What Is It Called When a Company Uses Organizations from Developing

question 52

Multiple Choice

What is it called when a company uses organizations from developing countries to write code and develop systems?

• A) In-sourcing
• B) Outsourcing
• C) Business process outsourcing
• D) Offshore outsourcing

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Definitions:

Standard

Accepted criteria or expected specifications established as a model for measuring quality, performance, or compliance.

Budgeted

The process of creating a plan for a company's spendings and incomes over a specific period, typically including projected revenues, expenses, and net income.

Direct Labor Time Variance

The difference between the actual hours worked and the standard hours allowed for the work done, multiplied by the standard labor rate.

Direct Labor

The cost of wages for employees who directly manufacture or produce goods.