Which Term Refers to Using External Vendors to Perform HR

question 65

Multiple Choice

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

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

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Definitions:

Correlation Coefficients

Statistical measures that indicate the strength and direction of the relationship between two or more variables.

Phi Coefficient

A metric indicating the strength and direction of the relationship between two dichotomous variables, with values spanning from -1 to 1.

Partial Correlation

A measure of the relationship between two variables, controlling for the effect of one or more other variables.

Mediating Variable

A variable that explains the relationship between the independent variable and the dependent variable in a statistical model.