With the Use of ________,A Company Hires an Outside Organization

question 59

Multiple Choice

With the use of ________,a company hires an outside organization to handle all or part of its data processing services.

• A)Turnkey system
• B)Gantt chart
• C)Slack time
• D)Outsourcing

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Definitions:

Outside Supplier

An outside supplier is an external entity that provides goods or services to a company, not tied by corporate affiliation.

Unit Product Cost

The total cost to produce one unit of a product, including direct materials, direct labor, and overhead.

Make or Buy

Decision-making process used by firms to choose between manufacturing a product in-house or purchasing it from an external supplier.

Relevant Decision

A decision-making process that involves choosing among various options based on their potential impact on key business outcomes.