When Managers Hire Contract Employees Who Are Not Regular Employees

question 24

Multiple Choice

When managers hire contract employees who are not regular employees of their organization to produce goods and services, it is known as

• A)open sourcing.
• B)downsizing.
• C)outsourcing.
• D)job specification.

---

Definitions:

Quantitative Indicators

Numerical data or metrics used to measure and evaluate the performance or condition of a business or economy.

Qualitative Indicators

Qualitative indicators are non-numeric metrics used to assess characteristics or properties that affect the performance and status of a business or project.

Vertical Analysis

A technique for analyzing financial statements where every item in the three primary account categories (assets, liabilities, and equity) on a balance sheet is expressed as a percentage of the overall account.

Ratio

A quantitative relationship between two numbers, showing how many times the first number contains the second or is contained within it.