. PRE-ASSESSMENT: GLOBAL
ECONOMICS FOR MANAGERS (UZC2).
WGU C211. CORRECT ANSWERS ONLY
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ejofjWesternjeconomiesjtojexploitjtheirjpowerjthroughjmultinationaljenterprises?j-jans-
Thejnew-forcejview
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ervices,jorjotherjitemsjarejunique,jvaluable,jandjdifficultjtojduplicatejtojthejimportingjco
untriesj-jans-Resource-basedjview
Whatjisjthejaggregationjofjimportingjandjexportingjthatjleadsjtojthejcountry-
leveljtradejsurplusjorjdeficit?j-jans-Balancejofjtrade
Whatjisjajcostjofjforeignjdirectjinvestment?j-jans-
Developingjcountriesjmayjbejexploitedjbyjmultinationaljenterprisesj(MNE).
Whatjmayjprecious,jrare,jandjhard-to-
duplicatejresourcesjandjcapabilitiesjleadjtojforjajfirm?j-jans-
Sustainedjcomparativejadvantage
Whichjtheoryjstatesjthatjpatternsjofjinternationaljtradejchangejacrossjnew,jmaturing,ja
ndjstandardizedjstages?j-jans-Productjlifejcyclejtheory
Whatjisjthejfinancialjenvironmentjinjwhichjexchangejratesjandjpaymentsjforjgoodsjandj
servicesjarejconducted?j-jans-Internationaljmonetaryjsystem
Whatjhappensjtojajcountry'sjrealjexchangejratejandjnominaljinterestjratejasjthejpricejl
eveljincreases,jassumingjalljotherjfactorsjarejunchanged?j-jans-
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Whatjisjthejeasiestjmethodjnonfinancialjcompaniesjusejtojhandlejcurrencyjfluctuations
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Whichjstrategyjminimizesjthejriskjofjunanticipatedjchangesjinjfuturejexchangejrates?j-
jans-Currencyjswap
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breakingjindividuals,jfirms,jandjuniversities.j
j
Whichjtypejofjstrategicjgoaljisjthisjcompanyjdemonstrating?j-jans-Innovation-seeking
Whatjadvantagejcomesjwithjnotjsharingjbenefitsjwithjlatejentrants?j-jans-First-
moverjadvantage
Whichjentryjmodejisjajnon-
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Whatjsizejcommitmentjisjrequiredjforjajnon-equityjmodejofjentryjintojajforeignjmarket?
j-jans-Smalljcommitment
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Whatjisjthejkeyjrolejofjanjinstitution,jaccordingjtojthejinstitution-basedjview?j-jans-
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Whatjarejthejrules,jenforcementjmechanisms,jandjorganizationsjthatjsupportjmarketjtra
nsactions?j-jans-Institutions
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j-jans-Boundedjrationality
Injwhichjtypejofjpoliticaljsystemjdojcitizensjelectjrepresentativesjtojgovernjthejcountryj
onjtheirjbehalf?j-jans-Democracy
Whichjlegaljsystemjusesjcomprehensivejlistsjofjrulesjandjwrittenjcodes?j-jans-Civiljlaw
Whatjarejthejlegaljprivilegesjassociatedjwithjthejusejofjeconomicjpropertyjtojobtainjinc
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ojderivejincomejandjotherjbenefitsjfromjit
Whatjarejthejtwojpolarjtypesjofjeconomies?j
Choosej2janswersj-jans-Centrallyjplannedjeconomies.jMarketjeconomies.
ECONOMICS FOR MANAGERS (UZC2).
WGU C211. CORRECT ANSWERS ONLY
Whichjviewjclaimsjthatjthejphenomenonjofjglobalizationjwasjinitiallyjdrivenjbyjthejdesir
ejofjWesternjeconomiesjtojexploitjtheirjpowerjthroughjmultinationaljenterprises?j-jans-
Thejnew-forcejview
Economicjgainsjcomejfromjinternationaljtradejbecausejonejcountry'sjexportedjgoods,js
ervices,jorjotherjitemsjarejunique,jvaluable,jandjdifficultjtojduplicatejtojthejimportingjco
untriesj-jans-Resource-basedjview
Whatjisjthejaggregationjofjimportingjandjexportingjthatjleadsjtojthejcountry-
leveljtradejsurplusjorjdeficit?j-jans-Balancejofjtrade
Whatjisjajcostjofjforeignjdirectjinvestment?j-jans-
Developingjcountriesjmayjbejexploitedjbyjmultinationaljenterprisesj(MNE).
