18 Questions
What are some skills required for outsourcing professionals according to the text?
Negotiation, communication, and project management
Why does outsourcing in a different country pose unique challenges?
Because it involves language, cultural, and time zone differences
What is one of the benefits of outsourcing related to knowledge?
Access to intellectual property and wider experience
Which benefit of outsourcing focuses on improving the quality of services?
Improvement in quality through new Service Level Agreements
Why is operational expertise listed as a benefit of outsourcing?
To access operational best practice that is hard to develop in-house
How can outsourcing help with time zone coverage according to the text?
A sequential task can be done during normal day shift in different time zones for 24x7 availability
What is the main reason for onshoring?
To tap talent currently unavailable domestically
What is a key advantage of both offshoring and onshoring mentioned in the text?
Reduce and control operating costs
What is the difference between offshoring and onshoring?
The location of service providers
In IT outsourcing, what does offshoring primarily aim to minimize?
IT service costs and related taxes
What is a common outcome of the outsourcing decision in IT outsourcing as mentioned in the text?
Transfer or sale of information processing assets and personnel
Which of the following is NOT listed as an advantage of onshoring and offshoring?
Overcome regulatory obstacles in offshore locations
What is nearshoring, in the context of outsourcing?
Outsourcing to a partner in a geographically closer location
Which of these is NOT an advantage of nearshoring?
Significantly lower labor costs
What is the main differentiator between offshore outsourcing and nearshore outsourcing?
Geographical location of the outsourcing partner
Which of these is NOT a potential disadvantage of outsourcing in general?
Reduced labor expenses
How does nearshoring impact communication and coordination?
It improves communication due to similar time zones
What is the origin of the term 'nearshore' in the context of outsourcing?
From the fishing industry
This quiz explores the concepts of offshoring and onshoring in business, discussing strategic reasons for offshoring and the process of engaging domestic companies for outsourcing. Learn about the advantages of both practices.
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