Robert's Company Contracted with an Outside Business to Provide Technical

question 84

Multiple Choice

Robert's company contracted with an outside business to provide technical and computer support.This is an example of ________.

• A)restructuring the whole organization
• B)downsizing
• C)employee empowerment
• D)outsourcing

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Definitions:

Income Earners

Individuals or entities that receive income through wages, salaries, investments, or other forms of financial gain.

Poverty Line

The minimum level of income deemed necessary to achieve an adequate standard of living in a given country.

Invisible Hand

A metaphor introduced by Adam Smith to describe how an individual's pursuit of self-interest in a free-market economy inadvertently benefits society as a whole.

Allocation of Resources

The process of allocating resources among competing uses or projects in order to achieve desired outcomes.