Which of the Following Is an Advantage of Offshoring

question 5

Multiple Choice

Which of the following is an advantage of offshoring?

• A) Hidden costs and risks are rarely involved in offshoring.
• B) U.S. firms can charge lower prices through offshoring.
• C) Offshoring is the best way to improve business agility.
• D) Information risks are low when offshoring services.
• E) Offshoring is the best way to increase customer responsiveness.

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Definitions:

Row Variable

A categorical variable used in tables to categorize subjects or data points based on a specific attribute.

Column Variable

A variable represented by a column in a data table, where each row entry under that column pertains to different observations or records.

Degrees of Freedom

Degrees of freedom refer to the number of values in a calculation which are free to vary without violating the constraints of the calculation.

Chi-Square

A statistical test used to determine if there is a significant difference between observed frequencies and expected frequencies in categorical datasets.