____ Is the Business Practice of Searching for and Utilizing

question 138

Multiple Choice

____ is the business practice of searching for and utilizing goods sources from around the world.

• A) Global sourcing
• B) Offshoring
• C) Outsourcing
• D) World marketing

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Definitions:

Balance

The amount of money or value remaining in an account after accounting for debits and credits.

Income Summary

An account used in the closing process that summarizes the revenue and expenses for a specific accounting period.

Expenses Accounts

Accounts that track money spent or costs incurred in a company’s operations to generate revenue.

Rent Expense

The cost incurred for utilizing a property or equipment for business purposes, recognized as an expense in the accounting period it is incurred.