The Practice of Having Another Company Provide Services Is Known

question 55

Multiple Choice

The practice of having another company provide services is known as

• A) benchmarking.
• B) downsizing.
• C) codetermining.
• D) outsourcing.
• E) reengineering.

---

Definitions:

Economic Expansion

A phase of the business cycle where the economy grows and experiences increased levels of production, employment, and consumer spending.

Stagflation

A situation in an economy where inflation rates are high while economic growth rate slows down and unemployment remains steadily high.

Recession

A span of brief economic recession where business and industrial output slows down, often evidenced by a drop in Gross Domestic Product across two successive three-month periods.

Recessions

Periods marked by momentary economic downturns with lesser trade and industrial operations, typically recognized by GDP reductions in two continuous quarters.