Which of the Following Statements Best Describes Business Process Outsourcing

question 14

Multiple Choice

Which of the following statements best describes business process outsourcing?

• A)A company focuses on its core business processes and contracts with another firm to do the other processes
• B)Companies frequently outsource core business processes
• C)Due to networked enterprises and advanced technology, more employees may work from their homes or alternate locations
• D)Companies engaged in business process outsourcing to offer employees more opportunities to travel and more career choices for advancement

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Definitions:

Prepaid Insurance

An asset account that represents insurance payments made in advance for coverage extending over future periods.

Unearned Revenue

Funds paid to a company for products or services that are still to be provided or executed.

Income Statement

A financial statement that displays a company's revenues, expenses, and net income over a specific period, demonstrating the financial performance of the business.

Net Loss

Net loss occurs when a company's expenses exceed its revenues during a specific accounting period, indicating financial loss.