Services as part of optimization strategy

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Reference no: EM132154926

1. 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:

a. outsourcing

b. competitive pressures

c. offshoring

d. structural change

2. Based on transaction cost economics, numerous firms have been offshoring production and services as part of an optimization strategy. This is an example of:

a. government intervention

b. competitive pressures

c. demographic change

d. technological change

3. 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?

a. technological change

b. government intervention

c. competitive pressures

d. demographic change

4. Employment at will means:

a. workers or managers terminate an employment arrangement any reason, or no reason

b. employers can hire anyone they wish

c. workers can take any job they wish

d. the government does not interfere in employment contracts

5. The liberty of contract states that:

a. the right to compose a contract is a natural right

b. labor unions are not illegal

c. laborers and employers can write their own contracts

d. laborers and managers can negotiate any contract they please as long it is based on mutual consent

6. A corporation has decided that based on transaction cost economics, it is cheaper to acquire some services and production in the domestic open economy than to produce them in house. This is an example of:

a. offshoring

b. outsourcing

c. structural change

d. competitive pressures

Reference no: EM132154926

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