Which of the Following Statements Is True About Outsourcing Production/manufacturing

question 2

Multiple Choice

Which of the following statements is true about outsourcing production/manufacturing and new ventures?

• A) The use of third-party manufacturers is commonplace
• B) Outsourcing production/manufacturing saves significant capital for the venture
• C) The third-party contractor gains access to the intellectual capital of the new venture
• D) All the above are true

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Definitions:

Initial Order

is the first directive or purchase agreement made in a series of transactions, often setting the precedent for future orders.

ALJ

Stands for Administrative Law Judge, an official who presides over federal administrative court hearings, making decisions on regulatory and legal issues.

Appeal

The process of seeking a higher court's review of a lower court's decision in order to have it altered or reversed.

Enactment

Enactment is the process by which a legislative body passes a bill, thereby turning it into law.