WGU D080 Exam with100% Accurate
Solutions
Geocentric - ANS-A company would like to use a human resource approach that leads
to more fluid movement among employees and creates diversity in the workforce.
Assignment decisions are made jointly by the headquarters and the field offices.
Which human resource approach should be used by this company?
Globalization - ANS-Worldwide interconnections in virtually every sphere of activity
including the spread of products, technology, information, and job opportunities.
Globalization can result in blurred boundaries between nations, organizations, and
investors
trade - ANS-The action of buying and selling goods and services
capital - ANS-Financial assets such as funds but also equipment, facilities, and other
means of production
outsource - ANS-To obtain goods or services from an outside or foreign supplier
nongovernmental organizations (NGOs) - ANS-Not for profit organizations that are
independent of the government and are active in humanitarian causes
Economic - ANS-Which type of globalization refers to the international movement of
goods, capital, and services?
patents - ANS-Protects inventions and improvements to existing inventions for a limited
period of time in exchange for detailed public disclosure of those inventions
copyrights - ANS-A government authority or license giving the owner of an invention the
right to exclude others from making or selling the invention for a set period of time
trademarks - ANS-Protection for any word, name, symbol, device, or any combination
used in commerce to identify and distinguish the goods of one manufacturer or seller
from goods manufactured or sold by others
assets - ANS-A useful or valuable thing; something you own such as building, inventory,
or cash
liabilities - ANS-Being responsible for a debt or financial obligation, something you owe
,financial instrument - ANS-A monetary contract between parties
multinational firms - ANS-A large corporation incorporated in one country which
produces or sells goods or services in various countries
Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets - ANS-5 stages of going global
Economies of scale - ANS-A proportionate savings in costs gained by an increased
level of production
Economies of scope - ANS-To develop efficiencies in terms of variety not volume
Cost - ANS-A CEO seeks to better use the economies of scale and scope of production
to increase the international company's profits.
Which type of globalization driver is the CEO seeking to use?
Infrastructure - ANS-A CEO is discussing an expansion of production of a company's
highly perishable dairy line in a country that can offer low labor costs and good internet
connections. The country has no highways, and roads are poorly maintained.
Which challenge to international business expansion do the road conditions present?
Six Sigma - ANS-A method that provides tools for organizations to increase
performance and decrease process variation
Economics - ANS-Which factor of CAGE addresses differences in country size that
affect barriers to globalization?
Gini coefficient - ANS-Measures the inequality among values of a frequency distribution
such as levels of income
Happy Planet Index - ANS-Measures how well nations are doing at achieving long,
happy, sustainable lives
Increases the wealth of the rich and not the poor - ANS-Which argument is used by
critics who wish to discourage movement towards globalization?
gross domestic product (GDP) - ANS-The total value of goods and services provided in
a country in a one-year period
gross national product (GNP) - ANS-The total value of goods and services provided by
a country, both inside and outside of its borders, in a one-year period
, Market - ANS-Which type of economy is decentralized and allows firms and households
to participate in global trade with minimum governmental interference?
Civil - ANS-Which type of legal system is based on a code and focuses on how the law
is applied to the facts?
Common - ANS-Which law is based on tradition and precedent given that judicial rulings
can stand as precedents for future cases?
Customary - ANS-Which legal system can vary from community to community and is
found in countries without strong formal justice systems?
Common - ANS-In which legal system does a judge decide the applicable law for the
case as a jury determines the facts?
Common law - ANS-Based on precedence. Any activity that is not clearly illegal may be
acceptable. The role of the judge is to hear arguments from both parties and make a
judgment. This judgment stands as precedent for future cases.
Religious law - ANS-based on religious beliefs. One example is a requirement in Sharia
that people following Sharia may not borrow money. To compensate for the inability to
take on debt, an asset-based system has been established.
balance of payments - ANS-The difference in total value between payments into and out
of the country over a period of time
fixed-rate currency exchange system - ANS-When a country's currency value is fixed or
pegged by a monetary authority against the value of another currency, a basket of
currencies, or another measure of value
World Bank - ANS-~ Encourages developing countries to borrow for development
projects
~ Developmental institution
~ Financed reconstruction after wars in the 1940s. It is now focused on supporting
developing countries
~ Large: 40 offices, over 10,000 staff
~ Investment bank owned by the governments of the 180 member nations
~ Borrows and loans
~ Borrowers must meet requirements to qualify for loans
Solutions
Geocentric - ANS-A company would like to use a human resource approach that leads
to more fluid movement among employees and creates diversity in the workforce.
