________ Is Not a Reason for Outsourcing Services

question 3

Multiple Choice

________ is not a reason for outsourcing services.

• A) Leveraging benefits from a supplier
• B) Allowing the firm to focus on core competence
• C) Providing access to latest technology
• D) None of the above

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor directly tied to product creation.

Operating Activities

Transactions and events related to the core business functions, including revenue and expense activities that affect net income on the income statement.

Direct Method

A method for creating the cash flow statement by directly listing the actual cash flows associated with operating activities.

Operating Activities

Business actions that are involved in the day-to-day functions of producing goods, offering services, and other core operations.