Which of the Following Is Not a Benefit of Outsourcing

question 36

Multiple Choice

Which of the following is not a benefit of outsourcing?

• A)comparative labor costs
• B)lower logistics costs
• C)reduction of transaction costs through use of the Internet
• D)technology transfer to another country or company

Recognize the economic implications of barter vs. money economies.

Identify the main functions of money.

Comprehend the historical development and role of credit cards.

Understand the regulatory framework governing banks in the U.S., including interstate banking and the role of the FDIC.

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Definitions:

Functionalist

The functionalist perspective views society as a complex system whose parts work together to promote solidarity and stability.

Cohesion

The act of forming a unified whole, often used to describe the sense of solidarity and togetherness among members of a group or community.

Feudal Societies

Societal structures in medieval Europe where the nobility held lands from the Crown in exchange for military service, and vassals were tenants of the nobles, while the peasants were obligated to live on their lord's land and give him homage, labor, and a share of the produce.

Estate System

A form of social stratification where rights and duties are ascribed based on hereditary nobility, clergy, and commoners, often related to feudalism.