<span>b. The second is lowest; the third is highest.
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<u>Answer:
</u>
From these comments, it is clear that Senator Higdon does not accept the "invisible hand" idea brought forth by Adam Smith.
<u>Explanation:
</u>
- Senator Jimmy Higdon is himself a businessman by profession and bears immense knowledge of the market and its functioning.
- The ideology that Senator Higdon seems to believe in is that of apparent factors that run the business and cause it to earn profit which eventually culminates in the fulfillment of other activities associated with the business.
Answer and Explanation:
A good number of problems usually arise with outsourcing from outside the country.
1. Different laws and regulations: this is one if not the greatest impediments to outsourcing staff for a business. The legal and tax implications of outsourcing to a different country creates the need to make sure business processes align with the legal frameworks or laws in these regions.
2. Language barriers: this aspect considers the challenges of communication when utilizing BPO services. There is the need for clear communication using US English from the example. Example outsourcing to an Asian country where English is somewhat a rarity.
3. There is also the need for increased data protection, privacy and security measures as there is more exposure to data breaches with this form of outsourcing.
4. However overall outsourcing makes available cheaper labour as well as more competent hands as is this case with US and China