A practice used by different companies to reduce costs by transferring portions of work to outside provider rather than completing it internally is termed as:
A. Planning
B. Decentralization
C. Restructuring
D. Outsourcing
Answer: Option D
Solution(By Examveda Team)
A practice used by different companies to reduce costs by transferring portions of work to outside provider rather than completing it internally is termed as Outsourcing. HR Outsourcing is a process in which the human resource activities of an organization are outsourced so as to focus on the organization`s core competencies. Often HR functions are complex and time consuming that it will create difficulty in managing other important thrust areas.This Question Belongs to Management >> Human Resource Management (HRM)
Related Questions on Human Resource Management (HRM)
The meaning of the acronym HRM is
A. Human Relations Management
B. Humanistic Resource Management
C. Human Resource Management
D. Human Resourceful Management
A. A staff functions
B. A line function
C. A staff function, line function and accounting function
D. All of the above
Finding ways to reduce ________ is a key responsibility of management.
A. Dissatisfaction
B. Uncertainty
C. Stress
D. None of the above
The ________ and control systems should be altered to support the strategic human resource function.
A. Appointment
B. Reward
C. Job allotment
D. None of the above
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