WGU D080 - Managing in a Global Business Environment Exam | Questions & Answers (GRADED A+)

AAA ratings - ANSWER - The highest possible rating that may be assigned by a credit rating agency for a bond absolute quota - ANSWER - A quota that strictly limits the quantity of goods that may enter a country. Ad valorem tariffs - ANSWER - Import taxes based on a fixed percentage of the assessed commercial value of imported goods agility - ANSWER - Ability to move quickly and flexibly algorithms - ANSWER - A process or set of rules to be followed in calculations especially by a computer antimonopoly laws/antitrust laws/competition laws - ANSWER - Consumer protection policy used to limit unfair business practices related to competition and control of prices Apple Inc. vs. Pepper - ANSWER - Antitrust court case in which a group of iPhone users have accused Apple of monopolistic practices via the App store artificial intelligence (AI) - ANSWER - Any type of computer that engages in humanlike activities assets - ANSWER - A useful or valuable thing; something you own such as building, inventory, or cash autarky - ANSWER - A political or economic system that becomes self-sufficient to survive. balance of payments - ANSWER - The difference in total value between payments into and out of the country over a period of time barriers to entry - ANSWER - The obstacles that make it difficult for a new company to enter a given market. These barriers may include technology challenges, high start-up costs, or government regulations