WGU D080 Managing in a Global Business
Environment Exam Questions with Verified
Correct Answers
The key element of globalization is interdependence and interconnectedness among
companies and countries around the globe. Globalism is characterized by an increasing
number of worldwide connections, rapid and discontinuous change, an increasing
number of diverse participants, and growing complexity.
What is globalization?
economic: developed economies integrating with developing countries through foreign
direct investment, lowering the costs of doing business, reducing trade barriers, and, in
many cases, increasing cross-border migration.
political: globalization may ultimately reduce the importance of nation-states.
cultural: The spread of culture has added to processes such as commodity exchange and
colonization, which have a more extended history of carrying cultural meaning around
the globe. The circulation of cultures enables individuals to partake in extended social
relations that cross national and regional borders.
What are the economic, political, and cultural effects of globalization?
any nonprofit, voluntary citizens' groups that are organized on a local, national, or
international level
What is nongovernmental organization and how does it impact government public policy
across national boundaries?
International business encompasses a full range of cross-border exchanges of goods,
services, or resources across two or more nations. These exchanges can go beyond the
,exchange of money for physical goods to include international transfers of other
resources such as people; intellectual property such as patents, copyrights, brand
trademarks, and data; and contractual assets or liabilities. Such assets or liabilities
include the right to use some foreign asset, provide some future service to overseas
customers, or execute a complex financial instrument. The entities involved in
international business range from large multinational firms with thousands of
employees doing business in many countries to a small one-person company acting as an
importer or exporter. This broader definition of international business also
encompasses for-profit, border-crossing transactions as well as transactions motivated
by nonfinancial gains.
What are the features of international business?
- Exporting
- franchising
- joint ventures
- home-owned affiliates
- fully global ventures
What are the different forms of international business? Explain each form.
1. market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
What are the 5 stages of entering a global market? Explain each stage
market, cost, competition, government
, What are the 4 drivers of globalization? Explain
unsaturated demand for new products, lower labor costs, less expensive natural
resources, and other inputs to products.
What are the benefits and costs of global expansion from MNCs' perspective?
1.0: the first stage of globalism and is pushed forward by nationalism and religion.
2.0: the second stage of globalization and is characterized by advances in methods of
transportation.
3.0: the third stage of globalization and is characterized by advancements across the
board, especially technology and communication.
What are the characteristics of each stage of globalization?
Ethical issues, governmental policies, and economic restrictions are all likely when a
company moves into an unfamiliar global space. A multinational company may also
face infrastructural and technological challenges in a developing country.
What are the criticisms of globalization?
There are more than 13 major types of government, each of which consists of multiple
variations. At one end of the extremes of political ideologies is anarchism, which
contends that individuals should control political activities, and public government is
both unnecessary and unwanted. At the other extreme is totalitarianism, which
contends that every aspect of an individual's life should be controlled and dictated by a
strong central government.
Totalitarianism
Authoritarian
Monarchy
Environment Exam Questions with Verified
Correct Answers
The key element of globalization is interdependence and interconnectedness among
companies and countries around the globe. Globalism is characterized by an increasing
number of worldwide connections, rapid and discontinuous change, an increasing
number of diverse participants, and growing complexity.
What is globalization?
economic: developed economies integrating with developing countries through foreign
direct investment, lowering the costs of doing business, reducing trade barriers, and, in
many cases, increasing cross-border migration.
political: globalization may ultimately reduce the importance of nation-states.
cultural: The spread of culture has added to processes such as commodity exchange and
colonization, which have a more extended history of carrying cultural meaning around
the globe. The circulation of cultures enables individuals to partake in extended social
relations that cross national and regional borders.
What are the economic, political, and cultural effects of globalization?
any nonprofit, voluntary citizens' groups that are organized on a local, national, or
international level
What is nongovernmental organization and how does it impact government public policy
across national boundaries?
International business encompasses a full range of cross-border exchanges of goods,
services, or resources across two or more nations. These exchanges can go beyond the
,exchange of money for physical goods to include international transfers of other
resources such as people; intellectual property such as patents, copyrights, brand
trademarks, and data; and contractual assets or liabilities. Such assets or liabilities
include the right to use some foreign asset, provide some future service to overseas
customers, or execute a complex financial instrument. The entities involved in
international business range from large multinational firms with thousands of
employees doing business in many countries to a small one-person company acting as an
importer or exporter. This broader definition of international business also
encompasses for-profit, border-crossing transactions as well as transactions motivated
by nonfinancial gains.
What are the features of international business?
- Exporting
- franchising
- joint ventures
- home-owned affiliates
- fully global ventures
What are the different forms of international business? Explain each form.
1. market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
What are the 5 stages of entering a global market? Explain each stage
market, cost, competition, government
, What are the 4 drivers of globalization? Explain
unsaturated demand for new products, lower labor costs, less expensive natural
resources, and other inputs to products.
What are the benefits and costs of global expansion from MNCs' perspective?
1.0: the first stage of globalism and is pushed forward by nationalism and religion.
2.0: the second stage of globalization and is characterized by advances in methods of
transportation.
3.0: the third stage of globalization and is characterized by advancements across the
board, especially technology and communication.
What are the characteristics of each stage of globalization?
Ethical issues, governmental policies, and economic restrictions are all likely when a
company moves into an unfamiliar global space. A multinational company may also
face infrastructural and technological challenges in a developing country.
What are the criticisms of globalization?
There are more than 13 major types of government, each of which consists of multiple
variations. At one end of the extremes of political ideologies is anarchism, which
contends that individuals should control political activities, and public government is
both unnecessary and unwanted. At the other extreme is totalitarianism, which
contends that every aspect of an individual's life should be controlled and dictated by a
strong central government.
Totalitarianism
Authoritarian
Monarchy
