WGU D080 QUESTIONS AND ANSWERS .Buy Quality Materials!
A company would like to use a human resource approach that leads to more fluid
movement among employees and creates diversity in the workforce. Assignment
decisions are made jointly by the headquarters and the field offices.
Which human resource approach should be used by this company?
Geocentric
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
Globalization
The action of buying and selling goods and services
trade
Financial assets such as funds but also equipment, facilities, and other means of
production
capital
To obtain goods or services from an outside or foreign supplier
outsource
Not for profit organizations that are independent of the government and are active
in humanitarian causes
nongovernmental organizations (NGOs)
Which type of globalization refers to the international movement of goods,
capital, and services?
Economic
Protects inventions and improvements to existing inventions for a limited period
of time in exchange for detailed public disclosure of those inventions
patents
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
copyrights
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
trademarks
A useful or valuable thing; something you own such as building, inventory, or
cash
assets
Being responsible for a debt or financial obligation, something you owe
liabilities
A monetary contract between parties
financial instrument
A large corporation incorporated in one country which produces or sells goods
or services in various countries
multinational firms
5 stages of going global
,Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
A proportionate savings in costs gained by an increased level of production
Economies of scale
To develop efficiencies in terms of variety not volume
Economies of scope
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?
Cost
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?
Infrastructure
A method that provides tools for organizations to increase performance and
decrease process variation
Six Sigma
Which factor of CAGE addresses differences in country size that affect barriers to
globalization?
Economics
Measures the inequality among values of a frequency distribution such as levels
of income
Gini coefficient
Measures how well nations are doing at achieving long, happy, sustainable lives
Happy Planet Index
Which argument is used by critics who wish to discourage movement towards
globalization?
Increases the wealth of the rich and not the poor
The total value of goods and services provided in a country in a one-year period
gross domestic product (GDP)
The total value of goods and services provided by a country, both inside and
outside of its borders, in a one-year period
gross national product (GNP)
Which type of economy is decentralized and allows firms and households to
participate in global trade with minimum governmental interference?
Market
Which type of legal system is based on a code and focuses on how the law is
applied to the facts?
Civil
Which law is based on tradition and precedent given that judicial rulings can
stand as precedents for future cases?
, Common
Which legal system can vary from community to community and is found in
countries without strong formal justice systems?
Customary
In which legal system does a judge decide the applicable law for the case as a
jury determines the facts?
Common
Based on precedence. Any activity that is not clearly illegal may be acceptable.
The role of the judge is to hear arguments from both parties and make a
judgment. This judgment stands as precedent for future cases.
Common law
based on religious beliefs. One example is a requirement in Sharia that people
following Sharia may not borrow money. To compensate for the inability to take
on debt, an asset-based system has been established.
Religious law
The difference in total value between payments into and out of the country over a
period of time
balance of payments
When a country's currency value is fixed or pegged by a monetary authority
against the value of another currency, a basket of currencies, or another measure
of value
fixed-rate currency exchange system
~ Encourages developing countries to borrow for development projects
~ Developmental institution
~ Financed reconstruction after wars in the 1940s. It is now focused on
supporting developing countries
~ Large: 40 offices, over 10,000 staff
~ Investment bank owned by the governments of the 180 member nations
~ Borrows and loans
~ Borrowers must meet requirements to qualify for loans
World Bank
~ Oversees the international monetary system
~ Cooperative institution
~ In phase one, prior to 1973, regulated international exchange rates
In phase two, post-1973, provides a means for effective international currency
exchange, supervises economic policies, and provides financial assistance to
members
A company would like to use a human resource approach that leads to more fluid
movement among employees and creates diversity in the workforce. Assignment
decisions are made jointly by the headquarters and the field offices.
Which human resource approach should be used by this company?
Geocentric
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
Globalization
The action of buying and selling goods and services
trade
Financial assets such as funds but also equipment, facilities, and other means of
production
capital
To obtain goods or services from an outside or foreign supplier
outsource
Not for profit organizations that are independent of the government and are active
in humanitarian causes
nongovernmental organizations (NGOs)
Which type of globalization refers to the international movement of goods,
capital, and services?
Economic
Protects inventions and improvements to existing inventions for a limited period
of time in exchange for detailed public disclosure of those inventions
patents
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
copyrights
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
trademarks
A useful or valuable thing; something you own such as building, inventory, or
cash
assets
Being responsible for a debt or financial obligation, something you owe
liabilities
A monetary contract between parties
financial instrument
A large corporation incorporated in one country which produces or sells goods
or services in various countries
multinational firms
5 stages of going global
,Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
A proportionate savings in costs gained by an increased level of production
Economies of scale
To develop efficiencies in terms of variety not volume
Economies of scope
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?
Cost
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?
Infrastructure
A method that provides tools for organizations to increase performance and
decrease process variation
Six Sigma
Which factor of CAGE addresses differences in country size that affect barriers to
globalization?
Economics
Measures the inequality among values of a frequency distribution such as levels
of income
Gini coefficient
Measures how well nations are doing at achieving long, happy, sustainable lives
Happy Planet Index
Which argument is used by critics who wish to discourage movement towards
globalization?
Increases the wealth of the rich and not the poor
The total value of goods and services provided in a country in a one-year period
gross domestic product (GDP)
The total value of goods and services provided by a country, both inside and
outside of its borders, in a one-year period
gross national product (GNP)
Which type of economy is decentralized and allows firms and households to
participate in global trade with minimum governmental interference?
Market
Which type of legal system is based on a code and focuses on how the law is
applied to the facts?
Civil
Which law is based on tradition and precedent given that judicial rulings can
stand as precedents for future cases?
, Common
Which legal system can vary from community to community and is found in
countries without strong formal justice systems?
Customary
In which legal system does a judge decide the applicable law for the case as a
jury determines the facts?
Common
Based on precedence. Any activity that is not clearly illegal may be acceptable.
The role of the judge is to hear arguments from both parties and make a
judgment. This judgment stands as precedent for future cases.
Common law
based on religious beliefs. One example is a requirement in Sharia that people
following Sharia may not borrow money. To compensate for the inability to take
on debt, an asset-based system has been established.
Religious law
The difference in total value between payments into and out of the country over a
period of time
balance of payments
When a country's currency value is fixed or pegged by a monetary authority
against the value of another currency, a basket of currencies, or another measure
of value
fixed-rate currency exchange system
~ Encourages developing countries to borrow for development projects
~ Developmental institution
~ Financed reconstruction after wars in the 1940s. It is now focused on
supporting developing countries
~ Large: 40 offices, over 10,000 staff
~ Investment bank owned by the governments of the 180 member nations
~ Borrows and loans
~ Borrowers must meet requirements to qualify for loans
World Bank
~ Oversees the international monetary system
~ Cooperative institution
~ In phase one, prior to 1973, regulated international exchange rates
In phase two, post-1973, provides a means for effective international currency
exchange, supervises economic policies, and provides financial assistance to
members
