Service Firms Are Finding Ways to Reduce the Cost of Some

question 111

Multiple Choice

Service firms are finding ways to reduce the cost of some of their production work with _____, using telecommunications to move service operations to places where there are pools of skilled workers.

• A) skill transfer
• B) task transfer
• C) knowledge transfer
• D) turnkey projects
• E) mobile environments

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Definitions:

Balance Sheet

A financial statement that shows the company's assets, liabilities, and shareholders' equity at a specific point in time.

Asset

An economic resource owned or controlled by an individual or business, expected to provide future economic benefits.

Depreciation Expense

An accounting method of allocating the cost of a tangible or physical asset over its useful life.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use, reducing its book value.