Networked Enterprises and Globalization Have Enabled a New Business Model

question 27

Multiple Choice

Networked enterprises and globalization have enabled a new business model called "business-without-boundaries." Which of the following statements describes this business model?

• A)Companies no longer have all of their employees in one location
• B)It is called offshoring and companies contract with firms in other countries to do such business processes as human resources, payroll, and accounting
• C)Companies are under a great deal of scrutiny to manage costs and generate revenue so they contract with foreign firms to do various business processes at a lower cost to the company
• D)all of the above statements describe this model

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Definitions:

Assets

Economic resources held by an enterprise, capable of delivering future gains.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered or used but not yet paid for.

Buildings

Real estate structures used for residential, commercial, or industrial purposes.

Accounting Process

A systematic method of recording, summarizing, and reporting a company's financial transactions.