Companies Outsource Their Operations Because

question 158

Multiple Choice

Companies outsource their operations because

• A) the weather is nicer in other countries.
• B) employees in other countries take less sick leave.
• C) governments in other countries allow them to operate.
• D) labor costs are lower.
• E) no one wants to do the work domestically.

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Definitions:

Future Sum

The amount of money or value to be received or paid at a specified date in the future.

Interest Rate

The fee, represented as a fraction of the initial sum, that a creditor levies on a debtor for asset utilization.

Interest Rates

A borrower pays this rate, calculated as a percentage of the principle, to a lender in exchange for the use of assets.

Investments

Assets or commodities acquired with the intention of generating income or appreciating in value over time.