WGU C211 OA COMPREHENSIVE REVIEW
SHEET VERIFIED QUESTION BANK
●● Purchasing power parity (PPP)
Answer: A conversion that determines the equivalent amount of goods
and services that different currencies can purchase
●● Scenario planning
Answer: A technique to prepare and plan for multiple scenarios (either
high or low risk)
●● Risk management
Answer: The identification and assessment of risks and the preparation
to minimize the impact of high-risk unfortunate events
●● Gross national income
Answer: GDP plus income from non-resident sources abroad. GNI is the
term used by the World Bank and other international organizations to
supersede the term GNP.
●● Gross national product (GNP)
Answer: GDP plus income from non-resident sources abroad
,●● Reverse Innovation
Answer: An innovation that is adopted first in emerging economies an is
then diffused around the world
●● International business (IB)
Answer: (1) A business (or firm) that engages in international
(crossborder) economic activities and/or (2) the action of doing business
abroad
●● semiglobalization
Answer: A perspective that suggests that barriers to market integration at
borders are high, but not high enough to insulate countries from each
other completely
●● BRIC
Answer: Brazil, Russia, India, and China
●● base of the pyramid (BOP)
Answer: Economies where people make less than $2,000 per capita per
year
●● Emerging economies
Answer: A term that has gradually replaced the term "developing
countries" since the 1990s
,●● emerging markets
Answer: A term that is often used interchangeably with "emerging
economies"
●● nongovernmental organizations (NGOs)
Answer: An organization that is not affiliated with governments
●● expatriate manager
Answer: A manager who works abroad, or "expat" for short
●● gross domestic product (GDP)
Answer: The sum of value added by resident firms, households, and
government operating in an economy
●● foreign direct investment (FDI)
Answer: Investment in, controlling, and managing value-added activities
in other countries
●● Group of 20 (G-20)
Answer: The group of 19 major countries plus the European Union (EU)
whose leaders meet on a biannual basis to solve global economic
problems.
, ●● liability of foreignness
Answer: The inherent disadvantage that foreign firms experience in host
countries because of their non-native status.
●● global business
Answer: Business around the globe
●● international premium
Answer: A significant pay raise when working overseas
●● multinational enterprise (MNE)
Answer: A firm that engages in foreign direct investment (FDI)
●● Triad
Answer: North America, Western Europe, Japan
●● normative pillar
Answer: The mechanism through which norms influence individual and
firm behaviour
●● transaction costs
SHEET VERIFIED QUESTION BANK
●● Purchasing power parity (PPP)
Answer: A conversion that determines the equivalent amount of goods
and services that different currencies can purchase
●● Scenario planning
Answer: A technique to prepare and plan for multiple scenarios (either
high or low risk)
●● Risk management
Answer: The identification and assessment of risks and the preparation
to minimize the impact of high-risk unfortunate events
●● Gross national income
Answer: GDP plus income from non-resident sources abroad. GNI is the
term used by the World Bank and other international organizations to
supersede the term GNP.
●● Gross national product (GNP)
Answer: GDP plus income from non-resident sources abroad
,●● Reverse Innovation
Answer: An innovation that is adopted first in emerging economies an is
then diffused around the world
●● International business (IB)
Answer: (1) A business (or firm) that engages in international
(crossborder) economic activities and/or (2) the action of doing business
abroad
●● semiglobalization
Answer: A perspective that suggests that barriers to market integration at
borders are high, but not high enough to insulate countries from each
other completely
●● BRIC
Answer: Brazil, Russia, India, and China
●● base of the pyramid (BOP)
Answer: Economies where people make less than $2,000 per capita per
year
●● Emerging economies
Answer: A term that has gradually replaced the term "developing
countries" since the 1990s
,●● emerging markets
Answer: A term that is often used interchangeably with "emerging
economies"
●● nongovernmental organizations (NGOs)
Answer: An organization that is not affiliated with governments
●● expatriate manager
Answer: A manager who works abroad, or "expat" for short
●● gross domestic product (GDP)
Answer: The sum of value added by resident firms, households, and
government operating in an economy
●● foreign direct investment (FDI)
Answer: Investment in, controlling, and managing value-added activities
in other countries
●● Group of 20 (G-20)
Answer: The group of 19 major countries plus the European Union (EU)
whose leaders meet on a biannual basis to solve global economic
problems.
, ●● liability of foreignness
Answer: The inherent disadvantage that foreign firms experience in host
countries because of their non-native status.
●● global business
Answer: Business around the globe
●● international premium
Answer: A significant pay raise when working overseas
●● multinational enterprise (MNE)
Answer: A firm that engages in foreign direct investment (FDI)
●● Triad
Answer: North America, Western Europe, Japan
●● normative pillar
Answer: The mechanism through which norms influence individual and
firm behaviour
●● transaction costs
