When Managers Hire Contract Employees Who Are Not Regular Employees

question 24

Multiple Choice

When managers hire contract employees who are not regular employees of their organization to produce goods and services, it is known as

• A)open sourcing.
• B)downsizing.
• C)outsourcing.
• D)job specification.

---

Definitions:

Multiple Regression

The use of several influencing variables in statistics to project the output of a specific response variable.

Prediction

Prediction involves the use of statistics or models to forecast future events based on current or past data.

Extrapolation

The process of estimating beyond the original observation range, based on the trend of the data.

Multiple Linear Regression Analysis

It is a statistical technique that uses several explanatory variables to predict the outcome of a response variable.