WGU C211 Objective Assessment Global Economics for Managers Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024)

WGU C211 Objective Assessment Global Economics for Managers Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Q: theory that suggests that intervention by governments in certain industries can enhance their odds for international success Answer: strategic trade Q: if a company seeks to limit foreign exchange rate exposure in the forward direction, what is the most effective way to do this? Answer: currency hedging Q: exchange rate risk associating with the time delay between entering a contract and settling it Answer: transaction risk Q: forward transaction that protects traders and investors from exposure to fluctuations of the spot rate Answer: hedging Q: a means of spreading out activities in different currency zones in order to offset the currency losses in certain regions through gains in other regions Answer: strategic heding Q: amount of resources committed to entering a foreign market Answer: scale of entry Q: how do institutions reduce uncertainty? Answer: by signaling which conduct is legit and which is not Q: pillar of formal institution, coercive power of government Answer: regulatory Q: pillar of informal institution, the mechanism through which norms influence individual and firm behavior Answer: normative Q: pillar of informal institution, taken for granted values and beliefs that guide behavior Answer: cognitive Q: institutions represented by laws, regulations and rules Answer: formal Q: institutions represented by norms, culture and ethics Answer: informal Q: the necessity of making rational decisions in the absence of complete information Answer: bounded rationality Q: bounded rationality is a position in which view of global business Answer: institution Q: political system that affects global business with an individuals right to freedom of expression and organization Answer: democracy Q: political system that affects global business with hostility towards business, higher political risk such as nationalism Answer: totalitarianism Q: political system where citizens elect representatives to govern the country on their behalf Answer: democracy Q: political system where one person or party exercises absolute political control over the population Answer: totalitarianism Q: law that uses comprehensive statutes and codes as a primary means to form legal judgements Answer: civil Q: law that is shaped by precedents and traditions from previous judicial decisions Answer: common