2
WGU D080 Managing in a Global Business Environment
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Exam with accurate detailed solutions
|| || || ||
Convention (1999) that aimed to eliminate all practices of child slavery or those similar to
|| || || || || || || || || || || || || || ||
slavery - ✔✔Worst Forms of Child Labour Convention - 1999
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What four fundamental aspects of globalization were identified by the IMF in 2000? - ✔✔-
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trade and transactions
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- capital and investment movements
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- the migration and movement of people
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- the dissemination of knowledge
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What environmental challenges are linked with globalization? - ✔✔global warming, cross-
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boundary water and air pollution, and overfishing in the ocean
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What are the three main areas of globalization? - ✔✔economic, cultural, and political
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How would you study the barriers to cross-border economic activity? - ✔✔CAGE analysis
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Culture, Administration, Geography, Economics
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What are the major functions of the IMF? - ✔✔The IMF helps maintain liquidity of global
|| || || || || || || || || || || || || || || ||
funding by providing a straight-forward method for nations to borrow and loan to each
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other through a mechanism called the special drawing right.
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What are some criticisms of the IMF? - ✔✔The conditions put on the loan require the
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recipient country to have a policy of austerity. This policy, which usually results in a cut in
|| || || || || || || || || || || || || || || || ||
, 2
funding for social programs, can have a significant effect on citizens who are living in
|| || || || || || || || || || || || || || ||
poverty, according to critics of the IMF. || || || || || ||
Other criticisms of the IMF address a lack of representation by the global south and an
|| || || || || || || || || || || || || || || ||
overrepresentation by the United States. || || || ||
What are the priorities and goals of the World Bank? - ✔✔- three priorities: helping build
|| || || || || || || || || || || || || || || ||
sustainable economic growth, investing in people, and building resilience to shocks and
|| || || || || || || || || || || ||
threats. ||
- two goals: end extreme poverty, improve the income of the lowest 40% of citizens in each
|| || || || || || || || || || || || || || || || ||
country.
What are some criticisms of the World Bank? - ✔✔- the hegemony or power imbalance in
|| || || || || || || || || || || || || || || ||
the leadership of both organizations.
|| || || || ||
- enforced conditionality, or structural reforms causing harm, not help to developing
|| || || || || || || || || || || ||
countries.
- the World Bank's support for privatization in general and specifically in the health sector.
|| || || || || || || || || || || || || ||
- not considering how funding projects will adversely affect the environment.
|| || || || || || || || || ||
- emerging markets, particularly China, frustrated with their lack of influence in the World
|| || || || || || || || || || || || || ||
Bank.
What is the purpose of the WTO? - ✔✔The World Trade Organization serves as trade
|| || || || || || || || || || || || || || ||
moderator in the world. Governments determine how much and what to trade after voting
|| || || || || || || || || || || || || ||
on trade policies that all governments must follow. The World Trade Organization enforces
|| || || || || || || || || || || || ||
rules and reviews each government's trade policies to evaluate for fairness and transparency.
|| || || || || || || || || || || ||
What are some criticisms of the WTO? - ✔✔- the required review of a nation's trade policies
|| || || || || || || || || || || || || || || ||
compromises national sovereignty.
|| || ||
- WTO trade rules prohibit tariff protections.
|| || || || || ||
- The most favored nation policy can give multinational companies an unfair advantage.
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WGU D080 Managing in a Global Business Environment
|| || || || || || || ||
Exam with accurate detailed solutions
|| || || ||
Convention (1999) that aimed to eliminate all practices of child slavery or those similar to
|| || || || || || || || || || || || || || ||
slavery - ✔✔Worst Forms of Child Labour Convention - 1999
|| || || || || || || || ||
What four fundamental aspects of globalization were identified by the IMF in 2000? - ✔✔-
|| || || || || || || || || || || || || || ||
trade and transactions
|| ||
- capital and investment movements
|| || || ||
- the migration and movement of people
|| || || || || ||
- the dissemination of knowledge
|| || || ||
What environmental challenges are linked with globalization? - ✔✔global warming, cross-
|| || || || || || || || || ||
boundary water and air pollution, and overfishing in the ocean
|| || || || || || || || ||
What are the three main areas of globalization? - ✔✔economic, cultural, and political
|| || || || || || || || || || || ||
How would you study the barriers to cross-border economic activity? - ✔✔CAGE analysis
|| || || || || || || || || || || ||
Culture, Administration, Geography, Economics
|| || ||
What are the major functions of the IMF? - ✔✔The IMF helps maintain liquidity of global
|| || || || || || || || || || || || || || || ||
funding by providing a straight-forward method for nations to borrow and loan to each
|| || || || || || || || || || || || || ||
other through a mechanism called the special drawing right.
|| || || || || || || ||
What are some criticisms of the IMF? - ✔✔The conditions put on the loan require the
|| || || || || || || || || || || || || || || ||
recipient country to have a policy of austerity. This policy, which usually results in a cut in
|| || || || || || || || || || || || || || || || ||
, 2
funding for social programs, can have a significant effect on citizens who are living in
|| || || || || || || || || || || || || || ||
poverty, according to critics of the IMF. || || || || || ||
Other criticisms of the IMF address a lack of representation by the global south and an
|| || || || || || || || || || || || || || || ||
overrepresentation by the United States. || || || ||
What are the priorities and goals of the World Bank? - ✔✔- three priorities: helping build
|| || || || || || || || || || || || || || || ||
sustainable economic growth, investing in people, and building resilience to shocks and
|| || || || || || || || || || || ||
threats. ||
- two goals: end extreme poverty, improve the income of the lowest 40% of citizens in each
|| || || || || || || || || || || || || || || || ||
country.
What are some criticisms of the World Bank? - ✔✔- the hegemony or power imbalance in
|| || || || || || || || || || || || || || || ||
the leadership of both organizations.
|| || || || ||
- enforced conditionality, or structural reforms causing harm, not help to developing
|| || || || || || || || || || || ||
countries.
- the World Bank's support for privatization in general and specifically in the health sector.
|| || || || || || || || || || || || || ||
- not considering how funding projects will adversely affect the environment.
|| || || || || || || || || ||
- emerging markets, particularly China, frustrated with their lack of influence in the World
|| || || || || || || || || || || || || ||
Bank.
What is the purpose of the WTO? - ✔✔The World Trade Organization serves as trade
|| || || || || || || || || || || || || || ||
moderator in the world. Governments determine how much and what to trade after voting
|| || || || || || || || || || || || || ||
on trade policies that all governments must follow. The World Trade Organization enforces
|| || || || || || || || || || || || ||
rules and reviews each government's trade policies to evaluate for fairness and transparency.
|| || || || || || || || || || || ||
What are some criticisms of the WTO? - ✔✔- the required review of a nation's trade policies
|| || || || || || || || || || || || || || || ||
compromises national sovereignty.
|| || ||
- WTO trade rules prohibit tariff protections.
|| || || || || ||
- The most favored nation policy can give multinational companies an unfair advantage.
|| || || || || || || || || || || ||
