A Firm Is Most Likely to Outsource Services When

question 87

Multiple Choice

A firm is most likely to outsource services when

• A)the cost of production is cheaper when done onshore.
• B)the labor costs are high in the country where the outsourcing partner is.
• C)the human capital is low in the country where the outsourcing partner is.
• D)the effectiveness of services produced internally is less than that produced offshore.
• E)the goods produced onshore are of better quality than those produced offshore.

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Definitions:

Pearson Correlation Coefficients

A measure of the linear correlation between two variables X and Y, giving a value between -1 and 1 inclusive, where 1 is total positive linear correlation, 0 is no linear correlation, and -1 is total negative linear correlation.

P-Value

The estimation of observing outcomes from a test that are at least as extreme as the outcomes that were actually seen, assuming the null hypothesis stands.

Weather Variables

Refers to the set of meteorological elements that describe the state of the atmosphere at a given time, including temperature, humidity, precipitation, wind speed, and pressure.

Malaria Cases

The instances of illness caused by the malaria parasite, often reported in epidemiological studies.