A ________ Subcontracts Part of a Project to Outside Suppliers

question 20

Multiple Choice

A ________ subcontracts part of a project to outside suppliers.

• A)virtual organization
• B)boundary organization
• C)matrix structure
• D)network organization

Identify the procedures for transferring business ownership in a sole proprietorship.

Recognize the tax implications for sole proprietors and how a sole proprietorship is affected upon the owner's death.

Understand the legal framework governing the termination of franchise agreements.

Comprehend the potential liabilities for franchisors regarding the actions of their franchisees.

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Definitions:

Truckload (TL)

Freight shipping method where a truck is filled with goods for one destination or customer, as opposed to sharing space with goods from other shippers.

Global Supply Chains

Networks that span across international borders designed to source and supply materials and products, taking advantage of global efficiencies in the delivery of goods and services.

Logistics Technology Systems

Integrated software and hardware solutions designed to optimize the management of the flow of goods from origin to consumption.

FOB Point

A shipping term indicating the point at which the ownership and risk related to goods are transferred from seller to buyer, defined in terms of location.