WGU D080 EXAM COMPREHENSIVE REVIEW
2026
◉ absolute advantage. Answer: The ability of an individual or group
to produce a good or service more efficiently than another
◉ absolute quota. Answer: Quota that strictly limits the quantity of
goods that may enter a country
◉ acquisition. Answer: The act of taking over ownership or
controlling a business
◉ Ad valorem tariffs. Answer: Import taxes based on a fixed
percentage of the assessed commercial value of imported goods
◉ agility. Answer: Ability to move quickly and flexibly
◉ algorithms. Answer: A process or set of rules to be followed in
calculations especially by a computer
◉ antimonopoly laws. Answer: See antitrust laws.
,◉ antitrust laws. Answer: Consumer protection policy used to limit
unfair business practices related to competition and control of
prices
◉ Apple Inc. vs. Pepper. Answer: Antitrust court case in which a
group of iPhone users have accused Apple of monopolistic practices
via the App store
◉ artificial intelligence (AI). Answer: Any type of computer that
engages in humanlike activities
◉ asset seizure. Answer: An act of confiscating or taking control of
private assets such as funds or property by a government
◉ assets. Answer: A useful or valuable thing; something you own
such as building, inventory, or cash
◉ autarky. Answer: A political or economic system that becomes
self-sufficient to survive
◉ balance of payments. Answer: The difference in total value
between payments into and out of the country over a period of time
,◉ barriers to entry. Answer: The obstacles that make it difficult for a
new company to enter a given market. These barriers may include
technology challenges, high start-up costs, or government
regulations
◉ blood diamonds. Answer: Diamonds mined in war zones and sold
in order to finance war efforts
◉ brand. Answer: A type of product made by a particular company
under a particular name
◉ Bribery. Answer: Cash payment or other bonus that benefits an
individual but provides little advantage to the company
◉ broadband. Answer: Any type of high-speed wired or wireless
communication
◉ Business ethics. Answer: The contemporary standards or sets of
values that govern the actions and behavior of individuals in the
business organization and the actions of the business itself
◉ capital. Answer: Financial assets such as funds but also
equipment, facilities, and other means of production
, ◉ centralization. Answer: The degree to which decision-making
authority is concentrated at higher levels in an organization and
business functions controlled in a central location
◉ centralized companies. Answer: Companies with structures that
limit decision-making to higher levels in the organizational
hierarchy
◉ chief information officer. Answer: An executive with responsibility
for managing all information resources in an organization
◉ collateral. Answer: Something pledged as security for repayment
of a loan to be forfeited in the event of a default
◉ collective environment. Answer: Understanding that the
environment not only belongs to everyone to enjoy but is also
everyone's shared responsibility
◉ collectivist. Answer: Focused on the good of the group or society
over the individual
◉ colonialism. Answer: The policy or practice of acquiring full or
partial political control over another country to exploit it
economically
2026
◉ absolute advantage. Answer: The ability of an individual or group
to produce a good or service more efficiently than another
◉ absolute quota. Answer: Quota that strictly limits the quantity of
goods that may enter a country
◉ acquisition. Answer: The act of taking over ownership or
controlling a business
◉ Ad valorem tariffs. Answer: Import taxes based on a fixed
percentage of the assessed commercial value of imported goods
◉ agility. Answer: Ability to move quickly and flexibly
◉ algorithms. Answer: A process or set of rules to be followed in
calculations especially by a computer
◉ antimonopoly laws. Answer: See antitrust laws.
,◉ antitrust laws. Answer: Consumer protection policy used to limit
unfair business practices related to competition and control of
prices
◉ Apple Inc. vs. Pepper. Answer: Antitrust court case in which a
group of iPhone users have accused Apple of monopolistic practices
via the App store
◉ artificial intelligence (AI). Answer: Any type of computer that
engages in humanlike activities
◉ asset seizure. Answer: An act of confiscating or taking control of
private assets such as funds or property by a government
◉ assets. Answer: A useful or valuable thing; something you own
such as building, inventory, or cash
◉ autarky. Answer: A political or economic system that becomes
self-sufficient to survive
◉ balance of payments. Answer: The difference in total value
between payments into and out of the country over a period of time
,◉ barriers to entry. Answer: The obstacles that make it difficult for a
new company to enter a given market. These barriers may include
technology challenges, high start-up costs, or government
regulations
◉ blood diamonds. Answer: Diamonds mined in war zones and sold
in order to finance war efforts
◉ brand. Answer: A type of product made by a particular company
under a particular name
◉ Bribery. Answer: Cash payment or other bonus that benefits an
individual but provides little advantage to the company
◉ broadband. Answer: Any type of high-speed wired or wireless
communication
◉ Business ethics. Answer: The contemporary standards or sets of
values that govern the actions and behavior of individuals in the
business organization and the actions of the business itself
◉ capital. Answer: Financial assets such as funds but also
equipment, facilities, and other means of production
, ◉ centralization. Answer: The degree to which decision-making
authority is concentrated at higher levels in an organization and
business functions controlled in a central location
◉ centralized companies. Answer: Companies with structures that
limit decision-making to higher levels in the organizational
hierarchy
◉ chief information officer. Answer: An executive with responsibility
for managing all information resources in an organization
◉ collateral. Answer: Something pledged as security for repayment
of a loan to be forfeited in the event of a default
◉ collective environment. Answer: Understanding that the
environment not only belongs to everyone to enjoy but is also
everyone's shared responsibility
◉ collectivist. Answer: Focused on the good of the group or society
over the individual
◉ colonialism. Answer: The policy or practice of acquiring full or
partial political control over another country to exploit it
economically
