WGU D080 Final Exam with Complete Questions & Answers (SCORED A+)

A company would like to use a human resource approach that leads to more fluid movement among employees and creates diversity in the workforce. Assignment decisions are made jointly by the headquarters and the field offices. Which human resource approach should be used by this company? - ANSWER - Geocentric Worldwide interconnections in virtually every sphere of activity including the spread of products, technology, information, and job opportunities. Globalization can result in blurred boundaries between nations, organizations, and investors - ANSWER - Globalization The action of buying and selling goods and services - ANSWER - trade Financial assets such as funds but also equipment, facilities, and other means of production - ANSWER - capital To obtain goods or services from an outside or foreign supplier - ANSWER - outsource Not for profit organizations that are independent of the government and are active in humanitarian causes - ANSWER - nongovernmental organizations (NGOs) Which type of globalization refers to the international movement of goods, capital, and services? - ANSWER - Economic Protects inventions and improvements to existing inventions for a limited period of time in exchange for detailed public disclosure of those inventions - ANSWER - patents A government authority or license giving the owner of an invention the right to exclude others from making or selling the invention for a set period of time - ANSWER - copyrights Protection for any word, name, symbol, device, or any combination used in commerce to identify and distinguish the goods of one manufacturer or seller from goods manufactured or sold by others - ANSWER - trademarks A useful or valuable thing; something you own such as building, inventory, or cash - ANSWER - assets Being responsible for a debt or financial obligation, something you owe - ANSWER - liabilities A monetary contract between parties - ANSWER - financial instrument A large corporation incorporated in one country which produces or sells goods or services in various countries - ANSWER - multinational firms 5 stages of going global - ANSWER - Stage 1 ~ Market Entry Stage 2 ~ Product Specialization Stage 3 ~ Value Chain Disaggregation Stage 4 ~ Value Chain Reengineering Stage 5 ~ Creation of New Markets A proportionate savings in costs gained by an increased level of production - ANSWER - Economies of scale To develop efficiencies in terms of va