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OUTSOURCING

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

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______.

a)

Offshoring

b)

Outsourcing

c)

Globalization

2.

Accounting is an example of a____________.

a)

back-office job

b)

service provider

c)

blue collar job

3.

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

4.

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

5.

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

a)

job creation

b)

labor costs

c)

layoffs

6.

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

a)

Foreign markets

b)

Offshoring

c)

Outsourcing

7.

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____________.

a)

layoff

b)

unemployment

c)

downsizing

8.

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

9.

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

a)

investor friendly

b)

corporate financial information

c)

credit records

10.

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

a)

assets

b)

demand

c)

data

11.

It is a temporary business association between two or more persons or organizations for profit without forming a permanent partnership.

a)

Help-desk support

b)

Joint venture

c)

Partnership

12.

Exports that are not handled directly by the manufacturer or producer but through an export agent or freight forwarder (intermediaries)

a)

License

b)

Direct export

c)

Indirect export

13.

The company sells directly to a customer in another country.

a)

Direct export

b)

Agreement

c)

Indirect export

14.

An agreement in which one firm gives another firm the right to produce, sell or market its product in a specific country or region.

a)

Joint venture

b)

Licensing agreement

c)

Direct export

15.

Employees whose main contribution to the organization is specialized knowledge, such as knowledge of customers, a process, or a profession

a)

Knowledge workers

b)

Blue collar workers

c)

White collar worker