WGU D080 Study Guide Questions and
Well Detailed Answers | Complete
Module Breakdown | 2026 Updated
Comprehensive Exam Prep | 100%
Correct
The key element of globalization is interdependence and interconnectedness among
companies and countries around the globe. Globalism is characterized by an increasing
number of worldwide connections, rapid and discontinuous change, an increasing
number of diverse participants, and growing complexity. -QUESTION What is
globalization?
economic: developed economies integrating with developing countries through foreign
direct investment, lowering the costs of doing business, reducing trade barriers, and, in
many cases, increasing cross-border migration.
political: globalization may ultimately reduce the importance of nation-states.
cultural: The spread of culture has added to processes such as commodity exchange
and colonization, which have a more extended history of carrying cultural meaning
around the globe. The circulation of cultures enables individuals to partake in extended
social relations that cross national and regional borders. -QUESTION What are the
economic, political, and cultural effects of globalization?
,any nonprofit, voluntary citizens' groups that are organized on a local, national, or
international level -QUESTION What is nongovernmental organization and how does it
impact government public policy across national boundaries?
International business encompasses a full range of cross-border exchanges of goods,
services, or resources across two or more nations. These exchanges can go beyond
the exchange of money for physical goods to include international transfers of other
resources such as people; intellectual property such as patents, copyrights, brand
trademarks, and data; and contractual assets or liabilities. Such assets or liabilities
include the right to use some foreign asset, provide some future service to overseas
customers, or execute a complex financial instrument. The entities involved in
international business range from large multinational firms with thousands of employees
doing business in many countries to a small one-person company acting as an importer
or exporter. This broader definition of international business also encompasses for-
profit, border-crossing transactions as well as transactions motivated by nonfinancial g -
QUESTION What are the features of international business?
- Exporting
- franchising
- joint ventures
- home-owned affiliates
- fully global ventures -QUESTION What are the different forms of international
business? Explain each form.
,1. market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets -QUESTION What are the 5 stages of entering a global
market? Explain each stage
market, cost, competition, government -QUESTION What are the 4 drivers of
globalization? Explain
unsaturated demand for new products, lower labor costs, less expensive natural
resources, and other inputs to products. -QUESTION What are the benefits and costs of
global expansion from MNCs' perspective?
1.0: the first stage of globalism and is pushed forward by nationalism and religion.
2.0: the second stage of globalization and is characterized by advances in methods of
transportation.
3.0: the third stage of globalization and is characterized by advancements across the
board, especially technology and communication. -QUESTION What are the
characteristics of each stage of globalization?
, Ethical issues, governmental policies, and economic restrictions are all likely when a
company moves into an unfamiliar global space. A multinational company may also face
infrastructural and technological challenges in a developing country. -QUESTION What
are the criticisms of globalization?
There are more than 13 major types of government, each of which consists of multiple
variations. At one end of the extremes of political ideologies is anarchism, which
contends that individuals should control political activities, and public government is
both unnecessary and unwanted. At the other extreme is totalitarianism, which contends
that every aspect of an individual's life should be controlled and dictated by a strong
central government.
Totalitarianism
Authoritarian
Monarchy
Democracy
Oligarchy
Dictatorship -QUESTION What are different types of governments? Explain
Local policies, rules, and regulations can have a significant effect on the success rate of
a business. Depending on how long a company expects to operate in a country and
how easy it is for business to enter and exit, a firm may also assess the country's
political risk and stability. -QUESTION What impacts does a political system have on
international trade and business?
Well Detailed Answers | Complete
Module Breakdown | 2026 Updated
Comprehensive Exam Prep | 100%
Correct
The key element of globalization is interdependence and interconnectedness among
companies and countries around the globe. Globalism is characterized by an increasing
number of worldwide connections, rapid and discontinuous change, an increasing
number of diverse participants, and growing complexity. -QUESTION What is
globalization?
economic: developed economies integrating with developing countries through foreign
direct investment, lowering the costs of doing business, reducing trade barriers, and, in
many cases, increasing cross-border migration.
political: globalization may ultimately reduce the importance of nation-states.
cultural: The spread of culture has added to processes such as commodity exchange
and colonization, which have a more extended history of carrying cultural meaning
around the globe. The circulation of cultures enables individuals to partake in extended
social relations that cross national and regional borders. -QUESTION What are the
economic, political, and cultural effects of globalization?
,any nonprofit, voluntary citizens' groups that are organized on a local, national, or
international level -QUESTION What is nongovernmental organization and how does it
impact government public policy across national boundaries?
International business encompasses a full range of cross-border exchanges of goods,
services, or resources across two or more nations. These exchanges can go beyond
the exchange of money for physical goods to include international transfers of other
resources such as people; intellectual property such as patents, copyrights, brand
trademarks, and data; and contractual assets or liabilities. Such assets or liabilities
include the right to use some foreign asset, provide some future service to overseas
customers, or execute a complex financial instrument. The entities involved in
international business range from large multinational firms with thousands of employees
doing business in many countries to a small one-person company acting as an importer
or exporter. This broader definition of international business also encompasses for-
profit, border-crossing transactions as well as transactions motivated by nonfinancial g -
QUESTION What are the features of international business?
- Exporting
- franchising
- joint ventures
- home-owned affiliates
- fully global ventures -QUESTION What are the different forms of international
business? Explain each form.
,1. market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets -QUESTION What are the 5 stages of entering a global
market? Explain each stage
market, cost, competition, government -QUESTION What are the 4 drivers of
globalization? Explain
unsaturated demand for new products, lower labor costs, less expensive natural
resources, and other inputs to products. -QUESTION What are the benefits and costs of
global expansion from MNCs' perspective?
1.0: the first stage of globalism and is pushed forward by nationalism and religion.
2.0: the second stage of globalization and is characterized by advances in methods of
transportation.
3.0: the third stage of globalization and is characterized by advancements across the
board, especially technology and communication. -QUESTION What are the
characteristics of each stage of globalization?
, Ethical issues, governmental policies, and economic restrictions are all likely when a
company moves into an unfamiliar global space. A multinational company may also face
infrastructural and technological challenges in a developing country. -QUESTION What
are the criticisms of globalization?
There are more than 13 major types of government, each of which consists of multiple
variations. At one end of the extremes of political ideologies is anarchism, which
contends that individuals should control political activities, and public government is
both unnecessary and unwanted. At the other extreme is totalitarianism, which contends
that every aspect of an individual's life should be controlled and dictated by a strong
central government.
Totalitarianism
Authoritarian
Monarchy
Democracy
Oligarchy
Dictatorship -QUESTION What are different types of governments? Explain
Local policies, rules, and regulations can have a significant effect on the success rate of
a business. Depending on how long a company expects to operate in a country and
how easy it is for business to enter and exit, a firm may also assess the country's
political risk and stability. -QUESTION What impacts does a political system have on
international trade and business?
