Which Term Refers to Using External Vendors to Perform HR

question 106

Multiple Choice

Which term refers to using external vendors to perform HR jobs that were once handled by a firm internally?

• A) managing
• B) freelancing
• C) outsourcing
• D) rightsizing
• E) warehousing

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Definitions:

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB).

U.S. GAAP

United States Generally Accepted Accounting Principles, the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC) for financial reporting.

Common-Law Countries

Nations that operate under a legal system founded on case law and precedents rather than on codified laws; common examples include the United Kingdom, the United States, and Australia.

IFRS

International Financial Reporting Standards, a set of global accounting standards for financial reporting.