WGU C211 PRE-ASSESSMENT | 50
QUESTIONS WITH 100% CORRECT
ANSWERS | VERIFIED | LATEST UPDATE OF
2025
Which view claims that the phenomenon of globalization was initially
driven by the desire of Western economies to exploit their power
through multinational enterprise? - ANSWER-The new-force view
Economic gains come from international trade because one country's
exported goods, services, or other items are unique, valuable, and
difficult to duplicate to the importing countries. Which view does this
statement portray? - ANSWER-Resource-based view
What is the aggregation of importing and exporting that leads to the
country-level trade surplus or deficit? - ANSWER-Balance of trade
What is a cost of foreign direct investment? - ANSWER-Developing
countries may be exploited by multinational enterprises (MNE).
What may precious, rare, and hard-to-duplicate resources and
capabilities lead to for a firm? - ANSWER-Sustained comparative
advantage
Which theory states that patterns of international trade change across
new, maturing, and standardized states? - ANSWER-Product life cycle
theory
What is the financial environment in which exchange rates and
payments for goods and services are conducted? - ANSWER-
International monetary system
What happens to a country's real exchange rate and nominal interest
rate as the price level increases, assuming all other factors are
unchanged? - ANSWER-Exchange rates depreciate; interest rates
increase
, What is the easiest method nonfinancial companies use to handle
currency fluctuations? - ANSWER-Currency diversification
Which strategy minimizes the risk of unanticipated changes in future
exchange rates? - ANSWER-Currency swap
A company is looking for a location with an abundance of ground-
breaking individuals, firms, and universities. Which type of strategic goal
is this company demonstrating? - ANSWER-Innovation-seeking
What advantage comes with not sharing benefits with late entrants? -
ANSWER-First-mover advantage
Which entry mode is a non-equity arrangement for a company entry into
a foreign market? - ANSWER-Licensing
What size commitment is required for a non-equity mode of entry into a
foreign market? - ANSWER-Small commitment
What are two supportive pillars for an informal institution? - ANSWER-
Cognitive, Normative
What is the key role of an institution, according to the institution-based
view? - ANSWER-To reduce uncertainty
What are the rules, enforcement mechanisms, and organizations that
support market transactions? - ANSWER-Institutions
What is a core proposition underpinning an institutional-based view of
global business? - ANSWER-Bounded rationality
In which type of political system do citizens elect representatives to
govern the country on their behalf? - ANSWER-Democracy
Which legal system uses comprehensive lists of rules and written codes?
- ANSWER-Civil law
QUESTIONS WITH 100% CORRECT
ANSWERS | VERIFIED | LATEST UPDATE OF
2025
Which view claims that the phenomenon of globalization was initially
driven by the desire of Western economies to exploit their power
through multinational enterprise? - ANSWER-The new-force view
Economic gains come from international trade because one country's
exported goods, services, or other items are unique, valuable, and
difficult to duplicate to the importing countries. Which view does this
statement portray? - ANSWER-Resource-based view
What is the aggregation of importing and exporting that leads to the
country-level trade surplus or deficit? - ANSWER-Balance of trade
What is a cost of foreign direct investment? - ANSWER-Developing
countries may be exploited by multinational enterprises (MNE).
What may precious, rare, and hard-to-duplicate resources and
capabilities lead to for a firm? - ANSWER-Sustained comparative
advantage
Which theory states that patterns of international trade change across
new, maturing, and standardized states? - ANSWER-Product life cycle
theory
What is the financial environment in which exchange rates and
payments for goods and services are conducted? - ANSWER-
International monetary system
What happens to a country's real exchange rate and nominal interest
rate as the price level increases, assuming all other factors are
unchanged? - ANSWER-Exchange rates depreciate; interest rates
increase
, What is the easiest method nonfinancial companies use to handle
currency fluctuations? - ANSWER-Currency diversification
Which strategy minimizes the risk of unanticipated changes in future
exchange rates? - ANSWER-Currency swap
A company is looking for a location with an abundance of ground-
breaking individuals, firms, and universities. Which type of strategic goal
is this company demonstrating? - ANSWER-Innovation-seeking
What advantage comes with not sharing benefits with late entrants? -
ANSWER-First-mover advantage
Which entry mode is a non-equity arrangement for a company entry into
a foreign market? - ANSWER-Licensing
What size commitment is required for a non-equity mode of entry into a
foreign market? - ANSWER-Small commitment
What are two supportive pillars for an informal institution? - ANSWER-
Cognitive, Normative
What is the key role of an institution, according to the institution-based
view? - ANSWER-To reduce uncertainty
What are the rules, enforcement mechanisms, and organizations that
support market transactions? - ANSWER-Institutions
What is a core proposition underpinning an institutional-based view of
global business? - ANSWER-Bounded rationality
In which type of political system do citizens elect representatives to
govern the country on their behalf? - ANSWER-Democracy
Which legal system uses comprehensive lists of rules and written codes?
- ANSWER-Civil law
