As a Type of Outsourcing, _____ Is When a Company

question 76

Multiple Choice

As a type of outsourcing, _____ is when a company buys major components from independent suppliers overseas.

• A)domestic in-house sourcing
• B)offshore subsidiary sourcing
• C)a domestic purchasing arrangement
• D)offshore outsourcing (offshore sourcing)
• E)export management company

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Definitions:

GAAP or IFRS

Standards and principles that provide the framework for financial accounting and reporting, with GAAP used in the United States and IFRS internationally.

Objectivity and Verifiability

Accounting principles emphasizing the importance of unbiased financial information and the ability to confirm the accuracy of this data.

Just-In-Time (JIT)

A manufacturing strategy that aims to reduce inventory levels and increase efficiency by producing products only as they are needed.

Defects Tolerated

The acceptable number or percentage of defects or errors allowed in a production or manufacturing process.