When Companies Take Over Functional Operations of Other Firms, Such

question 53

Multiple Choice

When companies take over functional operations of other firms, such as human resources, information systems, payroll, accounting, or customer service, this is called

• A) marketing.
• B) outsourcing.
• C) licensing.
• D) franchising.
• E) divestiture.

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Definitions:

Wrongful

Referring to actions or conduct that are unjust, improper, or illegal.

Term Partnership

An agreement between partners to establish a partnership for a specific duration or until the completion of a particular project.

Debtor In Bankruptcy

An individual or entity that has declared bankruptcy, initiating a legal process to address and discharge debts under protection from creditors.

Doctrine Of Marshaling

A principle that ensures fair treatment of multiple creditors by prioritizing their claims on a debtor's assets.