When a Company Will Reduce the Number of Projects They

question 109

Multiple Choice

When a company will reduce the number of projects they have to manage internally to only core projects and send noncritical projects to contractors and consulting firms this is called

• A) outsourcing.
• B) redistribution of projects.
• C) project allocation.
• D) task sharing.
• E) referring.

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Definitions:

Overhead Costs

Expenses related to the operation of a business that cannot be directly tied to a specific product or service, such as utilities or administrative salaries.

Cost of Goods Manufactured

This refers to the total production cost incurred by a company to manufacture products in a specific period, including materials, labor, and overhead costs.

Ending Inventory

The total value of all goods available for sale at the end of an accounting period.

Merchandising Company

A type of business that purchases products to resell them at a profit without changing their form.