When an Outsourcing Decision Refers to the Components of a Manufacturing

question 167

Multiple Choice

When an outsourcing decision refers to the components of a manufacturing product, it is commonly called

• A)unit outsourcing.
• B)make-or-buy decision.
• C)transfer of ownership decision.
• D)Lean manufacturing.

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Definitions:

Stakeholder Social Responsibility

An organizational approach that considers the impacts of its decisions and activities on all stakeholders, including employees, customers, communities, and the environment.

Managerial Policies

Guidelines, rules, and procedures set by management to govern actions and decision-making within an organization, aiming to achieve its objectives efficiently.

Whistleblowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization by someone who is a part of that organization.

Leadership

The ability to influence others to work toward the goals of an organization.