__________ Obtaining Work Previously Done by Employees Inside the Companies

question 51

Multiple Choice

__________ obtaining work previously done by employees inside the companies from sources outside the company.

• A) Specialization
• B) Fragmentation
• C) Outsourcing
• D) Acquisition or merging

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Definitions:

Multiplier

A factor used in economics to quantify the effect of investment spending on the aggregate income or output of an economy.

Full Retirement Age

Age at which a person receives full retirement Social Security benefits.

IRA

An Individual Retirement Account, a saving tool that allows individuals to set aside money for retirement with tax advantages.

401k

A retirement savings plan that is sponsored and set up by an employer for its employees; like other retirement plans, there are strict rules as to when the money can be withdrawn without a penalty and strict contribution limits which change from year to year.