WGU C211 GLOBAL ECONOMICS FOR
MANAGERS MOCK EXAM WITH ANSWER
RATIONALES 2026
◉ Purchasing Power Parity (PPP).
Answer: A conversion that determines the equivalent amount of
goods and services that different currencies can purchase.
◉ Scenario Planning.
Answer: A technique to prepare and plan for multiple scenarios
(either high or low risk).
◉ Risk management.
Answer: The identification and assessment of risks and the
preparation to minimize the impact of high-risk , unfortunate events.
◉ Gross National Income (GNI).
Answer: GDP + income from non-resident sources abroad. GNI is the
term used by the World Bank and other international organizations
to supersede the term GNP.
◉ Gross National Product (GNP).
,Answer: GDP + income from non-resident sources abroad.
◉ reverse innovation.
Answer: An innovation that is adopted first in emerging economies
and is then diffused around the world.
◉ International Business (IB).
Answer: (1) A business or firm that engages in international
crossborder economic activities and/or (2) the action of doing
business abroad.
◉ semiglobalization.
Answer: A perspective that suggests that barriers to market
integration at borders are high, but not high enough to insulate
countries from each other completely.
◉ BRIC.
Answer: Brazil, Russia, India, and China
◉ base of the pyramid (BOP).
Answer: Economies where people make less than $2,000 per capita
per year.
,◉ emerging economies.
Answer: A term that has gradually replaced the term "developing
countries" since the 1990's.
◉ emerging markets.
Answer: A term that is often used interchangeably with "emerging
economies"
◉ nongovernmental organizations (NGO's).
Answer: An organization that is not affiliated with governments.
◉ Expatriate Manager.
Answer: A manager who works "abroad", or "expat" for short.
◉ Gross Domestic Product (GDP).
Answer: The sum of value added by resident firms, households, and
governments
◉ Foreign Direct Investment (FDI).
Answer: Investment in, controlling, and managing value-added
activities in other countries.
◉ Group of 20 (G-20).
, Answer: The group of 19 major countries plus the European Union
(EU) whose leaders meet on a biannual basis to solve global
economic problems.
◉ liability of foreignness.
Answer: The inherent disadvantage that foreign firms experience in
host countries because of their non-native status.
◉ global business.
Answer: Business around the globe.
◉ international premium.
Answer: A significant pay raise when working overseas.
◉ multinational enterprise (MNE).
Answer: A firm that engages in foreign direct investment (FDI)
◉ Triad.
Answer: North America, Western Europe, and Japan
◉ Expatriate Manager (expat).
Answer: A manager who works abroad, or "expat" for short.
MANAGERS MOCK EXAM WITH ANSWER
RATIONALES 2026
◉ Purchasing Power Parity (PPP).
Answer: A conversion that determines the equivalent amount of
goods and services that different currencies can purchase.
◉ Scenario Planning.
Answer: A technique to prepare and plan for multiple scenarios
(either high or low risk).
◉ Risk management.
Answer: The identification and assessment of risks and the
preparation to minimize the impact of high-risk , unfortunate events.
◉ Gross National Income (GNI).
Answer: GDP + income from non-resident sources abroad. GNI is the
term used by the World Bank and other international organizations
to supersede the term GNP.
◉ Gross National Product (GNP).
,Answer: GDP + income from non-resident sources abroad.
◉ reverse innovation.
Answer: An innovation that is adopted first in emerging economies
and is then diffused around the world.
◉ International Business (IB).
Answer: (1) A business or firm that engages in international
crossborder economic activities and/or (2) the action of doing
business abroad.
◉ semiglobalization.
Answer: A perspective that suggests that barriers to market
integration at borders are high, but not high enough to insulate
countries from each other completely.
◉ BRIC.
Answer: Brazil, Russia, India, and China
◉ base of the pyramid (BOP).
Answer: Economies where people make less than $2,000 per capita
per year.
,◉ emerging economies.
Answer: A term that has gradually replaced the term "developing
countries" since the 1990's.
◉ emerging markets.
Answer: A term that is often used interchangeably with "emerging
economies"
◉ nongovernmental organizations (NGO's).
Answer: An organization that is not affiliated with governments.
◉ Expatriate Manager.
Answer: A manager who works "abroad", or "expat" for short.
◉ Gross Domestic Product (GDP).
Answer: The sum of value added by resident firms, households, and
governments
◉ Foreign Direct Investment (FDI).
Answer: Investment in, controlling, and managing value-added
activities in other countries.
◉ Group of 20 (G-20).
, Answer: The group of 19 major countries plus the European Union
(EU) whose leaders meet on a biannual basis to solve global
economic problems.
◉ liability of foreignness.
Answer: The inherent disadvantage that foreign firms experience in
host countries because of their non-native status.
◉ global business.
Answer: Business around the globe.
◉ international premium.
Answer: A significant pay raise when working overseas.
◉ multinational enterprise (MNE).
Answer: A firm that engages in foreign direct investment (FDI)
◉ Triad.
Answer: North America, Western Europe, and Japan
◉ Expatriate Manager (expat).
Answer: A manager who works abroad, or "expat" for short.
