WGU D080 MANAGING IN A GLOBAL BUSINESS
ENVIRONMENT EXAM 2024 ACTUAL EXAM COMPLETE
400 QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY GRADED A+
Globalization - ANSWER: worldwide interconnections in virtually every sphere of
activity including the spread of products, technology, information, and job
opportunities. this can result in blurred boundaries between nations, organizations,
and investors
trade and transactions, capital and investment movements, the migration and
movement of people, and the dissemination of knowledge - ANSWER: four
fundamental aspects of globalization
trade - ANSWER: the action of buying and selling goods and services
capital - ANSWER: financial assets such as funds but also equipment, facilities, and
other means of production
outsource - ANSWER: to obtain goods or services from an outside or foreign supplier
globalization - ANSWER: Members of a work team are from many different countries.
They share their thoughts on developing a strategy to market a product in several
different countries.
What is the term for the international integration of the team members' exchange of
worldviews and ideas to develop the strategy?
social media platforms - ANSWER: example of technology as a driver of globalization
commercial air travel - ANSWER: example of transportation as a driver of
globalization
cultural trends - ANSWER: example of connection as a driver of globalization
wealthy inequity - ANSWER: example of something that is not a driver of
globalization
nongovernmental organizations - ANSWER: not for profit organizations that are
interdependent of the government and are active in humanitarian causes
Economic - ANSWER: Which type of globalization refers to the international
movement of goods, capital, and services?
,patents - ANSWER: protects inventions and improvements to existing inventions for
a limited period of time in exchange for detailed public disclosure of those inventions
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
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
assets - ANSWER: a useful or valuable thing; something you own such as building,
inventory, or cash
liabilities - ANSWER: being responsible for a debt or financial obligation, something
you owe
financial instrument - ANSWER: a monetary contract between parties
multinational firms - ANSWER: a large corporation incorporated in one country
which produces or sells goods or services in various countries
supply chain - ANSWER: the sequence of processes involved in the production and
distribution of a commodity
market entry - ANSWER: companies enter new countries
product specialization - ANSWER: full production to a single, low-cost location
value chain disaggregation - ANSWER: complete each activity in the most
advantageous location
value chain reengineering - ANSWER: companies seek further cost savings,
substituting lower cost labor for capital
creation of new markets - ANSWER: market expansion
profitability - ANSWER: The CEO of an international company reminds the executive
vice presidents that while the company may do good while performing corporate
social responsibilities, the business has one ultimate goal since it is engaged in
commercial activities with corporate shareholders.
Which ultimate goal is the CEO emphasizing to the executive vice presidents?
opportunities for scale - ANSWER: cost advantages due to an increase in the amount
of output and a decrease in the cost per unit
,economies of scale - ANSWER: a proportionate savings in costs gained by an
increased level of production
scope - ANSWER: to develop efficiencies in terms of variety not volume
cost - ANSWER: 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?
infrastructure - ANSWER: 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.
Which challenge to international business expansion do the road conditions present?
Six Sigma - ANSWER: a method that provides tools for organizations to increase
performance and decrease process variation
human capital - ANSWER: the education and skills of workers
Globalization 1.0 - ANSWER: this is the least desirable level of globalization to deal
with due to a lack of transportation and technology options
Globalization 2.0 - ANSWER: this stage of globalism leads to more access to
delivering goods on a worldwide platform due to advances in transportation
Globalization 3.0 - ANSWER: this is the most desirable level of globalism due to
advances in technology and communication, making global interactions and
transactions smoother
economics - ANSWER: Which factor is an element of a CAGE analysis when assessing
barriers to cross-border activity?
Economics - ANSWER: Which factor of CAGE addresses differences in country size
that affect barriers to globalization?
Gini coefficient - ANSWER: measures the inequality among values of a frequency
distribution such as levels of income
Happy Planet Index - ANSWER: measures how well nations are doing at achieving
long, happy, sustainable lives
it increases the wealth of the rich rather than the poor - ANSWER: Which argument
is used by critics who wish to discourage movement towards globalization?
, anarchism - ANSWER: individuals control political activities, and the government has
no control over these activities
dictatorship - ANSWER: a centralized gov't creates oppressive policies based on ideas
from powerful leadership
democracy - ANSWER: the gov't provides a country's citizens the freedom and rights
to vote for political leaders
oligarchy - ANSWER: a small, elite group of people hold the power
restrictions on freedom of speech - ANSWER: Which accommodation should an
American multinational company make to conduct business in China?
gross domestic product (GDP) - ANSWER: the total value of goods and services
provided in a country in a one-year period
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
underground economies - ANSWER: economic transactions that are deemed illegal
market - ANSWER: Which type of economy is decentralized and allows firms and
households to participate in global trade with minimum governmental interference?
mixed economic system - ANSWER: this system protects private property and is
driven by self-interest, and the government can intervene in the market as needed
market economic system - ANSWER: this system's production is controlled by private
owners who can choose to participate in global trade
command economic system - ANSWER: this system's property is publicly owned, and
the government controls economic production
civil - ANSWER: Which type of legal system is based on a code and focuses on how
the law is applied to the facts?
common - ANSWER: Which law is based on tradition and precedent given that
judicial rulings can stand as precedents for future cases?
customary - ANSWER: Which legal system can vary from community to community
and is found in countries without strong formal justice systems?
common - ANSWER: In which legal system does a judge decide the applicable law for
the case as a jury determines the facts?
