OUTSOURCING

The transfering of work from a specific area of the company ( e.g. accounting, manufacturing) to an outside supplier, which can be done to a company that is located in the home country or anywhere else is called______.

• Offshoring

• Outsourcing

• Globalization

Accounting is an example of a____________.

• back-office job

• service provider

• blue collar job

The manager didn't expect such a (a)   after he announced a joint venture with the competitors.

The CEO will try to cut (a)   in half by reducing working hours.

Large-scale terminations of employment that are unrelated to job performance is known as___________________.

• job creation

• labor costs

• layoffs

Moving operations from the country where a company is headquartered to a country where pay rates are lower and the necessary skills are available.

• Foreign markets

• Offshoring

• Outsourcing

A planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficient is called____________.

• layoff

• unemployment

• downsizing

A benefit of offshoring for developing countries is (a)   as it helps to reduce unemployment rates.

Customer name, credit limit, accounts recievable balance, and a log of the financial habits of a person who buys on credit is called_______.

• investor friendly

• corporate financial information

• credit records

Cars, buildings, and technological equipment is an example of ______________ a company has.

• assets

• demand

• data