A Virtual Organization Is an Organization That Outsources Noncore Business

question 83

True/False

A virtual organization is an organization that outsources noncore business activities to outside companies, suppliers, specialists, or consultants.

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Definitions:

Enforceable

Refers to a legal agreement or obligation that can be legally imposed or upheld by a court.

Enforceable

Capable of being imposed or carried out by legal process or by force if necessary, referring to laws, rules, agreements, or orders.

Investment

The allocation of resources, often money, in assets or projects with the expectation of generating income or profit.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities, aiming to generate profits.