Outsourcing Project Work Requires

question 99

Multiple Choice

Outsourcing project work requires

• A)The need to reduce costs.
• B)Willingness to accept an inferior product.
• C)Strong management and leadership.
• D)A very focused scope.

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Definitions:

Variable Costs

Expenses that directly fluctuate according to the volume of production or sales.

Labour Cost

is the total expenditure incurred by employers to compensate their employees, including wages, benefits, and taxes.

Raw Materials

Basic materials used in the production process of manufacturing goods, usually transformed into finished products.

Fixed Costs

Expenses that do not change with changes in the volume of production or services provided.