Which of the Following Is/are the Benefits of Outsourcing

question 2

Multiple Choice

Which of the following is/are the benefits of outsourcing?

• A) Cost saving
• B) Corporate growth
• C) Increase in productivity and revenue growth
• D) All of these are correct

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Definitions:

Prepaid Expenses

Payments made in advance for goods or services that will be used in the future, recorded as assets on the balance sheet until they are consumed.

Accrued Salaries

Salaries that have been incurred (earned by employees) but not yet paid by the employer.

Estimated Depreciation

The projection of an asset’s decrease in value over time due to wear and use, used for accounting and tax purposes.

Fees Collected

Revenue generated from charging for services provided, professional services, or through administrative fees.