Wgu C211 Study Guide Questions

WGU C211 STUDY GUIDE QUESTIONS


Viewsuiofuiglobalizationui(Chpui1.4)ui-uians--
1.uiIt'suiauinewuiphenomenom,uistartinguiinuitheuilateui20thuicentury.
2.uiIt'suiauilonguitermuipartuiofuihumanuihistory.
3.uiNeitheruirecentuinoruioneuidirectional,uiit'suiauipendulumuithatuiswingsuibackuianduifort
h.

Strategicuigoalui=uiNaturaluiresource—seekingui-uians--
Locationuispecificuiadvantageui=uiPossessionuiofuinaturaluiresourcesuianduirelateduitrans
portuianduicommunicationuiinfrastructure

Strategicuigoalui=uiMarket-seekingui-uians--
Locationuispecificuiadvantageui=uiAbundanceuiofuistronguimarketuidemanduianduicustom
ersuiwillinguitouipay

Strategicuigoalui=uiEfficiency-seekingui-uians--
Locationuispecificuiadvantageui=uiEconomiesuiofuiscaleuianduiabundanceuiofuilow-
costuifactors

Strategicuigoalui=uiInnovation-seekingui-uians--
Locationuispecificuiadvantageui=uiAbundanceuiofuiinnovativeuiindividuals,uifirms,uianduiun
iversities

Nameuifirstuimoveruiadvantages:ui(Chpui10.3)ui-uians--
1.uiProprietary,uitechnologicaluileadership
2.uiPre-emptionuiofuiscarceuiresources
3.uiEstablishmentuiofuientryuibarriersuiforuilateuientrants
4.uiAvoidanceuiofuiclashuiwithuidominantuifirmsuiatuihome
5.uiRelationshipsuiwithuikeyuistakeholdersuisuchuiasuigovernments

Nameuilateuimoveruiadvantages:ui(Chpui10.3)ui-uians--
1.uiOpportunityuitouifreeuirideuionuifirst-moveruiinvestments
2.uiResolutionuiofuitechnologicaluianduimarketuiuncertainty
3.uiFirstuimover'suidifficultyuitouiadaptuitouimarketuichanges

Nameuistrategicuigoalsuisupporteduibyuilocationuispecificuiadvantagesui(Chpui10.2)ui-
uians--1.uiNaturaluiresources
2.uiMarket
3.uiEfficiency
4.uiInnovation

, Propositionui(1)uiunderpinninguianuiinstitutionuibaseduiviewuiofuiglobaluibusiness.ui-uians--
Managersuianduifirmsuirationallyuipursueuitheiruiinterestsuianduimakeuichoicesuiwithinuithe
uiformaluianduiinformaluiconstraintsuiinuiauigivenuiinstitutionaluiframework


Propositionui(2)uiunderpinninguianuiinstitutionuibaseduiviewuiofuiglobaluibusiness.ui-uians--
Whileuiformaluianduiinformaluiinstitutionsuicombineuitouigovernuifirmuibehavior,uiinuisituati
onsuiwhereuiformaluiconstraintsuiareuiunclearuioruifail,uiinformaluiconstraintsuiwilluiplayuiaui
largeruiroleuiinuireducinguiuncertaintyuianduiprovidinguiconstancyuitouimanagersuianduifir
ms

Marketuieconomyui-uians--
Anuieconomyuithatuiisuicharacterizeduibyuitheui"invisibleuihand"uiofuimarketuiforces.

Commanduieconomyui-uians--
Anuieconomyuithatuiisuicharacterizeduibyuigovernmentuiownershipuianduicontroluiofuifacto
rsuiofuiproduction.

Mixeduieconomyui-uians--
Anuieconomyuithatuihasuielementsuiofuibothuiauimarketuieconomyuianduiauicommanduieco
nomy.

Propertyuirightsui-uians--
Theuilegaluirightsuitouiuseuianuieconomicuipropertyui(resource)uianduitouideriveuiincomeuia
nduibenefitsuifromuiit.

Purposeuiofuipropertyuirightsui-uians--
Theuiformaluiprotectionuiofuipropertyuirightsuihelpsuitouifacilitateuieconomicuigrowth.

CiviluiLawui-uians--
Auilegaluitraditionuithatuiusesuicomprehensiveuistatutesuianduicodesuiasuiauiprimaryuimea
nsuitouiformuilegaluijudgments.

CommonuiLawui-uians--
Auilegaluitraditionuithatuiisuishapeduibyuiprecedentsuianduitraditionsuifromuipreviousuijudici
aluidecisions.

TheocraticuiLawui-uians--Auilegaluisystemuibaseduionuireligiousuiteachings.

Democracyui-uians--Rightuitouifreedomuiofuiexpressionuianduiorganization.

Totalitarianismui-uians--Oneuipersonuioruipartyuiexercisesuiabsoluteuicontrol.

Howuidouiinstitutionsuireduceuiuncertainty?ui(Chpui2-2)ui-uians--
Byuisignalinguiwhichuiconductuiisuilegitimateuianduiwhichuiisuinotuitheyuiconstrainuitheuiran
geuiofuiacceptableuiactions.