WGU C211 - Global Economics for
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Managers exam with answers |\ |\ |\
Views on Globalization - CORRECT ANSWERS ✔✔New,
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Evolutionary, and Pendulum |\ |\
"New" view on globalization - CORRECT ANSWERS ✔✔A
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force sweeping through the world in recent times.
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"Evolutionary" view on globalization - CORRECT ANSWERS |\ |\ |\ |\ |\ |\
✔✔A long-run historical evolution since the dawn of
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human history |\
"Pendulum" view on globalization - CORRECT ANSWERS
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✔✔One that swings from one extreme to another from
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time to time
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Foreign Direct Investment - CORRECT ANSWERS ✔✔Direct
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investment in, control, and management of value-added
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activities in other countries |\ |\ |\
Political views on FDI - CORRECT ANSWERS ✔✔Radical
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View, Free Market View, Pragmatic Nationalism
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,Benefits to a country receiving FDI - CORRECT ANSWERS
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✔✔Capital Inflow, Technology Spillover, Advanced
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Management Know-How, Job creation |\ |\ |\
Costs to a country receiving FDI - CORRECT ANSWERS
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✔✔Loss of Sovereignty, Adverse effects on competition,
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Capital outflow. |\
How do resources and capabilities influence the
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competitive dynamics of a business? - CORRECT |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Resource similarity and market|\ |\ |\ |\ |\
commonality can yield a powerful framework for |\ |\ |\ |\ |\ |\ |\
competitor analysis. |\
Resource similarity - CORRECT ANSWERS ✔✔The extent
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to which a given competitor possesses strategic
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endowment comparable, in terms of both type and |\ |\ |\ |\ |\ |\ |\ |\
amount, to those of the focal firm.
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How does resource similarity impact competitive
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dynamics? - CORRECT ANSWERS ✔✔Firms with a high
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degree are likely to have similar competitive actions.
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(Starbuck's instant coffee & McDonald's iced coffee) |\ |\ |\ |\ |\ |\
, Classical theories of international trade - CORRECT
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ANSWERS ✔✔Mercantilism, Absolute advantage, and
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Comparative advantage |\
Modern theory view - CORRECT ANSWERS ✔✔Dynamic
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Classical theory view - CORRECT ANSWERS ✔✔Static
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Absolute advantage - CORRECT ANSWERS ✔✔The
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economic advantage one nation enjoys that is superior to
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other nations
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Comparative advantage - CORRECT ANSWERS ✔✔The |\ |\ |\ |\ |\ |\
advantage one economic activity nation enjoys in
|\ |\ |\ |\ |\ |\ |\
comparison with other nations (relative, not absolute)
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Mercantilism - CORRECT ANSWERS ✔✔A theory that |\ |\ |\ |\ |\ |\ |\
suggests that the wealth of the world is fixed and that a
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nation that exports more and imports less will be richer.
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Features of the product life cycle? - CORRECT ANSWERS
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✔✔New, Maturing, and Standardized
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Managers exam with answers |\ |\ |\
Views on Globalization - CORRECT ANSWERS ✔✔New,
|\ |\ |\ |\ |\ |\ |\
Evolutionary, and Pendulum |\ |\
"New" view on globalization - CORRECT ANSWERS ✔✔A
|\ |\ |\ |\ |\ |\ |\ |\
force sweeping through the world in recent times.
|\ |\ |\ |\ |\ |\ |\
"Evolutionary" view on globalization - CORRECT ANSWERS |\ |\ |\ |\ |\ |\
✔✔A long-run historical evolution since the dawn of
|\ |\ |\ |\ |\ |\ |\ |\ |\
human history |\
"Pendulum" view on globalization - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\
✔✔One that swings from one extreme to another from
|\ |\ |\ |\ |\ |\ |\ |\ |\
time to time
|\ |\
Foreign Direct Investment - CORRECT ANSWERS ✔✔Direct
|\ |\ |\ |\ |\ |\
investment in, control, and management of value-added
|\ |\ |\ |\ |\ |\ |\ |\
activities in other countries |\ |\ |\
Political views on FDI - CORRECT ANSWERS ✔✔Radical
|\ |\ |\ |\ |\ |\ |\ |\
View, Free Market View, Pragmatic Nationalism
|\ |\ |\ |\ |\
,Benefits to a country receiving FDI - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Capital Inflow, Technology Spillover, Advanced
|\ |\ |\ |\ |\
Management Know-How, Job creation |\ |\ |\
Costs to a country receiving FDI - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Loss of Sovereignty, Adverse effects on competition,
|\ |\ |\ |\ |\ |\ |\
Capital outflow. |\
How do resources and capabilities influence the
|\ |\ |\ |\ |\ |\ |\
competitive dynamics of a business? - CORRECT |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Resource similarity and market|\ |\ |\ |\ |\
commonality can yield a powerful framework for |\ |\ |\ |\ |\ |\ |\
competitor analysis. |\
Resource similarity - CORRECT ANSWERS ✔✔The extent
|\ |\ |\ |\ |\ |\ |\
to which a given competitor possesses strategic
|\ |\ |\ |\ |\ |\ |\
endowment comparable, in terms of both type and |\ |\ |\ |\ |\ |\ |\ |\
amount, to those of the focal firm.
|\ |\ |\ |\ |\ |\
How does resource similarity impact competitive
|\ |\ |\ |\ |\ |\
dynamics? - CORRECT ANSWERS ✔✔Firms with a high
|\ |\ |\ |\ |\ |\ |\ |\
degree are likely to have similar competitive actions.
|\ |\ |\ |\ |\ |\ |\ |\
(Starbuck's instant coffee & McDonald's iced coffee) |\ |\ |\ |\ |\ |\
, Classical theories of international trade - CORRECT
|\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Mercantilism, Absolute advantage, and
|\ |\ |\ |\ |\
Comparative advantage |\
Modern theory view - CORRECT ANSWERS ✔✔Dynamic
|\ |\ |\ |\ |\ |\
Classical theory view - CORRECT ANSWERS ✔✔Static
|\ |\ |\ |\ |\ |\
Absolute advantage - CORRECT ANSWERS ✔✔The
|\ |\ |\ |\ |\ |\
economic advantage one nation enjoys that is superior to
|\ |\ |\ |\ |\ |\ |\ |\ |\
other nations
|\
Comparative advantage - CORRECT ANSWERS ✔✔The |\ |\ |\ |\ |\ |\
advantage one economic activity nation enjoys in
|\ |\ |\ |\ |\ |\ |\
comparison with other nations (relative, not absolute)
|\ |\ |\ |\ |\ |\
Mercantilism - CORRECT ANSWERS ✔✔A theory that |\ |\ |\ |\ |\ |\ |\
suggests that the wealth of the world is fixed and that a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
nation that exports more and imports less will be richer.
|\ |\ |\ |\ |\ |\ |\ |\ |\
Features of the product life cycle? - CORRECT ANSWERS
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✔✔New, Maturing, and Standardized
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