Crowdsourcing Is

question 189

Multiple Choice

Crowdsourcing is

• A)the management of work teams
• B)a means of distributing surplus employees to various internal departments
• C)a novel way for companies to meet their resource requirements
• D)similar to outsourcing,but in the terms of human resources,when an organization sends a working group to another entity to work
• E)a new social networking site for human resources management professionals to access and utilize as a means of hiring for single positions

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Definitions:

Fixed Exchange-Rate System

An exchange rate regime where a country's currency value is pegged to another currency, a basket of currencies, or a commodity like gold.

Local Currency

The currency that is legally accepted within a country and typically used for all financial transactions within that geographical boundary.

Flexible Exchange Rates

A system where the value of a currency is determined by the foreign exchange market, depending on the supply and demand for that currency.

International Monetary Reserves

Assets that central banks and monetary authorities hold in foreign currencies, including foreign banknotes, bank deposits, bonds, treasury bills, and other government securities, to back its liabilities.