The Decision About Whether a Firm Should Make or Buy

question 60

True/False

The decision about whether a firm should make or buy the component parts that go into the final product is referred to as a sourcing decision.

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Definitions:

Card-Skimming Device

A device illegally installed on card readers to intercept and steal card information.

Magnetic Strips

Strips of magnetic material often used on credit cards and identification cards to store data digitally for swipe access or transactions.

Homeowners' Insurance

A form of property insurance that covers losses and damages to an individual's house and assets in the home.

Hazards

Potential sources of danger or harm to health, safety, or the environment.