C211 WGU OA
1. Which political view of foreign direct investment Protectionism
(FDI) is most widely used by governments in the
current international business environment?
2. Which factors credit the degree of rivalry between Market Commonality
a pair of competitors? 2 choices Cost Structure
3. Which factors credit how local firms in emerging Competitive assets and indus-
economics will respond to multinational competi- try pressures to globalize
tors?
4. During which stage of the product life cycle do Growth
sales and profits gradually increase before seeing
more dramatic increases?
5. Which factor determines the foreign exchange rate Supply and demand for the
of any currency? currency
6. Which risk must corporation minimize if it is to Transaction Risk
effectively manage short-term currency fluctua-
tions?
7. Which policy does a country use to determine the Fixed Rate Policy
exchange rate of their currency in relationship to
another country's currency if they do not rely on
market forces?
8. Which term refers to trading currencies and cur- Brokering
rency derivatives in order to earn profits and help
make prices efficient?
9. Which type of advantage is gained by a company Location-Specific
based on where it operates?
, C211 WGU OA
10. Who gains from erecting significant entry barriers First Movers
for other entrants?
11. Which strategy for entering into a foreign market Licensing
has the lowest degree of risk?
12. What is a non-equity mode involving some type of Licensing
contractual agreement?
13. After the Lehman Brothers collapse, the federal Non Governmental Organiza-
Reserve stood ready to lend financial institutions tion
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?
14. What is the comprehensive free-trade settlement NAFTA
among Canada, US, and Mexico, that address is-
sues of protecting workers rights, the environment
and reducing tariffs and non-tariff trade barriers?
15. What is one of the core propositions underpinning Managers and corporations
an institution-based view of global business? make rational decisions with-
in their formal and informal
framework
16. Which type of system allows businesses to be pri- Market economy
vately owned with a strong individualistic profit ori-
entation?
17. Which legal system is based on a religious docu- Theocratic Law
ment and religious teachings?
18. Which type of good has well-established property Private Goods
rights?
, C211 WGU OA
19. Which activity disregards basic property rights? Students play loud music in the
open area between dorms
20. What is one type of economy that uses the market Mixed Economy
system?
21. Which kind of outcome was Adam Smith referring Market Outcomes
to when describing the invisible hand?
22. What does the value of the marginal product of Wage
labor for a perfectly competitive, profit maximizing
firm equal?
23. What is the change in total cost equal to? Marginal Cost multiplied by
change in quantity
24. Which condition must be satisfied for a competitive Total variable costs are greater
firm to shut down in a short run? than total revenue
25. What will a competitive firm do in the short run if It will shut down
its average variable cost exceeds price?
26. What is a characteristic of a monopoly demand It is the same as the market
curve? demand curve
27. Which statement describes a monopoly's demand It is less elastic than a perfect-
curve? ly competitive firms demand
curve
28. What is the profit maximization condition for a mo- Where marginal revenue
nopoly? equals marginal cost
29.
1. Which political view of foreign direct investment Protectionism
(FDI) is most widely used by governments in the
current international business environment?
2. Which factors credit the degree of rivalry between Market Commonality
a pair of competitors? 2 choices Cost Structure
3. Which factors credit how local firms in emerging Competitive assets and indus-
economics will respond to multinational competi- try pressures to globalize
tors?
4. During which stage of the product life cycle do Growth
sales and profits gradually increase before seeing
more dramatic increases?
5. Which factor determines the foreign exchange rate Supply and demand for the
of any currency? currency
6. Which risk must corporation minimize if it is to Transaction Risk
effectively manage short-term currency fluctua-
tions?
7. Which policy does a country use to determine the Fixed Rate Policy
exchange rate of their currency in relationship to
another country's currency if they do not rely on
market forces?
8. Which term refers to trading currencies and cur- Brokering
rency derivatives in order to earn profits and help
make prices efficient?
9. Which type of advantage is gained by a company Location-Specific
based on where it operates?
, C211 WGU OA
10. Who gains from erecting significant entry barriers First Movers
for other entrants?
11. Which strategy for entering into a foreign market Licensing
has the lowest degree of risk?
12. What is a non-equity mode involving some type of Licensing
contractual agreement?
13. After the Lehman Brothers collapse, the federal Non Governmental Organiza-
Reserve stood ready to lend financial institutions tion
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?
14. What is the comprehensive free-trade settlement NAFTA
among Canada, US, and Mexico, that address is-
sues of protecting workers rights, the environment
and reducing tariffs and non-tariff trade barriers?
15. What is one of the core propositions underpinning Managers and corporations
an institution-based view of global business? make rational decisions with-
in their formal and informal
framework
16. Which type of system allows businesses to be pri- Market economy
vately owned with a strong individualistic profit ori-
entation?
17. Which legal system is based on a religious docu- Theocratic Law
ment and religious teachings?
18. Which type of good has well-established property Private Goods
rights?
, C211 WGU OA
19. Which activity disregards basic property rights? Students play loud music in the
open area between dorms
20. What is one type of economy that uses the market Mixed Economy
system?
21. Which kind of outcome was Adam Smith referring Market Outcomes
to when describing the invisible hand?
22. What does the value of the marginal product of Wage
labor for a perfectly competitive, profit maximizing
firm equal?
23. What is the change in total cost equal to? Marginal Cost multiplied by
change in quantity
24. Which condition must be satisfied for a competitive Total variable costs are greater
firm to shut down in a short run? than total revenue
25. What will a competitive firm do in the short run if It will shut down
its average variable cost exceeds price?
26. What is a characteristic of a monopoly demand It is the same as the market
curve? demand curve
27. Which statement describes a monopoly's demand It is less elastic than a perfect-
curve? ly competitive firms demand
curve
28. What is the profit maximization condition for a mo- Where marginal revenue
nopoly? equals marginal cost
29.
