Outsourcing Is the Process of Hiring Another Organization to Perform

question 98

True/False

Outsourcing is the process of hiring another organization to perform a service.

---

Definitions:

Arbitration

A form of alternative dispute resolution where a neutral third party makes a binding decision to resolve a dispute outside of court.

Supreme Court

The highest judicial court in a country or state, typically having the ultimate authority in interpreting laws and the constitution.

Binding Agreement

A legally enforceable contract between two or more parties.

Settlement Agreement

A legally binding contract between parties that resolves a dispute and outlines the terms of the settlement.