IGCSE Development Studies: Specimen Questions with Answers 45 - 46 of 98

Passage

Understand by Globalization

Question 45 (3 of 8 Based on Passage)

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“Practice of hiring a company outside the company to carry out tasks and services and produce goods in the similar manner as it was performed by the company’s own employees. ” Explain the statement.

Explanation

“Practice of hiring a company outside the company to carry out tasks and services and produce goods in the similar manner as it was performed by the company’s own employees. “

The above statement explains about outsourcing. Outsourcing is defined as a process of transfer of complete business which was traditionally operated and managed internally to an independently external service provider.

It includes:

  • Complete Transfer of all associated internal business process activities.
  • When outsourced, the people, equipment, technology, facilities, and other assets are not maintained internally by the organization.

Question 46 (4 of 8 Based on Passage)

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Give two benefits of debt relief.

Explanation

Debt relief is the partial or total relief from debts especially to those developing countries who owe debt to external creditors. By definition “it is the reorganization of debt in any form with the aim of providing relief either partial or in full from a financial burden. ” Debt relief will only be considered by the creditors if there is no other better alternative than the relief of debt

  • Debt relief helps companies to invest money into development projects such as industry.
  • Through debt relief some of the countries have used this opportunity of saving money in improving the quality of life of the people.