WGU C211 PRE ASSESSMENT (LATEST 2026/2027) | COMPLETE
ACTUAL EXAM | QUESTIONS & 100% VERIFIED CORRECT ANSWERS
| OBJECTIVE ASSESSMENT | PRE ASSESSMENT INCLUDED |
GUARANTEED A+ | BRAND NEW UPDATE!
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
Which of the following is true of globalization according to the "pendulum view"
perspective? - ANSWER Globalization is a not a one-directional phenomenon.
The _____ of globalization suggests that globalization is neither recent nor one-
directional. - ANSWER pendulum view
Which of the following is true of semiglobalization? - ANSWER It is a type of
globalization that lies between total isolation and total globalization.
Globalization can be viewed as: - ANSWER A new force sweeping through
the world in recent times.
A long-run historical evolution since the dawn of human history.
A pendulum that swings from one extreme to another from time to time.
Name the three views of globalization. - ANSWER A recent force, a long-
running evolution, and a pendulum
, The _____ theory viewed international trade as a zero-sum game. - ANSWER
mercantilism
The _____ principle advocated that governments should actively protect domestic
industries from imports and vigorously promote exports. - ANSWER
protectionism
Which of the following is a modern trade theory? - ANSWER National
competitive advantage
The _____ theory is based on the assumption that the wealth of the world is fixed.
- ANSWER mercantilism
Import quotas are a type of _____. - ANSWER tariff barrier
According to the theory of absolute advantage, under free trade, - ANSWER
Each nation gains by specializing in economic activities in which a nation has
absolute advantage.
Which of the following is NOT a nontariff trade barrier (NTB)? - ANSWER
Cultural distance
Chile requires 50 units of resource to produce one ton of wine and 20 units of
resource to produce one ton of blueberries. France requires 30 units of resource to
produce one ton of wine and 40 units of resource to produce one ton of blueberries.
Which of the following is true? - ANSWER France has a comparative
advantage in wine.
, Which of the following theories does NOT lead to the conclusion that unrestricted
free trade is in the best interests of all countries? - ANSWER Strategic trade
theory
Free trade is defined as: - ANSWER The idea that market forces should
determine how much to trade with little or no government intervention.
According to the theory of absolute advantage, under free trade, - ANSWER
each nation gains by specializing in economic activities in which a nation has
absolute advantage.
Which of the following is NOT a nontariff trade barrier (NTB)? - ANSWER
Cultural distance
Protectionism is similar to mercantilism as they both advocated _____. -
ANSWER government involvement in international trade
OLI advantages refer to a firm's quest for _____via FDI. - ANSWER
ownership advantages, location advantages, and internalization advantages
MNEs' possession and leveraging of certain valuable, rare, hard-to-imitate, and
organizationally embedded (VRIO) assets overseas in the context of FDI refer to
_____. - ANSWER ownership
Firms prefer FDI to licensing because FDI_____. - ANSWER provides the
firm with direct ownership to its foreign assets
, Which of the following political perspectives maintains the view that FDI has
both pros and cons and can only be approved when its benefits outweigh costs? -
ANSWER Pragmatic nationalism
Which of the following is a benefit of FDI to home countries? - ANSWER
Learning from operations
Which of the following foreign exchange transactions provide protection to
traders and investors from being exposed to fluctuations of the spot rate? -
ANSWER Forward transactions
_____ is defined as the conversion of one currency into another at Time 1, with
an agreement to revert it back to the original currency at a specific Time 2 in the
future. - ANSWER Currency swap
Foreign exchange rates are influenced by: - ANSWER Interest rates and
money supply.
Relative price differences and purchasing power parity.
Supply and demand of the currencies.
A savvy global business manger must understand the following concepts to be
considered literate about foreign exchange: - ANSWER Understand the factors
that influence exchange rates
Understand the ways to hedge currency risks
Understand the foreign exchange market
ACTUAL EXAM | QUESTIONS & 100% VERIFIED CORRECT ANSWERS
| OBJECTIVE ASSESSMENT | PRE ASSESSMENT INCLUDED |
GUARANTEED A+ | BRAND NEW UPDATE!
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
Which of the following is true of globalization according to the "pendulum view"
perspective? - ANSWER Globalization is a not a one-directional phenomenon.
The _____ of globalization suggests that globalization is neither recent nor one-
directional. - ANSWER pendulum view
Which of the following is true of semiglobalization? - ANSWER It is a type of
globalization that lies between total isolation and total globalization.
Globalization can be viewed as: - ANSWER A new force sweeping through
the world in recent times.
A long-run historical evolution since the dawn of human history.
A pendulum that swings from one extreme to another from time to time.
Name the three views of globalization. - ANSWER A recent force, a long-
running evolution, and a pendulum
, The _____ theory viewed international trade as a zero-sum game. - ANSWER
mercantilism
The _____ principle advocated that governments should actively protect domestic
industries from imports and vigorously promote exports. - ANSWER
protectionism
Which of the following is a modern trade theory? - ANSWER National
competitive advantage
The _____ theory is based on the assumption that the wealth of the world is fixed.
- ANSWER mercantilism
Import quotas are a type of _____. - ANSWER tariff barrier
According to the theory of absolute advantage, under free trade, - ANSWER
Each nation gains by specializing in economic activities in which a nation has
absolute advantage.
Which of the following is NOT a nontariff trade barrier (NTB)? - ANSWER
Cultural distance
Chile requires 50 units of resource to produce one ton of wine and 20 units of
resource to produce one ton of blueberries. France requires 30 units of resource to
produce one ton of wine and 40 units of resource to produce one ton of blueberries.
Which of the following is true? - ANSWER France has a comparative
advantage in wine.
, Which of the following theories does NOT lead to the conclusion that unrestricted
free trade is in the best interests of all countries? - ANSWER Strategic trade
theory
Free trade is defined as: - ANSWER The idea that market forces should
determine how much to trade with little or no government intervention.
According to the theory of absolute advantage, under free trade, - ANSWER
each nation gains by specializing in economic activities in which a nation has
absolute advantage.
Which of the following is NOT a nontariff trade barrier (NTB)? - ANSWER
Cultural distance
Protectionism is similar to mercantilism as they both advocated _____. -
ANSWER government involvement in international trade
OLI advantages refer to a firm's quest for _____via FDI. - ANSWER
ownership advantages, location advantages, and internalization advantages
MNEs' possession and leveraging of certain valuable, rare, hard-to-imitate, and
organizationally embedded (VRIO) assets overseas in the context of FDI refer to
_____. - ANSWER ownership
Firms prefer FDI to licensing because FDI_____. - ANSWER provides the
firm with direct ownership to its foreign assets
, Which of the following political perspectives maintains the view that FDI has
both pros and cons and can only be approved when its benefits outweigh costs? -
ANSWER Pragmatic nationalism
Which of the following is a benefit of FDI to home countries? - ANSWER
Learning from operations
Which of the following foreign exchange transactions provide protection to
traders and investors from being exposed to fluctuations of the spot rate? -
ANSWER Forward transactions
_____ is defined as the conversion of one currency into another at Time 1, with
an agreement to revert it back to the original currency at a specific Time 2 in the
future. - ANSWER Currency swap
Foreign exchange rates are influenced by: - ANSWER Interest rates and
money supply.
Relative price differences and purchasing power parity.
Supply and demand of the currencies.
A savvy global business manger must understand the following concepts to be
considered literate about foreign exchange: - ANSWER Understand the factors
that influence exchange rates
Understand the ways to hedge currency risks
Understand the foreign exchange market
