When Outsourcing a Major Business Process or Project,an Organization Should

question 7

Short Answer

When outsourcing a major business process or project,an organization should think in terms of hiring a(n)____________________,not just a provider.

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Definitions:

Legally Separate

A term used to describe entities that are recognized as distinct legal entities under the law, capable of entering into agreements and holding assets independently.

Cost Principle

An accounting principle that states assets and services should be recorded at their original cost, not their current market value.

Accounting Records

Documents that record and summarize financial transactions and events in accordance with accounting standards and principles.

Ethical Violations

Breaches of moral principles or professional standards of conduct, often resulting in negative consequences.