The term "outsourcing" is most closely associated with:
A) special-order decisions.
B) make-or-buy decisions.
C) equipment replacement decisions.
D) decisions to process joint products beyond the split-off point.
E) decisions that involve limited resources.

Question

Quizplus · Accepted Answer

Outsourcing refers to the practice of hiring external firms to handle work normally performed within a company, which is most closely related to make-or-buy decisions. These decisions involve choosing between manufacturing a product in-house or purchasing it from an external supplier.

The Term "Outsourcing" Is Most Closely Associated With