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A trial balance may prove that debits and credits are equal, but
Make-Or-Buy Decision
The strategic choice between producing a good or service internally or purchasing it from an external supplier.
Operational Risk
A measure of a firm’s inability to document the work remote employees do, describe the different situations they might face, and direct their responses in each scenario.
Outsourcing Vendor
A third-party company that provides services or performs tasks that a company might otherwise have done in-house, often to save costs or access specialized expertise.
Insourcing
The practice of using an organization's internal resources to complete tasks or projects that could be outsourced to external providers.
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