FVC1 Global Business V2 Pre-Assessment, WGU Global Business FVC1 V2 and D080 Module 1-4 QUESTIONS WITH COMPLETE SOLUTIONS

Which negative outcome on political systems comes from globalization? correct answer: Creation of isolationist policies Which factor results in a higher rate of globalization? correct answer: Reduced trade barriers What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? correct answer: Loss of manufacturing jobs In which political system do individuals control all political activity, which eliminates the government creating any laws to help businesses with their globalization efforts? correct answer: Anarchy A country has a characteristic traditional economic system with poor infrastructure and limited economic opportunity. What is the impact of this system on the process of globalization? correct answer: The globalization process is at a disadvantage as the country has a lower standard of living. A company headquartered in the United States is considering expanding its activities into a different country that follows the same legal system as most states in the United States. Which country is suited for this expansion? correct answer: Australia Which impact does Islamic law directly have on businesses? correct answer: It forbids charging interest. Which institution helps to maintain liquidity of global funding? correct answer: International Monetary Fund Which structural adjustment of the International Monetary Fund gives to citizen owners businesses that were previously owned by the state? correct answer: Privatization What is the current focus of the World Bank? correct