Asked by Regina Orzechowski on Jul 25, 2024
Verified
As Boeing learned the hard way, outsourcing is not universally good.
Outsourcing
The practice of having certain job functions or tasks performed by external entities or individuals, typically to reduce costs or improve efficiency.
- Understand the critical role of thorough and accurate information in the administration of risk.
Verified Answer
AH
Ashlee HilmanJul 25, 2024
Final Answer :
True
Explanation :
Boeing's outsourcing of certain components and software for their 737 Max plane played a role in the series of crashes that led to the grounding of the plane and significant financial and reputational damage for the company. This highlights the potential risks and drawbacks of outsourcing in certain contexts.
Learning Objectives
- Understand the critical role of thorough and accurate information in the administration of risk.
Related questions
Boeing's Outsourcing Disaster Stemmed from the Fact That They Did ...
Managers Must Have Complete and Reliable Information to Cope with ...
Risk Management Focuses on Anticipating Risk in Situations and Factoring ...
A Comprehensive Risk Analysis Involves Evaluating and Summarizing the Various ...
Lenders Form Opinions About a Company's Credit Risk by Comparing ...