C211 WGU OA Exam with Complete
Solutions Rated A+ New Update
During which stage of the product life cycle do sales and profits gradually increase
before seeing more dramatic increases? - Answers -✔✔ Growth
Which factor determines the foreign exchange rate of any currency? - Answers -✔✔
Supply and demand for the currency
Which risk must corporation minimize if it is to effectively manage short-term currency
fluctuations? - Answers -✔✔ Transaction Risk
Which political view of foreign direct investment (FDI) is most widely used by
governments in the current international business environment? - Answers -✔✔
Protectionism
Which factors credit the degree of rivalry between a pair of competitors? 2 choices -
Answers -✔✔ Market Commonality
Cost Structure
Which factors credit how local firms in emerging economics will respond to multinational
competitors? - Answers -✔✔ Competitive assets and industry pressures to globalize
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? -
Answers -✔✔ Fixed Rate Policy
Which term refers to trading currencies and currency derivatives in order to earn profits
and help make prices efficient? - Answers -✔✔ Brokering
Which type of advantage is gained by a company based on where it operates? -
Answers -✔✔ Location-Specific
Who gains from erecting significant entry barriers for other entrants? - Answers -✔✔
First Movers
Which strategy for entering into a foreign market has the lowest degree of risk? -
Answers -✔✔ Licensing
What is a non-equity mode involving some type of contractual agreement? - Answers -
✔✔ 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? - Answers -✔✔ 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? - Answers -✔✔ NAFTA
What is one of the core propositions underpinning an institution-based view of global
business? - Answers -✔✔ Managers and corporations make rational decisions within
their formal and informal framework
Which type of system allows businesses to be privately owned with a strong
individualistic profit orientation? - Answers -✔✔ Market economy
Which legal system is based on a religious document and religious teachings? -
Answers -✔✔ Theocratic Law
Which type of good has well-established property rights? - Answers -✔✔ Private Goods
Which activity disregards basic property rights? - Answers -✔✔ Students play loud
music in the open area between dorms
What is one type of economy that uses the market system? - Answers -✔✔ Mixed
Economy
Which kind of outcome was Adam Smith referring to when describing the invisible
hand? - Answers -✔✔ Market Outcomes
What does the value of the marginal product of labor for a perfectly competitive, profit
maximizing firm equal? - Answers -✔✔ Wage
What is the change in total cost equal to? - Answers -✔✔ Marginal Cost multiplied by
change in quantity
Which condition must be satisfied for a competitive firm to shut down in a short run? -
Answers -✔✔ Total variable costs are greater than total revenue
What will a competitive firm do in the short run if its average variable cost exceeds
price? - Answers -✔✔ It will shut down
What is a characteristic of a monopoly demand curve? - Answers -✔✔ It is the same as
the market demand curve
Solutions Rated A+ New Update
During which stage of the product life cycle do sales and profits gradually increase
before seeing more dramatic increases? - Answers -✔✔ Growth
Which factor determines the foreign exchange rate of any currency? - Answers -✔✔
Supply and demand for the currency
Which risk must corporation minimize if it is to effectively manage short-term currency
fluctuations? - Answers -✔✔ Transaction Risk
Which political view of foreign direct investment (FDI) is most widely used by
governments in the current international business environment? - Answers -✔✔
Protectionism
Which factors credit the degree of rivalry between a pair of competitors? 2 choices -
Answers -✔✔ Market Commonality
Cost Structure
Which factors credit how local firms in emerging economics will respond to multinational
competitors? - Answers -✔✔ Competitive assets and industry pressures to globalize
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? -
Answers -✔✔ Fixed Rate Policy
Which term refers to trading currencies and currency derivatives in order to earn profits
and help make prices efficient? - Answers -✔✔ Brokering
Which type of advantage is gained by a company based on where it operates? -
Answers -✔✔ Location-Specific
Who gains from erecting significant entry barriers for other entrants? - Answers -✔✔
First Movers
Which strategy for entering into a foreign market has the lowest degree of risk? -
Answers -✔✔ Licensing
What is a non-equity mode involving some type of contractual agreement? - Answers -
✔✔ 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? - Answers -✔✔ 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? - Answers -✔✔ NAFTA
What is one of the core propositions underpinning an institution-based view of global
business? - Answers -✔✔ Managers and corporations make rational decisions within
their formal and informal framework
Which type of system allows businesses to be privately owned with a strong
individualistic profit orientation? - Answers -✔✔ Market economy
Which legal system is based on a religious document and religious teachings? -
Answers -✔✔ Theocratic Law
Which type of good has well-established property rights? - Answers -✔✔ Private Goods
Which activity disregards basic property rights? - Answers -✔✔ Students play loud
music in the open area between dorms
What is one type of economy that uses the market system? - Answers -✔✔ Mixed
Economy
Which kind of outcome was Adam Smith referring to when describing the invisible
hand? - Answers -✔✔ Market Outcomes
What does the value of the marginal product of labor for a perfectly competitive, profit
maximizing firm equal? - Answers -✔✔ Wage
What is the change in total cost equal to? - Answers -✔✔ Marginal Cost multiplied by
change in quantity
Which condition must be satisfied for a competitive firm to shut down in a short run? -
Answers -✔✔ Total variable costs are greater than total revenue
What will a competitive firm do in the short run if its average variable cost exceeds
price? - Answers -✔✔ It will shut down
What is a characteristic of a monopoly demand curve? - Answers -✔✔ It is the same as
the market demand curve
