WGU C211 GLOBAL ECONOMICS FOR
MANAGERS EXAM 2025 |GUARANTEED
ACCURATE ANSWERS
Base of the pyramid (BOP) - ACCURATE ANSWERS✔✔ Economies
where people make less than $2,000 per capita per year.
BRICA - ACCURATE ANSWERS✔✔ Brazil, Russia, India, and China.
Emerging economies - ACCURATE ANSWERS✔✔ term that has
gradually replaced the term "developing countries" since the 1990s.
Emerging markets - ACCURATE ANSWERS✔✔ A term that is often
used interchangeably with "emerging economies."
Expatriate manager - ACCURATE ANSWERS✔✔ A manager who
works abroad, or "expat" for short.
Foreign direct investment (FDI) - ACCURATE ANSWERS✔✔
Investment in, controlling, and managing value-added activities in other
countries.
Global Business - ACCURATE ANSWERS✔✔ Business around the
globe.
,Globalization - ACCURATE ANSWERS✔✔ The close integration of
countries and peoples of the world.
Gross domestic product (GDP) - ACCURATE ANSWERS✔✔ The sum
of value added by resident firms, households, and governments
operating in an economy.
Gross national income (GNI) - ACCURATE ANSWERS✔✔ GDP plus
income from non-resident sources abroad. The term used by the World
Bank and other international organizations to supersede the term GNP.
Gross national product (GNP) - ACCURATE ANSWERS✔✔ GDP plus
income from non-resident sources abroad
Group of 20 (G-20) - ACCURATE ANSWERS✔✔ The group of 19
major countries plus the European Union (EU) whose leaders meet on a
biannual basis to solve global economic problems.
International business (IB) - ACCURATE ANSWERS✔✔ (1) A
business (or firm) that engages in international (cross-border) economic
activities and/or (2) the action of doing business abroad.
International premium - ACCURATE ANSWERS✔✔ A significant pay
raise when working overseas.
,Liability of foreignness - ACCURATE ANSWERS✔✔ The inherent
disadvantage that foreign firms experience in host countries because of
their non-native status.
Multinational enterprise (MNE) - ACCURATE ANSWERS✔✔ A firm
that engages in foreign direct investment (FDI).
Nongovernmental organization (NGO) - ACCURATE ANSWERS✔✔
An organization that is not affiliated with governments.
Purchasing power parity (PPP) - ACCURATE ANSWERS✔✔ A
conversion that determines the equivalent amount of goods and services
that different currencies can purchase.
Reverse innovation - ACCURATE ANSWERS✔✔ An innovation that is
adopted first in emerging economies and is then diffused around the
world.
Risk management - ACCURATE ANSWERS✔✔ The identification and
assessment of risks and the preparation to minimize the impact of high-
risk, unfortunate events.
Scenario planning - ACCURATE ANSWERS✔✔ A technique to prepare
and plan for multiple scenarios (either high or low risk).
, Semiglobalization - ACCURATE ANSWERS✔✔ A perspective that
suggests that barriers to market integration at borders are high, but not
high enough to insulate countries from each other completely.
Triad - ACCURATE ANSWERS✔✔ North America, Western Europe,
and Japan.
Purchasing power parity (PPP) - ACCURATE ANSWERS✔✔
adjustment made to the GDP to reflect differences in the cost of living
The bottom billion - ACCURATE ANSWERS✔✔ Concentrated in
Africa and Central Asia - 58 small countries, stuck at the bottom in
terms of growth, incomes and human development
Enhance employability & advance career, better preparation to be expat,
competence in interacting with foreign
suppliers/partners/competitors/employees - ACCURATE
ANSWERS✔✔ Why study global business?
