The Subcontracting or Contracting Out of Activities to External Organizations

question 54

Multiple Choice

The subcontracting or contracting out of activities to external organizations that had previously been performed by a firm is called _____.

• A) homesourcing
• B) insourcing
• C) offshoring
• D) outsourcing

Recognize the use of restriction enzymes and their relevance in genetic engineering.

Understand the role and production of cDNA in genetic studies and its advantages over genomic DNA.

Comprehend the process and significance of reverse transcription in creating cDNA from RNA.

Know the concept of an organism’s genome and its comprehensive genetic composition.

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of a business.

Fixed Assets

Tangible assets, such as property, plant, and equipment, used in the operating activities of a business and not intended for sale in the normal course of business.

Indirect Method

A way of calculating cash flows for the cash flow statement where net income is adjusted for changes in balance sheet accounts to reflect cash operations.

Statement of Cash Flows

A financial statement showing the cash inflows and outflows from operating, investing, and financing activities over a specific period.