WGU C211 Globalization (peng 1,5,6,11) Exam Practice Questions with 100% Correct Answers

WGU C211 Globalization (peng 1,5,6,11) Exam Practice Questions with 100% Correct Answers global business - Correct Answer ️️ -business around the globe international business - Correct Answer ️️ -business (firm) that engages in international (cross -border) economic activities and the action of doing business abroad. base of the pyramid - Correct Answer ️️ -part of the view of the global economy as a pyramid. The vast majority of humanity, about four billion people, lives at the base making less than $2,000 a year BRIC - Correct Answer ️️ -Brazil, Russia, India, China emerging economies - Correct Answer ️️ -Developing countries, such as India or Singapore, that over the past two or three decades have begun to develop a strong industrial base. emerging markets - Correct Answer ️️ -another name for emerging economies foreign direct investment (FDI) - Correct Answer ️️ -direct investment in, control, and management of value-added activities in other countries Gross Domestic Product (GDP) - Correct Answer ️️ -A nation's total output of goods and services Gross National Product (GNP) - Correct Answer ️️ -GDP plus income from non- resident sources abroad Gross National Income (GNI) - Correct Answer ️️ -GNI is the term used by the World Bank and other international organizations to supersede the term GNP but is the same. International Business (IB) - Correct Answer ️️ -a business firm that engages in international (cross border) economic activities and/or the action of doing business abroad Multinational Enterprise (MNE) - Correct Answer ️️ -a firm that engages in foreign direct investment by directly investing in, controlling, and managing value-added activities in other countries Purchasing Power Parity (PPP) - Correct Answer ️️ -An adjustment in gross domestic product per capita to reflect differences in the cost of living reverse innovation - Correct Answer ️️ -an innovation that is adopted first in emerging economies and then diffused around the world. triad - Correct Answer ️️ -refers to the developed economies in the three regions that consist of North America, Western Europe, and Japan purpose of studying global business - Correct Answer ️️ -to better compete in the corporate world that will require global expertise and to enhance your understanding of what is going on in the global economy Expatriate Manager - Correct Answer ️️ -a mana