WGU C211 exam 2023 with 100% correct answers

Globalization - correct answer The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) - correct answer A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning - correct answer A technique to prepare and plan for multiple scenarios (either high or low risk). Risk management - correct answer The identification and assessment of risks and the preparation to minimize the impact of high-risk , unfortunate events. Gross National Income (GNI) - correct answer GDP + income from non-resident sources abroad. GNI is the term used by the World Bank and other international organizations to supersede the term GNP. Gross National Product (GNP) - correct answer GDP + income from non-resident sources abroad. reverse innovation - correct answer An innovation that is adopted first in emerging economies and is then diffused around the world. International Business (IB) - correct answer (1) A business or firm that engages in international crossborder economic activities and/or (2) the action of doing business abroad. semiglobalization - correct answer A perspective that suggests that barriers to market integration at borders are high, but not high enough to insulate countries from each other completely. BRIC - correct answer Brazil, Russia, India, and China