WGU C211 Exam Prep Questions and Answers Already Passed

Globalization can be viewed as - ️️a new force sweeping through the world in recent times. a Option pendulum that swings from one extreme to another from time to time. a long-run historical evolution since the dawn of human history. What is the definition of an institution-based view of global business? - ️️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: - ️️the influence of a formal institution. Which are the three views of globalization? - ️️A recent force, a long-running evolution, and a pendulum Trade deficit refers to: - ️️an economic condition in which a nation imports more than it exports