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What is Outsourcing?

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Outsourcing is the practice of hiring external suppliers or service providers to perform tasks or services that could be done internally.

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What is the opposite of Outsourcing?

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Internal management, which refers to managing tasks and services within the organization.

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What is Nepotism?

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Nepotism is the practice of favoring relatives or friends when hiring or promoting in the workplace.

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What is a common result of Nepotism?

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Unearned job positions, where individuals receive jobs or promotions based on their relationships rather than merit.

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What is a Stakeholder?

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A stakeholder is any individual or group that has an interest in the outcome of a project or business, such as suppliers, employees, or customers.

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What is the role of a Supplier?

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A supplier provides goods or services to a business, making them a key stakeholder.

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What does Protocol mean in a business context?

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Protocol refers to the customs and regulations for dealing with formality, precedence, or etiquette in professional settings.

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What is Merit-based hiring?

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Merit-based hiring is a recruitment process that focuses on the skills, qualifications, and performance of candidates rather than personal connections.

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What is the impact of Fair promotions?

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Fair promotions ensure that employees are rewarded based on their performance and contributions, leading to a motivated workforce.

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What is Social favoritism?

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Social favoritism is the practice of giving preferential treatment to individuals based on personal relationships rather than merit.