The Effects of Offshoring from Opening Up Call Centres in India

question 11

Multiple Choice

The effects of offshoring from opening up call centres in India are similar to the effects from

• A)free trade.
• B)tariffs.
• C)import quota.
• D)voluntary export restraints.
• E)export subsidies.

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Definitions:

Accounting System

A structured process of collecting, recording, summarizing, and reporting financial transactions of a business or individual.

Accrual Basis of Accounting

An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transactions occur.

Cash Basis

An accounting method where revenue is recorded when cash is received, and expenses are recorded when cash is paid out.

Adjusting Entries

Journal entries made at the end of an accounting period to update account balances for accruals and deferrals that are not recorded through regular transactions.