WGU D080 Managing in a Global Business Environment QUESTIONS WITH COMPLETE SOLUTIONS

Worst Forms of Child Labour 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