GLOBAL BUSINESS FVC1 STUDY GUIDE – WGU QUESTIONS WITH COMPLETE SOLUTIONS

What are the characteristics of globalization? correct answer: 1. improve productivity 2. improve quality of work life 3. ensure legal compliance 4. ensure ethical behavior How do major international institutions facilitate globalization? correct answer: (1) improve productivity - organization and design (2) Work-Life - more autonomy and a chance to make a greater contribution to the organization (3) Legal - By ensuring the company is compliant with the law (4) Ethical Behavior - often the "conscience" of the organization; models and trains Why is it important for political leaders and institutions to be transparent in responding to global competition? correct answer: (1) Increased competition (2) The costs and benefits associated with HR utilization (3) Productivity changes (resulting from changes in technology, capital investment, the recession, capital utilization, outsourcing, and government policies) (4) The increasing pace and complexity of social, cultural, legal, demographic, and educational changes (5) The symptoms of dysfunction in the workplace (6)Societal trends of the 21st century What are key policy measures that make globalization sustainable? correct answer: (1) culture: Shaped by top management values (2) technology: refers to the firm's equipment and knowledge (3) organizational structure (4) organizational size (5) economy (6) International competition What are ways that technology bridges the global digital divide? correct answer: (1) Culture is often reflected in the company's HR policies and practices. (2) Technology - the way jobs are designed and the type of employees that are hired and trained (3) Organizational Structure -becoming flatter; reducing