WGU D080 Managing in a Global Business Environment Study Guide _ Exam Questions and Answers _ Comprehensive
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WGU D080 Managing in a Global
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A company is considering establishing a subsidiary Cultural training
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
What happens to consumer surplus when tariffs They increase
and quotas are discontinued?
Which type of tariff is put in place to specifically Protective
ensure that domestic industries are given an
advantage?
What is a benefit of implementing a system of free Reduced tariffs would result in lower costs of imported raw materials.
trade?
How are free trade agreements handled differently Treaties must be approved by the Senate, whereas a free trade
than treaties in the United States? agreement must pass both houses of Congress.
Treaties must be approved by the Senate, whereas Tariffs
a free trade agreement must pass both houses of
Congress.
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An airplane manufacturer outsources the Value chain
manufacture of some its parts and sub-assemblies.
They are then returned to the manufacturer's main
plant for final assembly.
Country A exports more goods to Country B than it Trade surplus
imports from Country B. Country A receives more
monetary gain by using this practice.
Which relationship does Country A have with
Country B?
Country A has been criticized by other countries for Government subsidies
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?
A farmer knows that it takes 100 hours of labor to Opportunity
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?
A country produces goods more efficiently than all Absolute
other countries in the same industry.
Which type of advantage does this country have?
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Country A exports farming equipment to Country B, Skill specialization
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?
A company produces the same product over and Economies of scale
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?
A country with a new economy implemented trade To restrict international economic trade
protectionism in relation to countries with more
developed economies.
Why did the country take this action?
How do anti dumping laws protect a domestic They prevent foreign companies from selling goods and services at or
market? below cost.
How do Congress and the Department of To increase domestic prices to specific levels to make products profitable
Agriculture use quotas to their advantage?
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Course Reviewhttps://www.stuvia.com/use
https://www.stuvia.com/user/stuviaun
WGU D080 Managing in a Global
Business Environment Study
Guide | Exam Questions and
Answers | Comprehensive
Course Review
https://www.stuvia.com/user/stuviaun
WGU D080 Managing in a Global Business Environment
PageStudy
1 of 66https://www.stuvia.com/user/stuviaun
Guide _ Exam Questions and Answers _ Comprehensive
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Course Reviewhttps://www.stuvia.com/use
,WGU D080 Managing in a Global Business Environmenthttps://www.stuvia.com/user/stuviaun https://www.stuvia.com/user/stuviaun
A company is considering establishing a subsidiary Cultural training
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
What happens to consumer surplus when tariffs They increase
and quotas are discontinued?
Which type of tariff is put in place to specifically Protective
ensure that domestic industries are given an
advantage?
What is a benefit of implementing a system of free Reduced tariffs would result in lower costs of imported raw materials.
trade?
How are free trade agreements handled differently Treaties must be approved by the Senate, whereas a free trade
than treaties in the United States? agreement must pass both houses of Congress.
Treaties must be approved by the Senate, whereas Tariffs
a free trade agreement must pass both houses of
Congress.
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,WGU D080 Managing in a Global Business Environmenthttps://www.stuvia.com/user/stuviaun https://www.stuvia.com/user/stuviaun
An airplane manufacturer outsources the Value chain
manufacture of some its parts and sub-assemblies.
They are then returned to the manufacturer's main
plant for final assembly.
Country A exports more goods to Country B than it Trade surplus
imports from Country B. Country A receives more
monetary gain by using this practice.
Which relationship does Country A have with
Country B?
Country A has been criticized by other countries for Government subsidies
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?
A farmer knows that it takes 100 hours of labor to Opportunity
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?
A country produces goods more efficiently than all Absolute
other countries in the same industry.
Which type of advantage does this country have?
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, WGU D080 Managing in a Global Business Environmenthttps://www.stuvia.com/user/stuviaun https://www.stuvia.com/user/stuviaun
Country A exports farming equipment to Country B, Skill specialization
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?
A company produces the same product over and Economies of scale
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?
A country with a new economy implemented trade To restrict international economic trade
protectionism in relation to countries with more
developed economies.
Why did the country take this action?
How do anti dumping laws protect a domestic They prevent foreign companies from selling goods and services at or
market? below cost.
How do Congress and the Department of To increase domestic prices to specific levels to make products profitable
Agriculture use quotas to their advantage?
WGU D080 Managing in a Global Business Environmenthttps://www.stuvia.com/user/stuviaun
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