WGU D080 International Business Modules 1-12 Key Concepts
WGU D080 International Business: Modules 1-12 Key Concepts
Study online at https://quizlet.com/_ikhhrm
1. What is globaliza- International integration arising from the exchange of worldviews, products,
tion? ideas, and other aspects of culture.
2. What are the key el- International integration, exchange of worldviews, exchange of ideas, and
ements of globaliza- exchange of products.
tion?
3. What types of bar- Economic barriers, cultural barriers, and political barriers.
riers does globaliza-
tion remove?
4. What is economic Focuses on economic development of participating countries, emphasizing
globalization? trade, investment, and information technology.
5. What is a positive Lower prices for consumers due to global competition.
impact of economic
globalization?
6. What is a negative Manufacturing job loss in developed countries due to outsourcing.
impact of economic
globalization?
7. What is political glob- Emphasizes collaboration among countries and the formation of interna-
alization? tional organizations.
8. Name an interna- World Trade Organization (WTO).
tional organization
formed due to politi-
cal globalization.
9. What is a positive im- Increased cooperation among countries.
pact of political glob-
alization?
, WGU D080 International Business Modules 1-12 Key Concepts
WGU D080 International Business: Modules 1-12 Key Concepts
Study online at https://quizlet.com/_ikhhrm
10. What is a negative Reduced sovereignty of nation-states.
impact of political
globalization?
11. What is cultural glob- The transmission of ideas, meanings, and values around the world, leading
alization? to cultural integration.
12. What is a positive im- Increased awareness of the international community.
pact of cultural glob-
alization?
13. What is a negative Countries may lose the uniqueness of their culture.
impact of cultural
globalization?
14. What is anarchy in A system where no government is needed, and citizens determine all poli-
political systems? cies.
15. What defines an ab- A king or queen has absolute power to control every aspect and make
solute monarchy? policies.
16. What is a constitu- A system where the queen is a symbol, and the Prime Minister has absolute
tional monarchy? administrative power.
17. What characterizes A small elite group controls the country, with power centralized within a
an oligarchy? leadership team.
18. What is a dictator- A system without effective constitutional limitations where a person or small
ship? group possesses absolute power.
19. What is democracy? A system where citizens have the right to vote for political leaders who
represent them.
20.
, WGU D080 International Business Modules 1-12 Key Concepts
WGU D080 International Business: Modules 1-12 Key Concepts
Study online at https://quizlet.com/_ikhhrm
Why is democracy It provides a free market with minimal government intervention and high
considered desirable political stability.
for globalization?
21. What is an economic A system that determines a country's economic production of goods and
system? services.
22. What are the three (1) What to produce? (2) How to produce? (3) Who gets the final product?
key questions an
economic system an-
swers?
23. What is the main fo- Farming
cus of a traditional
economy?
24. Where are tradition- Underdeveloped areas such as Africa, Southeast Asia, and Latin America
al economies typical-
ly observed?
25. What is a character- Very low standard of living, struggling with poverty
istic of living stan-
dards in traditional
economies?
26. How do families in a By producing agricultural products to feed themselves
traditional economy
sustain themselves?
27. What is a key advan- More sustainable and environmentally friendly
tage of a traditional
economy?
28. Not likely to promote globalization due to lack of extra products for trade
WGU D080 International Business: Modules 1-12 Key Concepts
Study online at https://quizlet.com/_ikhhrm
1. What is globaliza- International integration arising from the exchange of worldviews, products,
tion? ideas, and other aspects of culture.
2. What are the key el- International integration, exchange of worldviews, exchange of ideas, and
ements of globaliza- exchange of products.
tion?
3. What types of bar- Economic barriers, cultural barriers, and political barriers.
riers does globaliza-
tion remove?
4. What is economic Focuses on economic development of participating countries, emphasizing
globalization? trade, investment, and information technology.
5. What is a positive Lower prices for consumers due to global competition.
impact of economic
globalization?
6. What is a negative Manufacturing job loss in developed countries due to outsourcing.
impact of economic
globalization?
7. What is political glob- Emphasizes collaboration among countries and the formation of interna-
alization? tional organizations.
8. Name an interna- World Trade Organization (WTO).
tional organization
formed due to politi-
cal globalization.
9. What is a positive im- Increased cooperation among countries.
pact of political glob-
alization?
, WGU D080 International Business Modules 1-12 Key Concepts
WGU D080 International Business: Modules 1-12 Key Concepts
Study online at https://quizlet.com/_ikhhrm
10. What is a negative Reduced sovereignty of nation-states.
impact of political
globalization?
11. What is cultural glob- The transmission of ideas, meanings, and values around the world, leading
alization? to cultural integration.
12. What is a positive im- Increased awareness of the international community.
pact of cultural glob-
alization?
13. What is a negative Countries may lose the uniqueness of their culture.
impact of cultural
globalization?
14. What is anarchy in A system where no government is needed, and citizens determine all poli-
political systems? cies.
15. What defines an ab- A king or queen has absolute power to control every aspect and make
solute monarchy? policies.
16. What is a constitu- A system where the queen is a symbol, and the Prime Minister has absolute
tional monarchy? administrative power.
17. What characterizes A small elite group controls the country, with power centralized within a
an oligarchy? leadership team.
18. What is a dictator- A system without effective constitutional limitations where a person or small
ship? group possesses absolute power.
19. What is democracy? A system where citizens have the right to vote for political leaders who
represent them.
20.
, WGU D080 International Business Modules 1-12 Key Concepts
WGU D080 International Business: Modules 1-12 Key Concepts
Study online at https://quizlet.com/_ikhhrm
Why is democracy It provides a free market with minimal government intervention and high
considered desirable political stability.
for globalization?
21. What is an economic A system that determines a country's economic production of goods and
system? services.
22. What are the three (1) What to produce? (2) How to produce? (3) Who gets the final product?
key questions an
economic system an-
swers?
23. What is the main fo- Farming
cus of a traditional
economy?
24. Where are tradition- Underdeveloped areas such as Africa, Southeast Asia, and Latin America
al economies typical-
ly observed?
25. What is a character- Very low standard of living, struggling with poverty
istic of living stan-
dards in traditional
economies?
26. How do families in a By producing agricultural products to feed themselves
traditional economy
sustain themselves?
27. What is a key advan- More sustainable and environmentally friendly
tage of a traditional
economy?
28. Not likely to promote globalization due to lack of extra products for trade
