WGU C211 Global Economics for Managers OA Exam | Verified Q&A with Passing Score Guarantee

WGU C211 Global Economics for Managers qu
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estions and answers 2026/2027 update| 100% pb b b b bb b




assing guarantee b




1. Base of the pyramid (BOP)
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- ✔✔ANSWER Economies where people make less than $2,000 per capita per year.
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2. BRICA

- ✔✔ANSWER Brazil, Russia, India, and China.
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3. Emerging economies b




- ✔✔ANSWER term that has gradually replaced the term "developing countries" si
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nce the 1990s.
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4. Emerging markets b




- ✔✔ANSWER A term that is often used interchangeably with "emerging e
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conomies."

5. Expatriate manager b




- ✔✔ANSWER A manager who works abroad, or "expat" for short.
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6. Foreign direct investment (FDI)
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- ✔✔ANSWER Investment in, controlling, and managing val- ue-
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added activities in other countries.
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,7. Global Business b




- ✔✔ANSWER Business around the globe. bb b b b




8. Globalization

- ✔✔ANSWER The close integration of countries and peoples of the world.
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9. Gross domestic product (GDP)
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- ✔✔ANSWER The sum of value added by resident firms, households, and g
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overnments operating in an economy.
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10. Gross national income (GNI)
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- ✔✔ANSWER GDP plus income from non- bb b b b b




resident sources abroad. The term used by the World Bank and other internationa
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l organizations to supersede the term GNP.
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11. Gross national product (GNP)
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- ✔✔ANSWER GDP plus income from non-resident sources abroad
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12. Group of 20 (G-20) b b b




- ✔✔ANSWER The group of 19 major countries plus the European Union (EU) w
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hose leaders meet on a biannual basis to solve global economic problems.
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13. International business (IB) b b




- ✔✔ANSWER (1) A business (or firm) that engages in internation- al (cross-
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border) economic activities and/or (2) the action of doing business abroad.
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,14. International premium b




- ✔✔ANSWER A significant pay raise when working overseas.
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15. Liability of foreignness
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- ✔✔ANSWER The inherent disadvantage that foreign firms experi-
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ence in host countries because of their non-native status.
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16. Multinational enterprise (MNE) b b




- ✔✔ANSWER A firm that engages in foreign direct invest- ment (FDI).
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17. Nongovernmental organization (NGO) b b




- ✔✔ANSWER An organization that is not affiliated with governments.
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18. Purchasing power parity (PPP) b b b




- ✔✔ANSWER A conversion that determines the equivalent amount of goods and s
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ervices that different currencies can purchase.
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19. Reverse innovation b




- ✔✔ANSWER An innovation that is adopted first in emerging economies and is then dif
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fused around the world.
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20. Risk management
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- ✔✔ANSWER The identification and assessment of risks and the prepa-
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ration to minimize the impact of high-risk, unfortunate events.
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21. Scenario planning b




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, - ✔✔ANSWER A technique to prepare and plan for multiple scenarios (either hi
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gh or low risk).
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