26.07

26.07

Professional Development

30 Qs

quiz-placeholder

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26.07

26.07

Assessment

Quiz

Business

Professional Development

Medium

Created by

tran tai

Used 1+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a common reason for a business to choose a specific location of production?
Higher corporate taxes
Lack of infrastructure
Access to cheaper or better-quality resources
Strict labor regulations

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is industrial inertia?
Relocation due to better infrastructure
Switching to offshoring to reduce costs
Staying in the same location despite no financial advantage
Outsourcing core business activities

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following is a bulk-reducing industry likely to do?
Locate near customers
Use online distribution exclusively
Relocate to urban centers
Locate near the source of raw materials

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is offshoring?
Hiring staff locally to reduce transportation costs
Relocating business functions overseas
Hiring third-party providers for non-core tasks
Moving back production to the home country

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A business outsourcing its IT services is likely doing so to:
Increase in-house expertise
Increase capital investment
Reduce costs and gain specialized services
Avoid labor laws

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a disadvantage of offshoring?
Higher wages
Improved cultural relationships
Unethical labor practices
More domestic control

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following is true about insourcing?
It always involves external providers
It uses the firm’s own resources for certain functions
It always reduces costs
It is suitable for international expansion

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