ENVIRONMENT EXAM 2024 ACTUAL EXAM COMPLETE
400 QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY GRADED A+
Globalization - ANSWER: worldwide interconnections in virtually every sphere of
activity including the spread of products, technology, information, and job
opportunities. this can result in blurred boundaries between nations, organizations,
and investors
trade and transactions, capital and investment movements, the migration and
movement of people, and the dissemination of knowledge - ANSWER: four
fundamental aspects of globalization
trade - ANSWER: the action of buying and selling goods and services
capital - ANSWER: financial assets such as funds but also equipment, facilities, and
other means of production
outsource - ANSWER: to obtain goods or services from an outside or foreign supplier
globalization - ANSWER: Members of a work team are from many different countries.
They share their thoughts on developing a strategy to market a product in several
different countries.
What is the term for the international integration of the team members' exchange of
worldviews and ideas to develop the strategy?
social media platforms - ANSWER: example of technology as a driver of globalization
commercial air travel - ANSWER: example of transportation as a driver of
globalization
cultural trends - ANSWER: example of connection as a driver of globalization
wealthy inequity - ANSWER: example of something that is not a driver of
globalization
nongovernmental organizations - ANSWER: not for profit organizations that are
interdependent of the government and are active in humanitarian causes
Economic - ANSWER: Which type of globalization refers to the international
movement of goods, capital, and services?
,patents - ANSWER: protects inventions and improvements to existing inventions for
a limited period of time in exchange for detailed public disclosure of those inventions
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
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
assets - ANSWER: a useful or valuable thing; something you own such as building,
inventory, or cash
liabilities - ANSWER: being responsible for a debt or financial obligation, something
you owe
financial instrument - ANSWER: a monetary contract between parties
multinational firms - ANSWER: a large corporation incorporated in one country
which produces or sells goods or services in various countries
supply chain - ANSWER: the sequence of processes involved in the production and
distribution of a commodity
market entry - ANSWER: companies enter new countries
product specialization - ANSWER: full production to a single, low-cost location
value chain disaggregation - ANSWER: complete each activity in the most
advantageous location
value chain reengineering - ANSWER: companies seek further cost savings,
substituting lower cost labor for capital
creation of new markets - ANSWER: market expansion
profitability - ANSWER: The CEO of an international company reminds the executive
vice presidents that while the company may do good while performing corporate
social responsibilities, the business has one ultimate goal since it is engaged in
commercial activities with corporate shareholders.
Which ultimate goal is the CEO emphasizing to the executive vice presidents?
opportunities for scale - ANSWER: cost advantages due to an increase in the amount
of output and a decrease in the cost per unit
,economies of scale - ANSWER: a proportionate savings in costs gained by an
increased level of production
scope - ANSWER: to develop efficiencies in terms of variety not volume
cost - ANSWER: 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?
infrastructure - ANSWER: 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.
Which challenge to international business expansion do the road conditions present?
Six Sigma - ANSWER: a method that provides tools for organizations to increase
performance and decrease process variation
human capital - ANSWER: the education and skills of workers
Globalization 1.0 - ANSWER: this is the least desirable level of globalization to deal
with due to a lack of transportation and technology options
Globalization 2.0 - ANSWER: this stage of globalism leads to more access to
delivering goods on a worldwide platform due to advances in transportation
Globalization 3.0 - ANSWER: this is the most desirable level of globalism due to
advances in technology and communication, making global interactions and
transactions smoother
economics - ANSWER: Which factor is an element of a CAGE analysis when assessing
barriers to cross-border activity?
Economics - ANSWER: Which factor of CAGE addresses differences in country size
that affect barriers to globalization?
Gini coefficient - ANSWER: measures the inequality among values of a frequency
distribution such as levels of income
Happy Planet Index - ANSWER: measures how well nations are doing at achieving
long, happy, sustainable lives
it increases the wealth of the rich rather than the poor - ANSWER: Which argument
is used by critics who wish to discourage movement towards globalization?
, anarchism - ANSWER: individuals control political activities, and the government has
no control over these activities
dictatorship - ANSWER: a centralized gov't creates oppressive policies based on ideas
from powerful leadership
democracy - ANSWER: the gov't provides a country's citizens the freedom and rights
to vote for political leaders
oligarchy - ANSWER: a small, elite group of people hold the power
restrictions on freedom of speech - ANSWER: Which accommodation should an
American multinational company make to conduct business in China?
gross domestic product (GDP) - ANSWER: the total value of goods and services
provided in a country in a one-year period
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
underground economies - ANSWER: economic transactions that are deemed illegal
market - ANSWER: Which type of economy is decentralized and allows firms and
households to participate in global trade with minimum governmental interference?
mixed economic system - ANSWER: this system protects private property and is
driven by self-interest, and the government can intervene in the market as needed
market economic system - ANSWER: this system's production is controlled by private
owners who can choose to participate in global trade
command economic system - ANSWER: this system's property is publicly owned, and
the government controls economic production
civil - ANSWER: Which type of legal system is based on a code and focuses on how
the law is applied to the facts?
common - ANSWER: Which law is based on tradition and precedent given that
judicial rulings can stand as precedents for future cases?
customary - ANSWER: Which legal system can vary from community to community
and is found in countries without strong formal justice systems?
common - ANSWER: In which legal system does a judge decide the applicable law for
the case as a jury determines the facts?
