19
QuizMultiple Choice

Globalization

Question 19 • GA-GSE Personal Finance and Economics

The business practice of hiring workers in another country is known as

Answer
A
globalization.
B
insourcing.
C
subcontracting.
D
outsourcing.

Explanation

Outsourcing is hiring an outside company or workers to perform work for a business. When that work is done in another country, it is commonly called outsourcing (or offshoring). Globalization is the broader growth of connections among countries, while insourcing means keeping work within the business.

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