WGU D080 Managing in a Global Business
Environment Exam 240 Questions with Verified
Answers
worldwide interconnections in virtually every sphere of activity including the
spread of products, technology, info, and job opportunities - CORRECT ANSWER
globalization
-trade and transactions
-capital and investment movements
-migration and movement of people
-dissemination of knowledge - CORRECT ANSWER 4 fundamental aspects of
globalization
to obtain goods or services from an outside or foreign supplier - CORRECT
ANSWER outsource
the transmission of ideas, meanings, and values around the world in a way that
extends/intensifies social relations - CORRECT ANSWER cultural globalization
-economic
-cultural
-political - CORRECT ANSWER 3 major areas of globalization
,the widespread, international movement of goods, capital, services, technology,
and info - CORRECT ANSWER economic globalization
not for profit organizations that are independent of the government and are
active in humanitarian causes - CORRECT ANSWER NGOs (non-governmental
organizations)
1. Market entry
2. Product specialization
3. Value chain disaggregation
4. Value chain reengineering
5. Creation of new markets - CORRECT ANSWER 5 stages of going global
when a firm invests assets directly into a foreign country's buildings, equipment,
or organizations - CORRECT ANSWER foreign direct investment
cost advantages due to an increase in the amount of output and a decrease in the
cost per unit - CORRECT ANSWER opportunities for scale
-market
-cost
-competition
-government - CORRECT ANSWER 4 industry globalization drivers
cultural, administrative, geographic, economic - CORRECT ANSWER CAGE analysis
,a geographic region that a country has opted to reduce barriers to trade with -
CORRECT ANSWER free trade zone
when a government gives a tax break to a producer to increase their global
competitiveness - CORRECT ANSWER subsidies
-industrialized
-less developed
-developing - CORRECT ANSWER types of economy
government controls factors of production - CORRECT ANSWER planned economy
individuals own factors of production - CORRECT ANSWER free market
An economy in which production is based on customs and traditions and
economic roles are typically passed down from one generation to the next -
CORRECT ANSWER traditional economy
economic effort is devoted to goals passes down from a ruler or a ruling class -
CORRECT ANSWER command economy
leaders make decisions based on consumer demands - CORRECT ANSWER market
economy
, economic transactions that are deemed illegal - CORRECT ANSWER underground
economies
a system in which the government controls the means of production and regulates
global trade - CORRECT ANSWER socialism
a system in which the means of production is controlled by private owners who
can choose to participate in global trade - CORRECT ANSWER capitalism
a system in which all property is publicly owned and the government controls
global trade - CORRECT ANSWER communism
-common
-civil
-religious - CORRECT ANSWER 3 kinds of legal systems
the international type of monetary reserve currency created by the IMF -
CORRECT ANSWER special drawing rights
IMF and World Bank - CORRECT ANSWER Bretton Woods Institutions
one of the easiest economic theories, which stated that a country's wealth was
determined by the amount of gold and silver they had in their possession -
CORRECT ANSWER mercantilism
Environment Exam 240 Questions with Verified
Answers
worldwide interconnections in virtually every sphere of activity including the
spread of products, technology, info, and job opportunities - CORRECT ANSWER
globalization
-trade and transactions
-capital and investment movements
-migration and movement of people
-dissemination of knowledge - CORRECT ANSWER 4 fundamental aspects of
globalization
to obtain goods or services from an outside or foreign supplier - CORRECT
ANSWER outsource
the transmission of ideas, meanings, and values around the world in a way that
extends/intensifies social relations - CORRECT ANSWER cultural globalization
-economic
-cultural
-political - CORRECT ANSWER 3 major areas of globalization
,the widespread, international movement of goods, capital, services, technology,
and info - CORRECT ANSWER economic globalization
not for profit organizations that are independent of the government and are
active in humanitarian causes - CORRECT ANSWER NGOs (non-governmental
organizations)
1. Market entry
2. Product specialization
3. Value chain disaggregation
4. Value chain reengineering
5. Creation of new markets - CORRECT ANSWER 5 stages of going global
when a firm invests assets directly into a foreign country's buildings, equipment,
or organizations - CORRECT ANSWER foreign direct investment
cost advantages due to an increase in the amount of output and a decrease in the
cost per unit - CORRECT ANSWER opportunities for scale
-market
-cost
-competition
-government - CORRECT ANSWER 4 industry globalization drivers
cultural, administrative, geographic, economic - CORRECT ANSWER CAGE analysis
,a geographic region that a country has opted to reduce barriers to trade with -
CORRECT ANSWER free trade zone
when a government gives a tax break to a producer to increase their global
competitiveness - CORRECT ANSWER subsidies
-industrialized
-less developed
-developing - CORRECT ANSWER types of economy
government controls factors of production - CORRECT ANSWER planned economy
individuals own factors of production - CORRECT ANSWER free market
An economy in which production is based on customs and traditions and
economic roles are typically passed down from one generation to the next -
CORRECT ANSWER traditional economy
economic effort is devoted to goals passes down from a ruler or a ruling class -
CORRECT ANSWER command economy
leaders make decisions based on consumer demands - CORRECT ANSWER market
economy
, economic transactions that are deemed illegal - CORRECT ANSWER underground
economies
a system in which the government controls the means of production and regulates
global trade - CORRECT ANSWER socialism
a system in which the means of production is controlled by private owners who
can choose to participate in global trade - CORRECT ANSWER capitalism
a system in which all property is publicly owned and the government controls
global trade - CORRECT ANSWER communism
-common
-civil
-religious - CORRECT ANSWER 3 kinds of legal systems
the international type of monetary reserve currency created by the IMF -
CORRECT ANSWER special drawing rights
IMF and World Bank - CORRECT ANSWER Bretton Woods Institutions
one of the easiest economic theories, which stated that a country's wealth was
determined by the amount of gold and silver they had in their possession -
CORRECT ANSWER mercantilism
