An Organization That Performs a Few Core Functions and Outsources

question 56

Multiple Choice

An organization that performs a few core functions and outsources non-core activities to specialists and suppliers is called a

• A)network organization.
• B)virtual organization.
• C)modular organization.
• D)boundaryless organization.
• E)ambidextrous organization.

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Definitions:

Current Account Surplus

A scenario in which the total goods, services, and transfers a country exports are greater than what it imports.

Trade Surplus

A situation where a country's exports exceed its imports during a specific period of time, indicating a positive trade balance.

Current Account Deficit

An assessment of a nation's trade balance when the cost of imported goods and services surpasses the value of its exports.

International Gold Standard

A monetary system in which the value of a country's currency is directly linked to gold, allowing for free conversion between the currency and gold at a fixed price.