WGU D080 MANAGING IN A GLOBAL
BUSINESS ENVIRONMENT EXAM SCRIPT
VERIFIED QUESTIONS WITH ACCURATE
ANSWERS
●● 4 fundamental aspects of globalization
Answer: -trade and transactions
-capital and investment movements
-migration and movement of people
-dissemination of knowledge
●● outsource
Answer: to obtain goods or services from an outside or foreign supplier
●● cultural globalization
Answer: the transmission of ideas, meanings, and values around the
world in a way that extends/intensifies social relations
●● 3 major areas of globalization
Answer: -economic
-cultural
-political
,●● economic globalization
Answer: the widespread, International movement of goods, capital,
services, technology, and info
●● NGOs (non-governmental organizations)
Answer: not for profit organizations that are independent of the
government and are active in humanitarian causes
●● 5 stages of going global
Answer: 1. Market entry
2. Product specialization
3. Value chain disaggregation
4. Value chain reengineering
5. Creation of new markets
●● foreign direct investment
Answer: when a firm invests assets directly into a foreign country's
buildings, equipment, or organizations
●● opportunities for scale
Answer: cost advantages due to an increase in the amount of output and
a decrease in the cost per unit
,●● 4 industry globalization drivers
Answer: -market
-cost
-competition
-government
●● CAGE analysis
Answer: cultural, administrative, geographic, economic
●● free trade zone
Answer: a geographic region that a country has opted to reduce barriers
to trade with
●● subsidies
Answer: when a government gives a tax break to a producer to increase
their global competitiveness
●● types of economy
Answer: -industrialized
-less developed
-developing
, ●● planned economy
Answer: government controls factors of production
●● free market
Answer: individuals own factors of production
●● traditional economy
Answer: An economy in which production is based on customs and
traditions and economic roles are typically passed down from one
generation to the next
●● command economy
Answer: economic effort is devoted to goals passes down from a ruler or
a ruling class
●● market economy
Answer: leaders make decisions based on consumer demands
●● underground economies
Answer: economic transactions that are deemed illegal
●● socialism
BUSINESS ENVIRONMENT EXAM SCRIPT
VERIFIED QUESTIONS WITH ACCURATE
ANSWERS
●● 4 fundamental aspects of globalization
Answer: -trade and transactions
-capital and investment movements
-migration and movement of people
-dissemination of knowledge
●● outsource
Answer: to obtain goods or services from an outside or foreign supplier
●● cultural globalization
Answer: the transmission of ideas, meanings, and values around the
world in a way that extends/intensifies social relations
●● 3 major areas of globalization
Answer: -economic
-cultural
-political
,●● economic globalization
Answer: the widespread, International movement of goods, capital,
services, technology, and info
●● NGOs (non-governmental organizations)
Answer: not for profit organizations that are independent of the
government and are active in humanitarian causes
●● 5 stages of going global
Answer: 1. Market entry
2. Product specialization
3. Value chain disaggregation
4. Value chain reengineering
5. Creation of new markets
●● foreign direct investment
Answer: when a firm invests assets directly into a foreign country's
buildings, equipment, or organizations
●● opportunities for scale
Answer: cost advantages due to an increase in the amount of output and
a decrease in the cost per unit
,●● 4 industry globalization drivers
Answer: -market
-cost
-competition
-government
●● CAGE analysis
Answer: cultural, administrative, geographic, economic
●● free trade zone
Answer: a geographic region that a country has opted to reduce barriers
to trade with
●● subsidies
Answer: when a government gives a tax break to a producer to increase
their global competitiveness
●● types of economy
Answer: -industrialized
-less developed
-developing
, ●● planned economy
Answer: government controls factors of production
●● free market
Answer: individuals own factors of production
●● traditional economy
Answer: An economy in which production is based on customs and
traditions and economic roles are typically passed down from one
generation to the next
●● command economy
Answer: economic effort is devoted to goals passes down from a ruler or
a ruling class
●● market economy
Answer: leaders make decisions based on consumer demands
●● underground economies
Answer: economic transactions that are deemed illegal
●● socialism
