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:

Aggregate-Demand Curve

A graphical representation that shows the total amount of goods and services demanded across all levels of the economy at different price levels.

Investment Spending

Expenditures on capital goods by firms and governments that are intended to increase productive capacity in the future.

Economic Uncertainty

Economic uncertainty involves unpredictable changes in the economic environment that can affect decision making, investments, and economic outcomes.

Price Level

Price level is the average of current prices across the entire spectrum of goods and services produced in the economy.