WGU D080 Managing in a Global Business Environment
Study online at https://quizlet.com/_8fbpmr
1. A company is considering establishing a subsidiary in Cultural training
a new host country and wishes to prepare its expatri-
ates to adapt to the local environment.
How should this company prepare its expatriates?
Negotiation
Operational training
Repatriation
Cultural Training
2. What happens to consumer surplus when tariffs and They increase
quotas are discontinued?
3. Which type of tariff is put in place to specifically en- Protective
sure that domestic industries are given an advan-
tage?
4. What is a benefit of implementing a system of free Reduced tariffs would re-
trade? sult in lower costs of im-
ported raw materials.
5. How are free trade agreements handled differently Treaties must be approved
than treaties in the United States? by the Senate, whereas a
free trade agreement must
pass both houses of Con-
gress.
6. Treaties must be approved by the Senate, whereas Tariffs
a free trade agreement must pass both houses of
Congress.
7. An airplane manufacturer outsources the manufac- Value chain
ture of some its parts and sub-assemblies. They are
, WGU D080 Managing in a Global Business Environment
Study online at https://quizlet.com/_8fbpmr
then returned to the manufacturer's main plant for
final assembly.
8. Country A exports more goods to Country B than Trade surplus
it imports from Country B. Country A receives more
monetary gain by using this practice.
Which relationship does Country A have with Country
B?
9. Country A has been criticized by other countries for Government subsidies
giving generous tax credits to its corn farmers, which
in turn, enables the country's farmers to sell corn
on the international markets cheaper than all other
countries.
Which term is used by other countries to describe this
practice?
10. A farmer knows that it takes 100 hours of labor to Opportunity
produce 100 bushels of corn. It only takes 50 hours
of labor to produce 100 bushels of soy. Currently, a
bushel of corn is selling at three times a bushel of
soy.
Which type of cost should the farmer use to deter-
mine what to plant?
11. A country produces goods more efficiently than all Absolute
other countries in the same industry.
Which type of advantage does this country have?
12. Country A exports farming equipment to Country B, Skill specialization
while Country B exports car manufacturing equip-
ment to Country A. Both countries are highly devel-
oped and could develop these industries separately
, WGU D080 Managing in a Global Business Environment
Study online at https://quizlet.com/_8fbpmr
but instead made the decision to export and import
these products from each other.
Which unique condition caused this practice between
the two countries?
13. A company produces the same product over and Economies of scale
over, and it has caused the manufacturing cost of the
product to become cheaper and more competitive
in international markets than similar products in the
industry.
Which approach is this company using to achieve this
ability?
14. A country with a new economy implemented trade To restrict international
protectionism in relation to countries with more de- economic trade
veloped economies.
Why did the country take this action?
15. How do anti dumping laws protect a domestic mar- They prevent foreign com-
ket? panies from selling goods
and services at or below
cost.
16. How do Congress and the Department of Agriculture To increase domestic prices
use quotas to their advantage? to specific levels to make
products profitable
17. Which strategy should a government use to offset the Subsidies
cost of manufacturing domestically?
18. Which type of globalization refers to the international Economic
movement of goods, capital, and services?
, WGU D080 Managing in a Global Business Environment
Study online at https://quizlet.com/_8fbpmr
19. The CEO of an international company reminds the ex- Profitability
ecutive vice presidents that while the company may
do good while performing corporate social respon-
sibilities, the business has one ultimate goal since
it is engaged in commercial activities with corporate
shareholders.
Which ultimate goal is the CEO emphasizing to the
executive vice presidents?
20. A CEO decides to expand the company's business Direct investment
internationally by purchasing production capability
in another country, including the foreign country's
buildings and equipment.
Which type of market entry is the CEO using?
21. A CEO seeks to better use the economies of scale Cost
and scope of production to increase the international
company's profits.
Which type of globalization driver is the CEO seeking
to use?
22. A CEO is discussing an expansion of production of a Infrastructure
company's highly perishable dairy line in a country
that can offer low labor costs and good internet con-
nections. The country has no highways, and roads are
poorly maintained.
Which challenge to international business expansion
do the road conditions present?
