Page | 1
C211 - GLOBAL ECONOMICS FOR
MANAGERS FINAL EXAM - ALL READING
2025| BRAND NEW ACTUAL EXAM WITH
100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED
VALUE PACK| ACE YOUR GRADES.
1. Base of the pyramid (BOP) - correct answer - Economies
where people make less than $2,000 per capita per year.
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2. BRICA - correct answer - Brazil, Russia, India, and China.
3. Emerging economies - correct answer - term that has gradually
replaced the term "developing countries" since the 1990s.
4. Emerging markets - correct answer - A term that is often used
interchangeably with "emerging economies."
5. Expatriate manager - correct answer - A manager who works
abroad, or "expat" for short.
6. Foreign direct investment (FDI) - correct answer - Investment
in, controlling, and managing value-added activities in other
countries.
7. Global Business - correct answer - Business around the globe.
8. Gross national income (GNI) - correct answer - GDP plus
income from non-resident sources abroad. The term used by
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the World Bank and other international organizations to
supersede the term GNP.
9. Gross national product (GNP) - correct answer - GDP plus
income from non-resident sources abroad
10. International business (IB) - correct answer - (1) A business
(or firm) that engages in international (cross-border) economic
activities and/or (2) the action of doing business abroad.
11. International premium - correct answer - A significant pay
raise when working overseas.
12. Liability of foreignness - correct answer - The inherent
disadvantage that foreign firms experience in host countries
because of their non-native status.
13. Multinational enterprise (MNE) - correct answer - A firm that
engages in foreign direct investment (FDI).
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14. Reverse innovation - correct answer - An innovation that is
adopted first in emerging economies and is then diffused
around the world.
15. Risk management - correct answer - The identification and
assessment of risks and the preparation to minimize the impact
of high-risk, unfortunate events.
16. Scenario planning - correct answer - A technique to prepare
and plan for multiple scenarios (either high or low risk).
17. Purchasing power parity (PPP) - correct answer - adjustment
made to the GDP to reflect differences in the cost of living
18. The bottom billion - correct answer - Concentrated in Africa
and Central Asia - 58 small countries, stuck at the bottom in
terms of growth, incomes and human development
19. Enhance employability & advance career, better preparation
to be expat, competence in interacting with foreign
C211 - GLOBAL ECONOMICS FOR
MANAGERS FINAL EXAM - ALL READING
2025| BRAND NEW ACTUAL EXAM WITH
100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED
VALUE PACK| ACE YOUR GRADES.
1. Base of the pyramid (BOP) - correct answer - Economies
where people make less than $2,000 per capita per year.
, Page | 2
2. BRICA - correct answer - Brazil, Russia, India, and China.
3. Emerging economies - correct answer - term that has gradually
replaced the term "developing countries" since the 1990s.
4. Emerging markets - correct answer - A term that is often used
interchangeably with "emerging economies."
5. Expatriate manager - correct answer - A manager who works
abroad, or "expat" for short.
6. Foreign direct investment (FDI) - correct answer - Investment
in, controlling, and managing value-added activities in other
countries.
7. Global Business - correct answer - Business around the globe.
8. Gross national income (GNI) - correct answer - GDP plus
income from non-resident sources abroad. The term used by
, Page | 3
the World Bank and other international organizations to
supersede the term GNP.
9. Gross national product (GNP) - correct answer - GDP plus
income from non-resident sources abroad
10. International business (IB) - correct answer - (1) A business
(or firm) that engages in international (cross-border) economic
activities and/or (2) the action of doing business abroad.
11. International premium - correct answer - A significant pay
raise when working overseas.
12. Liability of foreignness - correct answer - The inherent
disadvantage that foreign firms experience in host countries
because of their non-native status.
13. Multinational enterprise (MNE) - correct answer - A firm that
engages in foreign direct investment (FDI).
, Page | 4
14. Reverse innovation - correct answer - An innovation that is
adopted first in emerging economies and is then diffused
around the world.
15. Risk management - correct answer - The identification and
assessment of risks and the preparation to minimize the impact
of high-risk, unfortunate events.
16. Scenario planning - correct answer - A technique to prepare
and plan for multiple scenarios (either high or low risk).
17. Purchasing power parity (PPP) - correct answer - adjustment
made to the GDP to reflect differences in the cost of living
18. The bottom billion - correct answer - Concentrated in Africa
and Central Asia - 58 small countries, stuck at the bottom in
terms of growth, incomes and human development
19. Enhance employability & advance career, better preparation
to be expat, competence in interacting with foreign
