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The Terms Outsourcing and Offshoring Are the Same Thing

question 71

True/False

The terms outsourcing and offshoring are the same thing.


Definitions:

Minimum Wage

The lowest legal hourly pay that employers can pay workers, set by government law.

President Obama

Barack Obama served as the 44th President of the United States from 2009 to 2017, making history as the first African American to hold this office.

Labor Market

The marketplace in which employers find workers and workers find jobs, characterized by supply and demand for labor.

Firms Lay Off

A situation in which companies reduce their workforce due to financial constraints, lack of work, or restructuring processes.

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