Impact of Relevant Costs on Make-or-Buy Decisions

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is outsourcing?

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1. What is an example of outsourcing?

2. What is a good reason to outsource?

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About This Quiz & Worksheet

To run an organization, you will need to know how to calculate relevant costs and decide on whether to make or buy services, and this quiz will measure your familiarity with these topics. For the most part, the quiz questions have been designed to test your knowledge of outsourcing as it relates to the above-mentioned costs and decisions.

Quiz & Worksheet Goals

With the assistance of this combination worksheet and quiz, you can figure out what you know about:

  • Outsourcing protocols
  • Examples of outsourcing
  • Reasons for and against outsourcing
  • Going green efforts

Skills Practiced

This quiz and worksheet allow you to enhance the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related impact of costs and decisions lesson
  • Interpreting information - verify that you can read information regarding reasons against outsourcing and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about outsourcing examples

Additional Learning

To unlock the answers to these quiz questions along with further background information, review the attached lesson, Impact of Relevant Costs on Make-or-Buy Decisions. Additional topics discussed in this lesson include:

  • An explanation of making vs. buying
  • Relevant cost calculation steps
  • Qualitative factors to think about
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