Emerging Modes of Business Test

Result

Emerging Modes of Business Test - 10

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Weekly Quiz Competition

Question 1
1 / -0

What categories should an organization evaluate when making an outsourcing decision?

A
Reduce salary cost

B
Geopolitical risk

C
English proficiency

D
All of the above

Solution

The correct option is reducing salary cost. A business organisation outsource any of the activities to reduce cost and avoid unnecessary burden.
Question 2
1 / -0

Select the benefits an organization can receive from outsourcing ________________.

A
Increase technical abilities

B
Financial savings

C
Market agility

D
All of the above

Solution

Outsourcing helps the business to focus on its core activities by getting its other non-core activities done through the third party. It also increases technical abilities of an organisation as its work is outsourced from people with more technical knowledge.
Question 3
1 / -0

Near shore outsourcing is _______.

A
contracts done by company with other companies within a company's own country

B
contracts done by a company with neighbouring countries companies

C
contracts with companies excluding neighbouring countries

D
none of the above

Solution

Near shore outsourcing is the process of getting contracts done from the neighboring countries rather than getting it done from their own country for example; many countries of USA outsource its work to Canada.
Question 4
1 / -0

Which of the following is a challenge of outsourcing?

A
Contract length

B
Competitive edge

C
Confidentiality

D
All of the above

Solution

Contract length, competitive edge and confidentiality are the challenges of outsourcing as getting work done from the third party may affect the confidentiality of an enterprise and may also lead to the decrease in competitive abilities.
Question 5
1 / -0

The contracting of a specific business task, such as payroll to a third party service provider is ________.

A
BPO

B
insourcing

C
outsourcing

D
offshore outsourcing

Solution

Business process outsourcing is the activity in which organisation get its specific work done from the third party such as work related to payroll and accounting as they don't require lots of attention of organization.
Question 6
1 / -0

What is the outsourcing option that includes the closet location and direct customer control?

A
Offshore outsoucing

B
Nearshore outsourcing

C
Onshore outsourcing

D
None of the above

Solution

Onshore outsourcing offers the closest location and direct customer control while offshore outsourcing is the one in which company uses organisation from developing countries to write ode and develop systems.
Question 7
1 / -0

The most uncommon reason why companies outsource is ___________________.

A
Better manage the costs of internal processes

B
More market exposure

C
Tap outside sources of expertise

D
Reduce headcount and related expenses

Solution

The most uncommon reason why companies outsource is to reduce headcount and related expenses as outsourcing is cost-effective and helps the organization in focusing mainly on core activities.
Hence, option (D) is the correct answer.
Question 8
1 / -0

Which of the following is an outsourcing risk?

A
Gain of control

B
Flexibility

C
Geopolitical uncertainty

D
None of the above

Solution

The risk for a business while doing outsourcing is geopolitical uncertainty as working environment differs from country to country and state to state and then risk arises for the business to adapt these changes.
Question 9
1 / -0

What categories should an organization evaluate when making an outsourcing decision?

A
Salary cost

B
Geopolitical risk

C
English proficiency

D
All of the above

Solution

While making the decision of outsourcing, it is necessary for an organisation to evaluate salary costs and geopolitical risks involved in getting work done from the third parties and also it focuses on english proficiency skills of the workers involved.
Question 10
1 / -0

E-business is best described as ______.

A
the use of electronic communications for all business processes

B
an organization using electronic media to purchase from its suppliers

C
an organization using electronic media to sell direct to its customers

D
any electronically mediated communication between an organization and its stakeholders

Solution

E-business refers to doing business with the help of internet. Here, business of an enterprise takes place on an electronic network i.e. internet and also the communication between organisation and its stakeholders takes place on the internet.

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Re-Attempt Weekly Quiz Competition

Emerging Modes of Business Test - 10

Result

Emerging Modes of Business Test - 10

Score

-

Rank

-

SHARING IS CARING

Question 1

Reduce salary cost

Geopolitical risk

English proficiency

All of the above

Solution

Question 2

Increase technical abilities

Financial savings

Market agility

All of the above

Solution

Question 3

contracts done by company with other companies within a company's own country

contracts done by a company with neighbouring countries companies

contracts with companies excluding neighbouring countries

none of the above

Solution

Question 4

Contract length

Competitive edge

Confidentiality

All of the above

Solution

Question 5

BPO

insourcing

outsourcing

offshore outsourcing

Solution

Question 6

Offshore outsoucing

Nearshore outsourcing

Onshore outsourcing

None of the above

Solution

Question 7

Better manage the costs of internal processes

More market exposure

Tap outside sources of expertise

Reduce headcount and related expenses

Solution

Question 8

Gain of control

Flexibility

Geopolitical uncertainty

None of the above

Solution

Question 9

Salary cost

Geopolitical risk

English proficiency

All of the above

Solution

Question 10

the use of electronic communications for all business processes

an organization using electronic media to purchase from its suppliers

an organization using electronic media to sell direct to its customers

any electronically mediated communication between an organization and its stakeholders

Solution

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