WGU D080 OA Study Guide- Managing in a Global Business Environment Complete Objective Assessment Review, Practice Questions &
WGU D080, D080 study for OA
Study online at https://quizlet.com/_jativy
1. What is globaliza- When international integration arises from the interchange of world views,
tion? products, ideas, and other aspects of cultures.
2. different types of 1. Economic
Globalization 2. Political
3. Cultural
3. Advantages of more trade, investments, information technology, faster economic development,
Economic global- and increased social being
ization
4. Disadvantages of benefits the rich at the expense of the poor, manufacturing job loss in developed
Economic global- countries, environmental damage, and unethical practices of labor
ization
5. Advantages of Po- more cooperation amount countries, formation of international or regional or-
litical globaliza- ganizations, NGOs
tion
6. Disadvantages of reduce the importance of nation-states, loss of sovereignty and power of local
Political globaliza- government
tion
7. Advantages of awareness of international community
Cultural globaliza-
tion
8. Disadvantages of loss of uniqueness of a country's culture
Cultural globaliza-
tion
9. What is interna- any situation where the production or distribution of goods or services crosses
tional business? country borders
, WGU D080 OA Study Guide- Managing in a Global Business Environment Complete Objective Assessment Review, Practice Questions &
WGU D080, D080 study for OA
Study online at https://quizlet.com/_jativy
10. What are oppor- New and large international markets offers possible more revenues, lower costs,
tunities for in- and access to advanced technology
ternational busi-
ness?
11. What are chal- Ethical business practice concerns, organizational structure (create new division),
lenges for in- public relations (build customer loyalty), leaderships, and legal and regulatory
ternational busi- structure
ness?
12. What are the 5 1. Market entry
stages of going 2. product specialization
global? 3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
13. Market Entry Companies enter new countries using business models similar to the ones
deployed in their home markets
14. Product special- Companies transfer the full production process of a particular product line to a
ization single, low-cost location and export the goods to various consumer markets
15. Value chain disag- Companies disaggregate the production process and focus on completing each
gregation activity in the most advantageous location
16. Value chain Companies seek to further increase their cost savings by reengineering their
reengineering processes to suit local market conditions by substituting lower cost labor for
capital
17. Creation of new creates new demand due to the reduction of ticket price
markets
18. 1. Market
2. Cost
, WGU D080 OA Study Guide- Managing in a Global Business Environment Complete Objective Assessment Review, Practice Questions &
WGU D080, D080 study for OA
Study online at https://quizlet.com/_jativy
What are the 4 dri- 3. Competition
vers of Globaliza- 4. Government
tion?
19. Market Opportunity for scale and convergence of needs (foreign consumers have the
same demand as domestic consumer, no need to redesign)
20. Cost - Economies of scale & scope: use same production facility for multiple proce-
dures.
- Exploiting cost of factors of production: labor cost reductions, natural resources
cost reduction
21. Competition New markets & increased levels of trade
22. Government Favorable policies, support for the industry ((can use tax bracket to attract FDI
and subsidies (free money) can help domestic business reduce cost and charge
lower price))
23. What did Thomas The world is flat view - the use of technology and internet has made it easier for
Friedman pro- businesses to conduct global operation
pose?
24. What did Ghe- The world is a multi-domestic world
mawat propose?
25. What is CAGE Culture, Administration, Geography, and Economics
analysis?
26. Culture (CAGE) Cultural difference could reduce country's trade volume
27. Administration Administrative similar countries trade more, countries hold membership of the
(CAGE) same trade
28. geographical distance between countries impact trade volume
, WGU D080 OA Study Guide- Managing in a Global Business Environment Complete Objective Assessment Review, Practice Questions &
WGU D080, D080 study for OA
Study online at https://quizlet.com/_jativy
Geography
(CAGE)
29. Economics (CAGE) differences in demographics and socioeconomics conditions such as standard
of living, factors of production costs, etc.
30. Anarchy individuals country the country, no government needed
31. Monarchy Royal power
32. Absolute monar- king/queen has absolute power
chy
33. constitutional queen is only symbol, prime minister has absolute admin. power
monarchy
34. Oligarchy Achieve power due to military, economic, or other powers, small group of elite
members
35. Dictatorship Single person
36. Democracy Equal voice or vote in determining state policy
37. Economic sys- determines a county's economic production of goods and services
tems
38. Traditional econo- - Farming
my - centered around family
- everyone consumes the same goods
- relies on bartering
- no surplus
39. Command econo-
my
WGU D080, D080 study for OA
Study online at https://quizlet.com/_jativy
1. What is globaliza- When international integration arises from the interchange of world views,
tion? products, ideas, and other aspects of cultures.
