What Is It Called When a Company Uses Organizations from Developing

question 51

Multiple Choice

What is it called when a company uses organizations from developing countries to write code and develop systems?

• A)in-sourcing
• B)outsourcing
• C)business process outsourcing
• D)offshore outsourcing

Recognize the role of financial analysis, including ratio analysis, in business decision-making.

Understand the principles of accounting systems and their importance in business management.

Identify the significance of separating personal and business finances.

Grasp the basic concepts and terminology of accounting and financial management.

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Definitions:

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Average Operating Assets

The average value of the assets used in day-to-day operations over a certain period, important for determining return on investment and operational efficiency.

Operating Expenses

Costs related to the normal operations of a business, excluding costs of goods sold, such as sales and marketing expenses.

Average Operating Assets

The average value of assets used in the production or operations of a company over a specific period, often used in performance metrics like return on investment.