WGU C211 - Global Economics for Managers
Exam () Questions and Verified
Answers, 100% Guarantee Pass
What core propositions lie at the root of the institution based view on
global business?
- correct answer -
(1) managers and firms rationally pursue their interests and make choices
within institutional constraints (bounded rationality) (2) in situations where
formal constraints are unclear or fail, informal constraints play a larger role
in reducing uncertainty and providing constancy to managers and firms
(personal relationships and connections)
Views on Globalization
,- correct answer -
New, Evolutionary, and Pendulum
"New" view on globalization
- correct answer -
A force sweeping through the world in recent times.
"Evolutionary" view on globalization
- correct answer -
A long-run historical evolution since the dawn of human history
"Pendulum" view on globalization
- correct answer -
One that swings from one extreme to another from time to time
Foreign Direct Investment
- correct answer -
Direct investment in, control, and management of value-added activities in
other countries
Political views on FDI
,- correct ganswer g-
Radical gView, gFree gMarket gView, gPragmatic gNationalism
Benefits gto ga gcountry greceiving gFDI
- correct ganswer g-
Capital gInflow, gTechnology gSpillover, gAdvanced gManagementgKnow-How,
Job gcreation
g
Costs gto ga gcountry greceiving gFDI
- correct ganswer g-
Loss gof gSovereignty, gAdverse g effects gon gcompetition, gCapital goutflow.
Howgdo gresources gand gcapabilities ginfluence gthe gcompetitive gdynamics gofga
business?
g
- correct ganswer g-
Resource gsimilarity gand gmarket gcommonality gcan gyield ga gpowerful
framework gfor gcompetitor ganalysis.
g
Resource gsimilarity
- correct ganswer g-
The gextent gto gwhich ga ggiven gcompetitor gpossesses gstrategic gendowment
, comparable, gin gterms gofgboth gtype gand gamount, gto gthose gofgthe gfocal gfirm.
How gdoes gresource gsimilarity gimpact gcompetitive gdynamics?
- correct ganswer g-
Firms gwith ga ghigh gdegree gare glikely gto ghave gsimilar gcompetitive gactions.
(Starbuck's ginstant gcoffee g& gMcDonald's giced gcoffee)
g
Classical gtheories gofginternational gtrade
- correct ganswer g-
Mercantilism, gAbsolute gadvantage, gand gComparative gadvantage
Modern gtheory gview
- correct ganswer
- gDynamic
g
Classical gtheory gview
- correct ganswer
- gStatic
g
Absolute gadvantage
- correct ganswer g-
Exam () Questions and Verified
Answers, 100% Guarantee Pass
What core propositions lie at the root of the institution based view on
global business?
- correct answer -
(1) managers and firms rationally pursue their interests and make choices
within institutional constraints (bounded rationality) (2) in situations where
formal constraints are unclear or fail, informal constraints play a larger role
in reducing uncertainty and providing constancy to managers and firms
(personal relationships and connections)
Views on Globalization
,- correct answer -
New, Evolutionary, and Pendulum
"New" view on globalization
- correct answer -
A force sweeping through the world in recent times.
"Evolutionary" view on globalization
- correct answer -
A long-run historical evolution since the dawn of human history
"Pendulum" view on globalization
- correct answer -
One that swings from one extreme to another from time to time
Foreign Direct Investment
- correct answer -
Direct investment in, control, and management of value-added activities in
other countries
Political views on FDI
,- correct ganswer g-
Radical gView, gFree gMarket gView, gPragmatic gNationalism
Benefits gto ga gcountry greceiving gFDI
- correct ganswer g-
Capital gInflow, gTechnology gSpillover, gAdvanced gManagementgKnow-How,
Job gcreation
g
Costs gto ga gcountry greceiving gFDI
- correct ganswer g-
Loss gof gSovereignty, gAdverse g effects gon gcompetition, gCapital goutflow.
Howgdo gresources gand gcapabilities ginfluence gthe gcompetitive gdynamics gofga
business?
g
- correct ganswer g-
Resource gsimilarity gand gmarket gcommonality gcan gyield ga gpowerful
framework gfor gcompetitor ganalysis.
g
Resource gsimilarity
- correct ganswer g-
The gextent gto gwhich ga ggiven gcompetitor gpossesses gstrategic gendowment
, comparable, gin gterms gofgboth gtype gand gamount, gto gthose gofgthe gfocal gfirm.
How gdoes gresource gsimilarity gimpact gcompetitive gdynamics?
- correct ganswer g-
Firms gwith ga ghigh gdegree gare glikely gto ghave gsimilar gcompetitive gactions.
(Starbuck's ginstant gcoffee g& gMcDonald's giced gcoffee)
g
Classical gtheories gofginternational gtrade
- correct ganswer g-
Mercantilism, gAbsolute gadvantage, gand gComparative gadvantage
Modern gtheory gview
- correct ganswer
- gDynamic
g
Classical gtheory gview
- correct ganswer
- gStatic
g
Absolute gadvantage
- correct ganswer g-
