C211 (Global Economics for Managers) PRE-
ASSESSMENT QUESTIONS AND ANSWERS
WESTERN GOVERNORS’ UNIVERSITY
, WGU Knowledge Center
PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS
(UZC2) (PUZC)
Attempt #1
Status: Passed
1. One view of globalization claims that human civilization has always had some type of globalization. Which
view is it?
YOUR CORRECT
ANSWER ANSWER
The long-run historical view
The pendulum view
The business-over-culture view
The unique-role view
2. The benefit attributed to firms that enter a market before other firms in the same market segment is best
described by which term?
YOUR CORRECT
ANSWER ANSWER
First-mover advantage
Trade advantage
Absolute advantage
Scale advantage
3. What is opportunity cost?
YOUR CORRECT
ANSWER ANSWER
The lost potential from pursuing one activity at the expense of another
activity, given the alternatives
The extent to which different countries possess various factors of
production such as labor, land, and technology
A government payment to a domestic firm
A net loss that occurs in an economy as a result of tariffs
1/16
, 4. What are costs to home countries of foreign direct investment? Choose two.
YOUR CORRECT
ANSWER ANSWER
Capital outhow
Job loss
Reduced standard of living
Loss of intellectual property
Loss of sovereignty
Cultural disintegration
5. Which strategy for responding to MNEs is appropriate in a situation in which there is low industry pressure to
globalize, and competitive assets are customized to home markets?
YOUR CORRECT
ANSWER ANSWER
Defender strategy
Contender strategy
Responder strategy
Retainer strategy
6. What is one of the factors that is used to predict the rivalry between a pair of competitors?
YOUR CORRECT
ANSWER ANSWER
Resource similarity
Imitative behavior
Cost structure
Organizational structure
7. What is one of the elements of the Porter Diamond in the theory of national competitive advantage of
industries?
YOUR CORRECT
ANSWER ANSWER
Domestic demand conditions
2/16
ASSESSMENT QUESTIONS AND ANSWERS
WESTERN GOVERNORS’ UNIVERSITY
, WGU Knowledge Center
PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS
(UZC2) (PUZC)
Attempt #1
Status: Passed
1. One view of globalization claims that human civilization has always had some type of globalization. Which
view is it?
YOUR CORRECT
ANSWER ANSWER
The long-run historical view
The pendulum view
The business-over-culture view
The unique-role view
2. The benefit attributed to firms that enter a market before other firms in the same market segment is best
described by which term?
YOUR CORRECT
ANSWER ANSWER
First-mover advantage
Trade advantage
Absolute advantage
Scale advantage
3. What is opportunity cost?
YOUR CORRECT
ANSWER ANSWER
The lost potential from pursuing one activity at the expense of another
activity, given the alternatives
The extent to which different countries possess various factors of
production such as labor, land, and technology
A government payment to a domestic firm
A net loss that occurs in an economy as a result of tariffs
1/16
, 4. What are costs to home countries of foreign direct investment? Choose two.
YOUR CORRECT
ANSWER ANSWER
Capital outhow
Job loss
Reduced standard of living
Loss of intellectual property
Loss of sovereignty
Cultural disintegration
5. Which strategy for responding to MNEs is appropriate in a situation in which there is low industry pressure to
globalize, and competitive assets are customized to home markets?
YOUR CORRECT
ANSWER ANSWER
Defender strategy
Contender strategy
Responder strategy
Retainer strategy
6. What is one of the factors that is used to predict the rivalry between a pair of competitors?
YOUR CORRECT
ANSWER ANSWER
Resource similarity
Imitative behavior
Cost structure
Organizational structure
7. What is one of the elements of the Porter Diamond in the theory of national competitive advantage of
industries?
YOUR CORRECT
ANSWER ANSWER
Domestic demand conditions
2/16