Which Statement Best Describes Outsourcing

question 15

Multiple Choice

 Which statement best describes outsourcing?

• A) An organization selling its products in a market outside its domestic market
• B) An organization's acquisition of goods and services from an outside source
• C) An organization setting up manufacturing and retailing facilities in a new country
• D) An organization's use of virtual teams with employees located in different countries

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Definitions:

Execution Phase

The stage in a project or process where the plans are put into action and the work required is performed.

Procurement

Procurement is the process of obtaining goods, services, or works from external sources, often through bidding or tender processes.

Identified Risks

Potential events or conditions that could negatively impact a project or business operation, which have been recognized and assessed for their impact and likelihood.

Project Risk

Potential events or conditions that can negatively impact the outcome of a project, including delays, cost overruns, and scope changes.