WGU D080 Managing in a Global Business Environment Complete Study Guide, Practice Questions & Answers
WGU D080
Study online at https://quizlet.com/_acbag0
1. Globalization Worldwide interconnec-
tions in virtually every
sphere of activity includ-
ing the spread of prod-
ucts, technology, informa-
tion, and job opportuni-
ties. Globalization can re-
sult in blurred boundaries
between nations, organi-
zations, and investors
2. trade The action of buying and
selling goods and services
3. capital Financial assets such as
funds but also equipment,
facilities, and other means
of production
4. outsource To obtain goods or ser-
vices from an outside or
foreign supplier
5. nongovernmental organizations (NGOs) Not for profit organiza-
tions that are independent
of the government and
are active in humanitarian
causes
6. Which type of globalization refers to the international Economic
movement of goods, capital, and services?
7. patents
, WGU D080 Managing in a Global Business Environment Complete Study Guide, Practice Questions & Answers
WGU D080
Study online at https://quizlet.com/_acbag0
Protects inventions and
improvements to existing
inventions for a limited
period of time in ex-
change for detailed public
disclosure of those inven-
tions
8. copyrights A government authority or
license giving the owner of
an invention the right to
exclude others from mak-
ing or selling the invention
for a set period of time
9. trademarks Protection for any word,
name, symbol, device, or
any combination used in
commerce to identify and
distinguish the goods of
one manufacturer or seller
from goods manufactured
or sold by others
10. assets A useful or valuable thing;
something you own such
as building, inventory, or
cash
11. liabilities Being responsible for a
debt or financial obliga-
tion, something you owe
, WGU D080 Managing in a Global Business Environment Complete Study Guide, Practice Questions & Answers
WGU D080
Study online at https://quizlet.com/_acbag0
12. financial instrument A monetary contract be-
tween parties
13. multinational firms A large corporation incor-
porated in one country
which produces or sells
goods or services in vari-
ous countries
14. The 5 Stages of going Global Stage 1 ~ Market Entry
Stage 2 ~ Product Special-
ization
Stage 3 ~ Value Chain Dis-
aggregation
Stage 4 ~ Value Chain
Reengineering
Stage 5 ~ Creation of New
Markets
15. Economies of scale A proportionate savings in
costs gained by an in-
creased level of produc-
tion
16. Economies of scope To develop efficiencies in
terms of variety not vol-
ume
17. A CEO seeks to better use the economies of scale Cost
and scope of production to increase the international
company's profits.
Which type of globalization driver is the CEO seeking
to use?
, WGU D080 Managing in a Global Business Environment Complete Study Guide, Practice Questions & Answers
WGU D080
Study online at https://quizlet.com/_acbag0
18. A CEO is discussing an expansion of production of a Infrastructure
company's highly perishable dairy line in a country
that can offer low labor costs and good internet con-
nections. The country has no highways, and roads are
poorly maintained.
Which challenge to international business expansion
do the road conditions present?
19. Six Sigma A method that provides
tools for organizations to
increase performance and
decrease process varia-
tion
20. Which factor of CAGE addresses differences in country Economics
size that affect barriers to globalization?
21. Gini coefficient Measures the inequality
among values of a fre-
quency distribution such
as levels of income
22. Happy Planet Index Measures how well na-
tions are doing at achiev-
ing long, happy, sustain-
able lives
23. Which argument is used by critics who wish to discour- It increases the wealth of
age movement towards globalization? the rich rather than the
poor.
24. gross domestic product (GDP)
WGU D080
Study online at https://quizlet.com/_acbag0
1. Globalization Worldwide interconnec-
tions in virtually every
sphere of activity includ-
ing the spread of prod-
ucts, technology, informa-
tion, and job opportuni-
ties. Globalization can re-
sult in blurred boundaries
between nations, organi-
zations, and investors
2. trade The action of buying and
selling goods and services
3. capital Financial assets such as
funds but also equipment,
facilities, and other means
of production
4. outsource To obtain goods or ser-
vices from an outside or
foreign supplier
5. nongovernmental organizations (NGOs) Not for profit organiza-
tions that are independent
of the government and
are active in humanitarian
causes
6. Which type of globalization refers to the international Economic
movement of goods, capital, and services?
7. patents
, WGU D080 Managing in a Global Business Environment Complete Study Guide, Practice Questions & Answers
WGU D080
Study online at https://quizlet.com/_acbag0
Protects inventions and
improvements to existing
inventions for a limited
period of time in ex-
change for detailed public
disclosure of those inven-
tions
8. copyrights A government authority or
license giving the owner of
an invention the right to
exclude others from mak-
ing or selling the invention
for a set period of time
9. trademarks Protection for any word,
name, symbol, device, or
any combination used in
commerce to identify and
distinguish the goods of
one manufacturer or seller
from goods manufactured
or sold by others
10. assets A useful or valuable thing;
something you own such
as building, inventory, or
cash
11. liabilities Being responsible for a
debt or financial obliga-
tion, something you owe
, WGU D080 Managing in a Global Business Environment Complete Study Guide, Practice Questions & Answers
WGU D080
Study online at https://quizlet.com/_acbag0
12. financial instrument A monetary contract be-
tween parties
13. multinational firms A large corporation incor-
porated in one country
which produces or sells
goods or services in vari-
ous countries
14. The 5 Stages of going Global Stage 1 ~ Market Entry
Stage 2 ~ Product Special-
ization
Stage 3 ~ Value Chain Dis-
aggregation
Stage 4 ~ Value Chain
Reengineering
Stage 5 ~ Creation of New
Markets
15. Economies of scale A proportionate savings in
costs gained by an in-
creased level of produc-
tion
16. Economies of scope To develop efficiencies in
terms of variety not vol-
ume
17. A CEO seeks to better use the economies of scale Cost
and scope of production to increase the international
company's profits.
Which type of globalization driver is the CEO seeking
to use?
, WGU D080 Managing in a Global Business Environment Complete Study Guide, Practice Questions & Answers
WGU D080
Study online at https://quizlet.com/_acbag0
18. A CEO is discussing an expansion of production of a Infrastructure
company's highly perishable dairy line in a country
that can offer low labor costs and good internet con-
nections. The country has no highways, and roads are
poorly maintained.
Which challenge to international business expansion
do the road conditions present?
19. Six Sigma A method that provides
tools for organizations to
increase performance and
decrease process varia-
tion
20. Which factor of CAGE addresses differences in country Economics
size that affect barriers to globalization?
21. Gini coefficient Measures the inequality
among values of a fre-
quency distribution such
as levels of income
22. Happy Planet Index Measures how well na-
tions are doing at achiev-
ing long, happy, sustain-
able lives
23. Which argument is used by critics who wish to discour- It increases the wealth of
age movement towards globalization? the rich rather than the
poor.
24. gross domestic product (GDP)
