Organizations Secure a Range of Services and Supplies from Independent

question 27

Multiple Choice

Organizations secure a range of services and supplies from independent, external vendors by:

• A)doing a job analysis
• B)outsourcing
• C)engaging in employment-at-will
• D)having joint ventures
• E)partnering

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Definitions:

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, often issued by banks.

Opportunity Costs

The value of the best alternative that must be foregone as a result of choosing a particular option.

Forgoing

The act of giving up something, typically as a sacrifice or in order to choose another option.

Activity

The engagement in tasks or actions aimed at achieving a certain objective or result.