Creating a Local Presence While Leveraging Talented Workers in Another

question 96

True/False

Creating a local presence while leveraging talented workers in another region of the world is one motivation for selecting an offshoring strategy to meet human resource needs.

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Definitions:

Return On Investment

A measure used to evaluate the performance of an investment by dividing the net profit by the initial cost of the investment.

Cost Variance

The difference between the estimated cost of a project or operation and the actual cost incurred.

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, and monitor performance against strategic goals.

Not-for-profit

Organizations that operate without the primary goal of financial profit, often focusing on social, educational, or humanitarian objectives.