23. Which argument is used by critics who wish to dis- It increases the wealth of
courage movement towards globalization? the rich rather than the
poor
Study online at https://quizlet.com/_8fbpmr
1. A company is considering establishing a subsidiary in Cultural training
a new host country and wishes to prepare its expatri-
ates to adapt to the local environment.
How should this company prepare its expatriates?
Negotiation
Operational training
Repatriation
Cultural Training
2. What happens to consumer surplus when tariffs and They increase
quotas are discontinued?
3. Which type of tariff is put in place to specifically en- Protective
sure that domestic industries are given an advan-
tage?
4. What is a benefit of implementing a system of free Reduced tariffs would re-
trade? sult in lower costs of im-
ported raw materials.
5. How are free trade agreements handled differently Treaties must be approved
than treaties in the United States? by the Senate, whereas a
free trade agreement must
pass both houses of Con-
gress.
6. Treaties must be approved by the Senate, whereas Tariffs
a free trade agreement must pass both houses of
Congress.
7. An airplane manufacturer outsources the manufac- Value chain
ture of some its parts and sub-assemblies. They are
, WGU D080 Managing in a Global Business Environment
Study online at https://quizlet.com/_8fbpmr
then returned to the manufacturer's main plant for
final assembly.
8. Country A exports more goods to Country B than Trade surplus
it imports from Country B. Country A receives more
monetary gain by using this practice.
Which relationship does Country A have with Country
B?
9. Country A has been criticized by other countries for Government subsidies
giving generous tax credits to its corn farmers, which
in turn, enables the country's farmers to sell corn
on the international markets cheaper than all other
countries.
Which term is used by other countries to describe this
practice?
10. A farmer knows that it takes 100 hours of labor to Opportunity
produce 100 bushels of corn. It only takes 50 hours
of labor to produce 100 bushels of soy. Currently, a
bushel of corn is selling at three times a bushel of
soy.
Which type of cost should the farmer use to deter-
mine what to plant?
11. A country produces goods more efficiently than all Absolute
other countries in the same industry.
Which type of advantage does this country have?
12. Country A exports farming equipment to Country B, Skill specialization
while Country B exports car manufacturing equip-
ment to Country A. Both countries are highly devel-
oped and could develop these industries separately
, WGU D080 Managing in a Global Business Environment
Study online at https://quizlet.com/_8fbpmr
but instead made the decision to export and import
these products from each other.
Which unique condition caused this practice between
the two countries?
13. A company produces the same product over and Economies of scale
over, and it has caused the manufacturing cost of the
product to become cheaper and more competitive
in international markets than similar products in the
industry.
Which approach is this company using to achieve this
ability?
14. A country with a new economy implemented trade To restrict international
protectionism in relation to countries with more de- economic trade
veloped economies.
Why did the country take this action?
15. How do anti dumping laws protect a domestic mar- They prevent foreign com-
ket? panies from selling goods
and services at or below
cost.
16. How do Congress and the Department of Agriculture To increase domestic prices
use quotas to their advantage? to specific levels to make
products profitable
17. Which strategy should a government use to offset the Subsidies
cost of manufacturing domestically?
18. Which type of globalization refers to the international Economic
movement of goods, capital, and services?
, WGU D080 Managing in a Global Business Environment
Study online at https://quizlet.com/_8fbpmr
19. The CEO of an international company reminds the ex- Profitability
ecutive vice presidents that while the company may
do good while performing corporate social respon-
sibilities, the business has one ultimate goal since
it is engaged in commercial activities with corporate
shareholders.
Which ultimate goal is the CEO emphasizing to the
executive vice presidents?
20. A CEO decides to expand the company's business Direct investment
internationally by purchasing production capability
in another country, including the foreign country's
buildings and equipment.
Which type of market entry is the CEO using?
21. A CEO seeks to better use the economies of scale Cost
and scope of production to increase the international
company's profits.
Which type of globalization driver is the CEO seeking
to use?
22. A CEO is discussing an expansion of production of a Infrastructure
company's highly perishable dairy line in a country
that can offer low labor costs and good internet con-
nections. The country has no highways, and roads are
poorly maintained.
Which challenge to international business expansion
do the road conditions present?
23. Which argument is used by critics who wish to dis- It increases the wealth of
courage movement towards globalization? the rich rather than the
poor
