Which of the Following Is the Assignment of Various Functions-Such

question 60

Multiple Choice

Which of the following is the assignment of various functions-such as human resource management, accounting, or legal work-to outside companies?

• A) outsourcing
• B) contingency workers
• C) organizational reassignment
• D) functional reassignment

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Definitions:

Perfection

A legal process that gives a secured creditor priority over claims from other creditors regarding a debtor's asset.

Collateral

Assets pledged by a borrower to secure a loan or other credit, which can be seized by the lender if the borrower defaults.

Secured Party

An individual or entity holding an interest in a secured transaction as security for performance obligation, typically involving collateral.

Attachment

A legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.