The primary reason large U.S. companies send U.S. jobs abroad is because labor costs are higher in the United States. Such companies are said to be engaging in _____
a. employee export
b. outsourcing
c. inshoring
d. joint ventures
ANSWER: b
Outsourcing refers to sending U.S. jobs abroad. Many executives believe that outsourcing leads to corporate growth, efficiency, productivity, and revenue growth. Most companies see cost savings as a key driver in outsourcing.
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The ________ of a country's labor force affect how and the extent to which foreign companies want to operate there.
A. cultural differences B. collectivism and potential for unionization C. education and skill levels D. HR practices E. population
By refining existing processes, a manufacturer may figure out ways to improve production processes or reduce costs. This is an example of ______ change.
a. reactive b. proactive c. incremental d. discontinuous
The convention of consistency pertains to the use of the same accounting principles by firms in the same industry
Indicate whether the statement is true or false
Performance measures that provide a focus on the efficiency and effectiveness of production processes are referred to as ____________________ measures
Fill in the blank(s) with correct word