________ Is Purchasing Goods and Services from Outside Vendors

question 101

Multiple Choice

________ is purchasing goods and services from outside vendors.

• A)Insourcing
• B)Outsourcing
• C)Incremental cost
• D)Full cost of product
• E)Business function cost

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Definitions:

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Job Switch

The act of changing one's employment, including shifting industries, professions, or positions.

Collectivism

A cultural value that emphasizes the importance of group goals over individual goals and the interdependence of members within a community.

Gender Typing

The process by which a child becomes aware of their gender and thus behaves accordingly by adopting values and attributes of members of the sex that they identify as their own.