WGU D080 Terms With Answers 2023/2024

AAA ratings - Answer The highest possible rating that may be assigned by a credit rating agency for a bond absolute quota - Answer A quota that strictly limits the quantity of goods that may enter a country . Ad valorem tariffs - Answer Import taxes based on a fixed percentage of the assessed commercial value of imported goods algorithms - Answer A process or set of rules to be followed in calculations especially by a computer agility - Answer ability to move quickly and easily antimonopoly laws - Answer Consumer protection policy used to limit unfair business practices related to competition and control of prices antitrust laws - Answer Consumer protection policy used to limit unfair business practices related to competition and control of prices Apple Inc. vs. Pepper - Answer Antitrust court case in which a group of iPhone users have accused Apple of monopolistic practices via the App store artificial intelligence (AI) - Answer Any type of computer that engages in humanlike activities assets - Answer A useful or valuable thing; something you own such as building, inventory, or cash autarky - Answer A political or economic system that becomes self-sufficient to survive . balance of payments - Answer The difference in total value between payments into and out of the country over a period of time barriers to entry - Answer The obstacles that make it difficult for a new company to enter a given market. These barriers may include technology challenges, high startup costs, or government regulations brand - Answer A type of product made by a particular company under a particular name broadband - Answer Any type of high-speed wired or wireless communication Business ethics - Answer The contemporary standards or sets of values that govern the actions and behavior of individuals in the business organization and the actions of the business itself centralization - Answer The degree to which decision-making authority is concentrated at higher levels in an organization and business functions controlled in a central location centralized companies - Answer Companies with structures that limit decision- making to higher levels in the organizational hierarchy