Nate's company helps U.S. homeowners optimize their energy use through a Wi-Fi console. To contain costs and provide responsive service, he contracts with a tech support calling center in Iceland. Which term best describes this arrangement?

A) outsourcing
B) franchising
C) foreign licensing
D) labor forwarding
E) offshoring


Answer: E
Explanation: E) Labor is being supplied to provide customer service from a company outside the United States.

Business

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Compare the habitual decision-making process and the extended problem-solving process. Give an example of when a consumer might use each in the consumer decision-making process

What will be an ideal response?

Business

When SW International declared a dividend of $20,000,000, its market value increased from $8 billion to $8.5 billion. However, it lost a chance to reinvest $20,000,000 in the research and development of a new product which would have earned a profit of $200 million. Thus, this $200 million is referred to as SW International's

A. consumer surplus. B. producer surplus. C. opportunity cost. D. social cost.

Business

"Concern with the multinational elements of financial activities" best describes which of the four main areas of finance?

A) Investments B) International finance C) Corporate finance D) Financial institutions and markets

Business

At expiration, an option 1. is worth its intrinsic value 2. has no time premium 3. may be exercised by the buyer but not by the writer

A. 1 and 2 B. 1 and 3 C. 2 and 3 D. 1, 2, and 3

Business