WGU D271 MIDTERM EXAM WITH
100% CORRECT ANSWERS
ALREADY GRADED A+ (Passed)
Chapter 1 D270 midterm
GARCIA, D270 Chapter 2 Cultural
Environments Facing Business, D270
Chapter 3 The Political and Legal
Environments Facing Business, D270
Chapter 1 Globalization and
International Business
Chapter 1 - ANSWER✔✔
The upsides of globalized sports - ANSWER✔✔ fans can enjoy a very high level
of competition more than any former generation that's the upside, the
downsides of globalized sports - ANSWER✔✔ one downside is that some
countries don't adapt easily to another country's sport like cricket and
American football. This could be because of the complicated rules. Another
downside is that there is a big risk economically in hosting a World Cup and the
Olympics. On one hand, there is a big foreign direct investment and
improvement of lower-income areas for future economic growth, but after the
,fact, the facilities have no use and often leave the country in debt. Countries
also don't like their best players leaving for money.
Questions 1.1 1-1. Professional athlete A is a star, and professional athlete B is an
average player. How has the globalization of professional sports affected each of
these both positively and negatively? - ANSWER✔✔ Professional athlete A:
• gets to go play for the biggest paycheck
• might have to leave the country
• not going to stick out as much Professional athlete B:
• gets to shine more
• less coverage by media
• less pay
• low chance of moving up
Questions 1.2 As you read the chapter, identify and show an example of each
international mode of operations that is illustrated in the globalization of
professional sports. - ANSWER✔✔ The MLB was showing their revenues and
ratings flatline, so they solved this by expanding and broadcasting their games
globally. This allowed an audience to be formed in many different countries and
increased the MLB's stock.
Operations Objectives - ANSWER✔✔ sales expansion
resource acquisition risk reduction
Globalization - ANSWER✔✔ the widening and deepening of interdependent
relationships among people from different nations / the elimination of barriers to
international movement of goods, services, capital, technology, and people that
influence the integration of world economies
Why study about Globalization? - ANSWER✔✔ Throughout history, increasing
global connections have increased people's access to valuable resources, and
other forms of capital, which has deeply changed the expectations of life for
many people. It allows us to get better quality goods faster and cheaper.
,How does IB fit into globalization? - ANSWER✔✔ The globalization connections
between supplies and markets result from the activities of investment banking
(sales, investments, and transportation) which take place in all countries.
Why should you study IB? - ANSWER✔✔ It makes up a large and growing
portion of the world's business. Most managers need to take investment banking
into account when making strategies. They have to consider two things:
(1) Where you can obtain the best inputs at the best possible price for your
production
(2) Where you can best sell the product or service you've put together from
those inputs
A better understanding of IB will help managers make more informed decisions.
The forces driving globalization - ANSWER✔✔ The increasing rate of
interdependence between countries
restrictions on imports have generally been decreasing
foreign-owned investments are producing a larger percent of the world's output
Size of countries affect Globalization - ANSWER✔✔ Smaller countries tend to be
more globalized than larger ones, mainly because their smaller masses and
populations permit a lower variety of production.
Per capita incomes affect globalization - ANSWER✔✔ Countries with higher per
capita tend to be more globalized than those with lower ones because their
citizens can afford better foreign products, travel, and communication.
Variance among Globalization aspects - ANSWER✔✔ Although a country may
rank as highly globalized on one dimension, it may be low on another, such as
the United States being high on technological scales but low on economic ones.
Factors in increased globalization - ANSWER✔✔
1. Rise in and application of technology
2. Liberalization of cross-border trade and resource movements
3. Development of services that support IB
4. Growth of consumer pressures
5. Increase in global competition
, 6. Changes in political situations and government policies
7. Expansion of cross-national cooperation
Rise in and Application of Technology - ANSWER✔✔ Countries can produce
more because of different factors: the rising population, the increased efficiency
that means it takes less to make something new because you have more people
to produce it. Construction of many new products cannot successfully be done in
one country because it takes so many financial and intellectual resources that
different countries offer.
Liberalization of cross-border trade and resource movements - ANSWER✔✔ To
protect their own industries, countries restrict the import of goods, services,
workers, capital, tools, etc. These restrictions set limits on IB activities. Over time,
many governments have reduced these restrictions for three primary reasons: (1)
Their citizens want a greater variety of goods and services at lower prices
(2) Competition spurs domestic producers to become more efficient
(3) They hope to induce other countries to lower their barriers in turn
Development of Services that Support IB - ANSWER✔✔ Companies and
governments have developed services that facilitate commerce, e.g., bank credit
agreements.
Growth in Consumer Pressures - ANSWER✔✔ Consumers want the best product
at the cheapest price. This can cause problems because more developed
countries can produce better, more quality products than other countries for a
cheaper price. Also, companies are having to make their marketing for a much
broader audience now so that they can appeal to everyone, which is a very hard
task.
Increase in Global Competition - ANSWER✔✔ Increased competition pressures
can persuade companies to go abroad. If another company is going abroad to
get cheaper labor/resources, then we need to go abroad first.
