Subcontracting Work to an Outside Company That Specializes in That

question 23

Multiple Choice

Subcontracting work to an outside company that specializes in that particular type of work is known as ____.

• A) rightsizing
• B) workshifting
• C) outsourcing
• D) reengineering

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Definitions:

External User

Individuals or entities outside of a company who use financial information to make decisions about their relationship with the company.

Accounting Information

Financial data and records concerning an entity's transactions and financial status, which are used for analysis, reporting, and decision-making.

External User

Individuals or entities outside of a company who have an interest in the company's financial information for decision-making purposes, such as investors or creditors.

Accounting Information

Financial data and records about a company's transactions, financial performance, and condition.