Outsourcing Involves

question 79

Multiple Choice

Outsourcing involves:

• A)diversifying into a new business.
• B)the sale of products or services in one country that are sourced in another country.
• C)the company delegating an entire process to the outsource vendor.
• D)guiding the choice of markets that a firm competes in.
• E)performing a service by staff from within an organization and also by an external service provider.

Discover the benefits of flexible retirement options.

Learn about the tools and outputs of human resource audits.

Know the process of balancing demand and supply in human resource planning.

Distinguish between replacement summaries and replacement charts.

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Definitions:

Annual Percentage Rate

The annual rate charged for borrowing or earned through an investment, which represents the actual yearly cost over the term of a loan.

Periodic Compounding

Periodic compounding involves the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a deposit or loan.

Mortgage Loan

A loan secured by real estate. Commonly referred to simply as a mortgage.

Compounded Monthly

The process of adding interest earned back to the principal sum of a deposit or loan, with this process happening every month.