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WGU C211 PENG END OF CHAPTER QUIZZES 1, 2, 5, 6, 7, 10, 11 QUESTIONS WITH 100% CORRECT ANSWERS

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WGU C211 PENG END OF CHAPTER QUIZZES 1, 2, 5, 6, 7, 10, 11 QUESTIONS WITH 100% CORRECT ANSWERS

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WGU C211
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Institution
WGU C211
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WGU C211

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Uploaded on
December 1, 2025
Number of pages
41
Written in
2025/2026
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Imagine that a Japanese toy producer has developed a group of animated characters
that look quite different from American-style animated characters. They have used
these characters on numerous product lines, including trading cards, games, and
clothing. To introduce the products to the American market, the firm produces a TV
show starring the characters and launches a massive advertising campaign. The firm
has successfully overcome the liability of foreignness by:


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changing informal institutions.




Which of the following statements regarding totalitarianism is true?


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, Communist totalitarianism centers on a communist party, while right-wing
totalitarianism is characterized by its intense hatred of communism.
Theocratic totalitarianism refers to the monopolization of political power in
the hands of one religious party or group.
Tribal totalitarianism refers to one tribe or ethnic group (which may or may
not be the majority of the population) monopolizing political power and
oppressing other tribes or ethnic groups.




Globalization can be viewed as:


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a new force sweeping through the world in recent times.
a long-run historical evolution since the dawn of human history.
a pendulum that swings from one extreme to another from time to time




Foreign exchange rates are influenced by:


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interest rates and money supply.
supply and demand of the currencies.
relative price differences and purchasing power parity.




Which of the following are examples of ownership, location, and internalization (OLI)
advantages?


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, Possession of valuable foreign assets
Unique natural resources that provide advantages to the firm
Replacement of cross-border markets with one firm operating in two
markets




Multinational enterprises (MNEs) are:


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firms that engage in foreign direct investment (FDI).




Which of the following is an advantage of a strong dollar?


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US consumers benefit from low prices on imported products.




Which of the following is NOT a motivation for trading internationally?


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Institutions can either limit or facilitate trade.




A multinational enterprise (MNE) is:


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, a firm that engages in foreign direct investments.




Which of the following entry modes is considered a non equity method?


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Exports




Which of the following factors do NOT drive economic development in different
countries?


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Political system




How do firms create value when engaging rivals?


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Launch products in multiple markets.
Secure patents on key products.
Hold a dominant position in key markets.




What are some possible benefits to studying global business?


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