WGU C211 SECOND OA COMPREHENSIVE
QUESTIONS AND COMPLETE SOLUTIONS
◉ The gross domestic product plus the income from non-resident
sources abroad gives the ____.
Answer: gross national product
◉ More than 25% of global GDP comes from _____.
Answer: BRICS countries
◉ Viewing the global economy as a pyramid, the Triad refers to _____.
Answer: North America, Western Europe, and Japan
◉ People who earn _____ a year comprise the base of the global
economic pyramid.
Answer: less than $2,000
◉ Which of the following would be an example of a top down
innovation?
Answer: Lowering prices and features of existing products to meet
emerging market needs
,◉ Which of the following is true of the Group of 20 (G-20)?
Answer: It only has 19 member countries.
◉ Which of the following does the institution-based view of global
business lay emphasis on?
Answer: Understanding the laws and values of the firm's host nation.
◉ The resource-based view of global business differs from the
institution-based view of global business in that the resource-based
view _____.
Answer: focuses on the internal strengths on the firm
◉ The liability of foreignness is the inherent disadvantage faced by
_____.
Answer: foreign firms in host nations due to their non-native status
◉ Which of the following is true of globalization according to the
"new force" perspective?
Answer: It is a western ideology focused on exploiting and
dominating the world through MNEs
◉ The concept of _____ suggests that barriers to market integration
at borders are high, but not high enough to completely insulate
countries from each other.
,Answer: Semiglobalization
◉ The strategy of treating each country as a unique market and in
total isolation is referred to as _____.
Answer: Localization
◉ MNEs from the Triad dominate the list of the 500 largest MNEs;
their share has been _____.
Answer: Shrinking
◉ A conversion that determines the equivalent amount of goods and
services that different currencies can buy is known as _____.
Answer: purchasing power parity
◉ Which of the following countries would be characterized as an
emerging economy?
Answer: Brazil
◉ Which of the following countries is represented in the Triad of the
global economic pyramid?
Answer: Japan
, ◉ People who earn _____ a year comprise the base of the global
economic pyramid.
Answer: less than $2,000
◉ A _____ is defined as an innovation that is adopted first in emerging
economies and then diffused around the world.
Answer: reverse innovation
◉ The _____ view suggests that the success and failure of firms are
largely determined by their environments.
Answer: institution-based
◉ The _____ view of global business focuses on internal factors that
can help a firm overcome its external environment.
Answer: resource-based
◉ Which of the following is true of globalization according to the
"pendulum view" perspective?
Answer: Globalization is a not a one-directional phenomenon
◉ The concept of _____ suggests that barriers to market integration
at borders are high, but not high enough to completely insulate
countries from each other.
Answer: semiglobalization
QUESTIONS AND COMPLETE SOLUTIONS
◉ The gross domestic product plus the income from non-resident
sources abroad gives the ____.
Answer: gross national product
◉ More than 25% of global GDP comes from _____.
Answer: BRICS countries
◉ Viewing the global economy as a pyramid, the Triad refers to _____.
Answer: North America, Western Europe, and Japan
◉ People who earn _____ a year comprise the base of the global
economic pyramid.
Answer: less than $2,000
◉ Which of the following would be an example of a top down
innovation?
Answer: Lowering prices and features of existing products to meet
emerging market needs
,◉ Which of the following is true of the Group of 20 (G-20)?
Answer: It only has 19 member countries.
◉ Which of the following does the institution-based view of global
business lay emphasis on?
Answer: Understanding the laws and values of the firm's host nation.
◉ The resource-based view of global business differs from the
institution-based view of global business in that the resource-based
view _____.
Answer: focuses on the internal strengths on the firm
◉ The liability of foreignness is the inherent disadvantage faced by
_____.
Answer: foreign firms in host nations due to their non-native status
◉ Which of the following is true of globalization according to the
"new force" perspective?
Answer: It is a western ideology focused on exploiting and
dominating the world through MNEs
◉ The concept of _____ suggests that barriers to market integration
at borders are high, but not high enough to completely insulate
countries from each other.
,Answer: Semiglobalization
◉ The strategy of treating each country as a unique market and in
total isolation is referred to as _____.
Answer: Localization
◉ MNEs from the Triad dominate the list of the 500 largest MNEs;
their share has been _____.
Answer: Shrinking
◉ A conversion that determines the equivalent amount of goods and
services that different currencies can buy is known as _____.
Answer: purchasing power parity
◉ Which of the following countries would be characterized as an
emerging economy?
Answer: Brazil
◉ Which of the following countries is represented in the Triad of the
global economic pyramid?
Answer: Japan
, ◉ People who earn _____ a year comprise the base of the global
economic pyramid.
Answer: less than $2,000
◉ A _____ is defined as an innovation that is adopted first in emerging
economies and then diffused around the world.
Answer: reverse innovation
◉ The _____ view suggests that the success and failure of firms are
largely determined by their environments.
Answer: institution-based
◉ The _____ view of global business focuses on internal factors that
can help a firm overcome its external environment.
Answer: resource-based
◉ Which of the following is true of globalization according to the
"pendulum view" perspective?
Answer: Globalization is a not a one-directional phenomenon
◉ The concept of _____ suggests that barriers to market integration
at borders are high, but not high enough to completely insulate
countries from each other.
Answer: semiglobalization
