(solved 2023/2024) WGU D080 Study Set Exam With Complete Solutions Verified Questions

Six Sigma - Answer A method that provides tools for organizations to increase performance and decrease process variation Globilization - Answer when international integration arises from the interchange of world views, products, ideas, and other aspects of culture. CAGE - Answer culture, administration, geography, economics Gini Coefficient - Answer measures the inequality among values of a frequency distribution such as levels of income Happy Planet Index - Answer measures how well nations are doing at achieving long, happy, sustainable lives trade - Answer the action of buying and selling goods and services Capital - Answer financial assets such as funds but also equipment, facilities, and other means of production outsource - Answer to obtain goods and services from an outside or foreign supplier WTO - Answer World Trade Organization G8 - Answer group of 8 NGOs (non-governmental organizations) - Answer not for profit organizations that are independent of the government and are active in humanitarian causes MNC - Answer multinational corporation FDI - Answer foreign direct investment Subsidies - Answer a sum of money granted by the government to assist an industry or business GATT - Answer General Agreement on Tariffs and Trade IMF - Answer International Monetary Fund intellectual property - Answer a work or invention that is the result of creativity such as a manuscript NATO - Answer North Atlantic Treaty Organization BRICS - Answer Brazil, Russia, India, China, South Africa patent - Answer protects inventions and improvements to existing inventions for a limited time period in exchange for Detailed public exposure of those inventions NAFTA (North American Free Trade Agreement) - Answer an agreement among the United States, Canada and Mexico designed to remove tariff barriers between the three countries. EC - Answer European Community VER - Answer voluntary export restraint Macroeconomics - Answer a branch of economics dealing with the performance, structure, behavior, and decision making of an economy as a whole GDP - Answer Gross Domestic Product GNP - Answer Gross National Product LDC - Answer Less Developed Country TNC - Answer transnational corporation privitalization - Answer selling government holding to private companies Deregulation - Answer the removal of regulations or restrictions in a particular industry AAA rating - Answer the highest possible rating that may be assigned by a credit rating agency for a bond debt instruments - Answer a tool used by a company or any other entity to raise money or capital IBRD - Answer International Bank for Reconstruction and Development IDA - Answer International Development Association IFC - Answer International Finance Corporation MIGA - Answer multilateral investment guaranty agency ICSID - Answer International Centre for Settlement of Investment Disputes IFC - Answer International Finance Corporation CSO - Answer civil society organization