The primary reason large U.S. companies send U.S. jobs abroad is because labor costs are higher in the United States. Such companies are said to be engaging in _____
a. employee export
b. outsourcing
c. inshoring
d. joint ventures
ANSWER: b
Outsourcing refers to sending U.S. jobs abroad. Many executives believe that outsourcing leads to corporate growth, efficiency, productivity, and revenue growth. Most companies see cost savings as a key driver in outsourcing.
You might also like to view...
Which of the following statements is most true about zero coupon bonds?
A) They typically sell at a premium over par when they are first issued. B) They typically sell for a higher price than similar coupon bonds. C) They are always convertible to common stock. D) They typically sell at a deep discount below par when they are first issued.
Managers need to understand that technology makes projects successful
Indicate whether the statement is true or false