Not Retaining Organization-Specific Knowledge Is an Example of the Following

question 73

Multiple Choice

Not retaining organization-specific knowledge is an example of the following common outsourcing mistake.

• A)Outsourcing activities that should not be outsourced
• B)Selecting the wrong vendor
• C)Writing a poor contract
• D)Overlooking personnel issues
• E)Losing control over the outsourced activity

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Definitions:

Insurance Settlement

The payment made by an insurance company to a claimant, policyholder, or beneficiary under the terms of the insurance policy.

Present Value

The current financial worth of a forthcoming sum of money or sequence of cash flows, with a particular rate of interest in mind.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Invest

The process of distributing funds with the aim of earning revenue or gains.