WGU D080 Managing in a Global Business Environment
A company is considering establishing a subsidiary in a Cultural training
new host country and wishes to prepare its expatriates to
adapt to the local environment.
How should this company prepare its expatriates?
Negotiation
Operational training
Repatriation
Cultural Training
What happens to consumer surplus when tariffs and They increase
quotas are discontinued?
Which type of tariff is put in place to specifically ensure Protective
that domestic industries are given an advantage?
What is a benefit of implementing a system of free trade? Reduced tariffs would result in lower costs of imported raw materials.
How are free trade agreements handled differently than Treaties must be approved by the Senate, whereas a free trade agreement must
treaties in the United States? pass both houses of Congress.
Treaties must be approved by the Senate, whereas a free Tariffs
trade agreement must pass both houses of Congress.
An airplane manufacturer outsources the manufacture of Value chain
some its parts and sub-assemblies. They are then returned
to the manufacturer's main plant for final assembly.
Country A exports more goods to Country B than it imports Trade surplus
from Country B. Country A receives more monetary gain by
using this practice.
Which relationship does Country A have with Country B?
Country A has been criticized by other countries for giving Government subsidies
generous tax credits to its corn farmers, which in turn,
enables the country's farmers to sell corn on the
international markets cheaper than all other countries.
Which term is used by other countries to describe this
practice?
A farmer knows that it takes 100 hours of labor to produce Opportunity
100 bushels of corn. It only takes 50 hours of labor to
produce 100 bushels of soy. Currently, a bushel of corn is
selling at three times a bushel of soy.
Which type of cost should the farmer use to determine
what to plant?
A country produces goods more efficiently than all other Absolute
countries in the same industry.
Which type of advantage does this country have?
Country A exports farming equipment to Country B, while Skill specialization
Country B exports car manufacturing equipment to Country
A. Both countries are highly developed and could develop
these industries separately but instead made the decision
to export and import these products from each other.
Which unique condition caused this practice between the
two countries?
, WGU D080 Managing in a Global Business Environment
A company produces the same product over and over, and Economies of scale
it has caused the manufacturing cost of the product to
become cheaper and more competitive in international
markets than similar products in the industry.
Which approach is this company using to achieve this
ability?
A country with a new economy implemented trade To restrict international economic trade
protectionism in relation to countries with more developed
economies.
Why did the country take this action?
How do anti dumping laws protect a domestic market? They prevent foreign companies from selling goods and services at or below cost.
How do Congress and the Department of Agriculture use To increase domestic prices to specific levels to make products profitable
quotas to their advantage?
Which strategy should a government use to offset the cost Subsidies
of manufacturing domestically?
Which type of globalization refers to the international Economic
movement of goods, capital, and services?
The CEO of an international company reminds the Profitability
executive vice presidents that while the company may do
good while performing corporate social responsibilities, the
business has one ultimate goal since it is engaged in
commercial activities with corporate shareholders.
Which ultimate goal is the CEO emphasizing to the
executive vice presidents?
A CEO decides to expand the company's business Direct investment
internationally by purchasing production capability in
another country, including the foreign country's buildings
and equipment.
Which type of market entry is the CEO using?
A CEO seeks to better use the economies of scale and Cost
scope of production to increase the international
company's profits.
Which type of globalization driver is the CEO seeking to
use?
A CEO is discussing an expansion of production of a Infrastructure
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?
Which argument is used by critics who wish to discourage It increases the wealth of the rich rather than the poor
movement towards globalization?
Anarchism Individuals control political activities, and the government has no control over these
activities
, WGU D080 Managing in a Global Business Environment
Totalitarianism A centralized government creates oppressive policies based on ideas from powerful
leadership.
Direct democracy The government provides a method of voting for the people of a country, not for
elected officials.
What is a free trade zone? A geographic region in which a county will reduce restrictions that might prevent or
reduce trade
Which term describes a government giving a tax break to a Subsidies
producer to increase their global competitiveness?
Industrialized Prevalent formation of new markets with possibility of saturation
Less-developed Focus on agriculture and raw materials with limited imports
Developing country Growing population which leads to long-term growth potential.
Which type of economy is decentralized and allows firms Market
and households to participate in global trade with minimum
governmental interference?
What type of economy is centered on families or tribes Traditional
where little to no global trade is practiced?
Socialism a system in which the government owns and operates a country's means of
production
Capitalism A system in which the means of production is controlled by private owners who can
choose to participate in global trade.
Communism A system in which all property is publicly owned and the government controls global
trade.
Which type of law system is based on a code and focuses Civil
on how the law is applied to the facts?
Which law is based on tradition and precedent given that Common
judicial rulings can stand as precedents for future cases?
Which law system can vary from community to community Customary
and is found in countries without strong formal justice
systems?
