A Likely Reason for Modern Outsourcing Is the Lower Cost

question 131

True/False

A likely reason for modern outsourcing is the lower cost of labor in another country.

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Definitions:

Yankee Bond

A bond issued by a foreign entity in the United States, denominated in U.S. dollars.

Denominated

Refers to the currency in which a financial obligation or asset is expressed or required to be settled.

Australian Dollars

The currency of Australia, represented by the symbol AUD, and used as the legal tender in Australia and its territories.