ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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OUTSOURCE Definition

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OUTSOURCE is to obtain goods or services from an outside supplier; i.e., to contract work outside of your budget and control. (An example would be companies outsourcing a percentage of their direct labor in order to maintain a flexible workforce.).

 

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WHITE KNIGHT is an entity that comes to the rescue of a corporation that is being taken over.

OR is Operations Research.


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