WGU C211 PRE-ASSESSMENT TEST WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Course
WGU C211
Institution
WGU C211
Which view claims that the phenomenon of globalization was initially driven by the desire of western economies to exploit their power through multinational enterprises? - Accurate Answerthe new-force view.
Economic gains come from international trade because one country's exported goods, service...
WGU C211 PRE-ASSESSMENT TEST
WGU C211 PRE-ASSESSMENT TEST 2024\2025 WITH GUARANTEED ACCURATE
ANSWERS |VERIFIED
Which view claims that the phenomenon of globalization was initially driven by
the desire of western economies to exploit their power through multinational
enterprises? - Accurate Answer✅✅the new-force view.
Economic gains come from international trade because one country's exported
goods, services, or other items are unique, valuable, and difficult to duplicate to the
importing countries?
Which view does this statement portray? - Accurate Answer✅✅Resource-based
view
What is the aggregation of importing and exporting that leads to the country-level
trade surplus or deficit? - Accurate Answer✅✅balance of trade
What is a cost of foreign direct investment? - Accurate Answer✅✅developing
countries may be exploited by multinational enterprises
,What may precious, rare, and hard-to-duplicate resources and capabilities lead to
for a firm? - Accurate Answer✅✅sustained comparative advantage
Which theory states that patterns of international trade change across new,
maturing, and standardized stages? - Accurate Answer✅✅Product life cycle
theory
What is the financial environment in which exchange rates and payments for goods
and services are conducted? - Accurate Answer✅✅International monetary system
What happens to a country's real exchange rate and nominal interest rate as the
price level increases, assuming all other factors are unchanged? - Accurate
Answer✅✅Exchange rates depreciate; interest rates increase
What is the easiest method nonfinancial companies use to handle currency
fluctuations? - Accurate Answer✅✅currency diversification
Which strategy minimizes the risk of unanticipated changes in future exchange
rates - Accurate Answer✅✅currency swap
A company is looking for a location with an abundance of ground-breaking
individuals, firms, and universities.
Which type of strategic goal is this company demonstrating? - Accurate
Answer✅✅innovation-seeking
What advantage comes with not sharing benefits with late entrants? - Accurate
Answer✅✅First-mover advantage
,Which entry mode is a non-equity agreement for a company contemplating entry
into a foreign market? - Accurate Answer✅✅Licensing
What size commitment is required for a non-equity mode of entry into a foreign
market? - Accurate Answer✅✅Small commitment
What are two supportive pillars for an informal institution - Accurate
Answer✅✅cognitive; normative
What is the key role of an institution, according to the institution-based view? -
Accurate Answer✅✅To reduce uncertainty
What are the rules, enforcement mechanisms, and organizations that support
market transactions? - Accurate Answer✅✅institutions
What is a core proposition underpinning an institutional-based view of global
business - Accurate Answer✅✅bounded rationality
In which type of political system do citizens elect representative to govern the
country on their behalf? - Accurate Answer✅✅democracy
Which legal system uses comprehensive lists of rules and written codes - Accurate
Answer✅✅civil law
What are the legal privileges associated with the use of economic property to
obtain income and other benefits from its use - Accurate Answer✅✅property
rights
, What is the purpose of having property rights and intellectual property rights? -
Accurate Answer✅✅to legally protect the use of tangible and intangible property
and allow its lawful owner to derive income and other benefits from it
What are the two polar types of economies - Accurate Answer✅✅centrally
planned; market
In addition to encouraging efficiency, why might a government intervene in a
market? - Accurate Answer✅✅To promote equality
What is the relationship between total and marginal cost - Accurate
Answer✅✅marginal cost is the change in total cost divided by the change in
quantity
A farmer sells wheat in a perfectly competitive market.
Which action should the farmer take to maximize profits? - Accurate
Answer✅✅Produce the quantity where the price equals the farmers marginal cost
What is the economic profit of a competitive firm - Accurate Answer✅✅the
difference between total revenue and total cost
Which condition applies when a competitive firm decides to temporarily shut
down? - Accurate Answer✅✅average variable costs are above the price
What is the producers demand curve if the producer sells a differentiated product -
Accurate Answer✅✅downward sloping
Which statement describes a competitive firms demand curve - Accurate
Answer✅✅it is more elastic than a monopolys demand curve
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