WGU C211 OA GAL ECONOMICS PRACTICE EXAM/ WGU C211 OA STUDY GUIDE RECENT VERS2024 ALL 230 QUESTIONS AND CORRECT ANSWERS/ BEST GRADED A+

WGU C211 OA GAL ECONOMICS PRACTICE EXAM/ WGU C211 OA STUDY GUIDE RECENT VERS2024 ALL 230 QUESTIONS AND CORRECT ANSWERS/ BEST GRADED A+ Which political view of foreign direct investment (FDI) is most widely used by governments in the current international business environment? - ANSWER: Protectionism Which factors credit the degree of rivalry between a pair of competitors? 2 choices - ANSWER: Market Commonality Cost Structure Which factors credit how local firms in emerging economics will respond to multinational competitors? - ANSWER: Competitive assets and industry pressures to globalize During which stage of the product life cycle do sales and profits gradually increase before seeing more dramatic increases? - ANSWER: Growth Which factor determines the foreign exchange rate of any currency? - ANSWER: Supply and demand for the currency Which risk must corporation minimize if it is to effectively manage short-term currency fluctuations? - ANSWER: Transaction Risk Which policy does a country use to determine the exchange rate of their currency in relationship to another country's currency if they do not rely on market forces? - ANSWER: Fixed Rate Policy Page 2 of 55 Which term refers to trading currencies and currency derivatives in order to earn profits and help make prices efficient? - ANSWER: Brokering Which type of advantage is gained by a company based on where it operates? - ANSWER: Location-Specific Who gains from erecting significant entry barriers for other entrants? - ANSWER: First Movers Which strategy for entering into a foreign market has the lowest degree of risk? - ANSWER: Licensing What is a non-equity mode involving some type of contractual agreement? - ANSWER: Licensing After the Lehman Brothers collapse, the federal Reserve stood ready to lend financial institutions funds. When the Federal reserve did this, it was acting in its role as a lender of last resort. Which type of group has this role? - ANSWER: Non Governmental Organization What is the comprehensive free-trade settlement among Canada, US, and Mexico, that address issues of protecting workers rights, the environment and reducing tariffs and non-tariff trade barriers? - ANSWER: NAFTA What is one of the core propositions underpinning an institution-based view of global business? - ANSWER: Managers and corporations make rational decisions within their formal and informal framework