WGU D080 Managing in a Global Business
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Terms in this set (250)
A company is considering Cultural training
establishing a subsidiary in a new
host country and wishes to prepare
its expatriates to adapt to the local
environment.
How should this company prepare its
expatriates?
Negotiation
Operational training
Repatriation
Cultural Training
What happens to consumer surplus They increase
when tariffs and quotas are
discontinued?
Which type of tariff is put in place to Protective
specifically ensure that domestic
industries are given an advantage?
,What is a benefit of implementing a Reduced tariffs would result in lower costs of
system of free trade? imported raw materials.
How are free trade agreements Treaties must be approved by the Senate, whereas
handled differently than treaties in a free trade agreement must pass both houses of
the United States? Congress.
Treaties must be approved by the Tariffs
Senate, whereas a free trade
agreement must pass both houses of
Congress.
An airplane manufacturer outsources Value chain
the manufacture of some its parts
and sub-assemblies. They are then
returned to the manufacturer's main
plant for final assembly.
Country A exports more goods to Trade surplus
Country B than it imports from
Country B. Country A receives more
monetary gain by using this practice.
Which relationship does Country A
have with Country B?
Country A has been criticized by Government subsidies
other countries for giving generous
tax credits to its corn farmers, which
in turn, enables the country's farmers
to sell corn on the international
markets cheaper than all other
countries.
Which term is used by other
countries to describe this practice?
, A farmer knows that it takes 100 hours Opportunity
of labor to produce 100 bushels of
corn. It only takes 50 hours of labor
to produce 100 bushels of soy.
Currently, a bushel of corn is selling
at three times a bushel of soy.
Which type of cost should the farmer
use to determine what to plant?
A country produces goods more Absolute
efficiently than all other countries in
the same industry.
Which type of advantage does this
country have?
Country A exports farming Skill specialization
equipment to Country B, while
Country B exports car manufacturing
equipment to Country A. Both
countries are highly developed and
could develop these industries
separately but instead made the
decision to export and import these
products from each other.
Which unique condition caused this
practice between the two countries?
Environment | ACTUAL QUESTIONS AND
CORRECT DETAILED ANSWERS | ALREADY
SCORED A+ | NEWLY UPDATED
Save
Terms in this set (250)
A company is considering Cultural training
establishing a subsidiary in a new
host country and wishes to prepare
its expatriates to adapt to the local
environment.
How should this company prepare its
expatriates?
Negotiation
Operational training
Repatriation
Cultural Training
What happens to consumer surplus They increase
when tariffs and quotas are
discontinued?
Which type of tariff is put in place to Protective
specifically ensure that domestic
industries are given an advantage?
,What is a benefit of implementing a Reduced tariffs would result in lower costs of
system of free trade? imported raw materials.
How are free trade agreements Treaties must be approved by the Senate, whereas
handled differently than treaties in a free trade agreement must pass both houses of
the United States? Congress.
Treaties must be approved by the Tariffs
Senate, whereas a free trade
agreement must pass both houses of
Congress.
An airplane manufacturer outsources Value chain
the manufacture of some its parts
and sub-assemblies. They are then
returned to the manufacturer's main
plant for final assembly.
Country A exports more goods to Trade surplus
Country B than it imports from
Country B. Country A receives more
monetary gain by using this practice.
Which relationship does Country A
have with Country B?
Country A has been criticized by Government subsidies
other countries for giving generous
tax credits to its corn farmers, which
in turn, enables the country's farmers
to sell corn on the international
markets cheaper than all other
countries.
Which term is used by other
countries to describe this practice?
, A farmer knows that it takes 100 hours Opportunity
of labor to produce 100 bushels of
corn. It only takes 50 hours of labor
to produce 100 bushels of soy.
Currently, a bushel of corn is selling
at three times a bushel of soy.
Which type of cost should the farmer
use to determine what to plant?
A country produces goods more Absolute
efficiently than all other countries in
the same industry.
Which type of advantage does this
country have?
Country A exports farming Skill specialization
equipment to Country B, while
Country B exports car manufacturing
equipment to Country A. Both
countries are highly developed and
could develop these industries
separately but instead made the
decision to export and import these
products from each other.
Which unique condition caused this
practice between the two countries?
