Enumerate and briefly explain the five (5) outsourcing strategies. What are the typically outsourced activities/processes/tasks? (Enumerate) Describe the attributes of a Client Service Provider Relationship. (Explain) Define the following: BPOontract, BPO Contract Pricing Models, BPO Contract Financials, Regulatory Requirements, Scope of Work or SOW, Master Services Agreement or MSA, and core elements. Why is a business contract important? How does a contract protect your business? For a contract to be effective, what should be indicated in its terms and conditions? When dealing with a contractor/ service provider how can you protect your business through a contract?