O https:/mdc.blackboard.com/webapps/assessment/take/launchjsp?cour QUESTION 36 2

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O https:/mdc.blackboard.com/webapps/assessment/take/launchjsp?cour QUESTION 36 2 points What are some benefits of outsourcing. O Financial risks Incompatible culture O Cest savings O Redace capital O All of above QUESTION 37 2 points List the procurement process in nameric order ?-Approve invoices for payment Follow up to assure correct deliver Identify and select supplies Issue purchase orders ?-Establish specifications El-Receive and accept the goods G. Identify and review requirements ?] Determine the nght price QUESTION 38 2 points This pricing model is bssed on published. auction, or index price O Cost based O Market based O Competitive based O Sale based 2 points QUESTION 39 is a type of purchase order used for a single transaction with a supplier, with no assumption transactions will occur. O Discrete Orders O Pre-negotiated blanket O Pre-negotiated VMI O Bid and auction orders 2 points QUESTION 40 Pipelineis the process of using a rubber stopper to separate different fluids being transported via pipeline. O Porting ?Pipsng O Pigging O Pulsing 2 points QUESTION 41 The most regulated of the transportation modes is O Motor and water carrier O Air carriers Rail carriers O Freight forwarders and brokers Click Saue and Submit to autir and submit Clink Suce ?//Minners to save manauers Save All

Explanation / Answer

Question 38

The correct answer is "cost saving".

Outsourcing refers to contracting the business activity to the third party in order to save cost. The business activities that can be outsourced include payroll, accounting, manufacturing, etc. Outsourcing helps in increasing business efficiency and cost advantage due to cheap labor in other countries where the business has been outsourced.

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