A company is considering establishing a subsidiary in a Cultural training
new host country and wishes to prepare its expatriates to
adapt to the local environment.
How should this company prepare its expatriates?
Negotiation
Operational training
Repatriation
Cultural Training
What happens to consumer surplus when tariffs and They increase
quotas are discontinued?
Which type of tariff is put in place to specifically ensure Protective
that domestic industries are given an advantage?
What is a benefit of implementing a system of free trade? Reduced tariffs would result in lower costs of imported raw materials.
How are free trade agreements handled differently than Treaties must be approved by the Senate, whereas a free trade agreement must
treaties in the United States? pass both houses of Congress.
Treaties must be approved by the Senate, whereas a free Tariffs
trade agreement must pass both houses of Congress.
An airplane manufacturer outsources the manufacture of Value chain
some its parts and sub-assemblies. They are then returned
to the manufacturer's main plant for final assembly.
Country A exports more goods to Country B than it imports Trade surplus
from Country B. Country A receives more monetary gain by
using this practice.
Which relationship does Country A have with Country B?
Country A has been criticized by other countries for giving Government subsidies
generous tax credits to its corn farmers, which in turn,
enables the country's farmers to sell corn on the
international markets cheaper than all other countries.
Which term is used by other countries to describe this
practice?
A farmer knows that it takes 100 hours of labor to produce Opportunity
100 bushels of corn. It only takes 50 hours of labor to
produce 100 bushels of soy. Currently, a bushel of corn is
selling at three times a bushel of soy.
Which type of cost should the farmer use to determine
what to plant?
A country produces goods more efficiently than all other Absolute
countries in the same industry.
Which type of advantage does this country have?
Country A exports farming equipment to Country B, while Skill specialization
Country B exports car manufacturing equipment to Country
A. Both countries are highly developed and could develop
these industries separately but instead made the decision
to export and import these products from each other.
Which unique condition caused this practice between the
two countries?
, WGU D080 Managing in a Global Business Environment
A company produces the same product over and over, and Economies of scale
it has caused the manufacturing cost of the product to
become cheaper and more competitive in international
markets than similar products in the industry.
Which approach is this company using to achieve this
ability?
A country with a new economy implemented trade To restrict international economic trade
protectionism in relation to countries with more developed
economies.
Why did the country take this action?
How do anti dumping laws protect a domestic market? They prevent foreign companies from selling goods and services at or below cost.
How do Congress and the Department of Agriculture use To increase domestic prices to specific levels to make products profitable
quotas to their advantage?
Which strategy should a government use to offset the cost Subsidies
of manufacturing domestically?
Which type of globalization refers to the international Economic
movement of goods, capital, and services?
The CEO of an international company reminds the Profitability
executive vice presidents that while the company may do
good while performing corporate social responsibilities, the
business has one ultimate goal since it is engaged in
commercial activities with corporate shareholders.
Which ultimate goal is the CEO emphasizing to the
executive vice presidents?
A CEO decides to expand the company's business Direct investment
internationally by purchasing production capability in
another country, including the foreign country's buildings
and equipment.
Which type of market entry is the CEO using?
A CEO seeks to better use the economies of scale and Cost
scope of production to increase the international
company's profits.
Which type of globalization driver is the CEO seeking to
use?
A CEO is discussing an expansion of production of a Infrastructure
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?
Which argument is used by critics who wish to discourage It increases the wealth of the rich rather than the poor
movement towards globalization?
Anarchism Individuals control political activities, and the government has no control over these
activities
, WGU D080 Managing in a Global Business Environment
Totalitarianism A centralized government creates oppressive policies based on ideas from powerful
leadership.
Direct democracy The government provides a method of voting for the people of a country, not for
elected officials.
What is a free trade zone? A geographic region in which a county will reduce restrictions that might prevent or
reduce trade
Which term describes a government giving a tax break to a Subsidies
producer to increase their global competitiveness?
Industrialized Prevalent formation of new markets with possibility of saturation
Less-developed Focus on agriculture and raw materials with limited imports
Developing country Growing population which leads to long-term growth potential.
Which type of economy is decentralized and allows firms Market
and households to participate in global trade with minimum
governmental interference?
What type of economy is centered on families or tribes Traditional
where little to no global trade is practiced?
Socialism a system in which the government owns and operates a country's means of
production
Capitalism A system in which the means of production is controlled by private owners who can
choose to participate in global trade.
Communism A system in which all property is publicly owned and the government controls global
trade.
Which type of law system is based on a code and focuses Civil
on how the law is applied to the facts?
Which law is based on tradition and precedent given that Common
judicial rulings can stand as precedents for future cases?
Which law system can vary from community to community Customary
and is found in countries without strong formal justice
systems?
