Which of the Following Best Explains the Concept of 'Partial

question 7

Multiple Choice

Which of the following best explains the concept of 'partial outsourcing'? 

• A) Transferring part of an integrated function previously conducted in-house, to a third party. 
• B) Transferring activities to a third party. 
• 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:

Straight-line Method

A method of calculating depreciation and amortization by evenly distributing the cost of an asset over its useful life.

Salvage Value

The projected value at which an asset can be sold after its period of usefulness, utilized in the computation of depreciation costs.

Depreciated

The reduction in value of an asset over time due to wear and tear, age, or obsolescence, commonly used in accounting to allocate the cost of an asset over its useful life.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.