Instead of hiring an accountant, a small business decides to contract with a local accounting firm for their accounting needs. This is an example of outsourcing.

Name: Instead of hiring an accountant, a small business decides to contract with a local accounting firm for their accounting needs. This is an example of outsourcing.
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Question

Quizplus · Accepted Answer

Outsourcing involves contracting out services or tasks to an external company or firm, which is what the small business is doing by hiring a local accounting firm.

Instead of Hiring an Accountant, a Small Business Decides to Contract