A practice used by different companies to reduce costs by transferring portions of work to outside provider rather than completing it internally is termed as:
Correct answer: D. Outsourcing
- A. Planning
- B. Decentralization
- C. Restructuring
- D. Outsourcing
Explanation
Outsourcing means assigning part of an organization’s work to an external provider, often to lower costs or obtain specialized expertise. Decentralization distributes decision-making authority internally rather than transferring work outside.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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