What Is the Practice of Moving a Business Process to a Foreign

question 44

Multiple Choice

What is the practice of moving a business process to a foreign country but retaining control of it?

• A) exporting
• B) farshoring
• C) offshoring
• D) outsourcing
• E) backsourcing

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Definitions:

Time Limit

A specific duration within which an action must be initiated or completed.

Mailbox Rule

A legal principle that an offer is considered accepted once the acceptance is dispatched, not when it is received by the offeror.

Verbal Acceptance

An agreement to the terms of an offer conveyed through spoken words rather than written.

Promissory Estoppel

A legal principle that prevents a promisor from retracting a promise when the promisee has relied on it to their detriment.