WGU D080 MANAGING IN A GLOBAL
BUSINESS ENVIRONMENT CERTIFICATION
EVALUATION SET TESTED SOLVED
QUESTIONS
◉ What is the purpose of internal controls?
To ensure irregularities of a system's performance
To establish procedures for manufacturing operations
To create processes for credentialing accounting staff
To create redundancies in a system to ensure it functions properly
Answer: To create redundancies in a system to ensure it functions
properly
◉ How should a company ensure that internal controls are
effectively implemented?
By performing due diligence with procedures
By providing financial data to shareholders
By creating systems that are new to the company
By simplifying procedures in accounting
Answer: By performing due diligence with procedures
◉ Which outcome is a result of a company ensuring that
shrinkage is reported in accounting?
,Mismanagement of inventory
Customer trust decreased
Perishable goods going unrecorded
Petty theft being reduced
Answer: Petty theft being reduced
◉ A company requires one employee to be responsible for
maintaining a machine. Another employee is responsible for
maintaining accounting records for that machine.
Which internal control has the company implemented?
Managing inventory
Reviewing cash flows
Accounting for shrinkage
Segregating duties
Answer: Segregating duties
◉ A cruise ship employs over 200 workers over the course of 18
years. One worker describes terrible living conditions and the
limited amount of food that employees are given to eat. Which
labor convention is being violated by the employer?
Domestic Workers
Geneva
The Maritime Labour
,Worst Forms of Child Labour
Answer: The Maritime Labour
◉ What does Article 2 of the Uniform Commercial Code (UCC)
govern?
The required conduct of the initiator of a contract
The standards for the performance of business activities
The required conduct of both parties in accordance with the
contract
The standards for the countries from which the two businesses
originate
Answer: The required conduct of both parties in accordance with
the contract
◉ A company is concerned about source code theft of digital
property. The company is reviewing a law that governs this
behavior. Which law is being reviewed by this company?
Answer: Intellectual property
◉ An employee at the U.S. Patent and Trademark Office was
casually talking to a friend who worked at Company XYZ. The
patent office employee mentioned that a pending patent
application for Company XYZ was about to be denied, and the
decision would become public in a few days. The public release of
the report was likely to result in a severe reduction in the stock
price of the company. The friend who worked at Company XYZ
, then placed an online trade transaction to sell all shares of stock
they owned in Company XYZ the next day. Which specific law
passed by the U.S. Congress did the Company XYZ employee
violate?
Answer: Sarbanes-Oxley Act (SOX)
◉ Which legislation is aimed at increasing ethical financial
transparency in corporate America and affects foreign businesses
that want to be listed on a U.S. stock exchange?
SOX
FCPA
FTCA
NAFTA
Answer: SOX
◉ An American employee is working in a Chinese firm in China
and notices an ethical violation. The employee tells a colleague,
who is Chinese, and the colleague advises the American employee
to save face. What does the Chinese colleague mean by this
advice?
Confront the people who are responsible since they could
retaliate
Make sure that everyone knows the person who discovered the
ethical violation
BUSINESS ENVIRONMENT CERTIFICATION
EVALUATION SET TESTED SOLVED
QUESTIONS
◉ What is the purpose of internal controls?
To ensure irregularities of a system's performance
To establish procedures for manufacturing operations
To create processes for credentialing accounting staff
To create redundancies in a system to ensure it functions properly
Answer: To create redundancies in a system to ensure it functions
properly
◉ How should a company ensure that internal controls are
effectively implemented?
By performing due diligence with procedures
By providing financial data to shareholders
By creating systems that are new to the company
By simplifying procedures in accounting
Answer: By performing due diligence with procedures
◉ Which outcome is a result of a company ensuring that
shrinkage is reported in accounting?
,Mismanagement of inventory
Customer trust decreased
Perishable goods going unrecorded
Petty theft being reduced
Answer: Petty theft being reduced
◉ A company requires one employee to be responsible for
maintaining a machine. Another employee is responsible for
maintaining accounting records for that machine.
Which internal control has the company implemented?
Managing inventory
Reviewing cash flows
Accounting for shrinkage
Segregating duties
Answer: Segregating duties
◉ A cruise ship employs over 200 workers over the course of 18
years. One worker describes terrible living conditions and the
limited amount of food that employees are given to eat. Which
labor convention is being violated by the employer?
Domestic Workers
Geneva
The Maritime Labour
,Worst Forms of Child Labour
Answer: The Maritime Labour
◉ What does Article 2 of the Uniform Commercial Code (UCC)
govern?
The required conduct of the initiator of a contract
The standards for the performance of business activities
The required conduct of both parties in accordance with the
contract
The standards for the countries from which the two businesses
originate
Answer: The required conduct of both parties in accordance with
the contract
◉ A company is concerned about source code theft of digital
property. The company is reviewing a law that governs this
behavior. Which law is being reviewed by this company?
Answer: Intellectual property
◉ An employee at the U.S. Patent and Trademark Office was
casually talking to a friend who worked at Company XYZ. The
patent office employee mentioned that a pending patent
application for Company XYZ was about to be denied, and the
decision would become public in a few days. The public release of
the report was likely to result in a severe reduction in the stock
price of the company. The friend who worked at Company XYZ
, then placed an online trade transaction to sell all shares of stock
they owned in Company XYZ the next day. Which specific law
passed by the U.S. Congress did the Company XYZ employee
violate?
Answer: Sarbanes-Oxley Act (SOX)
◉ Which legislation is aimed at increasing ethical financial
transparency in corporate America and affects foreign businesses
that want to be listed on a U.S. stock exchange?
SOX
FCPA
FTCA
NAFTA
Answer: SOX
◉ An American employee is working in a Chinese firm in China
and notices an ethical violation. The employee tells a colleague,
who is Chinese, and the colleague advises the American employee
to save face. What does the Chinese colleague mean by this
advice?
Confront the people who are responsible since they could
retaliate
Make sure that everyone knows the person who discovered the
ethical violation
