MGT 302 UPDATED ACTUAL Exam Questions and CORRECT Answers
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Course
MGT 302
Institution
MGT 302
MGT 302 UPDATED ACTUAL Exam
Questions and CORRECT Answers
Decoupling - CORRECT ANSWER- a fundamental global shift in which industrialized
country-dependent developing economies begin to grow based on their own underlying
economic strengths rather than the ups and downs of the world's richest...
MGT 302 UPDATED ACTUAL Exam
Questions and CORRECT Answers
Decoupling - CORRECT ANSWER- ✔✔a fundamental global shift in which industrialized
country-dependent developing economies begin to grow based on their own underlying
economic strengths rather than the ups and downs of the world's richest countries
Institutions - CORRECT ANSWER- ✔✔the rules, enforcement mechanisms, and
organizations that support market transactions
Antitrust Laws - CORRECT ANSWER- ✔✔national laws aimed at maintaining competition
in all sectors of the economy and preventing monopolistic behavior of firms
Globalization - CORRECT ANSWER- ✔✔the socio-economic reform process of eliminating
trade, investment, cultural, information technology, and political barriers across countries,
which in turn can lead to increased economic growth and geo-political integration and
interdependence among nations of the world
International Monetary System - CORRECT ANSWER- ✔✔the system of exchange rates
and international payments that enables countries and their citizens to purchase goods and
services from one other
Economic Reforms - CORRECT ANSWER- ✔✔economic policy changes that promote
private sector development, competitive markets, market-pricing, freer trade, and
deregulation
Emerging Market Economies - CORRECT ANSWER- ✔✔countries that are implementing
more open trade and free-market policies
Capital Markets - CORRECT ANSWER- ✔✔a stock exchange where longterm financial
instruments such as stocks and bonds can be bought and sold
Digital Era - CORRECT ANSWER- ✔✔the period of transformation that adjusts lifestyles to
make the Internet and wireless technologies a part of everyday life
, Accountability - CORRECT ANSWER- ✔✔a system of responsibility in which an authority,
such as the government, is answerable for its actions
Multi-polar World - CORRECT ANSWER- ✔✔a world economy in which the engines of
growth could comprise several major industrialized and emerging market economies such as
the United States, the European Union, China, India, Brazil, Russia, and South Africa rather
than the United States alone
Digital Divide - CORRECT ANSWER- ✔✔the perceived economic gap between countries or
people with easy access to digital and information technology (and its benefits) and those
with very limited access, or none at all
transparency - CORRECT ANSWER- ✔✔a system of full disclosure and openness that aims
to avoid any semblance of corruption and cronyism
Adaptive institutions - CORRECT ANSWER- ✔✔government organizations that create
strong incentives for private investment and operate under a system of checks and balances
Bandwidth - CORRECT ANSWER- ✔✔the amount of data and other information that can be
transferred in a second via the Internet
Sustainable Development - CORRECT ANSWER- ✔✔economic development that meets the
needs of the present generation without compromising the ability of future generations to
meet their own needs, whether environmentally, socially, or economically
Liberalization of the trading system - CORRECT ANSWER- ✔✔lowering and/or removing
trade barriers such as tariffs, quotas, and subsidies
The web - CORRECT ANSWER- ✔✔the world wide web, abbreviated as "www" and
commonly known as the web; a system of interlinked documents contained and accessed via
the Internet
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