2. different types of 1. Economic
Globalization 2. Political
3. Cultural
3. Advantages of more trade, investments, information technology, faster economic development,
Economic global- and increased social being
ization
4. Disadvantages of benefits the rich at the expense of the poor, manufacturing job loss in developed
Economic global- countries, environmental damage, and unethical practices of labor
ization
5. Advantages of Po- more cooperation amount countries, formation of international or regional or-
litical globaliza- ganizations, NGOs
tion
6. Disadvantages of reduce the importance of nation-states, loss of sovereignty and power of local
Political globaliza- government
tion
7. Advantages of awareness of international community
Cultural globaliza-
tion
8. Disadvantages of loss of uniqueness of a country's culture
Cultural globaliza-
tion
9. What is interna- any situation where the production or distribution of goods or services crosses
tional business? country borders
, WGU D080 OA Study Guide- Managing in a Global Business Environment Complete Objective Assessment Review, Practice Questions &
WGU D080, D080 study for OA
Study online at https://quizlet.com/_jativy
10. What are oppor- New and large international markets offers possible more revenues, lower costs,
tunities for in- and access to advanced technology
ternational busi-
ness?
11. What are chal- Ethical business practice concerns, organizational structure (create new division),
lenges for in- public relations (build customer loyalty), leaderships, and legal and regulatory
ternational busi- structure
ness?
12. What are the 5 1. Market entry
stages of going 2. product specialization
global? 3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
13. Market Entry Companies enter new countries using business models similar to the ones
deployed in their home markets
14. Product special- Companies transfer the full production process of a particular product line to a
ization single, low-cost location and export the goods to various consumer markets
15. Value chain disag- Companies disaggregate the production process and focus on completing each
gregation activity in the most advantageous location
16. Value chain Companies seek to further increase their cost savings by reengineering their
reengineering processes to suit local market conditions by substituting lower cost labor for
capital
17. Creation of new creates new demand due to the reduction of ticket price
markets
18. 1. Market
2. Cost
, WGU D080 OA Study Guide- Managing in a Global Business Environment Complete Objective Assessment Review, Practice Questions &
WGU D080, D080 study for OA
Study online at https://quizlet.com/_jativy
What are the 4 dri- 3. Competition
vers of Globaliza- 4. Government
tion?
19. Market Opportunity for scale and convergence of needs (foreign consumers have the
same demand as domestic consumer, no need to redesign)
20. Cost - Economies of scale & scope: use same production facility for multiple proce-
dures.
- Exploiting cost of factors of production: labor cost reductions, natural resources
cost reduction
21. Competition New markets & increased levels of trade
22. Government Favorable policies, support for the industry ((can use tax bracket to attract FDI
and subsidies (free money) can help domestic business reduce cost and charge
lower price))
23. What did Thomas The world is flat view - the use of technology and internet has made it easier for
Friedman pro- businesses to conduct global operation
pose?
24. What did Ghe- The world is a multi-domestic world
mawat propose?
25. What is CAGE Culture, Administration, Geography, and Economics
analysis?
26. Culture (CAGE) Cultural difference could reduce country's trade volume
27. Administration Administrative similar countries trade more, countries hold membership of the
(CAGE) same trade
28. geographical distance between countries impact trade volume
, WGU D080 OA Study Guide- Managing in a Global Business Environment Complete Objective Assessment Review, Practice Questions &
WGU D080, D080 study for OA
Study online at https://quizlet.com/_jativy
Geography
(CAGE)
29. Economics (CAGE) differences in demographics and socioeconomics conditions such as standard
of living, factors of production costs, etc.
30. Anarchy individuals country the country, no government needed
31. Monarchy Royal power
32. Absolute monar- king/queen has absolute power
chy
33. constitutional queen is only symbol, prime minister has absolute admin. power
monarchy
34. Oligarchy Achieve power due to military, economic, or other powers, small group of elite
members
35. Dictatorship Single person
36. Democracy Equal voice or vote in determining state policy
37. Economic sys- determines a county's economic production of goods and services
tems
38. Traditional econo- - Farming
my - centered around family
- everyone consumes the same goods
- relies on bartering
- no surplus
39. Command econo-
my
