A company decides to contract its payroll services to a local financial organization. This is an example of _____.

Question

Quizplus · Accepted Answer

The company is contracting its payroll services to a third-party organization, which is known as outsourcing. Offshoring refers to moving business operations to another country, while co-working refers to a shared workspace. Licensing and franchising refer to granting permission to use a company's intellectual property or business model.

A Company Decides to Contract Its Payroll Services to a Local