Which of the Following Best Describes Outsourcing

question 36

Multiple Choice

Which of the following best describes outsourcing?

• A) It refers to contracting with another organization to perform a broad set of services.
• B) It refers to finding cheap resources in another country to gain a competitive advantage.
• C) It refers to using a temporary or contract employee to fill a single job vacancy.
• D) It refers to buying the necessary raw materials needed to conduct business from external suppliers.
• E) It refers to moving operations away from the home location to increase cost savings.

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Definitions:

Sustainability Doctrine

A set of principles focusing on meeting current needs without compromising the ability of future generations to meet theirs, especially regarding environmental conservation.

Corporate Philosophy

The fundamental beliefs, ethics, and values that guide a company's business strategies, decision-making processes, and interactions with stakeholders.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.

Code of Ethics

A document that outlines a set of principles that guide the behavior and decision-making of members within an organization.