WGU C211 PRE-ASSESSMENT Exam Questiona With Answers Latest 2023/2024 | VERIFIED

Which view claims that the phenomenon of globalization was initially driven by the desire of Westerneconomies to exploit their power through multinational enterprises? YOUR ANSWER CORRECT ANSWER The long-run historical view The new-force view The pendulum view The balanced surplus-de cit view 2. Economic gains come from international trade because one country’s exported goods, services, or otitems are unique, valuable, and dif cult to duplicate to the importing countries. Which view does this statement portray? YOUR ANSWER CORRECT ANSWER City-based view Country-based view Resource-based view Institution-based view 3. 2/21 What is the aggregation of importing and exporting that leads to the country-level trade surplus or deYOUR ANSWER CORRECT ANSWER Loss Pro t Revenue Balance of trade 4. What is a cost of foreign direct investment? YOUR ANSWER CORRECT ANSWER Developing countries may be exploited by multinational enterprises (MNE). Human rights rms may help the labor force in host countries with multinational enterprise (MNE) in uence. Host countries welcome political interference by multinational enterprises (MNE) when things are not in favor of the foreign company. Local governments in host countries may promote corporate social responsibilities on behalf of multinational enterprises (MNEs). 5. What may precious, rare, and hard-to-duplicate resources and capabilities lead to for a rm? YOUR ANSWER CORRECT ANSWER Sustained leverage Sustained in uence 3/21 YOUR ANSWER CORRECT ANSWER Sustained competitive disadvantage Sustained comparative advantage 6. Which theory states that patterns of international trade change across new, maturing, and standardizstages? YOUR ANSWER CORRECT ANSWER Product life cycle theory Strategic trade theory Factor endowment theory Sustainability theory 7. What is the nancial environment in which exchange rates and payments for goods and services are conducted? YOUR ANSWER CORRECT ANSWER International monetary system Stock exchange Commodity exchange Intercontinental exchange 8. What happens to a country's real exchange rate and nominal interest rate as the price level increaseassuming all other factors are unchanged? 4/21 YOUR ANSWER CORRECT ANSWER Exchange rates depreciate; interest rates decrease. Exchange rates appreciate; interest rates increase. Exchange rates appreciate; interest rates decrease. Exchange rates depreciate; interest rates increase. 9. What is the easiest method non nancial companies use to handle currency uctuations? YOUR ANSWER CORRECT ANSWER Currency diversi cation Export sales Foreign direct investment Commodity trading 10. Which strategy minimizes the risk of unanticipated changes in future exchange rates? YOUR ANSWER CORRECT ANSWER Currency swap Spot transaction Sensitivity analysis 5/21 YOUR ANSWER CORRECT ANSWER Speculation 11. A company is looking for a location with an abundance of ground-breaking individuals, rms, and universities. Which type of strategic goal is this company demonstrating? YOUR ANSWER CORRECT ANSWER Market-seeking Ef ciency-seeking Innovation-seeking Natural-resource seeking 12. What advantage comes with not sharing bene ts with late entrants? YOUR ANSWER CORRECT ANSWER Laggard advantage Late-mover advantage First-mover advantage Early-mover advantage 13. 6/21 Which entry mode is a non-equity arrangement for a company contemplating entry into a foreign markYOUR ANSWER CORRECT ANSWER Joint-venture Green- elds Acquisitions Licensing 14. What size commitment is required for a non-equity mode of entry into a foreign market? YOUR ANSWER CORRECT ANSWER Small commitment Larger commitment No commitment Standard commitment 15. What are two supportive pillars for an informal institution? Choose 2 answers YOUR ANSWER CORRECT ANSWER Cognitive 7/21 YOUR ANSWER CORRECT ANSWER Coercive Normative Regulatory Protection 16. What is the key role of an institution, according to the institution-based view? YOUR ANSWER CORRECT ANSWER To identify problems To reduce uncertainty To challenge laws To develop a new business culture 17. What are the rules, enforcement mechanisms, and organizations that support market transactions? YOUR ANSWER CORRECT ANSWER Industries Companies Businesses Institutions 8/21 18. What is a core proposition underpinning an institutional-based view of global business? YOUR ANSWER CORRECT ANSWER Bounded rationality Theoretical rationality Substantive rationality Formal rationality 19. In which type of political system do citizens elect representatives to govern the country on their behYOUR ANSWER CORRECT ANSWER Monarchy Democracy Totalitarianism Communism 20. Which legal system uses comprehensive lists of rules and written codes? YOUR ANSWER CORRECT ANSWER Common law 9/21 YOUR ANSWER CORRECT ANSWER Civil law Tort law Property law 21. What are the legal privileges associated with the use of economic property to obtain income and othbene ts from its use? YOUR ANSWER CORRECT ANSWER Property gains Property propaganda Property rights Universal property 22. What is the purpose of having property rights and intellectual property rights?