A multinational corporation has decided based on transaction cost economics to u
ID: 338661 • Letter: A
Question
A multinational corporation has decided based on transaction cost economics to use an overseas supplier for certain processes and parts essential to their operations. This is an example of:
Select one:
a. outsourcing
b. competitive pressures
c. offshoring
d. structural change
Based on transaction cost economics, numerous firms have been offshoring production and services as part of an optimization strategy. This is an example of:
Select one:
a. government intervention
b. competitive pressures
c. demographic change
d. technological change
An individual once worked as a typist, but due to the increase in more user-friendly computers and word processing software, this occupation no longer exists. This is an example of which type of workplace change?
Select one:
a. technological change
b. government intervention
c. competitive pressures
d. demographic change
Explanation / Answer
A multinational corporation has decided based on transaction cost economics to use an overseas supplier for certain processes and parts essential to their operations. This is an example of:
Select one:
a. outsourcing
b. competitive pressures
c. offshoring
d. structural change
Based on transaction cost economics, numerous firms have been offshoring production and services as part of an optimization strategy. This is an example of:
Select one:
a. government intervention
b. competitive pressures
c. demographic change
d. technological change
An individual once worked as a typist, but due to the increase in more user-friendly computers and word processing software, this occupation no longer exists. This is an example of which type of workplace change?
Select one:
a. technological change
b. government intervention
c. competitive pressures
d. demographic change
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