Because an Outsourced Function Is Not as Visible to the Employees

question 51

True/False

Because an outsourced function is not as visible to the employees as an in-house function,there may be issues of confidentiality.

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Definitions:

Liability

An economic obligation or debt owed by a company to others, typically other businesses or employees.

Contra-Asset

An account on a company's balance sheet that reduces the total value of assets, often used for accumulated depreciation or allowances for bad debts.

Perpetual Inventory

An inventory management system that records the sale or purchase of inventory immediately through the use of computerized systems.

Physical Inventory

A process of counting and valuing all the inventory that a business physically possesses at a particular point in time.