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:

Big Business

Large-scale or major corporations and enterprises that have significant influence on the economy, often with considerable power and resources.

Debt

A sum of money that is owed or due.

Thrift

The practice of saving money and spending it wisely, often associated with frugal living.

Reconstruction Finance Corporation

Federal program established in 1932 under President Herbert Hoover to loan money to banks and other institutions to help them avert bankruptcy.