Why is it beneficial for a firm to use a contract manufacturer or contract service provider? Provide at least one example of a firm that uses a contract provider and the benefit experienced because of this.

What will be an ideal response?


A successful answer will note how outsourcing activities that are in a firm’s set of core competencies can be beneficial. There are numerous examples that can then be presented by the student. These could include the outsourcing of component manufacturing in the automotive industry or the outsourcing of housekeeping tasks in a hotel.

Business

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Which of the following is not considered a critical infrastructure under the new

exemption to the FOIA after the attacks on the United States of September 11, 2001? a. Education b. Banking c. Health care d. Communications

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The U.S. Supreme Court places speech into three categories:

A) Fully protected speech. B) Limited protection speech. C) Unprotected speech. D) All of the above.

Business

What is the most important difference between a limited partnership and a limited liability

partnership? A) Limited partnerships are not a taxable entity, but limited liability partnerships are a taxable entity. B) There must be one partner with unlimited liability in a limited liability partnership, but not in a limited partnership. C) There is a maximum number of partners permitted in a limited partnership, but not in a limited liability partnership. D) There must be one partner with unlimited liability in a limited partnership, but not in a limited liability partnership.

Business

What is meant by context in the process of formulating a total compensation strategy?

What will be an ideal response?

Business