FIN_SysIntArch

Outsourcing is defined as

• The way people work

• Hiring others from another country to provide a service

• To give jobs to German workers

• To reach out to far flung areas and hold job fairs

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

• It involves a company hiring another country to do certain work activities.

• It increases costs of producing goods/ services.

• It can reduce labor costs.

• Outsourcing countries are often in developing companies.

Which of these is not a benefit of outsourcing jobs?

• Workers in the locality lose their jobs

• Residents in other countries learn about a company’s product

• A company makes a larger profit because the cost of labor is lower

• Employer doesn't have to spend on trainings and seminars

What is a negative effect from outsourcing HR?

• More easily address uncomfortable issues

• Increase the quality in HR function

• Loss of in-house knowledge

• See the bigger picture

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

• Onshoring

Which type of outsourcing can be in the same country?

• Offshoring

• Nearshoring

• Onshoring

• Byshoring

Which type of outsourcing can be in a nearby country but with lower labor costs?

• Offshoring

• Nearshoring

• Onshoring

• Byshoring

We should ____ when we want fully customized, exact specifications that directly address our company's issue.

• Build

• Buy

We should ____ when we want data and security. Having complete control over the data your company collects and limiting security threats is one great factor to consider.

• Build

• Buy

We should not ____ when there is lack of focus and the company needs a third-party to solve a problem without sacrificing quality.

• Build

• Buy