WGU D080 MANAGING IN A GLOBAL BUSINESS
ENVIRONMENT EXAM 2024 ACTUAL EXAM
COMPLETE 400 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
A company is considering establishing a subsidiary in a 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 - ANSWERCultural training
What happens to consumer surplus when tariffs and quotas are discontinued? -
ANSWERThey increase
Which type of tariff is put in place to specifically ensure that domestic industries are
given an advantage? - ANSWERProtective
What is a benefit of implementing a system of free trade? - ANSWERReduced tariffs
would result in lower costs of imported raw materials.
How are free trade agreements handled differently than treaties in the United States? -
ANSWERTreaties must be approved by the Senate, whereas a free trade agreement
must pass both houses of Congress.
Treaties must be approved by the Senate, whereas a free trade agreement must pass
both houses of Congress. - ANSWERTariffs
An airplane manufacturer outsources the manufacture of some its parts and sub-
assemblies. They are then returned to the manufacturer's main plant for final assembly.
- ANSWERValue chain
Country A exports more goods to Country B than it imports from Country B. Country A
receives more monetary gain by using this practice.
Which relationship does Country A have with Country B? - ANSWERTrade surplus
,Country A has been criticized by other countries for giving 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? - ANSWERGovernment
subsidies
A farmer knows that it takes 100 hours of labor to produce 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? -
ANSWEROpportunity
A country produces goods more efficiently than all other countries in the same industry.
Which type of advantage does this country have? - ANSWERAbsolute
Country A exports farming equipment to Country B, while 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? -
ANSWERSkill specialization
A company produces the same product over and over, and 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? - ANSWEREconomies of
scale
A country with a new economy implemented trade protectionism in relation to countries
with more developed economies.
Why did the country take this action? - ANSWERTo restrict international economic trade
How do anti dumping laws protect a domestic market? - ANSWERThey prevent foreign
companies from selling goods and services at or below cost.
How do Congress and the Department of Agriculture use quotas to their advantage? -
ANSWERTo increase domestic prices to specific levels to make products profitable
Which strategy should a government use to offset the cost of manufacturing
domestically? - ANSWERSubsidies
Which type of globalization refers to the international movement of goods, capital, and
services? - ANSWEREconomic
The CEO of an international company reminds the 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? -
ANSWERProfitability
A CEO decides to expand the company's business 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? - ANSWERDirect investment
A CEO seeks to better use the economies of scale and scope of production to increase
the international company's profits.
Which type of globalization driver is the CEO seeking to use? - ANSWERCost
A CEO is discussing an expansion of production of a 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? -
ANSWERInfrastructure
Which argument is used by critics who wish to discourage movement towards
globalization? - ANSWERIt increases the wealth of the rich rather than the poor
Anarchism - ANSWERIndividuals control political activities, and the government has no
control over these activities
Totalitarianism - ANSWERA centralized government creates oppressive policies based
on ideas from powerful leadership.
Direct democracy - ANSWERThe government provides a method of voting for the
people of a country, not for elected officials.
What is a free trade zone? - ANSWERA 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 producer to increase their
global competitiveness? - ANSWERSubsidies
Industrialized - ANSWERPrevalent formation of new markets with possibility of
saturation
Less-developed - ANSWERFocus on agriculture and raw materials with limited imports
Developing country - ANSWERGrowing population which leads to long-term growth
potential.
, Which type of economy is decentralized and allows firms and households to participate
in global trade with minimum governmental interference? - ANSWERMarket
What type of economy is centered on families or tribes where little to no global trade is
practiced? - ANSWERTraditional
Socialism - ANSWERa system in which the government owns and operates a country's
means of production
Capitalism - ANSWERA system in which the means of production is controlled by
private owners who can choose to participate in global trade.
Communism - ANSWERA 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 on how the law is applied to
the facts? - ANSWERCivil
Which law is based on tradition and precedent given that judicial rulings can stand as
precedents for future cases? - ANSWERCommon
Which law system can vary from community to community and is found in countries
without strong formal justice systems? - ANSWERCustomary
In which law system does a judge decide the applicable law for the case as a jury
determines the facts? - ANSWERCommon
Which activity of the International Monetary Fund (IMF) impacts policy making? -
ANSWERBeing owned and directed by the governments of the member nations
What is a characteristic of the International Monetary Fund (IMF)? - ANSWERThe IMF
is a cooperative institution and provides more effective currency exchange.
What was the initial purpose of the International Monetary Fund (IMF) in phase one,
prior to 1973? - ANSWERRegulated currency exchange between nations
How does the International Monetary Fund (IMF) impact international organizations and
governments? - ANSWERIt reduces funding for social programs.
