WGU D080 LATTEST UPDATE 2024-2025
QUESTIONS AND ANSWERS 100% CORRECT
Globalization - ANSWER: Worldwide interconnections in virtually every sphere of activity including
the spread of products, technology, information, and job opportunities. Can result in blurred
boundaries between nations, organizations, and investors
nongovernmental organizations (NGOs) - ANSWER: Not for profit organizations that are
independent of the government and are active in humanitarian causes
Economic - ANSWER:type of globalization refers to the international movement of goods, capital, and
services
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
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
Economies of scale - ANSWER: A proportionate savings in costs gained by an increased level of
production
Economies of scope - ANSWER: To develop efficiencies in terms of variety not volumeCost : 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?
,WGU D080 LATTEST UPDATE 2024-2025
QUESTIONS AND ANSWERS 100% CORRECT
Six Sigma - ANSWER: A method that provides tools for organizations to increase performance and
decrease process variation
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?
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
Market - ANSWER: Which type of economy is decentralized and allows firms and households to
participate in global trade with minimum governmental interference?
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?
, WGU D080 LATTEST UPDATE 2024-2025
QUESTIONS AND ANSWERS 100% CORRECT
Common - ANSWER: In which legal system does a judge decide the applicable law for the case as a
jury determines the facts?
Common law - ANSWER: 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.
Religious law - ANSWER: 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.
balance of payments - ANSWER: The difference in total value between payments into and out of the
country over a period of time
fixed-rate currency exchange system - ANSWER: 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
World Bank - ANSWER: ~ 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
International Monetary Fund - ANSWER: ~ 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
~ Small: 2,300 staff members
~ Resources come from quota subscriptions or membership fees
QUESTIONS AND ANSWERS 100% CORRECT
Globalization - ANSWER: Worldwide interconnections in virtually every sphere of activity including
the spread of products, technology, information, and job opportunities. Can result in blurred
boundaries between nations, organizations, and investors
nongovernmental organizations (NGOs) - ANSWER: Not for profit organizations that are
independent of the government and are active in humanitarian causes
Economic - ANSWER:type of globalization refers to the international movement of goods, capital, and
services
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
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
Economies of scale - ANSWER: A proportionate savings in costs gained by an increased level of
production
Economies of scope - ANSWER: To develop efficiencies in terms of variety not volumeCost : 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?
,WGU D080 LATTEST UPDATE 2024-2025
QUESTIONS AND ANSWERS 100% CORRECT
Six Sigma - ANSWER: A method that provides tools for organizations to increase performance and
decrease process variation
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?
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
Market - ANSWER: Which type of economy is decentralized and allows firms and households to
participate in global trade with minimum governmental interference?
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?
, WGU D080 LATTEST UPDATE 2024-2025
QUESTIONS AND ANSWERS 100% CORRECT
Common - ANSWER: In which legal system does a judge decide the applicable law for the case as a
jury determines the facts?
Common law - ANSWER: 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.
Religious law - ANSWER: 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.
balance of payments - ANSWER: The difference in total value between payments into and out of the
country over a period of time
fixed-rate currency exchange system - ANSWER: 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
World Bank - ANSWER: ~ 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
International Monetary Fund - ANSWER: ~ 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
~ Small: 2,300 staff members
~ Resources come from quota subscriptions or membership fees
