If Services Are Purchased from Others That Were Once Performed

question 16

Multiple Choice

If services are purchased from others that were once performed internally, then a firm has

• A)downsized.
• B)outsourced.
• C)reduced the economies of scope.
• D)experienced diseconomies of scale.

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Definitions:

Agitated

A state of increased restlessness, nervousness, or irritability, often resulting from stress or a specific psychiatric condition.

Positive Variance

A term used in accounting and finance indicating that actual revenues are higher than forecasted or budgeted revenues, or expenses are lower than expected.

Negative Variance

A situation where actual results are worse than expected or budgeted results, often used in financial or operational contexts.

SBAR

A communication method used in healthcare to ensure clear and concise information exchange; it stands for Situation, Background, Assessment, Recommendation.