The subcontracting or contracting out of activities to external organizations that had previously been performed by a firm is called ________.
A. offshoring
B. insourcing
C. outsourcing
D. homesourcing
Answer: C
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An adjusted trial balance of Anders Retailers as of December 31, 2019 is given below. Prepare a single-step income statement for the year for the company.
According to Sorter and Gans, which of the following describes the intent of the Trueblood Committee Report’s second financial statement objective?
a. Financial statements should serve those with limited ability. b. Financial statements should serve special needs of specific users. c. Financial statements should serve the general needs of users. d. Financial statement should serve only those users who are very knowledgeable about financial statements and information.
Elsem Foods is a manufacturer of food and beverages. It manufactures several varieties of foods like potato chips, cupcakes, candies, crackers, fruit juices, and carbonated drinks. It introduced a new line of baked potato chips in different flavors
It receives its largest profit from its newly introduced line of hundred percent fruit juices that are available in different flavors, such as orange, apple, litchi, cranberry, and so on. Which of the following is a product item of Elsem Foods? a. Baked potato chips b. Cupcakes c. Hundred percent orange juice d. Beverages
Which of the following sentence pairs contains a transitional phrase that detracts from coherence?
A) First, productivity will improve by 12%. For example, employees will be happy. B) Salaries will increase by 6%. In contrast, the sick-day allowance will decrease by 2%. C) The fliers should arrive by 5:00 p.m. Then our interns will post them on campus bulletin boards. D) The new computer is being repaired. However, the repair service loaned us another system. E) The union strike should help teachers receive higher salaries. On the other hand, students will suffer if teachers go on strike.