Question : Statement 1: Outsourcing has led to job opportunities in developing countries.
Statement 2: Negative aspects of outsourcing include the loss of domestic jobs in certain industries.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true: Outsourcing has led to job opportunities in developing countries as companies often choose to outsource certain tasks or operations to countries with lower labor costs.
Statement 2 is true: Negative aspects of outsourcing include the loss of domestic jobs in certain industries, particularly in countries where outsourcing occurs. This can happen when companies relocate their operations to take advantage of lower labor costs in other countries.
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