WGU D080 Managing in a Global Business Environment Exam 2023/2024 with complete solution 150 Questions

WGU D080 Managing in a Global Business Environment Exam 2023/2024 with complete solution 150 Questions A farmers market has many vendors and consumers who all sell and buy the same produce at the same price. Which type of market is represented? Perfect competition 3 multiple choice options A sole, national telephone company was found violating antitrust laws and was forced to separate into regional companies. What caused the violation of the antitrust laws? Reduced competition 3 multiple choice options Many countries from several geographic regions are accused of dumping steel into the U.S. market at unfairly low prices. Which entity can the United States appeal to in order to correct this apparent market manipulation? World Trade Organization 3 multiple choice options Are aimed at regulating consumer affairs and safeguarding the market from anticompetitive practices, particularly from large companies that may hold a monopoly. Antitrust laws Attempts to establish global standards in competitive markets in conjunction with the internal competitive laws that govern each nation individually. The World Trade Organization (WTO) A person who needs, uses, or has used a particular service or product and who are vulnerable when there is little market competition because corporations can control prices. Consumers Was the first American antitrust policy. It dealt with limiting the power of price-controlling cartels. Its scope has since been expanded to include a range of anticompetitive practices. The Sherman Antitrust Act (1890) ________________ has a centralized administrative system for antitrust enforcement, whereas antitrust enforcement in the ___________ is considered a matter of criminal law The EU and United States This treaty was region-specific to reduce pollution and protect the animals living in the Antarctic region. The treaty was negotiated in 1991. Antarctic 3 multiple choice options Which of these agreements or treaties was to combat increased temperatures of global climate change? Paris 3 multiple choice options This treaty ended World War I. Versailles This agreement was completed in 2016 to stop or at least slow global warming. Not all countries agreed to these goals. Paris 3 multiple choice options This treaty was designed to bring the European Union closer. Ultimately, this treaty caused the development of a single currency, the euro. Maastricht 3 multiple choice options Everyone has the right to enjoy their environment and use some of its resources for their survival. This requires a shared commitment to maintain the quality of environmental resources. Collective Environment is charged with monitoring the environmental practices of industry. They have carried out bilateral programs with many countries, allowing other nations—particularly countries with economies in transition—to benefit from U.S. experience in developing appropriate and successful environmental measure The EPA Which action is used by companies wishing to avoid working with vendors who use sweatshops? Developing and imposing a company internal code of conduct for vendor labor practices 3 multiple choice options A major footwear brand company is contracting the manufacturing of its products to a contractor's manufacturing plant overseas. The footwear company has been accused of turning a blind eye to sweatshop practices at other overseas contract locations before. How should the footwear company ensure that the contractor will comply with the standards set forth in the code of conduct that explicitly prohibit this practice? Require that the factories be available for inspections 3 multiple choice options What did the Worst Forms of Child Labor Convention, 1999 define? The age at which a person becomes an adult 3 multiple choice options This convention defines a child as a person under 18 years of age and aims to eliminate all practices of slavery or those similar to slavery, such as the sale and trafficking of children, debt bondage, forced or compulsory recruitment of children for use in armed conflict, child prostitution, and so on. The convention requires states to provide appropriate assistance to remove children from such situations and provide their rehabilitation and education. Worst Forms of Child Labour Convention, 1999 2 multiple choice options Which convention protects decent working hours for a cruise ship director who travels in international waters? Maritime Labor Convention, 2006 Provides for times in which a government can require or compel individuals to serve, such as in cases of military need. The scenario does not describe that the cruise ship director is being forced to work on the cruise ship because of any government or military needs. Forced Labor Convention Sometimes called the "Seafarer's Bill of Rights," protects the rights of seafaring workers and is law for multiple countries. This convention protects decent working hours for a cruise ship director that travels in international waters. Maritime Labor Convention, 2006 Provides for equal compensations for men and women that perform work of equal value. Domestic Workers Convention, 2011 Which result occurs when a legally enforceable contract between two businesses from different countries is broken? The party who has been affected can seek damages so the business can be made whole as if the breach of contract did not occur. Which two primary sources of law govern contracts in the United States? The common law and the Uniform Commercial Code How is contract law structured as it applies to global business among nations? Horizontal A structure of law where those at the top govern those at the bottom vertical structure Structure of law where neither party is in a legally dominant position over the other horizontal structure Business structure recognizes a legitimate law-creating authority that governs the people. vertical structure Applies to the sale of goods between parties from countries that are signatories on this treaty. It applies to contracts for international sale of commercial goods. UN Convention on Contracts for the International Sale of Goods (CISG) Has rules governing the obligations of parties, specifically to the offer, acceptance, and performance of sales contracts. It also deals with unfair contract terms and rules for merchants. UCC Article 2 is a company or brand's "mark," (e.g., its name, logo, motto etc.), which distinguishes it as the source of any services. Service mark/Trade Mark 3 multiple choice options is to protect ownership of artistic, literary, or dramatic expressions such as songs, music, motion pictures, poetry, fiction, and nonfiction writings. Copyright 3 multiple choice options is filed to protect the right to an innovative invention, which must be a manufactured product, an apparatus, chemical composition, or a manufacturing process. Patent 3 multiple choice options A WTO agreement that governs all IP laws and protects intellectual property rights for global businesses. TRIPS (Trade-Related Aspects of Intellectual Property Rights) What is the agreement that the World Trade Organization has between its member nations that governs all intellectual property laws? Trade-Related Aspects of Intellectual Property Rights (TRIPS) 3 multiple choice options This agency focuses on developing a global IP infrastructure. World Intellectual Property Organization (WIPO) 3 multiple choice options This agency monitors intellectual property rights around the world United States Trade Representative (USTR) 3 multiple choice options This is how the WTO mediates IP disputes. Alternative Dispute Resolution (ADR) 3 multiple choice options Charged with monitoring environmental practices of industry, assisting the government and private business to halt environmental deterioration, developing regulations consistent with federal