What is a common name for the International Bank for Reconstruction and
Development? - ANSWERWorld Bank
What was the first loan that the World Bank made after the end of World War II? -
ANSWERTo France to rebuild its infrastructure
ENVIRONMENT EXAM 2024 ACTUAL EXAM
COMPLETE 400 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
A company is considering establishing a subsidiary in a 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 - ANSWERCultural training
What happens to consumer surplus when tariffs and quotas are discontinued? -
ANSWERThey increase
Which type of tariff is put in place to specifically ensure that domestic industries are
given an advantage? - ANSWERProtective
What is a benefit of implementing a system of free trade? - ANSWERReduced tariffs
would result in lower costs of imported raw materials.
How are free trade agreements handled differently than treaties in the United States? -
ANSWERTreaties must be approved by the Senate, whereas a free trade agreement
must pass both houses of Congress.
Treaties must be approved by the Senate, whereas a free trade agreement must pass
both houses of Congress. - ANSWERTariffs
An airplane manufacturer outsources the manufacture of some its parts and sub-
assemblies. They are then returned to the manufacturer's main plant for final assembly.
- ANSWERValue chain
Country A exports more goods to Country B than it imports from Country B. Country A
receives more monetary gain by using this practice.
Which relationship does Country A have with Country B? - ANSWERTrade surplus
,Country A has been criticized by other countries for giving 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? - ANSWERGovernment
subsidies
A farmer knows that it takes 100 hours of labor to produce 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? -
ANSWEROpportunity
A country produces goods more efficiently than all other countries in the same industry.
Which type of advantage does this country have? - ANSWERAbsolute
Country A exports farming equipment to Country B, while 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? -
ANSWERSkill specialization
A company produces the same product over and over, and 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? - ANSWEREconomies of
scale
A country with a new economy implemented trade protectionism in relation to countries
with more developed economies.
Why did the country take this action? - ANSWERTo restrict international economic trade
How do anti dumping laws protect a domestic market? - ANSWERThey prevent foreign
companies from selling goods and services at or below cost.
How do Congress and the Department of Agriculture use quotas to their advantage? -
ANSWERTo increase domestic prices to specific levels to make products profitable
Which strategy should a government use to offset the cost of manufacturing
domestically? - ANSWERSubsidies
Which type of globalization refers to the international movement of goods, capital, and
services? - ANSWEREconomic
The CEO of an international company reminds the 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? -
ANSWERProfitability
A CEO decides to expand the company's business 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? - ANSWERDirect investment
A CEO seeks to better use the economies of scale and scope of production to increase
the international company's profits.
Which type of globalization driver is the CEO seeking to use? - ANSWERCost
A CEO is discussing an expansion of production of a 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? -
ANSWERInfrastructure
Which argument is used by critics who wish to discourage movement towards
globalization? - ANSWERIt increases the wealth of the rich rather than the poor
Anarchism - ANSWERIndividuals control political activities, and the government has no
control over these activities
Totalitarianism - ANSWERA centralized government creates oppressive policies based
on ideas from powerful leadership.
Direct democracy - ANSWERThe government provides a method of voting for the
people of a country, not for elected officials.
What is a free trade zone? - ANSWERA 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 producer to increase their
global competitiveness? - ANSWERSubsidies
Industrialized - ANSWERPrevalent formation of new markets with possibility of
saturation
Less-developed - ANSWERFocus on agriculture and raw materials with limited imports
Developing country - ANSWERGrowing population which leads to long-term growth
potential.
, Which type of economy is decentralized and allows firms and households to participate
in global trade with minimum governmental interference? - ANSWERMarket
What type of economy is centered on families or tribes where little to no global trade is
practiced? - ANSWERTraditional
Socialism - ANSWERa system in which the government owns and operates a country's
means of production
Capitalism - ANSWERA system in which the means of production is controlled by
private owners who can choose to participate in global trade.
Communism - ANSWERA 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 on how the law is applied to
the facts? - ANSWERCivil
Which law is based on tradition and precedent given that judicial rulings can stand as
precedents for future cases? - ANSWERCommon
Which law system can vary from community to community and is found in countries
without strong formal justice systems? - ANSWERCustomary
In which law system does a judge decide the applicable law for the case as a jury
determines the facts? - ANSWERCommon
Which activity of the International Monetary Fund (IMF) impacts policy making? -
ANSWERBeing owned and directed by the governments of the member nations
What is a characteristic of the International Monetary Fund (IMF)? - ANSWERThe IMF
is a cooperative institution and provides more effective currency exchange.
What was the initial purpose of the International Monetary Fund (IMF) in phase one,
prior to 1973? - ANSWERRegulated currency exchange between nations
How does the International Monetary Fund (IMF) impact international organizations and
governments? - ANSWERIt reduces funding for social programs.
What is a common name for the International Bank for Reconstruction and
Development? - ANSWERWorld Bank
What was the first loan that the World Bank made after the end of World War II? -
ANSWERTo France to rebuild its infrastructure
