Which of the Following Is the Assignment of Selected Business

question 155

Multiple Choice

Which of the following is the assignment of selected business functions to a vendor?

• A)outsourcing
• B)application service provider
• C)insourcing
• D)benchmarking

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Definitions:

Overhead

General, ongoing business expenses not directly attributed to creating a product or service, including rent, utilities, and insurance.

Direct Labor

Labor costs that are directly attributed to the production of goods, including wages for workers who manufacture a product or perform a service.

Gross Profit

The difference between sales and the cost of goods sold, representing the profit from trading activities before deduction of overheads and other selling expenses.

First Quarter

This term refers to the first three months of a financial year; specifically, January, February, and March, used in fiscal and calendar year reporting.