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Emerging Modes of Business Test - 12

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Emerging Modes of Business Test - 12
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  • Question 1
    1 / -0
    Which among the following is one of the largest 'Job providers' in India?
    Solution
    Business process outsourcing is one of the largest job providers in India  as India has many people with good technical knowledge and many developed countries get their work done from India as India provides its assistance at low cost compared to other countries.
  • Question 2
    1 / -0
    Which of the following refers to form of business transactions that are carried out through electronic processing and transmission of data including text, sound and visual images?
    Solution
    Electronic commerce is a way of doing business over large electronic networks such as the Internet. E commerce refers to a form of business transactions that are carried out through Internet processing and transmission of data including text, sound and visual images.
  • Question 3
    1 / -0
    Between FAX and Telex machine.
  • Question 4
    1 / -0
    LPO stands for __________.
    Solution
    LPO stands for Legal process outsourcing. LPO refers to the practice in which a corporation obtains legal support service from an outsider law firm or legal support services company. In India, legal process outsourcing is a high end industry that has been growing rapidly in recent years.
    Hence, option (A) is the correct answer.
  • Question 5
    1 / -0
    By Electronic Commerce, we mean _____________________.
    Solution
    Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. These business transactions occur either as business to business transactions, business-to-consumer transactions, consumer to consumer transactions, etc.
    Hence, option (C) is the correct answer.
  • Question 6
    1 / -0
    What does we mean by ITES?
    Solution
    ITES refers to information technology enabled services. ITES is a form of outsource services which has involvement of IT in different fields like Finance and Banking, Insurance, telecommunication. It covers the entire area of  operations which exploit information technology for improving efficiency of organisations.
  • Question 7
    1 / -0
    Advantages of BPO is/are :
    I. Effective use of supply chain partners.
    II. Quick supplies from the vendors.
    III. Increased flexibility in its resource management.
    Iv. Increased speed of business processes
    Select the correct answer from the option given below.
    Solution
    BPO helps in the effective use of supply chain partners. Companies outsource primarily to cut costs i.e. for achieving he economies of scale and also about reaping the benefits of strategic outsourcing such as skilled expertise, specialized performance so that better results can be obtained, eventually generating more profits.
  • Question 8
    1 / -0
    The need for outsourcing arises because _________.
    Solution
    Companies outsource primarily to cut costs i.e. for achieving the economies of scale and also about reaping the benefits of strategic outsourcing such as skilled expertise, a specialized performance so that better results can be obtained, eventually generating more profits.
    Hence, option (D) is the correct answer.
  • Question 9
    1 / -0
    BPO stands for ____________.
    Solution
    BPO stands for Business Process Outsourcing, refers to the contracting of specific business tasks such as payroll, human resources, or accounting to any third service provider company so that company can focus mainly on its core activities. Usually, BPO is implemented as a cost-saving measure.
    Hence, option (C) is the correct answer.
  • Question 10
    1 / -0
    BPO that is contracted to a company's neighbouring or nearby country is called near __________.
    Solution
    Nearshore outsourcing is a kind of Business process outsourcing in which an organisation gets its business processes like human resource and accounting done from neighboring countries of its country where its products and services are actually produced and manufactured.
    Hence, option (D) is the correct answer.
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