A sporting goods retail company hires another firm to manage all of its payroll functions. This process is known as:

Question

Quizplus · Accepted Answer

Outsourcing refers to hiring an external firm to perform specific business functions like payroll management, which is the case in the given scenario. Option A, HRIS, refers to a computerized system used for managing HR-related data, and is not relevant to payroll outsourcing. Options B and C, Theory X and Theory Y, are management theories that do not relate to the given scenario. Option D, professional accreditation, refers to certification or qualification awarded to individuals after they complete a program of education and training, and is not relevant to the given scenario.

A Sporting Goods Retail Company Hires Another Firm to Manage