C211: Global Economics for Managers
(WGU) Cengage Text Exam Questions And
Answers Latest 2025
Globalization -
correct answer ✅The close integration of countries and peoples of
the world.
Purchasing Power Parity (PPP) -
correct answer ✅A conversion that determines the equivalent
amount of goods and services that different currencies can
purchase.
Scenario Planning -
correct answer ✅A technique to prepare and plan for multiple
scenarios (either high or low risk).
Risk management -
correct answer ✅The identification and assessment of risks and
the preparation to minimize the impact of high-risk , unfortunate
events.
Gross National Income (GNI) -
correct answer ✅GDP + income from non-resident sources abroad.
GNI is the term used by the World Bank and other international
organizations to supersede the term GNP.
,C211: Global Economics for Managers
(WGU) Cengage Text Exam Questions And
Answers Latest 2025
Gross National Product (GNP) -
correct answer ✅GDP + income from non-resident sources abroad.
reverse innovation -
correct answer ✅An innovation that is adopted first in emerging
economies and is then diffused around the world.
International Business (IB) -
correct answer ✅(1) A business or firm that engages in
international crossborder economic activities and/or (2) the action
of doing business abroad.
semiglobalization -
correct answer ✅A perspective that suggests that barriers to
market integration at borders are high, but not high enough to
insulate countries from each other completely.
BRIC -
correct answer ✅Brazil, Russia, India, and China
,C211: Global Economics for Managers
(WGU) Cengage Text Exam Questions And
Answers Latest 2025
base of the pyramid (BOP) -
correct answer ✅Economies where people make less than $2,000
per capita per year.
emerging economies -
correct answer ✅A term that has gradually replaced the term
"developing countries" since the 1990's.
emerging markets -
correct answer ✅A term that is often used interchangeably with
"emerging economies"
nongovernmental organizations (NGO's) -
correct answer ✅An organization that is not affiliated with
governments.
Expatriate Manager -
correct answer ✅A manager who works "abroad", or "expat" for
short.
, C211: Global Economics for Managers
(WGU) Cengage Text Exam Questions And
Answers Latest 2025
Gross Domestic Product (GDP) -
correct answer ✅The sum of value added by resident firms,
households, and governments
Foreign Direct Investment (FDI) -
correct answer ✅Investment in, controlling, and managing value-
added activities in other countries.
Group of 20 (G-20) -
correct answer ✅The group of 19 major countries plus the
European Union (EU) whose leaders meet on a biannual basis to
solve global economic problems.
liability of foreignness -
correct answer ✅The inherent disadvantage that foreign firms
experience in host countries because of their non-native status.
global business -
correct answer ✅Business around the globe.
(WGU) Cengage Text Exam Questions And
Answers Latest 2025
Globalization -
correct answer ✅The close integration of countries and peoples of
the world.
Purchasing Power Parity (PPP) -
correct answer ✅A conversion that determines the equivalent
amount of goods and services that different currencies can
purchase.
Scenario Planning -
correct answer ✅A technique to prepare and plan for multiple
scenarios (either high or low risk).
Risk management -
correct answer ✅The identification and assessment of risks and
the preparation to minimize the impact of high-risk , unfortunate
events.
Gross National Income (GNI) -
correct answer ✅GDP + income from non-resident sources abroad.
GNI is the term used by the World Bank and other international
organizations to supersede the term GNP.
,C211: Global Economics for Managers
(WGU) Cengage Text Exam Questions And
Answers Latest 2025
Gross National Product (GNP) -
correct answer ✅GDP + income from non-resident sources abroad.
reverse innovation -
correct answer ✅An innovation that is adopted first in emerging
economies and is then diffused around the world.
International Business (IB) -
correct answer ✅(1) A business or firm that engages in
international crossborder economic activities and/or (2) the action
of doing business abroad.
semiglobalization -
correct answer ✅A perspective that suggests that barriers to
market integration at borders are high, but not high enough to
insulate countries from each other completely.
BRIC -
correct answer ✅Brazil, Russia, India, and China
,C211: Global Economics for Managers
(WGU) Cengage Text Exam Questions And
Answers Latest 2025
base of the pyramid (BOP) -
correct answer ✅Economies where people make less than $2,000
per capita per year.
emerging economies -
correct answer ✅A term that has gradually replaced the term
"developing countries" since the 1990's.
emerging markets -
correct answer ✅A term that is often used interchangeably with
"emerging economies"
nongovernmental organizations (NGO's) -
correct answer ✅An organization that is not affiliated with
governments.
Expatriate Manager -
correct answer ✅A manager who works "abroad", or "expat" for
short.
, C211: Global Economics for Managers
(WGU) Cengage Text Exam Questions And
Answers Latest 2025
Gross Domestic Product (GDP) -
correct answer ✅The sum of value added by resident firms,
households, and governments
Foreign Direct Investment (FDI) -
correct answer ✅Investment in, controlling, and managing value-
added activities in other countries.
Group of 20 (G-20) -
correct answer ✅The group of 19 major countries plus the
European Union (EU) whose leaders meet on a biannual basis to
solve global economic problems.
liability of foreignness -
correct answer ✅The inherent disadvantage that foreign firms
experience in host countries because of their non-native status.
global business -
correct answer ✅Business around the globe.
