When a firm assigns one or more of its functions to an outside organization, it is:Multiple choice question.insourcingdelegatinginefficientoutsourcing

Break Down the Problem

1. Identify the key terms: We need to understand the terms insourcing, delegating, inefficient, and outsourcing.
2. Evaluate the definitions: Understanding the definitions will help determine which term fits the scenario described in the question.

Relevant Concepts

1. Insourcing: This refers to assigning the firm's internal functions back to itself or utilizing internal resources.
2. Delegating: This usually means assigning responsibility but not necessarily to an outside organization.
3. Inefficient: This term describes a lack of productivity, not related to assigning functions.
4. Outsourcing: This is the act of contracting out business functions or processes to external organizations.

Analysis and Detail

• The scenario describes a firm that assigns its functions to an outside organization. This matches the definition of outsourcing, where an external organization is brought in to perform tasks that could be done internally.

Verify and Summarize

• Given the definitions, we can conclude that the correct answer is "outsourcing," as this involves transferring responsibilities to external entities.

Final Answer

The correct answer is outsourcing.