Which of the Following Is Not a Reason to Outsource

question 23

Multiple Choice

Which of the following is not a reason to outsource production?

• A)It can give the firm greater flexibility
• B)It can make planning,coordination,and scheduling of adjacent processes easier
• C)It can help drive down the firm's cost structure
• D)It may help the firm capture orders from international customers

Understand the legal classification of contracts (void, voidable, unenforceable, and executed contracts).

Differentiate between contracts and agreements and understand the requirements for legal enforceability.

Recognize and explain the equitable remedy of quasi-contract.

Identify and explain the rights and claims of third parties in contract law, specifically intended beneficiaries.

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Definitions:

Manufactured Quantity

Manufactured quantity refers to the total number of units produced by a company during a specified period.

Absorption Costing

A financial recording technique that encompasses all production expenses, such as raw materials, direct labor, and variable as well as fixed overheads, into the pricing of a product.

Operating Income

Profit generated from core business operations, excluding expenses such as taxes and interest.

Absorption Costing

A bookkeeping approach that incorporates all expenses related to production, including direct materials, direct workforce, and variable along with fixed overhead costs, into the product's cost.