WGU C211 ACTUAL STUDY GUIDE QUESTIONS
(LATEST 2025/2026 UPDATE) 100% CORRECT
The following Comprehensive questions are developed as a study aid for
the C211 COS. They cover important concepts in each competency. The
questions are designed to serve as an indicator of your preparedness to
take the C211 assessment. You can use these to help you take notes as
you go through the chapters. You may also use them to reinforce your
understanding after covering the material.
Main Topics Covered
➢ Competency 1: Business Decision Making in
the Global Environment ----pg. 1
➢ Competency 2: Political and Economic Forces--
---pg. 8
1
, ➢ Competency 3: Economic Decision Making by
Firms and Consumers------pg. 12
➢ Competency 4: Microeconomics and
Macroeconomic Principles-----pg. 20
➢ Competency 5: Assessing Global Economic
Performance and International Trade-----pg. 24
Competency 1: Business Decision Making in the Global Environment
Globalization (Peng Chapters 1, 5, 6, 11)
1. What determines the success and failure of firms around the globe?
2. List and briefly explain the two views (core perspectives) for global
business.
Institution based – success and failure of firms are enabled and
constrained by institutions (rules)
Resource based – success and failure are enabled by internal
resources and capabilities
2
, 3. What is globalization? Explain the three views on globalization.
Close integration of countries and people of the world. Can be
viewed as a new force sweeping thru the world recently, historical
evolution since the dawn of human history, or a pendulum swinging
from one end to another
4. What is FDI? Identify and define the key terms associated with FDI.
Foreign Direct Investing - Investing in, controlling, and managing
value-added activities in other countries
5. What is the OLI advantage? (Explain)
A firm’s quest for ownership, location, and internalization
advantages
6. What are the political views on FDI? (Explain)
Radical – opposed
Free Market – win-win situations
Pragmatic – approved only when benefits > costs
7. What are the costs and benefits of FDI to the host country? (Explain)
Capital inflow, technology, management, job creation
8. What are the costs and benefits of FDI to the home country?
(Explain) Earnings, exports, learning from abroad
3
(LATEST 2025/2026 UPDATE) 100% CORRECT
The following Comprehensive questions are developed as a study aid for
the C211 COS. They cover important concepts in each competency. The
questions are designed to serve as an indicator of your preparedness to
take the C211 assessment. You can use these to help you take notes as
you go through the chapters. You may also use them to reinforce your
understanding after covering the material.
Main Topics Covered
➢ Competency 1: Business Decision Making in
the Global Environment ----pg. 1
➢ Competency 2: Political and Economic Forces--
---pg. 8
1
, ➢ Competency 3: Economic Decision Making by
Firms and Consumers------pg. 12
➢ Competency 4: Microeconomics and
Macroeconomic Principles-----pg. 20
➢ Competency 5: Assessing Global Economic
Performance and International Trade-----pg. 24
Competency 1: Business Decision Making in the Global Environment
Globalization (Peng Chapters 1, 5, 6, 11)
1. What determines the success and failure of firms around the globe?
2. List and briefly explain the two views (core perspectives) for global
business.
Institution based – success and failure of firms are enabled and
constrained by institutions (rules)
Resource based – success and failure are enabled by internal
resources and capabilities
2
, 3. What is globalization? Explain the three views on globalization.
Close integration of countries and people of the world. Can be
viewed as a new force sweeping thru the world recently, historical
evolution since the dawn of human history, or a pendulum swinging
from one end to another
4. What is FDI? Identify and define the key terms associated with FDI.
Foreign Direct Investing - Investing in, controlling, and managing
value-added activities in other countries
5. What is the OLI advantage? (Explain)
A firm’s quest for ownership, location, and internalization
advantages
6. What are the political views on FDI? (Explain)
Radical – opposed
Free Market – win-win situations
Pragmatic – approved only when benefits > costs
7. What are the costs and benefits of FDI to the host country? (Explain)
Capital inflow, technology, management, job creation
8. What are the costs and benefits of FDI to the home country?
(Explain) Earnings, exports, learning from abroad
3
