Hiring someone outside the company to perform tasks that were formerly done internally is known as
A. outplacement.
B. contracting.
C. outsourcing.
D. employee leasing.
Answer: C
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The following set of items describes activities completed by a company in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. Cash register tapes are picked up daily by an employee from the accounting department
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
Jane, the manager of a bookstore at Warren Wilson College, hires additional employees during the first few weeks of each semester but does not clearly define their responsibilities. Hence, during busy times, the students end up waiting for more than ten minutes to check out because there are not enough clerks ringing up sales. Some students get frustrated and leave without buying. This situation indicates a
A. delivery gap. B. brand gap. C. communication gap. D. research gap. E. standards gap.
In the context of workplace safety, risks are defined as the probability of harm, and relative risks would entail comparing the probabilities of harm involved in various activities.
Answer the following statement true (T) or false (F)
The debtor named in a promissory note is called the payee
Indicate whether the statement is true or false