Which of the Following Is an Advantage of Offshore Outsourcing

question 336

Multiple Choice

Which of the following is an advantage of offshore outsourcing?

• A) Companies can create efficiencies by hiring low-wage employees.
• B) Wages increase in the home country.
• C) Product quality improves permitting firms to charge more for their products.
• D) Communication between the company and its customers improves.

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Definitions:

P-value

A measure in statistics that helps determine the significance of results, indicating the probability of observing the given result by chance if the null hypothesis is true.

F-to-enter

A criterion used in multiple regression analysis to decide at which level a new variable should be included in the model.

Residuals Plots

Graphs used to visualize the residuals of a data set against predicted values, helping to assess the fit of a model.

Analysis of Variance

A statistical method used to test differences between two or more means.