Outsourcing Review Closure

Which term best describes hiring someone outside the company to do work that was once done by the company's own workers?

• brain gain

• recycling

• brain drain

• outsourcing

What comparative advantage does India have over many other countries in attracting IT jobs from the United States?

• Many Hindi speakers

• India's brain drain

• Many English speakers

• many American live there

According to this graph, how did technical and IT programs in India change between 1997-2004?

• Twice as many IT programs offered classes

• The number of women who graduated IT programs about doubled

• The number of students enrolled in IT programs about doubled

• Less men enrolled in IT programs

2.Fill in the blank: Outsourcing can also lower costs by ______ the expenses associated with bringing on new employees.​

• reducing

• eliminating

• increasing

• replacing

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

What are the FOUR main reasons to outsource

• Save Time, Save Money, Obtain Specialist Knowledge, Use Less Physical Resources

• Save man hours, Spend More Money, Obtain Specialist Knowledge, Use Less Physical Resources

• Save Time, Save Money, Obtain Specialist Knowledge, use more Physical Resources

• Save Money, Save Time, Do the work yourself, use more Physical Resources

Which of the following is not correct about "outsourcing?"

• It involves a company hiring another country to do certain work activities.
• It can reduce labor costs.
• It increases costs of producing goods/ services.
• Outsourcing countries are often in developing companies.

Define outsourcing.

• The process by which businesses or other organizations develop international influence or start operating on an international scale
• The action of making or manufacturing from components or raw materials, or the process of being so manufactured.
• A practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.

Check mark all of the reasons for outsourcing

• It's cheaper

• Companies really admire and respect china's work

• The company doesn't have to worry about paying employees more.

• The company doesn't worry about rules and laws in America.

Outsourcing may be positive because

• Americans can get goods cheaper

• More foreign workers have jobs

• It is great business with America.

• Americans don't have to do strenous jobs..