WGU D080 ACTUAL OA FINAL EXAM
CURRENTLY TESTING QUESTIONS
WITH COMPLETE SOLUTIONS |A
GRADE
Globalization - ✔✔ANSW✔✔..Worldwide
interconnections in virtually every sphere of activity
including the spread of products, technology,
information, and job opportunities. Globalization
can result in blurred boundaries between nations,
organizations, and investors
trade - ✔✔ANSW✔✔..The action of buying and
selling goods and services
capital - ✔✔ANSW✔✔..Financial assets such as
funds but also equipment, facilities, and other means
of production
outsource - ✔✔ANSW✔✔..To obtain goods or
services from an outside or foreign supplier
,nongovernmental organizations (NGOs) -
✔✔ANSW✔✔..Not for profit organizations that are
independent of the government and are active in
humanitarian causes
Which type of globalization refers to the
international movement of goods, capital, and
services? - ✔✔ANSW✔✔..Economic
patents - ✔✔ANSW✔✔..Protects inventions and
improvements to existing inventions for a limited
period of time in exchange for detailed public
disclosure of those inventions
copyrights - ✔✔ANSW✔✔..A government
authority or license giving the owner of an invention
the right to exclude others from making or selling
the invention for a set period of time
trademarks - ✔✔ANSW✔✔..Protection for any
word, name, symbol, device, or any combination
used in commerce to identify and distinguish the
,goods of one manufacturer or seller from goods
manufactured or sold by others
assets - ✔✔ANSW✔✔..A useful or valuable thing;
something you own such as building, inventory, or
cash
liabilities - ✔✔ANSW✔✔..Being responsible for a
debt or financial obligation, something you owe
financial instrument - ✔✔ANSW✔✔..A monetary
contract between parties
multinational firms - ✔✔ANSW✔✔..A large
corporation incorporated in one country which
produces or sells goods or services in various
countries
The 5 Stages of going Global -
✔✔ANSW✔✔..Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
, Economies of scale - ✔✔ANSW✔✔..A
proportionate savings in costs gained by an
increased level of production
Economies of scope - ✔✔ANSW✔✔..To develop
efficiencies in terms of variety not volume
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? - ✔✔ANSW✔✔..Cost
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? - ✔✔ANSW✔✔..Cost
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
CURRENTLY TESTING QUESTIONS
WITH COMPLETE SOLUTIONS |A
GRADE
Globalization - ✔✔ANSW✔✔..Worldwide
interconnections in virtually every sphere of activity
including the spread of products, technology,
information, and job opportunities. Globalization
can result in blurred boundaries between nations,
organizations, and investors
trade - ✔✔ANSW✔✔..The action of buying and
selling goods and services
capital - ✔✔ANSW✔✔..Financial assets such as
funds but also equipment, facilities, and other means
of production
outsource - ✔✔ANSW✔✔..To obtain goods or
services from an outside or foreign supplier
,nongovernmental organizations (NGOs) -
✔✔ANSW✔✔..Not for profit organizations that are
independent of the government and are active in
humanitarian causes
Which type of globalization refers to the
international movement of goods, capital, and
services? - ✔✔ANSW✔✔..Economic
patents - ✔✔ANSW✔✔..Protects inventions and
improvements to existing inventions for a limited
period of time in exchange for detailed public
disclosure of those inventions
copyrights - ✔✔ANSW✔✔..A government
authority or license giving the owner of an invention
the right to exclude others from making or selling
the invention for a set period of time
trademarks - ✔✔ANSW✔✔..Protection for any
word, name, symbol, device, or any combination
used in commerce to identify and distinguish the
,goods of one manufacturer or seller from goods
manufactured or sold by others
assets - ✔✔ANSW✔✔..A useful or valuable thing;
something you own such as building, inventory, or
cash
liabilities - ✔✔ANSW✔✔..Being responsible for a
debt or financial obligation, something you owe
financial instrument - ✔✔ANSW✔✔..A monetary
contract between parties
multinational firms - ✔✔ANSW✔✔..A large
corporation incorporated in one country which
produces or sells goods or services in various
countries
The 5 Stages of going Global -
✔✔ANSW✔✔..Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
, Economies of scale - ✔✔ANSW✔✔..A
proportionate savings in costs gained by an
increased level of production
Economies of scope - ✔✔ANSW✔✔..To develop
efficiencies in terms of variety not volume
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? - ✔✔ANSW✔✔..Cost
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? - ✔✔ANSW✔✔..Cost
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
