Which of the Following Is NOT a Reason for Outsourcing

question 33

Multiple Choice

Which of the following is NOT a reason for outsourcing?

• A) Lower labor costs overseas.
• B) Quality of the component will not decrease.
• C) Loss of jobs in the home country.
• D) Higher levels of technical knowledge in the third-party service provider's country.

Record and analyze business transactions and their effects on the accounting equation.

Prepare an owner’s equity statement.

Calculate net income or loss by analyzing changes in owner's equity.

Understand and apply accounting terminology relevant to sole proprietorships.

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Definitions:

Automatically Perfected

A status achieved by security interests in certain types of property upon attachment, without further legal action or filing required.

Financing Statement

A document filed by a creditor to give public notice that it has or may have an interest in the personal property of a debtor (usually in connection with a secured transaction).

Consumer Good

A commodity or a product that is produced and purchased to satisfy the personal needs or wants of the consumer.

General Creditor

An individual or entity that is owed a debt that is not secured by collateral, leaving them with no special rights to any specific property of the debtor in case of default.