What Is Turning to Outsiders to Provide Goods and Services

question 40

Multiple Choice

What is turning to outsiders to provide goods and services that were formerly produced or handled internally known as?

• A) outsourcing
• B) supplier sourcing
• C) supply-chain management
• D) external buying

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Definitions:

Stare Decisis

A legal principle that obligates courts to follow the precedents set by previous decisions in similar cases.

Jurisprudence

The study or theory of law aimed at understanding the origins, principles, and structures of legal systems and their impact on society.

Universal Truths

Fundamental concepts or facts that are considered true and apply in all situations and cultures.

Equitable Remedy

Legal remedies typically ordered by courts, such as injunctions or specific performance, that are based on fairness rather than strict legal rules.