Hugh & Co,a Manufacturer of Widgets,has Entered into a Contract with a with a Third

question 27

Multiple Choice

Hugh & Co.,a manufacturer of widgets,has entered into a contract with a third party to perform a few functions of its supply chain management.Hugh & Co.can be said to be engaged in:

• A) offshoring.
• B) consolidation.
• C) licensing.
• D) merger.
• E) outsourcing.

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Definitions:

Explanatory Style

A psychological attribute that indicates how people explain to themselves their experiences, particularly the causes of events.

External Locus of Control

The belief that one's success or failure results from external forces beyond one's control.

Internal Locus of Control

The belief that one can control their own destiny and that outcomes are the result of individual actions rather than external forces.

Bandura's Theory

Developed by Albert Bandura, this theory emphasizes the importance of observational learning, imitation, and modeling in behavior.