The Relocation of a Business Process or Entire Manufacturing Facility

question 100

Multiple Choice

The relocation of a business process or entire manufacturing facility to a foreign country is known as ________.

• A) offshoring
• B) captive sourcing
• C) outsourcing
• D) subsidizing

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Definitions:

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Supplies

Materials or items used in the operation of a business or needed in the process of providing a service or making goods.

Accounts Payable

Liabilities owed by a company to its creditors for goods or services that have been delivered or used but not yet paid for.

Balance Sheet

A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving insight into its financial health.