WGU D080 Managing in a Global Business
Environment Actual Exam Study Questions
with 100% Correct Answers | Latest Edition
1. Globalization - ANSWER Worldwide interconnections in virtually every
sphere of activity including the spread of products, technology, information,
and job opportunities. Globalization can result in blurred boundaries
between nations, organizations, and investors
2. A CEO seeks to better use the economies of scale and scope of production to
increase the international company's profits.
Which type of globalization driver is the CEO seeking to use? - ANSWER
Cost
3. A CEO is discussing an expansion of production of a company's highly
perishable dairy line in a country that can offer low labor costs and good
internet connections. The country has no highways, and roads are poorly
maintained.
4. Which challenge to international business expansion do the road conditions
present? - ANSWER Infrastructure
5. Six Sigma - ANSWER A method that provides tools for organizations to
increase performance and decrease process variation
6. Which factor of CAGE addresses differences in country size that affect
barriers to globalization? - ANSWER Economics
7. Gini coefficient - ANSWER Measures the inequality among values of a
frequency distribution such as levels of income
,8. Happy Planet Index - ANSWER Measures how well nations are doing at
achieving long, happy, sustainable lives
9. Which argument is used by critics who wish to discourage movement
towards globalization? - ANSWER It increases the wealth of the rich rather
than the poor.
10.gross domestic product (GDP) - ANSWER The total value of goods and
services provided in a country in a one-year period
11.gross national product (GNP) - ANSWER The total value of goods and
services provided by a country, both inside and outside of its borders, in a
one-year period
12.Which type of economy is decentralized and allows firms and households to
participate in global trade with minimum governmental interference? -
ANSWER Market
13.Which type of legal system is based on a code and focuses on how the law is
applied to the facts? - ANSWER Civil
14.Which law is based on tradition and precedent given that judicial rulings can
stand as precedents for future cases? - ANSWER Common
15.Which legal system can vary from community to community and is found in
countries without strong formal justice systems? - ANSWER Customary
,16.In which legal system does a judge decide the applicable law for the case as
a jury determines the facts? - ANSWER Common
17.trade - ANSWER The action of buying and selling goods and services
18.capital - ANSWER Financial assets such as funds but also equipment,
facilities, and other means of production
19.outsource - ANSWER To obtain goods or services from an outside or
foreign supplier
20.nongovernmental organizations (NGOs) - ANSWER Not for profit
organizations that are independent of the government and are active in
humanitarian causes
21.Which type of globalization refers to the international movement of goods,
capital, and services? - ANSWER Economic
22.patents - ANSWER Protects inventions and improvements to existing
inventions for a limited period of time in exchange for detailed public
disclosure of those inventions
23.copyrights - ANSWER A government authority or license giving the owner
of an invention the right to exclude others from making or selling the
invention for a set period of time
24.trademarks - ANSWER Protection for any word, name, symbol, device, or
any combination used in commerce to identify and distinguish the goods of
one manufacturer or seller from goods manufactured or sold by others
, 25.assets - ANSWER A useful or valuable thing; something you own such as
building, inventory, or cash
26.liabilities - ANSWER Being responsible for a debt or financial obligation,
something you owe
27.financial instrument - ANSWER A monetary contract between parties
28.multinational firms - ANSWER A large corporation incorporated in one
country which produces or sells goods or services in various countries
29.The 5 Stages of going Global - ANSWER Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
30.Economies of scale - ANSWER A proportionate savings in costs gained by
an increased level of production
31.Economies of scope - ANSWER To develop efficiencies in terms of variety
not volume
32.A CEO seeks to better use the economies of scale and scope of production to
increase the international company's profits.
Which type of globalization driver is the CEO seeking to use? - ANSWER
Cost
Environment Actual Exam Study Questions
with 100% Correct Answers | Latest Edition
1. Globalization - ANSWER Worldwide interconnections in virtually every
sphere of activity including the spread of products, technology, information,
and job opportunities. Globalization can result in blurred boundaries
between nations, organizations, and investors
2. A CEO seeks to better use the economies of scale and scope of production to
increase the international company's profits.
Which type of globalization driver is the CEO seeking to use? - ANSWER
Cost
3. A CEO is discussing an expansion of production of a company's highly
perishable dairy line in a country that can offer low labor costs and good
internet connections. The country has no highways, and roads are poorly
maintained.
4. Which challenge to international business expansion do the road conditions
present? - ANSWER Infrastructure
5. Six Sigma - ANSWER A method that provides tools for organizations to
increase performance and decrease process variation
6. Which factor of CAGE addresses differences in country size that affect
barriers to globalization? - ANSWER Economics
7. Gini coefficient - ANSWER Measures the inequality among values of a
frequency distribution such as levels of income
,8. Happy Planet Index - ANSWER Measures how well nations are doing at
achieving long, happy, sustainable lives
9. Which argument is used by critics who wish to discourage movement
towards globalization? - ANSWER It increases the wealth of the rich rather
than the poor.
10.gross domestic product (GDP) - ANSWER The total value of goods and
services provided in a country in a one-year period
11.gross national product (GNP) - ANSWER The total value of goods and
services provided by a country, both inside and outside of its borders, in a
one-year period
12.Which type of economy is decentralized and allows firms and households to
participate in global trade with minimum governmental interference? -
ANSWER Market
13.Which type of legal system is based on a code and focuses on how the law is
applied to the facts? - ANSWER Civil
14.Which law is based on tradition and precedent given that judicial rulings can
stand as precedents for future cases? - ANSWER Common
15.Which legal system can vary from community to community and is found in
countries without strong formal justice systems? - ANSWER Customary
,16.In which legal system does a judge decide the applicable law for the case as
a jury determines the facts? - ANSWER Common
17.trade - ANSWER The action of buying and selling goods and services
18.capital - ANSWER Financial assets such as funds but also equipment,
facilities, and other means of production
19.outsource - ANSWER To obtain goods or services from an outside or
foreign supplier
20.nongovernmental organizations (NGOs) - ANSWER Not for profit
organizations that are independent of the government and are active in
humanitarian causes
21.Which type of globalization refers to the international movement of goods,
capital, and services? - ANSWER Economic
22.patents - ANSWER Protects inventions and improvements to existing
inventions for a limited period of time in exchange for detailed public
disclosure of those inventions
23.copyrights - ANSWER A government authority or license giving the owner
of an invention the right to exclude others from making or selling the
invention for a set period of time
24.trademarks - ANSWER Protection for any word, name, symbol, device, or
any combination used in commerce to identify and distinguish the goods of
one manufacturer or seller from goods manufactured or sold by others
, 25.assets - ANSWER A useful or valuable thing; something you own such as
building, inventory, or cash
26.liabilities - ANSWER Being responsible for a debt or financial obligation,
something you owe
27.financial instrument - ANSWER A monetary contract between parties
28.multinational firms - ANSWER A large corporation incorporated in one
country which produces or sells goods or services in various countries
29.The 5 Stages of going Global - ANSWER Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
30.Economies of scale - ANSWER A proportionate savings in costs gained by
an increased level of production
31.Economies of scope - ANSWER To develop efficiencies in terms of variety
not volume
32.A CEO seeks to better use the economies of scale and scope of production to
increase the international company's profits.
Which type of globalization driver is the CEO seeking to use? - ANSWER
Cost