Whatjmayjprecious,jrare,jandjhard-to-
duplicatejresourcesjandjcapabilitiesjleadjtojforjajfirm?j-jans-
Sustainedjcomparativejadvantage
Whichjtheoryjstatesjthatjpatternsjofjinternationaljtradejchangejacrossjnew,jmaturing,ja
ndjstandardizedjstages?j-jans-Productjlifejcyclejtheory
Whatjisjthejfinancialjenvironmentjinjwhichjexchangejratesjandjpaymentsjforjgoodsjandj
servicesjarejconducted?j-jans-Internationaljmonetaryjsystem
Whatjhappensjtojajcountry'sjrealjexchangejratejandjnominaljinterestjratejasjthejpricejl
eveljincreases,jassumingjalljotherjfactorsjarejunchanged?j-jans-
Exchangejratesjfalljandjinterestjratesjrise.
Whatjisjthejeasiestjmethodjnonfinancialjcompaniesjusejtojhandlejcurrencyjfluctuations
?j-jans-Currencyjdiversification
Whichjstrategyjminimizesjthejriskjofjunanticipatedjchangesjinjfuturejexchangejrates?j-
jans-Currencyjswap
, Ajcompanyjisjlookingjforjajlocationjwithjanjabundancejofjground-
breakingjindividuals,jfirms,jandjuniversities.j
j
Whichjtypejofjstrategicjgoaljisjthisjcompanyjdemonstrating?j-jans-Innovation-seeking
Whatjadvantagejcomesjwithjnotjsharingjbenefitsjwithjlatejentrants?j-jans-First-
moverjadvantage
Whichjentryjmodejisjajnon-
equityjarrangementjforjajcompanyjcontemplatingjentryjintojajforeignjmarket?j-jans-
Licensing
Whatjsizejcommitmentjisjrequiredjforjajnon-equityjmodejofjentryjintojajforeignjmarket?
j-jans-Smalljcommitment
Whatjarejtwojsupportivejpillarsjforjanjinformaljinstitution?j
Choosej2janswersj-jans-Cognitive.jNormative.
Whatjisjthejkeyjrolejofjanjinstitution,jaccordingjtojthejinstitution-basedjview?j-jans-
Tojreducejuncertainty
Whatjarejthejrules,jenforcementjmechanisms,jandjorganizationsjthatjsupportjmarketjtra
nsactions?j-jans-Institutions
Whatjisjajcorejpropositionjunderpinningjanjinstitutional-basedjviewjofjglobaljbusiness?
j-jans-Boundedjrationality
Injwhichjtypejofjpoliticaljsystemjdojcitizensjelectjrepresentativesjtojgovernjthejcountryj
onjtheirjbehalf?j-jans-Democracy
Whichjlegaljsystemjusesjcomprehensivejlistsjofjrulesjandjwrittenjcodes?j-jans-Civiljlaw
Whatjarejthejlegaljprivilegesjassociatedjwithjthejusejofjeconomicjpropertyjtojobtainjinc
omejandjotherjbenefitsjfromjitsjuse?j-jans-Propertyjrights
Whatjisjthejpurposejofjhavingjpropertyjrightsjandjintellectualjpropertyjrights?j-jans-
Tojlegallyjprotectjthejusejofjtangiblejandjintangiblejpropertyjandjallowjitsjlawfuljownerjt
ojderivejincomejandjotherjbenefitsjfromjit
Whatjarejthejtwojpolarjtypesjofjeconomies?j
Choosej2janswersj-jans-Centrallyjplannedjeconomies.jMarketjeconomies.
