WGU D080 OA TEST BANK COMPLETE
QUESTIONS AND DETAILED SOLUTIONS
PREMIUM RESOURCE
●● Types of globalization
Answer: Economic (trade/FDI), Political (international cooperation),
Cultural (spread of values/ideas).
●● Benefits of globalization
Answer: Faster economic development, increased trade, access to tech,
higher living standards.
●● Challenges of globalization
Answer: Job loss from outsourcing, unethical labor practices, cultural
loss, environmental concerns.
●● International business
Answer: Buying, selling, or exchanging goods/services between
countries.
●● Benefits of global expansion
Answer: More revenue, cheaper labor/resources, access to advanced
technology.
,●● Challenges of global expansion
Answer: Ethics, legal systems, organizational structure, cultural
differences, customer loyalty.
●● 5 stages of globalization
Answer: Market entry, Product specialization, Value chain
disaggregation, Value chain reengineering, Creation of new markets.
●● Four drivers of globalization
Answer: Market drivers, cost drivers, competition drivers, government
drivers.
●● Economies of scale
Answer: Costs decrease as production volume increases.
●● Economies of scope
Answer: Costs decrease as product variety increases.
●● CAGE Analysis
Answer: A tool comparing countries based on Cultural, Administrative,
Geographic, and Economic distances.
, ●● Types of political systems
Answer: Anarchy, Absolute Monarchy, Constitutional Monarchy,
Oligarchy, Dictatorship, Democracy.
●● Political system supporting globalization
Answer: Stable democracies (transparent, predictable, free market).
●● Traditional economy
Answer: Agriculture-based, bartering, low tech.
●● Command economy
Answer: Government controls all resources, production, and prices.
●● Market economy
Answer: Private ownership, supply and demand, competition.
●● Mixed economy
Answer: Mostly market-driven but with some government regulation.
●● Civil law
Answer: Law based on written codes.
QUESTIONS AND DETAILED SOLUTIONS
PREMIUM RESOURCE
●● Types of globalization
Answer: Economic (trade/FDI), Political (international cooperation),
Cultural (spread of values/ideas).
●● Benefits of globalization
Answer: Faster economic development, increased trade, access to tech,
higher living standards.
●● Challenges of globalization
Answer: Job loss from outsourcing, unethical labor practices, cultural
loss, environmental concerns.
●● International business
Answer: Buying, selling, or exchanging goods/services between
countries.
●● Benefits of global expansion
Answer: More revenue, cheaper labor/resources, access to advanced
technology.
,●● Challenges of global expansion
Answer: Ethics, legal systems, organizational structure, cultural
differences, customer loyalty.
●● 5 stages of globalization
Answer: Market entry, Product specialization, Value chain
disaggregation, Value chain reengineering, Creation of new markets.
●● Four drivers of globalization
Answer: Market drivers, cost drivers, competition drivers, government
drivers.
●● Economies of scale
Answer: Costs decrease as production volume increases.
●● Economies of scope
Answer: Costs decrease as product variety increases.
●● CAGE Analysis
Answer: A tool comparing countries based on Cultural, Administrative,
Geographic, and Economic distances.
, ●● Types of political systems
Answer: Anarchy, Absolute Monarchy, Constitutional Monarchy,
Oligarchy, Dictatorship, Democracy.
●● Political system supporting globalization
Answer: Stable democracies (transparent, predictable, free market).
●● Traditional economy
Answer: Agriculture-based, bartering, low tech.
●● Command economy
Answer: Government controls all resources, production, and prices.
●● Market economy
Answer: Private ownership, supply and demand, competition.
●● Mixed economy
Answer: Mostly market-driven but with some government regulation.
●● Civil law
Answer: Law based on written codes.
