WGU C211 Practice Test questions with answers

WGU C211 Practice Test questions with |\ |\ |\ |\ |\ |\




answers

A multinational enterprise (MNE) is: - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\



✔✔a firm that engages in foreign direct investments.
|\ |\ |\ |\ |\ |\ |\ |\




Purchasing power parity is - CORRECT ANSWERS ✔✔an |\ |\ |\ |\ |\ |\ |\ |\



adjustment made to the GDP to reflect differences in the |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



cost of living. |\ |\




What is an important reason to study global business? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔a. To gain competence in |\ |\ |\ |\ |\ |\ |\



interacting with foreign suppliers, customers, and |\ |\ |\ |\ |\ |\



partners.
b. All of these
|\ |\ |\




c. To prepare for an expatriate assignment.
|\ |\ |\ |\ |\ |\




d. To advance your career in a global economy.
|\ |\ |\ |\ |\ |\ |\ |\




The Group of 20 (G-20) is: - CORRECT ANSWERS ✔✔group
|\ |\ |\ |\ |\ |\ |\ |\ |\



of 19 countries plus the European Union whose leaders
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



meet to solve global economic problems.
|\ |\ |\ |\ |\




The liability of foreignness is: - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\



✔✔the inherent disadvantage that foreign firms
|\ |\ |\ |\ |\ |\

, experience in host countries because of their non-native |\ |\ |\ |\ |\ |\ |\ |\



status.


The fundamental question in global business is: -
|\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔What determines the success and
|\ |\ |\ |\ |\ |\



failure of firms around the globe?
|\ |\ |\ |\ |\ |\




Globalization can be viewed as: - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\ |\



✔✔b. a new force sweeping through the world in recent
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



times.
c. a pendulum that swings from one extreme to another
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



from time to time. |\ |\ |\




d. a long-run historical evolution since the dawn of human
|\ |\ |\ |\ |\ |\ |\ |\ |\



history.
|\




Semiglobalization suggests: - CORRECT ANSWERS ✔✔that |\ |\ |\ |\ |\



there are barriers to market integration at borders which
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



are high but not high enough to insulate countries from
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



each other completely.
|\ |\




BRIC is an acronym for the emerging economies of: -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔Brazil, Russia, India, and China.
|\ |\ |\ |\ |\ |\