Which of the Following Minimise the Risks of Outsourcing

question 127

Multiple Choice

Which of the following minimise the risks of outsourcing?

• A)Building close relationships with the supplier
• B)The responsibility for on-time delivery is now the responsibility of the supplier
• C)The use of short-term contracts that specify price
• D)All of these answers are correct.

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Definitions:

Tort

A civil wrong or infringement of a right leading to legal liability, distinct from breach of contract.

Principal Liability

refers to the legal responsibility of a principal (an individual or entity) for the actions of their agents or representatives conducted within the scope of their agency or employment.

Principal/Employer-Agent/Employee Relationship

Refers to the legal bond between an employer who delegates tasks, and an employee who performs these tasks on the employer's behalf.

Negotiable Instrument

A written document signed by a person who makes an unconditional promise to pay a specific sum of money on demand or at a certain time to the holder of the instrument; an acceptable medium for exchanging value from one person to another.