For the Past Several Years, FuturaCloud Hired a Firm in India

question 25

Multiple Choice

For the past several years, FuturaCloud hired a firm in India to handle its technical customer support. Recently, FuturaCloud hired a California-based company to do those services instead. This change is an example of _____.

• A)offshoring
• B)outsourcing
• C)inshoring
• D)insourcing
• E)offsourcing

Understand concepts of insurable interest and its impact on various parties in a transaction.

Analyze court rulings related to insurable interest and risk of loss.

Distinguish between different types of contracts and their implications on risk of loss and delivery obligations.

Interpret how risk of loss is determined and managed in sales transactions.

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Definitions:

Memory Strategies

Techniques used to enhance memory, including methods like visualization, chunking, and the use of mnemonic devices.

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Selective Attention

The focusing of conscious awareness on a particular stimulus while ignoring others, an important aspect of cognitive processing.

Intuitive Judgments

Decisions made based on one's instincts or gut feelings without the need for conscious reasoning or analysis.