Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

1. (TCO 4) _____ refer(s) to the outsourcing of one or more specific business pr

ID: 2701488 • Letter: 1

Question

1. (TCO 4) _____ refer(s) to the outsourcing of one or more specific business processes, methodologies, or functions to a third-party vendor, together with the IT that supports it. (Points : 5)       Contracting
      Consulting
      Business Process Outsourcing
      Technology Transfers



2. (TCO 1) A cost-plus-percentage-fee contract is a: _______. (Points : 5)       cost-reimbursable contract, the seller pays the buyer's actual costs, and a percentage of the total project costs
      cost-reimbursable contract, the seller pays the buyer's actual costs, and all of the total project costs
      cost-reimbursable contract, the buyer pays the seller's actual costs, and a percentage of the total project costs
      cost-reimbursable contract, the seller pays the buyer's actual costs, and none of the total project costs


Explanation / Answer

Answer-1

The outsourcing refers to the getting done one or more process of business from outside or to a third party to smoothen the operation and to cut cost of the operation. Businesses outsource activities like business process, functions, methodologies, information technology supports, procurement, finance, accounting, human resource, property management etc.

Thus, the correct answer is “Business Process Outsourcing”.