WGU D080 MANAGING IN A GLOBAL
BUSINESS ENVIRONMENT EXAM PREP TEST
BANK VERIFIED QUESTIONS AND
CORRECT ANSWERS
●● Technology
Answer: Faster communication, data exchange, coordination, and
production.
●● Transportation
Answer: Lower cost and faster movement of goods and people.
●● Market liberalization
Answer: Reduced restrictions on trade and investment.
●● Global competition
Answer: Pressure to lower cost, improve quality, and enter new markets.
●● Lower trade barriers
Answer: Fewer tariffs, quotas, and restrictions.
●● Market factors
,Answer: Similar customer needs, scale opportunities, and converging
demand.
●● Cost factors
Answer: Differences in labor, materials, transportation, and economies
of scale.
●● Government factors
Answer: Trade policies, taxes, incentives, regulation, and infrastructure.
●● Competitive factors
Answer: Rival activity, first-mover pressure, and industry globalization.
●● Benefits of globalization
Answer: Lower production costs; larger markets; innovation; specialized
talent; access to resources; more investment and business opportunities.
●● Disadvantages of globalization
Answer: Job displacement; income inequality; cultural erosion or
homogenization; environmental concerns; greater complexity; exposure
to global shocks; power concentrated in large firms.
●● Economic effects of globalization
, Answer: More international movement of goods, services, capital,
technology, and information.
●● Political effects of globalization
Answer: May reduce the importance of individual nation-states and
encourage integration; resistance can lead to isolationist policy.
●● Cultural effects of globalization
Answer: Ideas, meanings, values, and traditions spread across societies.
●● Social effects of globalization
Answer: Social media and communication expand global discussion and
relationships.
●● NGOs
Answer: Non-governmental organizations can operate across borders on
humanitarian, environmental, health, and social issues.
●● Patent
Answer: Protects a new invention or improvement for a limited period;
prevents others from making or selling it without permission.
●● Copyright
BUSINESS ENVIRONMENT EXAM PREP TEST
BANK VERIFIED QUESTIONS AND
CORRECT ANSWERS
●● Technology
Answer: Faster communication, data exchange, coordination, and
production.
●● Transportation
Answer: Lower cost and faster movement of goods and people.
●● Market liberalization
Answer: Reduced restrictions on trade and investment.
●● Global competition
Answer: Pressure to lower cost, improve quality, and enter new markets.
●● Lower trade barriers
Answer: Fewer tariffs, quotas, and restrictions.
●● Market factors
,Answer: Similar customer needs, scale opportunities, and converging
demand.
●● Cost factors
Answer: Differences in labor, materials, transportation, and economies
of scale.
●● Government factors
Answer: Trade policies, taxes, incentives, regulation, and infrastructure.
●● Competitive factors
Answer: Rival activity, first-mover pressure, and industry globalization.
●● Benefits of globalization
Answer: Lower production costs; larger markets; innovation; specialized
talent; access to resources; more investment and business opportunities.
●● Disadvantages of globalization
Answer: Job displacement; income inequality; cultural erosion or
homogenization; environmental concerns; greater complexity; exposure
to global shocks; power concentrated in large firms.
●● Economic effects of globalization
, Answer: More international movement of goods, services, capital,
technology, and information.
●● Political effects of globalization
Answer: May reduce the importance of individual nation-states and
encourage integration; resistance can lead to isolationist policy.
●● Cultural effects of globalization
Answer: Ideas, meanings, values, and traditions spread across societies.
●● Social effects of globalization
Answer: Social media and communication expand global discussion and
relationships.
●● NGOs
Answer: Non-governmental organizations can operate across borders on
humanitarian, environmental, health, and social issues.
●● Patent
Answer: Protects a new invention or improvement for a limited period;
prevents others from making or selling it without permission.
●● Copyright
