The practice of contracting with outside vendors to handle specified functions on a permanent basis is known as
A) payroll and benefits administration.
B) outsourcing.
C) labour-management relations.
D) contract administration.
E) hiring temporary employees.

Question

Quizplus · Accepted Answer

Outsourcing refers to the practice of hiring outside vendors to handle specific functions on a permanent basis. It is a common practice in today's business world as companies look for ways to improve efficiency and lower costs. This can include functions such as IT support, customer service, and manufacturing, among others. Outsourcing allows companies to focus on their core competencies while leaving non-core functions to specialized vendors.

The Practice of Contracting with Outside Vendors to Handle Specified