A Virtual Organization Is an Organization That Outsources Noncore Business

question 83

True/False

A virtual organization is an organization that outsources noncore business activities to outside companies, suppliers, specialists, or consultants.

---

Definitions:

Federal Budget Surplus

A situation in which the government's revenue exceeds its expenditures during a fiscal year.

Conservatives

A political and social philosophy that advocates for preserving traditional institutions, values, and practices, emphasizing stability and continuity.

MPC

Marginal Propensity to Consume, which represents the proportion of an increase in income that gets spent on consumption instead of being saved.

Investment Spending

Expenditures on new physical assets like buildings, machinery, and equipment, contributing to future production capacity.