When companies are hired by other companies to take over functional operations such as human resources, information systems, payroll, accounting, or customer service, this is called

Question

Quizplus · Accepted Answer

When one company hires another company to take over functional operations such as HR, IS, payroll, accounting, or customer service, etc., it is known as outsourcing. In outsourcing, one company hires and contracts with another company to perform a service that could otherwise be done in-house. This is usually done to reduce costs and improve efficiency. Therefore, outsourcing is the best choice for the given question.

When Companies Are Hired by Other Companies to Take Over