WGU D080
Managing in a Global Business Environment EXAM
Questions and Answers (Verified Questions)
1. A farmers market has many vendors and consumers who all sell
and buythe same produce at the same price.
Which type of market is represented ANS : Perfect competition
2. A sole, national telephone company was found violating antitrust
laws andwas forced to separate into regional companies.
What caused the violation of the antitrust laws ANS : Reduced
competition
3. Many countries from several geographic regions are accused of
dumpingsteel into the U.S. market at unfairly low prices.
Which entity can the United States appeal to in order to correct this
apparentmarket manipulation ANS : World Trade Organization
4. Are aimed at regulating consumer affairs and safeguarding the
,market from anticompetitive practices, particularly from large
companies that may hold amonopoly.: Antitrust laws
5. Attempts to establish global standards in competitive markets in
conjunc- tion with the internal competitive laws that govern each
nation individually.: -The World Trade Organization (WTO)
6. A person who needs, uses, or has used a particular service or product
and who are vulnerable when there is little market competition
because corpora-tions can control prices.: Consumers
7. Was the first American antitrust policy. It dealt with limiting the
power of price-controlling cartels. Its scope has since been expanded to
include a rangeof anticompetitive practices.: The Sherman Antitrust Act
(1890)
8. has a centralized administrative system for
antitrust enforcement, whereas antitrust enforcement in the is
considereda matter of criminal law: The EU and United States
9. This treaty was region-specific to reduce pollution and protect the
animalsliving in the Antarctic region. The treaty was negotiated in
1991.: Antarctic
10. Which of these agreements or treaties was to combat increased
,tempera-tures of global climate change ANS : Paris
11. This treaty ended World War I.: Versailles
12. This agreement was completed in 2016 to stop or at least slow
globalwarming. Not all countries agreed to these goals.: Paris
13. This treaty was designed to bring the European Union closer.
Ultimately,this treaty caused the development of a single currency, the
euro.: Maastricht
, 14. Everyone has the right to enjoy their environment and use some of
its resources for their survival. This requires a shared commitment to
maintainthe quality of environmental resources.: Collective
Environment
15. is charged with monitoring the environmental practices of industry.
Theyhave carried out bilateral programs with many countries,
allowing other na-tions—particularly countries with economies in
transition—to benefit from
U.S. experience in developing appropriate and successful environmental
mea-sure: The EPA
16. Which action is used by companies wishing to avoid working with
vendorswho use sweatshops ANS : Developing and imposing a company
internal code of conduct for vendor labor practices
17. A major footwear brand company is contracting the
manufacturing of its products to a contractor's manufacturing plant
overseas. The footwear
company has been accused of turning a blind eye to sweatshop
practices atother overseas contract locations before.
How should the footwear company ensure that the contractor will
Managing in a Global Business Environment EXAM
Questions and Answers (Verified Questions)
1. A farmers market has many vendors and consumers who all sell
and buythe same produce at the same price.
Which type of market is represented ANS : Perfect competition
2. A sole, national telephone company was found violating antitrust
laws andwas forced to separate into regional companies.
What caused the violation of the antitrust laws ANS : Reduced
competition
3. Many countries from several geographic regions are accused of
dumpingsteel into the U.S. market at unfairly low prices.
Which entity can the United States appeal to in order to correct this
apparentmarket manipulation ANS : World Trade Organization
4. Are aimed at regulating consumer affairs and safeguarding the
,market from anticompetitive practices, particularly from large
companies that may hold amonopoly.: Antitrust laws
5. Attempts to establish global standards in competitive markets in
conjunc- tion with the internal competitive laws that govern each
nation individually.: -The World Trade Organization (WTO)
6. A person who needs, uses, or has used a particular service or product
and who are vulnerable when there is little market competition
because corpora-tions can control prices.: Consumers
7. Was the first American antitrust policy. It dealt with limiting the
power of price-controlling cartels. Its scope has since been expanded to
include a rangeof anticompetitive practices.: The Sherman Antitrust Act
(1890)
8. has a centralized administrative system for
antitrust enforcement, whereas antitrust enforcement in the is
considereda matter of criminal law: The EU and United States
9. This treaty was region-specific to reduce pollution and protect the
animalsliving in the Antarctic region. The treaty was negotiated in
1991.: Antarctic
10. Which of these agreements or treaties was to combat increased
,tempera-tures of global climate change ANS : Paris
11. This treaty ended World War I.: Versailles
12. This agreement was completed in 2016 to stop or at least slow
globalwarming. Not all countries agreed to these goals.: Paris
13. This treaty was designed to bring the European Union closer.
Ultimately,this treaty caused the development of a single currency, the
euro.: Maastricht
, 14. Everyone has the right to enjoy their environment and use some of
its resources for their survival. This requires a shared commitment to
maintainthe quality of environmental resources.: Collective
Environment
15. is charged with monitoring the environmental practices of industry.
Theyhave carried out bilateral programs with many countries,
allowing other na-tions—particularly countries with economies in
transition—to benefit from
U.S. experience in developing appropriate and successful environmental
mea-sure: The EPA
16. Which action is used by companies wishing to avoid working with
vendorswho use sweatshops ANS : Developing and imposing a company
internal code of conduct for vendor labor practices
17. A major footwear brand company is contracting the
manufacturing of its products to a contractor's manufacturing plant
overseas. The footwear
company has been accused of turning a blind eye to sweatshop
practices atother overseas contract locations before.
How should the footwear company ensure that the contractor will
