WGU C211 Pre-Assessment questions
|\ |\ |\ |\
with answers |\
Which view claims that the phenomenon of globalization
|\ |\ |\ |\ |\ |\ |\ |\
was initially driven by the desire of Western economies to
|\ |\ |\ |\ |\ |\ |\ |\ |\
exploit their power through multinational enterprise? -
|\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔The new-force view |\ |\ |\ |\
Economic gains come from international trade because
|\ |\ |\ |\ |\ |\ |\
one country's exported goods, services, or other items
|\ |\ |\ |\ |\ |\ |\ |\
are unique, valuable, and difficult to duplicate to the
|\ |\ |\ |\ |\ |\ |\ |\ |\
importing countries. Which view does this statement
|\ |\ |\ |\ |\ |\ |\
portray? - CORRECT ANSWERS ✔✔Resource-based view
|\ |\ |\ |\ |\
What is the aggregation of importing and exporting that
|\ |\ |\ |\ |\ |\ |\ |\ |\
leads to the country-level trade surplus or deficit? -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Balance of trade |\ |\ |\ |\
What is a cost of foreign direct investment? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Developing countries may be exploited by |\ |\ |\ |\ |\ |\ |\
multinational enterprises (MNE). |\ |\
What may precious, rare, and hard-to-duplicate resources
|\ |\ |\ |\ |\ |\
and capabilities lead to for a firm? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Sustained comparative advantage |\ |\
, Which theory states that patterns of international trade
|\ |\ |\ |\ |\ |\ |\ |\
change across new, maturing, and standardized states? -
|\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Product life cycle theory
|\ |\ |\ |\ |\
What is the financial environment in which exchange
|\ |\ |\ |\ |\ |\ |\ |\
rates and payments for goods and services are
|\ |\ |\ |\ |\ |\ |\ |\
conducted? - CORRECT ANSWERS ✔✔International |\ |\ |\ |\ |\
monetary system |\
What happens to a country's real exchange rate and
|\ |\ |\ |\ |\ |\ |\ |\ |\
nominal interest rate as the price level increases,
|\ |\ |\ |\ |\ |\ |\ |\
assuming all other factors are unchanged? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Exchange rates depreciate; interest rates
|\ |\ |\ |\ |\ |\
increase
What is the easiest method nonfinancial companies use
|\ |\ |\ |\ |\ |\ |\ |\
to handle currency fluctuations? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\
✔✔Currency diversification |\
Which strategy minimizes the risk of unanticipated
|\ |\ |\ |\ |\ |\ |\
changes in future exchange rates? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔Currency swap |\
A company is looking for a location with an abundance of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ground-breaking individuals, firms, and universities. |\ |\ |\ |\ |\
|\ |\ |\ |\
with answers |\
Which view claims that the phenomenon of globalization
|\ |\ |\ |\ |\ |\ |\ |\
was initially driven by the desire of Western economies to
|\ |\ |\ |\ |\ |\ |\ |\ |\
exploit their power through multinational enterprise? -
|\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔The new-force view |\ |\ |\ |\
Economic gains come from international trade because
|\ |\ |\ |\ |\ |\ |\
one country's exported goods, services, or other items
|\ |\ |\ |\ |\ |\ |\ |\
are unique, valuable, and difficult to duplicate to the
|\ |\ |\ |\ |\ |\ |\ |\ |\
importing countries. Which view does this statement
|\ |\ |\ |\ |\ |\ |\
portray? - CORRECT ANSWERS ✔✔Resource-based view
|\ |\ |\ |\ |\
What is the aggregation of importing and exporting that
|\ |\ |\ |\ |\ |\ |\ |\ |\
leads to the country-level trade surplus or deficit? -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Balance of trade |\ |\ |\ |\
What is a cost of foreign direct investment? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Developing countries may be exploited by |\ |\ |\ |\ |\ |\ |\
multinational enterprises (MNE). |\ |\
What may precious, rare, and hard-to-duplicate resources
|\ |\ |\ |\ |\ |\
and capabilities lead to for a firm? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Sustained comparative advantage |\ |\
, Which theory states that patterns of international trade
|\ |\ |\ |\ |\ |\ |\ |\
change across new, maturing, and standardized states? -
|\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Product life cycle theory
|\ |\ |\ |\ |\
What is the financial environment in which exchange
|\ |\ |\ |\ |\ |\ |\ |\
rates and payments for goods and services are
|\ |\ |\ |\ |\ |\ |\ |\
conducted? - CORRECT ANSWERS ✔✔International |\ |\ |\ |\ |\
monetary system |\
What happens to a country's real exchange rate and
|\ |\ |\ |\ |\ |\ |\ |\ |\
nominal interest rate as the price level increases,
|\ |\ |\ |\ |\ |\ |\ |\
assuming all other factors are unchanged? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Exchange rates depreciate; interest rates
|\ |\ |\ |\ |\ |\
increase
What is the easiest method nonfinancial companies use
|\ |\ |\ |\ |\ |\ |\ |\
to handle currency fluctuations? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\
✔✔Currency diversification |\
Which strategy minimizes the risk of unanticipated
|\ |\ |\ |\ |\ |\ |\
changes in future exchange rates? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔Currency swap |\
A company is looking for a location with an abundance of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ground-breaking individuals, firms, and universities. |\ |\ |\ |\ |\
