Offshoring Is Defined As

question 86

Multiple Choice

Offshoring is defined as:

• A) a practice of having another company provide services.
• B) moving operations from the country where a company is headquartered to a country where pay rates are lower but the necessary skills are available.
• C) a method of staffing other than the traditional hiring of full-time employees.
• D) a complete review of the organization's critical work processes to make them more efficient and able to deliver higher quality of products and services.
• E) the act of acquiring a new company in a distant location or another country in order to acquire higher market share or growth.

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Definitions:

Federal Law

Legislation created by the national government of a country, applicable to all its constituents.

Consideration

Something of value exchanged between parties in a contract, serving as the incentive or reason for each party to enter into the agreement.

Under Seal

A legal term indicating that a document or agreement is officially secured, confidential, and may have legal implications if opened or disclosed improperly.

Uniform Commercial Code (UCC)

A comprehensive set of laws governing commercial transactions in the United States, designed to standardize legislation across states.