________ Is Work That Is Done for a Company by People

question 28

Multiple Choice

________ is work that is done for a company by people other than the company's full-time employees.

• A) Ability enhancement
• B) Productivity subcontracting
• C) Capacity enhancement
• D) Outsourcing
• E) Insourcing

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Definitions:

Inventory Period

The average number of days that a company holds its inventory before selling it, indicating the efficiency of its inventory management.

Accounts Receivable Period

The average number of days it takes for a business to receive payments from its customers for goods or services sold on credit.

Cash Cycle

The time period between the outlay of cash for materials or inventory purchase and the receiving of cash from customer sales, critical for understanding a company's liquidity and management efficiency.

Short-term Financial Planning

The process of identifying a company's immediate financial needs and devising strategies to meet those needs within a year or less.