Why Is It Important to Outsource Transactional Work

question 54

Multiple Choice

Why is it important to outsource transactional work?

• A) Because it adds value to non-core activities.
• B) Because it frees up management's time.
• C) Because it reduces transaction time.
• D) Because it is repetitive, predictable, and easily duplicated.

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Definitions:

Financial Debt

Money owed by an individual or organization to another party, typically as loans or credit.

Retirement Accounts

Financial accounts specifically designed for saving and investing money for retirement, offering tax benefits and growth potential.

Gym Membership

A paid subscription to a facility providing access to exercise equipment, classes, and other fitness-related services.

Monthly Expenses

Recurring costs or bills that need to be paid every month, often including housing, utilities, food, and transportation.