The Buying of Products or Services from a Third Party

question 65

Multiple Choice

The buying of products or services from a third party to manage a firm's functions is known as

• A)asset efficiency.
• B)diversification of supplies.
• C)importing.
• D)outsourcing.

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Definitions:

Self-Referent Encoding

The process of relating new information to personally relevant information during the memory storage process, enhancing recall.

Visual Image

A mental representation of an object, scene, or face that can be recalled or imagined in the absence of the physical presence of it.

Sensory Memory

The shortest-term element of memory, it is the ability to retain impressions of sensory information after the original stimuli have ended.

Long-Term Memory

The aspect of our memory system that is capable of storing a vast amount of information for periods ranging from minutes to a lifetime.