Which of the Following Statements Best Define Offshoring

question 25

Multiple Choice

Which of the following statements best define offshoring?

• A) It refers to the practice of contracting with third-party companies or vendors outside the organization to deliver products and services to customers or produce products.
• B) It refers to a term used to describe a service provider trained and assigned to assist customers with questions, problems, or suggestions.
• C) It refers to the relocation of business services from one country to another.
• D) It refers to a system used to transmit messages around the Internet.

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Definitions:

Money Supply

The complete financial assets volume in an economy at a designated point in time.

Money Supply

The total amount of money available in an economy at a specific time, including cash and bank deposits.

Commodity Money

A form of currency in which the value of the money is derived from the material from which it is made, such as gold or silver coins.

Fiat Money

Currency that a government has declared to be legal tender, despite it not having intrinsic value or being backed by physical reserves such as gold or silver.