BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Outsourcing definition Outsourcing is a business practice in which services or job functions are hired out to a third party on a contract or ongoing basis.
Detailed explanation-2: -Strategic planning is an ongoing process by which an organization sets its forward course by bringing all of its stakeholders together to examine current realities and define its vision for the future. It examines its strengths, weaknesses, and strengths, resources available, and opportunities.
Detailed explanation-3: -The purpose of strategic planning is to set overall goals for your business and to develop a plan to achieve them. It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be.
Detailed explanation-4: -Based on case studies, which type of work is not readily offshored? Work that puts the company at great data security, data privacy, or intellectual property risks.