Complete the Following Using the Terms Listed Below

question 17

Multiple Choice

Complete the following using the terms listed below:
-Using outside specialists to perform functions previously performed by company employees is called ______.

• A)job enlargement
• B)360-degree performance review
• C)collective bargaining
• D)Theory Y
• E)downsizing
• F)outsourcing
• G)flexible work plans
• H)grievance
• I)wage
• J)human resource management
• K)performance appraisal
• L)employee separation
• M)lockout
• N)arbitration

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Definitions:

Incremental Cost Approach

A decision-making process that focuses on the changes in total cost due to a change in activity or a decision.

Payback Period

The length of time required to recover the cost of an investment, calculated by dividing the initial investment by the annual cash inflow.

Discount Rate

The interest rate applied in determining the current valuation of future cash flows via discounted cash flow analysis.

Annual Cash Operating Costs

Annual Cash Operating Costs represent the total amount of money a business spends on operating activities during a year, excluding non-cash expenses.