As economies advance Study guides, Class notes & Summaries

Microeconomics correct answers study of the individual firms, consumers, and markets within the economy Macroeconomics correct answers study of the aggregate (whole) economy Three Big Questions correct answers 1) What? 2) How? 3) For whom (owl question)? What? correct answers What goods and services will be produced and in what quantities? How? correct answers How will the goods and services be produced? For whom (owl question)? correct answers For whom will the goods and services...

MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question. 1) If a country’s economic decisions are made by an individual or small number of individuals, then it has a A) centralized economy. B) free-market economy. C) capitalist economy. D) open economy. 1) A In centralized economies, an individual or a small group of individuals decide what, how, and for whom to produce. 2) A good example of central planning at work in the U.S. is A) c...

Marketing - ANSWER-identifying and meeting human and social needs in a way that harmonizes with the goals of the organization Marketing Management - ANSWER-the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value Goods - ANSWER-Physical goods constitute the bulk of most countries' production and marketing efforts Services - ANSWER-As economies advance, a growing proportion of their ...

C211 Global Economics for Managers Exam Questions and Answers 100% Pass Base of the pyramid (BOP) - Answer- Economies where people make less than $2,000 per capita per year. BRICA - Answer- Brazil, Russia, India, and China. Emerging economies - Answer- term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets - Answer- A term that is often used interchangeably with "emerging economies." Expatriate manager - Answer- A manager who works abroad,...

C211 GLOBAL ECONOMICS FOR MANAGERS (WGU ACTUAL EXAM) WITH VERIFIED SOLUTIONS Base of the pyramid (BOP) - CORRECT ANSWER-Economies where people make less than $2,000 per capita per year. BRICA - CORRECT ANSWER-Brazil, Russia, India, and China. Emerging economies - CORRECT ANSWER-term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets - CORRECT ANSWER-A term that is often used interchangeably with "emerging economies." Expatriate manag...

C16 Business of Insurance Questions and Answers Already Passed 5 Ways Insurance companies spread risk -Share risk with other insurance companies (for very large risk, several insurers subscribe to percentage of risk) -Reinsure the risk -deductible -spread risk over diverse geographical region (soften risk of localized disasters) -form risk pools (syndicates of insurance and reinsurance companies, organized to underwrite particular risk) Two principles of insurance 1. Premiums of t...

Operations Management design, execution, and control of operations that convert resources into desired goods and services, aligned with company's business strategy business function responsible for managing process to create goods and services Major Activities in Operations Management product development, managing purchases, inventory control, production operations, quality control, storage, and logistics Brainpower Read More Previous Play Next Rewind 10 seconds Move ...

C211 - Global Economics for Managers Final Exam - All Reading Questions and Answers 100% Pass Base of the pyramid (BOP) - Correct Answer ️️ -Economies where people make less than $2,000 per capita per year. BRICA - Correct Answer ️️ -Brazil, Russia, India, and China. Emerging economies - Correct Answer ️️ -term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets - Correct Answer ️️ -A term that is often used interchangeably with ...

WGU C211 Global Economics for Managers Course Exam (2024) || All Questions & Answers (Graded A+) WGU C211 Global Economics for Managers Course Exam (2024) || All Questions & Answers (Graded A+) A multinational enterprise (MNE) is: - ANSWER - a firm that engages in foreign direct investments. Purchasing power parity is - ANSWER - an adjustment made to the GDP to reflect differences in the cost of living. What is an important reason to study global business? - ANSWER - a. To gain compete...

BUAD 331 EXAM 1 QUESTIONS AND ANSWERS LATEST UPDATED 2024/2025 | 100% SOLVED. Supply Chain Management refers to: A. The comprehensive management of networks of suppliers B. The meaningful integration of service with customer fulfillment C. The collaboration between operations and suppliers D. The management of up and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole E. The procurement, movement, and storage...