The purchase of labor from a source outside of the company rather than using the company's own staff is called
A. homeshoring.
B. outsourcing.
C. nearshoring.
D. none of the above.
Answer: B
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A) Completion of goods manufactured. B) Execution of a promissory note. C) Price in excess of $100. D) Reasonable assurance of collection.
Diversity applies to differences in
a. race. b. religion. c. culture. d. all of the above.
Public relations dialogue still revolves around ________
A) outperforming competing organizations B) finding a seat at the management table C) making the public understand your client D) whether in-house talent or an agency is best
Cornish Company had the following results of operations for the past year: Sales (20,000 units at $22) $440,000 Direct materials and direct labor$200,000 Overhead (40% variable) 100,000 Selling and administrative expenses (all fixed) 92,000 (392,000) Operating income $48,000 A foreign company offers to buy 3,000 units at $17.00 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $500 and selling and administrative costs by $1,000. If Cornish accepts the offer, its profits will:
A. Increase by $13,500. B. Decrease by $300. C. Increase by $15,000. D. Increase by $4,500. E. Decrease by $4,500.