What term is used to describe the practice of sending U.S. jobs abroad?

What term is used to describe the practice of sending U.S. jobs abroad?

• A. Job outsourcing
• B. Joint venture
• C. Mercosur
• D. Multinational corporation

Answer: (A)

The term that refers to the practice of sending U.S. jobs abroad is known as job outsourcing. This practice involves a company relocating specific jobs or functions to another country, often to take advantage of lower labor costs, access to specific skill sets, or other economic benefits. Outsourcing can apply to various roles, including manufacturing, customer service, and IT services. Joint ventures, on the other hand, involve two or more companies collaborating on a specific project while maintaining their distinct identities. Mercosur is a trade bloc in South America aimed at promoting free trade and economic integration among its member countries. A multinational corporation is a company that operates in multiple countries but does not solely define the practice of sending jobs abroad, as it encompasses broader operations and strategies. Thus, job outsourcing aptly captures the essence of the concept in question.

The term that refers to the practice of sending U.S. jobs abroad is known as job outsourcing. This practice involves a company relocating specific jobs or functions to another country, often to take advantage of lower labor costs, access to specific skill sets, or other economic benefits. Outsourcing can apply to various roles, including manufacturing, customer service, and IT services.

Joint ventures, on the other hand, involve two or more companies collaborating on a specific project while maintaining their distinct identities. Mercosur is a trade bloc in South America aimed at promoting free trade and economic integration among its member countries. A multinational corporation is a company that operates in multiple countries but does not solely define the practice of sending jobs abroad, as it encompasses broader operations and strategies. Thus, job outsourcing aptly captures the essence of the concept in question.