Why Are a Large Number of IT Jobs Being Outsourced

question 112

Multiple Choice

Why are a large number of IT jobs being outsourced to China and India?

• A)India and China experience large balance of payment deficits.
• B)India and China are highly capital intensive economies.
• C)India and China have abundant supply of cheap skilled labor.
• D)India and China have abundant supply of unskilled labor.
• E)India and China are rich in natural resources.

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Definitions:

Transitional Matrix

A mathematical matrix concerned with the probabilities of switching from one state to another in various processes or systems.

Human Resource Planning

The strategic process organizations use to forecast their future human resource needs and develop plans to ensure the right number and kind of people are available when needed.

Labor Surplus

A situation where the supply of labor exceeds the demand, often leading to unemployment or lower wages.

Financial Losses

Negative financial outcomes resulting from business operations, investments, or other financial activities, where expenses exceed revenues.