Question : One advantage of outsourcing is:
Option 1: Higher labor costs
Option 2: Increased control over operations
Option 3: Access to specialized skills and expertise
Option 4: Limited flexibility in business operations
Correct Answer: Access to specialized skills and expertise
Solution : The correct answer is (c) Access to specialized skills and expertise
One advantage of outsourcing is access to specialized skills and expertise. When companies outsource certain tasks or functions to external organizations or individuals, they can tap into the knowledge and capabilities of specialized service providers.
Outsourcing allows businesses to leverage the expertise of professionals who are dedicated to specific areas of work. These service providers often have in-depth knowledge, experience, and resources focused on the outsourced function. By outsourcing to such providers, companies can benefit from their specialized skills and stay updated with the latest industry trends and best practices.
Question : Which of the following is an advantage of effective control systems?
Option 1: Increased employee turnover.
Option 2: Reduced customer satisfaction.
Option 3: Improved organizational performance.
Option 4: Higher production costs.
Question : Outsourcing can lead to increased:
Option 1: Trade barriers and protectionism
Option 2: Cultural diversity and exchange
Option 3: Inequality and exploitation of workers
Option 4: Government control over the economy
Question : Which of the following is an advantage of internal recruitment?
Option 1: Fresh ideas and perspectives
Option 2: Reduced training costs
Option 3: Increased diversity in the workforce
Option 4: Access to a larger talent pool
Question : Which of the following is not a benefit of effective planning?
Option 1: Improved coordination
Option 2: Increased employee motivation
Option 3: Limited control over outcomes
Option 4: Enhanced decision making
Question : What is a primary advantage of inland waterways over other modes of transport?
Option 1: Faster speed
Option 2: Lower environmental impact
Option 3: Higher flexibility
Option 4: Greater capacity for passengers
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