Question : Which of the following is correct regarding globalisation?
I. It involves the creation of networks and activities transcending economic, social, and geographical boundaries.
II. Outsourcing is one of the important outcomes of the globalisation process.
Option 1: Both I and II
Option 2: Only I
Option 3: Only II
Option 4: Neither I nor II
Correct Answer: Both I and II
Solution : The correct option is Both I and II.
Both statements are correct regarding globalisation. Globalisation entails the creation of networks and activities that transcend economic, social, and geographical boundaries, facilitating interconnectedness on a global scale. Outsourcing, a significant outcome of globalisation, involves contracting out business processes or services to external providers, often located in different countries, to leverage cost savings, expertise, and efficiency in a global marketplace.
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