Which of the Following Is a Reason for Outsourcing

question 59

Multiple Choice

Which of the following is a reason for outsourcing?

• A)It can reduce time to market.
• B)It can increase the revenue potential of the organization.
• C)It may be cost- effective.
• D)All of the above.

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Definitions:

Efficient Retention

The ability to effectively and accurately remember and recall information over periods of time.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I-knew-it-all-along" effect.

Placebo Effect

A phenomenon where an improvement in health or wellbeing is observed after receiving a treatment that has no therapeutic value, due to the individual's belief in its efficacy.

Illusory Correlation

refers to the cognitive bias where a relationship between two variables is perceived to exist when no such relationship actually exists.