WGU C211: Global Economics for Managers Cengage Study guides, Class notes & Summaries
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WGU C211: Global Economics for Managers Cengage Text Graded A+
- Exam (elaborations) • 21 pages • 2023
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Globalization The close integration of countries and peoples of the world. 
Purchasing Power Parity (PPP) A conversion that determines the equivalent amount of goods 
and services that different currencies can purchase. 
Scenario Planning A technique to prepare and plan for multiple scenarios (either high or low 
risk). 
Risk management The identification and assessment of risks and the preparation to minimize 
the impact of high-risk , unfortunate events. 
Gross National Income (GNI) GDP + inco...
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