Which of the Following Is the Best Description of Outsourcing

question 74

Short Answer

Which of the following is the best description of outsourcing?
Any activity that adds value to some input by transforming it into an output for an internal or external customer
An approach by which firms move away from department-oriented organization and toward process-oriented team structures that cut across old departmental boundaries
The strategy of paying suppliers and distributors to perform certain business processes or to provide needed materials and resources
The strategy of using the internet and word-of-mouth marketing to spread product information
The strategy of owning the means by which an organization produces goods or services

Grasp the concepts of direct materials, direct labor, prime costs, and conversion costs in manufacturing.

Learn about the impact of fixed, variable, and period costs on manufacturing expenses.

Understand and differentiate between major motivational theories, including Maslow's hierarchy of needs, Herzberg's motivation-maintenance theory, and McGregor's Theory X and Theory Y.

Identify factors that contribute to job satisfaction and motivation according to Herzberg's theory.

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Definitions:

Miniature Version

A smaller representation or model of something, maintaining the same features and characteristics as the original.

Document

A written, drawn, presented, or recorded representation of thoughts, ideas, or information, designed to communicate and store knowledge.

Summary

A concise restatement of the main points of a text or speech, often used to provide a quick overview.

Augmented Reality

An enhanced version of reality created by the use of technology to overlay digital information on an image of something being viewed through a device.