WGU C211 - Global Economics for Managers
Exam () Questions and Verified
Answers, 100% Guarantee Pass
What core propositions lie at the root of the institution based view on
global business?
- correct answer -
(1) managers and firms rationally pursue their interests and make choices
within institutional constraints (bounded rationality) (2) in situations where
formal constraints are unclear or fail, informal constraints play a larger role
in reducing uncertainty and providing constancy to managers and firms
(personal relationships and connections)
Views on Globalization
,- correct answer -
New, Evolutionary, and Pendulum
"New" view on globalization
- correct answer -
A force sweeping through the world in recent times.
"Evolutionary" view on globalization
- correct answer -
A long-run historical evolution since the dawn of human history
"Pendulum" view on globalization
- correct answer -
One that swings from one extreme to another from time to time
Foreign Direct Investment
- correct answer -
Direct investment in, control, and management of value-added activities in
other countries
Political views on FDI
,- correct answer -
Radical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI
- correct answer -
Capital Inflow, Technology Spillover, Advanced Management Know-How,
Job creation
Costs to a country receiving FDI
- correct answer -
Loss of Sovereignty, Adverse effects on competition, Capital outflow.
How do resources and capabilities influence the competitive dynamics of a
business?
- correct answer -
Resource similarity and market commonality can yield a powerful
framework for competitor analysis.
Resource similarity
- correct answer -
The extent to which a given competitor possesses strategic endowment
, comparable, in terms of both type and amount, to those of the focal firm.
How does resource similarity impact competitive dynamics?
- correct answer -
Firms with a high degree are likely to have similar competitive actions.
(Starbuck's instant coffee & McDonald's iced coffee)
Classical theories of international trade
- correct answer -
Mercantilism, Absolute advantage, and Comparative advantage
Modern theory view
- correct answer -
Dynamic
Classical theory view
- correct answer -
Static
Absolute advantage
- correct answer -
Exam () Questions and Verified
Answers, 100% Guarantee Pass
What core propositions lie at the root of the institution based view on
global business?
- correct answer -
(1) managers and firms rationally pursue their interests and make choices
within institutional constraints (bounded rationality) (2) in situations where
formal constraints are unclear or fail, informal constraints play a larger role
in reducing uncertainty and providing constancy to managers and firms
(personal relationships and connections)
Views on Globalization
,- correct answer -
New, Evolutionary, and Pendulum
"New" view on globalization
- correct answer -
A force sweeping through the world in recent times.
"Evolutionary" view on globalization
- correct answer -
A long-run historical evolution since the dawn of human history
"Pendulum" view on globalization
- correct answer -
One that swings from one extreme to another from time to time
Foreign Direct Investment
- correct answer -
Direct investment in, control, and management of value-added activities in
other countries
Political views on FDI
,- correct answer -
Radical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI
- correct answer -
Capital Inflow, Technology Spillover, Advanced Management Know-How,
Job creation
Costs to a country receiving FDI
- correct answer -
Loss of Sovereignty, Adverse effects on competition, Capital outflow.
How do resources and capabilities influence the competitive dynamics of a
business?
- correct answer -
Resource similarity and market commonality can yield a powerful
framework for competitor analysis.
Resource similarity
- correct answer -
The extent to which a given competitor possesses strategic endowment
, comparable, in terms of both type and amount, to those of the focal firm.
How does resource similarity impact competitive dynamics?
- correct answer -
Firms with a high degree are likely to have similar competitive actions.
(Starbuck's instant coffee & McDonald's iced coffee)
Classical theories of international trade
- correct answer -
Mercantilism, Absolute advantage, and Comparative advantage
Modern theory view
- correct answer -
Dynamic
Classical theory view
- correct answer -
Static
Absolute advantage
- correct answer -
