Outsourcing Is Also Sometimes Thought to Be Similar to Subcontracting

question 58

Multiple Choice

Outsourcing is also sometimes thought to be similar to subcontracting, joint venturing, and contract manufacturing. Contracting is the purchasing of goods or services to facilitate a business process owned by the buyer. The outsourcing point of departure from these concepts is the ________________ of all associated internal business process activities.

• A) date of implementation
• B) agreement for the outsourcing
• C) need to reduce the costs
• D) desire to reduce the expenses
• E) complete transfer

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Definitions:

International Monetary Fund

An international financial institution created in 1945 to promote global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty worldwide.

World Bank

A worldwide finance institution that provides funding and grants to underprivileged countries' governments to help finance capital projects.

World Trade Organization

An international organization that regulates international trade with the aim of ensuring that trade flows as smoothly, predictably, and freely as possible between nations.

Rich Benefits

Substantial or generous advantages or profits gained from a particular situation, occupation, or activity.