Which Statement Best Reflects the Current View on the Efficacy

question 1

Multiple Choice

Which statement best reflects the current view on the efficacy of offshoring as a cost reduction measure?

• A)While organizations can save with this practice,hidden costs,such as productivity loss during the transition,can chew up much of the financial gains.
• B)The practice of offshoring has been one of the most positive HR trends of the last ten years.
• C)The continuous shifting of global economies makes offshoring a necessary function for organizations to survive.
• D)Offshoring only works if top managers begin early in the process to plan their key strategies,such as alternative talent pools and workforce training.

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Definitions:

Empirical Rules

A statistical rule stating that for a normal distribution, nearly all data will fall within three standard deviations of the mean.

Interquartile Range

A measure of variability, calculated as the difference between the third (75th percentile) and first quartile (25th percentile), that indicates the middle 50% of the data.

Midrange

The statistical measure calculated as the mean of the highest and lowest values in a data set, providing a simple estimation of the data’s central tendency.

Arithmetic Mean

The average of a set of numerical values, calculated by adding them together and then dividing by the number of values.