Answering Yes to Which of the Following Questions Should Be

question 82

Multiple Choice

Answering yes to which of the following questions should be considered by managers as a reason to offshore?

• A) Is cost the competitive advantage of the organization's products?
• B) Is the business in its early stages?
• C) Can production savings be achieved locally?
• D) Can the efficiency of the supply chain be improved?
• E) Answering yes to any or all of these would be considered by managers as reason to offshore.

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Definitions:

Retrospectively

Looking back at past events or situations, often to reevaluate or analyze them with current knowledge.

Prospectively

Referring to or dealing with events in the future, often in the context of financial planning or forecasting.

Extraordinary Gain

A gain that arises from events or transactions that are distinct and infrequent in nature, not expected to recur regularly.

Provision For Inventories

An accounting practice where a reserve is made for potential decreases in the value of a company’s inventory.