Which of the Following Is the Best Definition of Outsourcing

question 191

Multiple Choice

Which of the following is the best definition of outsourcing?

• A) Any activity that adds value to some input by transforming it into an output for an internal or external customer
• B) An approach by which firms move away from department-oriented organization and toward process-oriented team structures that cut across old departmental boundaries
• C) The strategy of paying suppliers and distributors to perform certain business processes or to provide needed materials and resources
• D) The strategy of using the internet and word-of-mouth marketing to spread product information
• E) The strategy of owning the means by which an organization produces goods or services

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Definitions:

Federal Income Tax

A tax by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Net Pay

The amount of money an employee receives after all deductions, such as taxes and retirement contributions, are subtracted from their gross pay.

Federal Unemployment Tax

A tax levied by the federal government on employers to fund state workforce agencies and unemployment insurance programs.

Form 940

A tax form used by employers to report their annual Federal Unemployment Tax Act (FUTA) tax.