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Questions and Answers
Which of the following best describes outsourcing?
Which of the following best describes outsourcing?
- A corporation consolidating every team within the company
- A corporation turning over responsibility for production to independent suppliers (correct)
- A corporation automating processes with enterprise applications
- A corporation hiring employees from another country
What is the fundamental reason for outsourcing?
What is the fundamental reason for outsourcing?
- Global expansion
- Cost reduction
- Increased control
- Specialization (correct)
What does ERP stand for?
What does ERP stand for?
- Enterprise Relationship Planning
- Enterprise Reporting Platform
- Enterprise Resource Planning (correct)
- Enterprise Risk Planning
What does the Leavitt Diamond represent?
What does the Leavitt Diamond represent?
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What do enterprise applications automate?
What do enterprise applications automate?
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Study Notes
Outsourcing
- Outsourcing is the practice of assigning a company's non-core functions to external providers who can perform them more efficiently and effectively.
Reasons for Outsourcing
- The fundamental reason for outsourcing is to reduce costs and improve efficiency.
ERP
- ERP stands for Enterprise Resource Planning.
Leavitt Diamond
- The Leavitt Diamond represents a framework for organizational change, consisting of four interactive elements: task, structure, people, and technology.
Enterprise Applications
- Enterprise applications automate business processes across the organization, such as financial management, human resource management, and supply chain management.
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Description
Test your knowledge on outsourcing and offshoring with this quiz! Explore the reasons why corporations choose to outsource, the role of overseas firms as subcontractors, and the concept of specialization in business. Discover how companies are adapting to a changing global landscape.
