________ occurs when a firm decides to utilize other firms to perform value-creating activities that were previously performed in-house.
A. Offshoring
B. A transnational strategy
C. Outsourcing
D. A global strategy
Answer: C
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Harkin Company purchased a building on a tract of land and allocated the entire cost of the purchase to building. Normally it depreciates buildings over 20 years using the straight-line method with zero residual value and does not depreciate land. Because of its accounting treatment of the purchase, Harkin's income before taxes for the next 20 years will be
a. overstated. b. understated. c. unaffected. d. in conformance with GAAP.
Which of the following are used to evaluate whether a manager is acting in an ethical manner?
A. assessment and penalties B. bonuses and penalties C. job descriptions D. reward and evaluation systems
The type of product costing system used by a company is dictated by the
a. project manager. b. production process. c. company president. d. plant supervisor.
In the context of employee morale and the role of the management, compared with younger workers, older employees are more interested in
A. monthly wages. B. opportunity for advancement. C. changing jobs. D. fringe benefits.