Tag: organization of commerce and management

Quizzes (70) Questions (1107)

Questions Related to organization of commerce and management

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

The need for outsourcing arises because _________.

  1. achieving economy

  2. getting better results

  3. specialized performance

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

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.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

BPO that is contracted to a company's neighbouring or nearby country is called near __________.

  1. offshore outstanding

  2. offshore outsourcing

  3. offer outsourcing

  4. near shore outsourcing
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Near shore outsourcing is a kind of Business process outsourcing in which an organisation get 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.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

BPO stands for ____________.

  1. Business Patent Offer

  2. Business Process Outstanding

  3. Business Process Outsourcing

  4. Business Public Organisation
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

BPO stands for Business Process Outsourcing, refers to the contracting of specific business tasks such as payroll, human resource 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.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

KPO stands for____________.

  1. Know Potential Output

  2. Key Public Offer

  3. Knowledge Public Organisation

  4. Knowledge Process Outsourcing
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

KPO stands for knowledge process outsourcing. It describes the outsourcing of core related business activities that requires expertise which are competitively important and form an integral part of company's value chain.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

BPO that is contracted outside a companys country is called __________.

  1. offshore outsourcing

  2. near shore outsourcing

  3. both

  4. neither of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Offshore outsourcing is a type of business process outsourcing that involves hiring an external organisation to perform some business functions in a country other than the one where products or services are actually developed or manufactured.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

The structure of these businesses will be ________ and the problem they face will be ________ as a result, of the difference.

  1. different, same

  2. same, different

  3. different, vary

  4. same, same
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The structure of outsourcing business are different and the results vary upon the different structure of the outsourcing business. 

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

Need for outsourcing arises due to _______.

  1. getting no result in home country

  2. lack of labour in home country

  3. specialized performance

  4. all of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

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.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

KPO stands for ________.

  1. knowledge process outsourcing

  2. knowledge public organization

  3. key public offer

  4. know potential output
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

KPO stands for knowledge process outsourcing. It describes the outsourcing of core related business activities that requires expertise which are competitively important and form an integral part of company's value chain.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

Near shore outsourcing is  ___________________.

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

  2. contracts done by company with neighbouring countries companies

  3. contract with companies excluding neighboring countries.

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Nearshore outsourcing is the one in which a company get its work outsourced from the companies of nation's neighboring countries. For example: any Indian company say, Tata getting one of its work outsourced from Nepal.

Multiple choice organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

One Advantage of outsourcing the services is ________________.

  1. it is economical

  2. it helps in diversifying the business

  3. the time zone problem is solved

  4. all of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

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.