Institution-based view - ACCURATE ANSWERS✔✔ A core
perspective. Success and failure of firms are constrained by institutions
Formal rules - ACCURATE ANSWERS✔✔ requirements that treat
domestic and foreign firms as equals enhance the potential odds
MANAGERS EXAM 2025 |GUARANTEED
ACCURATE ANSWERS
Base of the pyramid (BOP) - ACCURATE ANSWERS✔✔ Economies
where people make less than $2,000 per capita per year.
BRICA - ACCURATE ANSWERS✔✔ Brazil, Russia, India, and China.
Emerging economies - ACCURATE ANSWERS✔✔ term that has
gradually replaced the term "developing countries" since the 1990s.
Emerging markets - ACCURATE ANSWERS✔✔ A term that is often
used interchangeably with "emerging economies."
Expatriate manager - ACCURATE ANSWERS✔✔ A manager who
works abroad, or "expat" for short.
Foreign direct investment (FDI) - ACCURATE ANSWERS✔✔
Investment in, controlling, and managing value-added activities in other
countries.
Global Business - ACCURATE ANSWERS✔✔ Business around the
globe.
,Globalization - ACCURATE ANSWERS✔✔ The close integration of
countries and peoples of the world.
Gross domestic product (GDP) - ACCURATE ANSWERS✔✔ The sum
of value added by resident firms, households, and governments
operating in an economy.
Gross national income (GNI) - ACCURATE ANSWERS✔✔ GDP plus
income from non-resident sources abroad. The term used by the World
Bank and other international organizations to supersede the term GNP.
Gross national product (GNP) - ACCURATE ANSWERS✔✔ GDP plus
income from non-resident sources abroad
Group of 20 (G-20) - ACCURATE ANSWERS✔✔ The group of 19
major countries plus the European Union (EU) whose leaders meet on a
biannual basis to solve global economic problems.
International business (IB) - ACCURATE ANSWERS✔✔ (1) A
business (or firm) that engages in international (cross-border) economic
activities and/or (2) the action of doing business abroad.
International premium - ACCURATE ANSWERS✔✔ A significant pay
raise when working overseas.
,Liability of foreignness - ACCURATE ANSWERS✔✔ The inherent
disadvantage that foreign firms experience in host countries because of
their non-native status.
Multinational enterprise (MNE) - ACCURATE ANSWERS✔✔ A firm
that engages in foreign direct investment (FDI).
Nongovernmental organization (NGO) - ACCURATE ANSWERS✔✔
An organization that is not affiliated with governments.
Purchasing power parity (PPP) - ACCURATE ANSWERS✔✔ A
conversion that determines the equivalent amount of goods and services
that different currencies can purchase.
Reverse innovation - ACCURATE ANSWERS✔✔ An innovation that is
adopted first in emerging economies and is then diffused around the
world.
Risk management - ACCURATE ANSWERS✔✔ The identification and
assessment of risks and the preparation to minimize the impact of high-
risk, unfortunate events.
Scenario planning - ACCURATE ANSWERS✔✔ A technique to prepare
and plan for multiple scenarios (either high or low risk).
, Semiglobalization - ACCURATE ANSWERS✔✔ A perspective that
suggests that barriers to market integration at borders are high, but not
high enough to insulate countries from each other completely.
Triad - ACCURATE ANSWERS✔✔ North America, Western Europe,
and Japan.
Purchasing power parity (PPP) - ACCURATE ANSWERS✔✔
adjustment made to the GDP to reflect differences in the cost of living
The bottom billion - ACCURATE ANSWERS✔✔ Concentrated in
Africa and Central Asia - 58 small countries, stuck at the bottom in
terms of growth, incomes and human development
Enhance employability & advance career, better preparation to be expat,
competence in interacting with foreign
suppliers/partners/competitors/employees - ACCURATE
ANSWERS✔✔ Why study global business?
Institution-based view - ACCURATE ANSWERS✔✔ A core
perspective. Success and failure of firms are constrained by institutions
Formal rules - ACCURATE ANSWERS✔✔ requirements that treat
domestic and foreign firms as equals enhance the potential odds
