Since the Late 1980s, Many Organizations Have Outsourced __________

question 75

Multiple Choice

Since the late 1980s, many organizations have outsourced __________.

• A) Supply chain functions
• B) The majority of their IT functions
• C) Only incidental parts of their IT function
• D) Marketing functions

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Definitions:

Variable Cost

A cost that varies with the level of output or activity, such as raw materials, labor, and utility expenses.

Fixed Cost

Costs that remain constant regardless of the amount of goods produced or sold, like lease payments, employee wages, and insurance premiums.

Relevant Range

The range of activity within which the assumptions about fixed and variable cost behaviors hold true for a specific entity.

Cost Formula

An equation or model used to predict and allocate costs based on certain variables or cost drivers.