

The act of ending something, such as a contract, employment, or agreement, either by mutual consent or unilaterally by one party.

Permanent Loss

A situation where an asset loses value indefinitely, often due to fundamental changes in its market or condition.

Specified Result

A defined outcome or objective that a project or plan is intended to achieve.