Assignment decisions are made jointly by the headquarters and the field offices.
Which human resource approach should be used by this company?
Globalization - ANS-Worldwide interconnections in virtually every sphere of activity
including the spread of products, technology, information, and job opportunities.
Globalization can result in blurred boundaries between nations, organizations, and
investors
trade - ANS-The action of buying and selling goods and services
capital - ANS-Financial assets such as funds but also equipment, facilities, and other
means of production
outsource - ANS-To obtain goods or services from an outside or foreign supplier
nongovernmental organizations (NGOs) - ANS-Not for profit organizations that are
independent of the government and are active in humanitarian causes
Economic - ANS-Which type of globalization refers to the international movement of
goods, capital, and services?
patents - ANS-Protects inventions and improvements to existing inventions for a limited
period of time in exchange for detailed public disclosure of those inventions
copyrights - ANS-A government authority or license giving the owner of an invention the
right to exclude others from making or selling the invention for a set period of time
trademarks - ANS-Protection for any word, name, symbol, device, or any combination
used in commerce to identify and distinguish the goods of one manufacturer or seller
from goods manufactured or sold by others
assets - ANS-A useful or valuable thing; something you own such as building, inventory,
or cash
liabilities - ANS-Being responsible for a debt or financial obligation, something you owe
,financial instrument - ANS-A monetary contract between parties
multinational firms - ANS-A large corporation incorporated in one country which
produces or sells goods or services in various countries
Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets - ANS-5 stages of going global
Economies of scale - ANS-A proportionate savings in costs gained by an increased
level of production
Economies of scope - ANS-To develop efficiencies in terms of variety not volume
Cost - ANS-A CEO seeks to better use the economies of scale and scope of production
to increase the international company's profits.
Which type of globalization driver is the CEO seeking to use?
Infrastructure - ANS-A CEO is discussing an expansion of production of a company's
highly perishable dairy line in a country that can offer low labor costs and good internet
connections. The country has no highways, and roads are poorly maintained.
Which challenge to international business expansion do the road conditions present?
Six Sigma - ANS-A method that provides tools for organizations to increase
performance and decrease process variation
Economics - ANS-Which factor of CAGE addresses differences in country size that
affect barriers to globalization?
Gini coefficient - ANS-Measures the inequality among values of a frequency distribution
such as levels of income
Happy Planet Index - ANS-Measures how well nations are doing at achieving long,
happy, sustainable lives
Increases the wealth of the rich and not the poor - ANS-Which argument is used by
critics who wish to discourage movement towards globalization?
gross domestic product (GDP) - ANS-The total value of goods and services provided in
a country in a one-year period
gross national product (GNP) - ANS-The total value of goods and services provided by
a country, both inside and outside of its borders, in a one-year period
, Market - ANS-Which type of economy is decentralized and allows firms and households
to participate in global trade with minimum governmental interference?
Civil - ANS-Which type of legal system is based on a code and focuses on how the law
is applied to the facts?
Common - ANS-Which law is based on tradition and precedent given that judicial rulings
can stand as precedents for future cases?
Customary - ANS-Which legal system can vary from community to community and is
found in countries without strong formal justice systems?
Common - ANS-In which legal system does a judge decide the applicable law for the
case as a jury determines the facts?
Common law - ANS-Based on precedence. Any activity that is not clearly illegal may be
acceptable. The role of the judge is to hear arguments from both parties and make a
judgment. This judgment stands as precedent for future cases.
Religious law - ANS-based on religious beliefs. One example is a requirement in Sharia
that people following Sharia may not borrow money. To compensate for the inability to
take on debt, an asset-based system has been established.
balance of payments - ANS-The difference in total value between payments into and out
of the country over a period of time
fixed-rate currency exchange system - ANS-When a country's currency value is fixed or
pegged by a monetary authority against the value of another currency, a basket of
currencies, or another measure of value
World Bank - ANS-~ Encourages developing countries to borrow for development
projects
~ Developmental institution
~ Financed reconstruction after wars in the 1940s. It is now focused on supporting
developing countries
~ Large: 40 offices, over 10,000 staff
~ Investment bank owned by the governments of the 180 member nations
~ Borrows and loans
~ Borrowers must meet requirements to qualify for loans
