WGU D080 OA COMPREHENSIVE EXAM
STUDY GUIDE COMPLETE QUESTIONS AND
SOLUTIONS
●● trade
Answer: The action of buying and selling goods and services
●● capital
Answer: Financial assets such as funds but also equipment, facilities,
and other means of production
●● outsource
Answer: To obtain goods or services from an outside or foreign supplier
●● nongovernmental organizations (NGOs)
Answer: Not for profit organizations that are independent of the
government and are active in humanitarian causes
●● Which type of globalization refers to the international movement of
goods, capital, and services?
Answer: Economic
,●● patents
Answer: Protects inventions and improvements to existing inventions for
a limited period of time in exchange for detailed public disclosure of
those inventions
●● copyrights
Answer: A government authority or license giving the owner of an
invention the right to exclude others from making or selling the
invention for a set period of time
●● trademarks
Answer: 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
●● assets
Answer: A useful or valuable thing; something you own such as
building, inventory, or cash
●● liabilities
Answer: Being responsible for a debt or financial obligation, something
you owe
●● financial instrument
,Answer: A monetary contract between parties
●● multinational firms
Answer: A large corporation incorporated in one country which produces
or sells goods or services in various countries
●● The 5 Stages of going Global
Answer: Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
●● Economies of scale
Answer: A proportionate savings in costs gained by an increased level of
production
●● Economies of scope
Answer: To develop efficiencies in terms of variety not volume
●● A CEO seeks to better use the economies of scale and scope of
production to increase the international company's profits.
Which type of globalization driver is the CEO seeking to use?
, Answer: Cost
●● A CEO seeks to better use the economies of scale and scope of
production to increase the international company's profits.
Which type of globalization driver is the CEO seeking to use?
Answer: Cost
●● A CEO is discussing an expansion of production of a company's
highly perishable dairy line in a country that can offer low labor costs
and good internet connections. The country has no highways, and roads
are poorly maintained.
Which challenge to international business expansion do the road
conditions present?
Answer: Infrastructure
●● Six Sigma
Answer: A method that provides tools for organizations to increase
performance and decrease process variation
●● Which factor of CAGE addresses differences in country size that
affect barriers to globalization?
Answer: Economics
●● Gini coefficient
STUDY GUIDE COMPLETE QUESTIONS AND
SOLUTIONS
●● trade
Answer: The action of buying and selling goods and services
●● capital
Answer: Financial assets such as funds but also equipment, facilities,
and other means of production
●● outsource
Answer: To obtain goods or services from an outside or foreign supplier
●● nongovernmental organizations (NGOs)
Answer: Not for profit organizations that are independent of the
government and are active in humanitarian causes
●● Which type of globalization refers to the international movement of
goods, capital, and services?
Answer: Economic
,●● patents
Answer: Protects inventions and improvements to existing inventions for
a limited period of time in exchange for detailed public disclosure of
those inventions
●● copyrights
Answer: A government authority or license giving the owner of an
invention the right to exclude others from making or selling the
invention for a set period of time
●● trademarks
Answer: 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
●● assets
Answer: A useful or valuable thing; something you own such as
building, inventory, or cash
●● liabilities
Answer: Being responsible for a debt or financial obligation, something
you owe
●● financial instrument
,Answer: A monetary contract between parties
●● multinational firms
Answer: A large corporation incorporated in one country which produces
or sells goods or services in various countries
●● The 5 Stages of going Global
Answer: Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
●● Economies of scale
Answer: A proportionate savings in costs gained by an increased level of
production
●● Economies of scope
Answer: To develop efficiencies in terms of variety not volume
●● A CEO seeks to better use the economies of scale and scope of
production to increase the international company's profits.
Which type of globalization driver is the CEO seeking to use?
, Answer: Cost
●● A CEO seeks to better use the economies of scale and scope of
production to increase the international company's profits.
Which type of globalization driver is the CEO seeking to use?
Answer: Cost
●● A CEO is discussing an expansion of production of a company's
highly perishable dairy line in a country that can offer low labor costs
and good internet connections. The country has no highways, and roads
are poorly maintained.
Which challenge to international business expansion do the road
conditions present?
Answer: Infrastructure
●● Six Sigma
Answer: A method that provides tools for organizations to increase
performance and decrease process variation
●● Which factor of CAGE addresses differences in country size that
affect barriers to globalization?
Answer: Economics
●● Gini coefficient
