What Is the First Step in Managing Outsourcing

question 54

Multiple Choice

What is the first step in managing outsourcing?

• A)cost-benefit analysis
• B)selecting the vendor
• C)negotiating the contract
• D)monitoring the arrangement

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Definitions:

Solve

To find the solution or answer to a problem or equation.

Set Notation

The formal language used to describe a set, including symbols and conventions for expressing membership, union, intersection, and other set properties.

Union

The set containing all elements from two or more given sets, without duplication.

Absolute Value

A mathematical function that measures the distance of a number from zero on the number line, disregarding direction; it's always non-negative.