The term ________ has traditionally been applied to the transferring of business functions or processes to other, often foreign, companies.
Fill in the blank(s) with the appropriate word(s).
outsourcing
The term outsourcing has traditionally been applied to the transferring of business functions or processes (e.g., customer support, IT, accounting) to other, often foreign companies.
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Patricia, the manager of Prime Health Club, was telling her new trainer that "I have many decisions to make in a day, and as the club manager, during the course of a week, I have to give orders to most of the 35 employees. Then there is my budget and the club resources, which I oversee." Patricia's _______ gives her the right to make decisions, give orders, and utilize resources.
A. responsibility B. authority C. power D. delegation E. work specialization
Producers often shift some functions to intermediaries. Which of the following is the most significant benefit of doing this?
A) It increases customer loyalty. B) It provides the producer with greater control over operations. C) It reduces the amount of direct customer interaction. D) It lowers the producer's costs and prices. E) It ensures greater information security.
What is a recovery operations center? What is its purpose?
Harry, Tony, and Liza run a partnership firm. In the process of liquidation, the partnership sells non- cash assets, having a book value of $78,000, for $86,000. Which of the following is TRUE of the journal entries?
A) Cash will be credited by $8000. B) Non-cash assets will be credited for $86,000. C) Cash will be credited for $78,000. D) Non-cash assets will be credited for $78,000.