Which of the Following Best Explains the Concept of 'Onshoring

question 22

Multiple Choice

Which of the following best explains the concept of 'onshoring'? 

• A) Transferring activities that were previously conducted in-house, to a third party in the same country as the customer organization. 
• B) Transferring activities that were previously conducted in-house, to a provider in a low-cost country. 
• C) Transferring activities that were previously externally, to another third party. 
• D) Transferring activities from one section of the organization to another.

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Definitions:

Delivery Truck

A vehicle used by businesses primarily for transporting goods to customers or between locations.

Gain or Loss

The financial result calculated as the difference between sale proceeds and the original cost of an asset.

Fully Depreciated

An asset's book value is reduced to zero, through depreciation, over its useful life, reflecting that it has no remaining unallocated cost.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired, reducing its book value.