Changes in Political situations and Government Policies - ANSWER✔✔ Political
changes can open up new frontiers, such as diplomatic changes between the USA
and CUBA. Governments support programs, such as improving airport and
seaport facilities, to foster efficiencies for delivering goods internationally. They
also now provide an array of services to help domestic companies sell more
100% CORRECT ANSWERS
ALREADY GRADED A+ (Passed)
Chapter 1 D270 midterm
GARCIA, D270 Chapter 2 Cultural
Environments Facing Business, D270
Chapter 3 The Political and Legal
Environments Facing Business, D270
Chapter 1 Globalization and
International Business
Chapter 1 - ANSWER✔✔
The upsides of globalized sports - ANSWER✔✔ fans can enjoy a very high level
of competition more than any former generation that's the upside, the
downsides of globalized sports - ANSWER✔✔ one downside is that some
countries don't adapt easily to another country's sport like cricket and
American football. This could be because of the complicated rules. Another
downside is that there is a big risk economically in hosting a World Cup and the
Olympics. On one hand, there is a big foreign direct investment and
improvement of lower-income areas for future economic growth, but after the
,fact, the facilities have no use and often leave the country in debt. Countries
also don't like their best players leaving for money.
Questions 1.1 1-1. Professional athlete A is a star, and professional athlete B is an
average player. How has the globalization of professional sports affected each of
these both positively and negatively? - ANSWER✔✔ Professional athlete A:
• gets to go play for the biggest paycheck
• might have to leave the country
• not going to stick out as much Professional athlete B:
• gets to shine more
• less coverage by media
• less pay
• low chance of moving up
Questions 1.2 As you read the chapter, identify and show an example of each
international mode of operations that is illustrated in the globalization of
professional sports. - ANSWER✔✔ The MLB was showing their revenues and
ratings flatline, so they solved this by expanding and broadcasting their games
globally. This allowed an audience to be formed in many different countries and
increased the MLB's stock.
Operations Objectives - ANSWER✔✔ sales expansion
resource acquisition risk reduction
Globalization - ANSWER✔✔ the widening and deepening of interdependent
relationships among people from different nations / the elimination of barriers to
international movement of goods, services, capital, technology, and people that
influence the integration of world economies
Why study about Globalization? - ANSWER✔✔ Throughout history, increasing
global connections have increased people's access to valuable resources, and
other forms of capital, which has deeply changed the expectations of life for
many people. It allows us to get better quality goods faster and cheaper.
,How does IB fit into globalization? - ANSWER✔✔ The globalization connections
between supplies and markets result from the activities of investment banking
(sales, investments, and transportation) which take place in all countries.
Why should you study IB? - ANSWER✔✔ It makes up a large and growing
portion of the world's business. Most managers need to take investment banking
into account when making strategies. They have to consider two things:
(1) Where you can obtain the best inputs at the best possible price for your
production
(2) Where you can best sell the product or service you've put together from
those inputs
A better understanding of IB will help managers make more informed decisions.
The forces driving globalization - ANSWER✔✔ The increasing rate of
interdependence between countries
restrictions on imports have generally been decreasing
foreign-owned investments are producing a larger percent of the world's output
Size of countries affect Globalization - ANSWER✔✔ Smaller countries tend to be
more globalized than larger ones, mainly because their smaller masses and
populations permit a lower variety of production.
Per capita incomes affect globalization - ANSWER✔✔ Countries with higher per
capita tend to be more globalized than those with lower ones because their
citizens can afford better foreign products, travel, and communication.
Variance among Globalization aspects - ANSWER✔✔ Although a country may
rank as highly globalized on one dimension, it may be low on another, such as
the United States being high on technological scales but low on economic ones.
Factors in increased globalization - ANSWER✔✔
1. Rise in and application of technology
2. Liberalization of cross-border trade and resource movements
3. Development of services that support IB
4. Growth of consumer pressures
5. Increase in global competition
, 6. Changes in political situations and government policies
7. Expansion of cross-national cooperation
Rise in and Application of Technology - ANSWER✔✔ Countries can produce
more because of different factors: the rising population, the increased efficiency
that means it takes less to make something new because you have more people
to produce it. Construction of many new products cannot successfully be done in
one country because it takes so many financial and intellectual resources that
different countries offer.
Liberalization of cross-border trade and resource movements - ANSWER✔✔ To
protect their own industries, countries restrict the import of goods, services,
workers, capital, tools, etc. These restrictions set limits on IB activities. Over time,
many governments have reduced these restrictions for three primary reasons: (1)
Their citizens want a greater variety of goods and services at lower prices
(2) Competition spurs domestic producers to become more efficient
(3) They hope to induce other countries to lower their barriers in turn
Development of Services that Support IB - ANSWER✔✔ Companies and
governments have developed services that facilitate commerce, e.g., bank credit
agreements.
Growth in Consumer Pressures - ANSWER✔✔ Consumers want the best product
at the cheapest price. This can cause problems because more developed
countries can produce better, more quality products than other countries for a
cheaper price. Also, companies are having to make their marketing for a much
broader audience now so that they can appeal to everyone, which is a very hard
task.
Increase in Global Competition - ANSWER✔✔ Increased competition pressures
can persuade companies to go abroad. If another company is going abroad to
get cheaper labor/resources, then we need to go abroad first.
Changes in Political situations and Government Policies - ANSWER✔✔ Political
changes can open up new frontiers, such as diplomatic changes between the USA
and CUBA. Governments support programs, such as improving airport and
seaport facilities, to foster efficiencies for delivering goods internationally. They
also now provide an array of services to help domestic companies sell more
