Based on a Recent Survey,91% of Large Companies and 80

question 6

Multiple Choice

Based on a recent survey,91% of large companies and 80% of midsized companies say that ______ one or more HR functions provides "real value."

• A) outsourcing
• B) insourcing
• C) eliminating
• D) redesigning

---

Definitions:

Novation

The act of replacing an old obligation with a new one, thereby extinguishing the original obligation.

Privity of Contract Rule

A legal principle stating that only parties involved in the creation of a contract can sue or be sued under the terms of that contract.

Statutory Assignment

A legal transfer of a right from one party to another, made under and governed by statutory law.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money either on demand or at a set time.