Linela Insurance needs to hire twenty accountants immediately to support its accounts receivable process. The hiring and training of the accountants requires a significant investment of funds and time, which the company cannot afford. Linela decides to hire another accounting firm to manage its accounts receivable process and thereby save time and money. This process is known as ________.
A) merging
B) outsourcing
C) headhunting
D) diversifying
E) specializing

Question

Quizplus · Accepted Answer

The process described in the scenario is outsourcing, where a company hires an external firm to handle a particular task or process, thus saving time and costs associated with hiring and training internal resources. Merging involves combining two or more companies to form a new entity, while headhunting refers to the process of recruiting highly skilled individuals from other organizations. Diversifying involves expanding a company's product or service offerings into new markets, while specializing involves developing expertise in a particular type of product or service.

Linela Insurance Needs to Hire Twenty Accountants Immediately to Support