WGU D080 MANAGING IN A GLOBAL
BUSINESS ENVIRONMENT EXAM
QUESTIONS & ACTUAL CORRECT
ANSWERS LATEST VERSION
Worst Forms of Child labor Convention - 1999 CORRECT ANSWER - Convention
(1999) that aimed to eliminate all practices of child slavery or those similar to slavery
- trade and transactions
- capital and investment movements
- the migration and movement of people
- the dissemination of knowledge CORRECT ANSWER - What four fundamental
aspects of globalization were identified by the IMF in 2000?
global warming, cross-boundary water and air pollution, and overfishing in the ocean
CORRECT ANSWER - What environmental challenges are linked with globalization?
economic, cultural, and political CORRECT ANSWER - What are the three main areas
of globalization?
CAGE analysis
Culture, Administration, Geography, Economics CORRECT ANSWER - How would you
study the barriers to cross-border economic activity?
The IMF helps maintain liquidity of global funding by providing a straight-forward
method for nations to borrow and loan to each other through a mechanism called the
special drawing right. CORRECT ANSWER - What are the major functions of the IMF?
The conditions put on the loan require the recipient country to have a policy of austerity.
This policy, which usually results in a cut in funding for social programs, can have a
significant effect on citizens who are living in poverty, according to critics of the IMF.
Other criticisms of the IMF address a lack of representation by the global south and an
overrepresentation by the United States. CORRECT ANSWER - What are some
criticisms of the IMF?
- three priorities: helping build sustainable economic growth, investing in people, and
building resilience to shocks and threats.
- two goals: end extreme poverty, improve the income of the lowest 40% of citizens in
each country. CORRECT ANSWER - What are the priorities and goals of the World
Bank?
, - the hegemony or power imbalance in the leadership of both organizations.
- enforced conditionality, or structural reforms causing harm, not help to developing
countries.
- the World Bank's support for privatization in general and specifically in the health
sector.
- not considering how funding projects will adversely affect the environment.
- emerging markets, particularly China, frustrated with their lack of influence in the
World Bank. CORRECT ANSWER - What are some criticisms of the World Bank?
The World Trade Organization serves as trade moderator in the world. Governments
determine how much and what to trade after voting on trade policies that all
governments must follow. The World Trade Organization enforces rules and reviews
each government's trade policies to evaluate for fairness and transparency. CORRECT
ANSWER - What is the purpose of the WTO?
- the required review of a nation's trade policies compromises national sovereignty.
- WTO trade rules prohibit tariff protections.
- The most favored nation policy can give multinational companies an unfair advantage.
- it has refused to address the impacts of free trade on labor rights.
- Free trade is not equal across all industries. The United States and the European
Union both have high tariffs on agriculture. These tariffs on agriculture hurt developing
countries where agricultural exports are their primary goods to trade.
- WTO requires consensus to pass a policy. Major trading blocs like the EU and NAFTA
can effectively prevent any plan from moving forward due to this policy.
- has been accused of ignoring environmental concerns.
- It protects developed countries more than developing countries. CORRECT ANSWER
- What are some criticisms of the WTO?
The World Trade Organization was formed after World War II to encourage international
trade by creating a mechanism to negotiate trade agreements. CORRECT ANSWER -
Which organization was formed after World War II to encourage international
commerce?
The WTO was established to work towards decreasing tariff rates and protecting the
trade of goods, services, and intellectual property. CORRECT ANSWER - Which
strategic network was established to work towards decreasing tariff rates and protecting
commerce and intellectual property globally?
The IMF's purpose is to provide a way for countries to easily exchange money, provide
financial help to its members, and supervise international economic policies. CORRECT
ANSWER - What is the purpose of the IMF?
The World Bank is directly associated with development project. CORRECT ANSWER -
Which critical distinction should a developing country make when choosing between the
BUSINESS ENVIRONMENT EXAM
QUESTIONS & ACTUAL CORRECT
ANSWERS LATEST VERSION
Worst Forms of Child labor Convention - 1999 CORRECT ANSWER - Convention
(1999) that aimed to eliminate all practices of child slavery or those similar to slavery
- trade and transactions
- capital and investment movements
- the migration and movement of people
- the dissemination of knowledge CORRECT ANSWER - What four fundamental
aspects of globalization were identified by the IMF in 2000?
global warming, cross-boundary water and air pollution, and overfishing in the ocean
CORRECT ANSWER - What environmental challenges are linked with globalization?
economic, cultural, and political CORRECT ANSWER - What are the three main areas
of globalization?
CAGE analysis
Culture, Administration, Geography, Economics CORRECT ANSWER - How would you
study the barriers to cross-border economic activity?
The IMF helps maintain liquidity of global funding by providing a straight-forward
method for nations to borrow and loan to each other through a mechanism called the
special drawing right. CORRECT ANSWER - What are the major functions of the IMF?
The conditions put on the loan require the recipient country to have a policy of austerity.
This policy, which usually results in a cut in funding for social programs, can have a
significant effect on citizens who are living in poverty, according to critics of the IMF.
Other criticisms of the IMF address a lack of representation by the global south and an
overrepresentation by the United States. CORRECT ANSWER - What are some
criticisms of the IMF?
- three priorities: helping build sustainable economic growth, investing in people, and
building resilience to shocks and threats.
- two goals: end extreme poverty, improve the income of the lowest 40% of citizens in
each country. CORRECT ANSWER - What are the priorities and goals of the World
Bank?
, - the hegemony or power imbalance in the leadership of both organizations.
- enforced conditionality, or structural reforms causing harm, not help to developing
countries.
- the World Bank's support for privatization in general and specifically in the health
sector.
- not considering how funding projects will adversely affect the environment.
- emerging markets, particularly China, frustrated with their lack of influence in the
World Bank. CORRECT ANSWER - What are some criticisms of the World Bank?
The World Trade Organization serves as trade moderator in the world. Governments
determine how much and what to trade after voting on trade policies that all
governments must follow. The World Trade Organization enforces rules and reviews
each government's trade policies to evaluate for fairness and transparency. CORRECT
ANSWER - What is the purpose of the WTO?
- the required review of a nation's trade policies compromises national sovereignty.
- WTO trade rules prohibit tariff protections.
- The most favored nation policy can give multinational companies an unfair advantage.
- it has refused to address the impacts of free trade on labor rights.
- Free trade is not equal across all industries. The United States and the European
Union both have high tariffs on agriculture. These tariffs on agriculture hurt developing
countries where agricultural exports are their primary goods to trade.
- WTO requires consensus to pass a policy. Major trading blocs like the EU and NAFTA
can effectively prevent any plan from moving forward due to this policy.
- has been accused of ignoring environmental concerns.
- It protects developed countries more than developing countries. CORRECT ANSWER
- What are some criticisms of the WTO?
The World Trade Organization was formed after World War II to encourage international
trade by creating a mechanism to negotiate trade agreements. CORRECT ANSWER -
Which organization was formed after World War II to encourage international
commerce?
The WTO was established to work towards decreasing tariff rates and protecting the
trade of goods, services, and intellectual property. CORRECT ANSWER - Which
strategic network was established to work towards decreasing tariff rates and protecting
commerce and intellectual property globally?
The IMF's purpose is to provide a way for countries to easily exchange money, provide
financial help to its members, and supervise international economic policies. CORRECT
ANSWER - What is the purpose of the IMF?
The World Bank is directly associated with development project. CORRECT ANSWER -
Which critical distinction should a developing country make when choosing between the
