C211 WGU 2025 GLOBAL ECONOMICS
FOR MANAGERS EXAM MOST TESTED
450 QUESTIONS WITH VERIFIED
ANSWERS ALREADY GRADED A+ |
ASSURED SUCCESS
Base of the pyramid (BOP) - ✔✔Economies where people make less than $2,000
per capita per year.
BRICA - ✔✔Brazil, Russia, India, and China.
Emerging economies - ✔✔term that has gradually replaced the term
"developing countries" since the 1990s.
Emerging markets - ✔✔A term that is often used interchangeably with
"emerging economies."
Expatriate manager - ✔✔A manager who works abroad, or "expat" for short.
Foreign direct investment (FDI) - ✔✔Investment in, controlling, and managing
value-added activities in other countries.
Global Business - ✔✔Business around the globe.
Globalization - ✔✔The close integration of countries and peoples of the world.
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Gross domestic product (GDP) - ✔✔The sum of value added by resident firms,
households, and governments operating in an economy.
Gross national income (GNI) - ✔✔GDP plus income from non-resident sources
abroad. The term used by the World Bank and other international organizations
to supersede the term GNP.
Gross national product (GNP) - ✔✔GDP plus income from non-resident sources
abroad
Group of 20 (G-20) - ✔✔The group of 19 major countries plus the European
Union (EU) whose leaders meet on a biannual basis to solve global economic
problems.
International business (IB) - ✔✔(1) A business (or firm) that engages in
international (cross-border) economic activities and/or (2) the action of doing
business abroad.
International premium - ✔✔A significant pay raise when working overseas.
Liability of foreignness - ✔✔The inherent disadvantage that foreign firms
experience in host countries because of their non-native status.
Multinational enterprise (MNE) - ✔✔A firm that engages in foreign direct
investment (FDI).
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Nongovernmental organization (NGO) - ✔✔An organization that is not affiliated
with governments.
Purchasing power parity (PPP) - ✔✔A conversion that determines the
equivalent amount of goods and services that different currencies can purchase.
Reverse innovation - ✔✔An innovation that is adopted first in emerging
economies and is then diffused around the world.
Risk management - ✔✔The identification and assessment of risks and the
preparation to minimize the impact of high-risk, unfortunate events.
Scenario planning - ✔✔A technique to prepare and plan for multiple scenarios
(either high or low risk).
Semiglobalization - ✔✔A perspective that suggests that barriers to market
integration at borders are high, but not high enough to insulate countries from
each other completely.
Triad - ✔✔North America, Western Europe, and Japan.
Purchasing power parity (PPP) - ✔✔adjustment made to the GDP to reflect
differences in the cost of living
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, The bottom billion - ✔✔Concentrated in Africa and Central Asia - 58 small
countries, stuck at the bottom in terms of growth, incomes and human
development
Enhance employability & advance career, better preparation to be expat,
competence in interacting with foreign
suppliers/partners/competitors/employees - ✔✔Why study global business?
Institution-based view - ✔✔A core perspective. Success and failure of firms are
constrained by institutions
Formal rules - ✔✔requirements that treat domestic and foreign firms as equals
enhance the potential odds
for foreign firms' success or those that discriminate against foreign firms, would
undermine the chances for foreign entrants
Informal rules - ✔✔cultures, ethics, and norms play an important part in
shaping the success and failure of firms around the globe
Resource-based view - ✔✔A core perspective. Success and failure of firms is
determined by their environment
New force in recent times, a long-running historical evolution, a pendulum
swinging between extremes - ✔✔What are the three views of globalization?
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
FOR MANAGERS EXAM MOST TESTED
450 QUESTIONS WITH VERIFIED
ANSWERS ALREADY GRADED A+ |
ASSURED SUCCESS
Base of the pyramid (BOP) - ✔✔Economies where people make less than $2,000
per capita per year.
BRICA - ✔✔Brazil, Russia, India, and China.
Emerging economies - ✔✔term that has gradually replaced the term
"developing countries" since the 1990s.
Emerging markets - ✔✔A term that is often used interchangeably with
"emerging economies."
Expatriate manager - ✔✔A manager who works abroad, or "expat" for short.
Foreign direct investment (FDI) - ✔✔Investment in, controlling, and managing
value-added activities in other countries.
Global Business - ✔✔Business around the globe.
Globalization - ✔✔The close integration of countries and peoples of the world.
1|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Gross domestic product (GDP) - ✔✔The sum of value added by resident firms,
households, and governments operating in an economy.
Gross national income (GNI) - ✔✔GDP plus income from non-resident sources
abroad. The term used by the World Bank and other international organizations
to supersede the term GNP.
Gross national product (GNP) - ✔✔GDP plus income from non-resident sources
abroad
Group of 20 (G-20) - ✔✔The group of 19 major countries plus the European
Union (EU) whose leaders meet on a biannual basis to solve global economic
problems.
International business (IB) - ✔✔(1) A business (or firm) that engages in
international (cross-border) economic activities and/or (2) the action of doing
business abroad.
International premium - ✔✔A significant pay raise when working overseas.
Liability of foreignness - ✔✔The inherent disadvantage that foreign firms
experience in host countries because of their non-native status.
Multinational enterprise (MNE) - ✔✔A firm that engages in foreign direct
investment (FDI).
2|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Nongovernmental organization (NGO) - ✔✔An organization that is not affiliated
with governments.
Purchasing power parity (PPP) - ✔✔A conversion that determines the
equivalent amount of goods and services that different currencies can purchase.
Reverse innovation - ✔✔An innovation that is adopted first in emerging
economies and is then diffused around the world.
Risk management - ✔✔The identification and assessment of risks and the
preparation to minimize the impact of high-risk, unfortunate events.
Scenario planning - ✔✔A technique to prepare and plan for multiple scenarios
(either high or low risk).
Semiglobalization - ✔✔A perspective that suggests that barriers to market
integration at borders are high, but not high enough to insulate countries from
each other completely.
Triad - ✔✔North America, Western Europe, and Japan.
Purchasing power parity (PPP) - ✔✔adjustment made to the GDP to reflect
differences in the cost of living
3|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, The bottom billion - ✔✔Concentrated in Africa and Central Asia - 58 small
countries, stuck at the bottom in terms of growth, incomes and human
development
Enhance employability & advance career, better preparation to be expat,
competence in interacting with foreign
suppliers/partners/competitors/employees - ✔✔Why study global business?
Institution-based view - ✔✔A core perspective. Success and failure of firms are
constrained by institutions
Formal rules - ✔✔requirements that treat domestic and foreign firms as equals
enhance the potential odds
for foreign firms' success or those that discriminate against foreign firms, would
undermine the chances for foreign entrants
Informal rules - ✔✔cultures, ethics, and norms play an important part in
shaping the success and failure of firms around the globe
Resource-based view - ✔✔A core perspective. Success and failure of firms is
determined by their environment
New force in recent times, a long-running historical evolution, a pendulum
swinging between extremes - ✔✔What are the three views of globalization?
4|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
