WGU C211 Pre-Assessment questions with verified answers

WGU C211 Pre-Assessment questions with verified ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//||




answers


Which view claims that the phenomenon of globalization was initially driven by the desire
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of Western economies to exploit their power through multinational enterprise? - correct
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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
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countries. Which view does this statement portray? - correct answer✔✔Resource-based ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//||




view



What is the aggregation of importing and exporting that leads to the country-level trade
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surplus or deficit? - correct answer✔✔Balance of trade
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What is a cost of foreign direct investment? - correct answer✔✔Developing countries may
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be exploited by multinational enterprises (MNE).
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What may precious, rare, and hard-to-duplicate resources and capabilities lead to for a
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firm? - correct answer✔✔Sustained comparative advantage
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Which theory states that patterns of international trade change across new, maturing, and
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standardized states? - correct answer✔✔Product life cycle theory ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//||




What is the financial environment in which exchange rates and payments for goods and
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services are conducted? - correct answer✔✔International monetary system
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, What happens to a country's real exchange rate and nominal interest rate as the price level
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increases, assuming all other factors are unchanged? - correct answer✔✔Exchange rates ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//|| ||\\|//||




depreciate; interest rates increase ||\\|//|| ||\\|//|| ||\\|//||




What is the easiest method nonfinancial companies use to handle currency fluctuations? -
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correct answer✔✔Currency diversification ||\\|//|| ||\\|//||




Which strategy minimizes the risk of unanticipated changes in future exchange rates? -
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correct answer✔✔Currency swap ||\\|//|| ||\\|//||




A company is looking for a location with an abundance of ground-breaking individuals,
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firms, and universities. Which type of strategic goal is this company demonstrating? -
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correct answer✔✔Innovation-seeking ||\\|//||




What advantage comes with not sharing benefits with late entrants? - correct
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answer✔✔First-mover advantage ||\\|//||




Which entry mode is a non-equity arrangement for a company entry into a foreign market?
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- correct answer✔✔Licensing
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What size commitment is required for a non-equity mode of entry into a foreign market? -
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correct answer✔✔Small commitment ||\\|//|| ||\\|//||




What are two supportive pillars for an informal institution? - correct answer✔✔Cognitive,
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Normative



What is the key role of an institution, according to the institution-based view? - correct
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answer✔✔To reduce uncertainty ||\\|//|| ||\\|//||