What is outsourcing?
Outsourcing Offshoring Reshoring Nearshoring

Quiz
•
Other
•
12th Grade
•
Hard
Maria Kitsiou
Used 5+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The practice of hiring additional employees to perform certain tasks or provide services that were previously done in-house.
The practice of automating tasks or services that were previously done in-house.
The practice of merging two companies to perform certain tasks or provide services that were previously done in-house.
The practice of hiring a third-party company or individual to perform certain tasks or provide services that were previously done in-house.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the benefits of outsourcing?
Decreased efficiency, lack of specialized skills, and limited scalability.
Reduced quality control, increased costs, and limited control over operations.
Cost savings, access to specialized skills and expertise, increased efficiency, and flexibility in scaling operations.
Higher expenses, decreased productivity, and lack of control over operations.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the drawbacks of outsourcing?
Decreased employee morale, loss of intellectual property, longer response times
Difficulty in managing multiple vendors, language barriers, legal and regulatory issues
Loss of control over quality, potential communication issues, dependency on external parties, and the risk of data breaches or security breaches.
Higher costs, lack of flexibility, cultural differences
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is offshoring?
The practice of relocating business operations or services to a different city within the same country.
The practice of relocating business operations or services to a foreign country.
The practice of relocating business operations or services to a different country within the same continent.
The practice of outsourcing business operations or services to a foreign country.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between outsourcing and offshoring?
Outsourcing refers to contracting work to an external entity, while offshoring specifically refers to relocating business processes to a foreign country.
Outsourcing refers to hiring local workers, while offshoring refers to hiring foreign workers.
Outsourcing refers to relocating business processes to a foreign country, while offshoring refers to contracting work to an external entity.
Outsourcing refers to hiring temporary workers, while offshoring refers to hiring permanent workers.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is reshoring?
The process of outsourcing manufacturing or business operations to overseas countries.
The process of bringing back manufacturing or business operations to the home country from overseas.
The process of relocating manufacturing or business operations to a different country.
The process of expanding manufacturing or business operations within the home country.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is nearshoring?
Outsourcing business processes or services to a nearby country or region.
Outsourcing business processes or services to a nearby city or town.
Outsourcing business processes or services to a different industry.
Outsourcing business processes or services to a distant country or region.
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