WGU C211
WGU C211 Practice Tests Study Questions with
Verified Answers 2025
A multinational enterprise (MNE) is: -Correct Answer ✔a firm that engages in foreign
direct investments.
Purchasing power parity is -Correct Answer ✔an adjustment made to the GDP to reflect
differences in the cost of living.
What is an important reason to study global business? -Correct Answer ✔a. To gain
competence in interacting with foreign suppliers, customers, and partners.
b. All of these
c. To prepare for an expatriate assignment.
d. To advance your career in a global economy.
The Group of 20 (G-20) is: -Correct Answer ✔group of 19 countries plus the European
Union whose leaders meet to solve global economic problems.
The liability of foreignness is: -Correct Answer ✔the inherent disadvantage that foreign
firms experience in host countries because of their non-native status.
The fundamental question in global business is: -Correct Answer ✔What determines the
success and failure of firms around the globe?
Globalization can be viewed as: -Correct Answer ✔b. a new force sweeping through the
world in recent times.
c. a pendulum that swings from one extreme to another from time to time.
d. a long-run historical evolution since the dawn of human history.
Semiglobalization suggests: -Correct Answer ✔that there are barriers to market
integration at borders which are high but not high enough to insulate countries from
each other completely.
BRIC is an acronym for the emerging economies of: -Correct Answer ✔Brazil, Russia,
India, and China.
The size of the global economy at the beginning of the 21st century (measured by total
GDP) is approximately: -Correct Answer ✔$60 trillion.
What is the difference between the traditional definition of International Business and
this text's definition of global business? -Correct Answer ✔In many cases, international
business refers to domestic firms expanding into international (cross-border) economic
WGU C211
, WGU C211
activities; here, global business also includes domestic firms' strategies for competing
against foreign firms entering their home territory.
Choose the set of countries that are all emerging economies -Correct Answer ✔India,
China, Thailand, Malaysia
If you were an entrepreneur designing a new product targeted at people earning a per
capita annual income around $5,000, you would find your customers: -Correct Answer
✔in the second tier of the global economic pyramid.
What are some possible benefits to studying global business? -Correct Answer ✔You
will be more competent to interact with foreign suppliers and partners on behalf of the
company you work for.
b. All of these reasons.
c. Your depth of understanding of the global economy will make you more employable.
d. If you go to work for a multinational, you will be better prepared for expatriate
assignments abroad.
What is the definition of an institution-based view of global business? -Correct Answer
✔An institution-based view suggests that the success and failure of firms are enabled
and constrained by institutions, also known as the rules of the game, such as
regulations, laws, cultures, ethics, and norms.
From an institution-based view, a government's legal requirement for a business to pay
taxes would be an example of: -Correct Answer ✔the influence of a formal institution.
What is the definition of a resource-based view of global business? -Correct Answer
✔The resource-based view focuses on a firm's internal resources and capabilities.
Which are the three views of globalization? -Correct Answer ✔A recent force, a long-
running evolution, and a pendulum
Imagine your manufacturing plant gets most of its raw materials from suppliers along
the Gulf Coast of the United States. However, you have alternate suppliers from other
parts of the country lined up, just in case the Gulf Coast is hit with a devastating
hurricane or other debilitating disaster and your suppliers there can't deliver the raw
goods. You have engaged in: -Correct Answer ✔scenario planning.
A group of activists, known for their objection to globalization, is picketing the
headquarters of a very large, international coffee distributor and retail operation. The
activists believe this large firm does not pay fair prices to coffee growers in South
America, Africa, and other developing regions. In general, they are picketing because
of: -Correct Answer ✔a. the location of the firm in one of the largest and most affluent
countries in the world.
b. the extremely large size of the firm.
WGU C211
WGU C211 Practice Tests Study Questions with
Verified Answers 2025
A multinational enterprise (MNE) is: -Correct Answer ✔a firm that engages in foreign
direct investments.
Purchasing power parity is -Correct Answer ✔an adjustment made to the GDP to reflect
differences in the cost of living.
What is an important reason to study global business? -Correct Answer ✔a. To gain
competence in interacting with foreign suppliers, customers, and partners.
b. All of these
c. To prepare for an expatriate assignment.
d. To advance your career in a global economy.
The Group of 20 (G-20) is: -Correct Answer ✔group of 19 countries plus the European
Union whose leaders meet to solve global economic problems.
The liability of foreignness is: -Correct Answer ✔the inherent disadvantage that foreign
firms experience in host countries because of their non-native status.
The fundamental question in global business is: -Correct Answer ✔What determines the
success and failure of firms around the globe?
Globalization can be viewed as: -Correct Answer ✔b. a new force sweeping through the
world in recent times.
c. a pendulum that swings from one extreme to another from time to time.
d. a long-run historical evolution since the dawn of human history.
Semiglobalization suggests: -Correct Answer ✔that there are barriers to market
integration at borders which are high but not high enough to insulate countries from
each other completely.
BRIC is an acronym for the emerging economies of: -Correct Answer ✔Brazil, Russia,
India, and China.
The size of the global economy at the beginning of the 21st century (measured by total
GDP) is approximately: -Correct Answer ✔$60 trillion.
What is the difference between the traditional definition of International Business and
this text's definition of global business? -Correct Answer ✔In many cases, international
business refers to domestic firms expanding into international (cross-border) economic
WGU C211
, WGU C211
activities; here, global business also includes domestic firms' strategies for competing
against foreign firms entering their home territory.
Choose the set of countries that are all emerging economies -Correct Answer ✔India,
China, Thailand, Malaysia
If you were an entrepreneur designing a new product targeted at people earning a per
capita annual income around $5,000, you would find your customers: -Correct Answer
✔in the second tier of the global economic pyramid.
What are some possible benefits to studying global business? -Correct Answer ✔You
will be more competent to interact with foreign suppliers and partners on behalf of the
company you work for.
b. All of these reasons.
c. Your depth of understanding of the global economy will make you more employable.
d. If you go to work for a multinational, you will be better prepared for expatriate
assignments abroad.
What is the definition of an institution-based view of global business? -Correct Answer
✔An institution-based view suggests that the success and failure of firms are enabled
and constrained by institutions, also known as the rules of the game, such as
regulations, laws, cultures, ethics, and norms.
From an institution-based view, a government's legal requirement for a business to pay
taxes would be an example of: -Correct Answer ✔the influence of a formal institution.
What is the definition of a resource-based view of global business? -Correct Answer
✔The resource-based view focuses on a firm's internal resources and capabilities.
Which are the three views of globalization? -Correct Answer ✔A recent force, a long-
running evolution, and a pendulum
Imagine your manufacturing plant gets most of its raw materials from suppliers along
the Gulf Coast of the United States. However, you have alternate suppliers from other
parts of the country lined up, just in case the Gulf Coast is hit with a devastating
hurricane or other debilitating disaster and your suppliers there can't deliver the raw
goods. You have engaged in: -Correct Answer ✔scenario planning.
A group of activists, known for their objection to globalization, is picketing the
headquarters of a very large, international coffee distributor and retail operation. The
activists believe this large firm does not pay fair prices to coffee growers in South
America, Africa, and other developing regions. In general, they are picketing because
of: -Correct Answer ✔a. the location of the firm in one of the largest and most affluent
countries in the world.
b. the extremely large size of the firm.
WGU C211
