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

Question

Quizplus · Accepted Answer

The process where a company hires another company to manage a particular process or function is known as outsourcing. In this scenario, Linela is outsourcing its accounts receivable process to another accounting firm to save time and money on hiring and training of accountants.

Linela Insurance Needs to Hire Twenty Accountants Immediately to Support