100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
WGU D080 Managing in a Global Business Environment Exam Study Questions and Answers $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Practice Tests
  4.  
  5. Practice Tests

Exam (elaborations)

WGU D080 Managing in a Global Business Environment Exam Study Questions and Answers
 3 views  0 purchase
  • Course
  • Practice Tests
  • Institution
  • Practice Tests

WGU D080 Managing in a Global Business Environment Exam Study Questions and Answers A company is considering 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 O...

[Show more]

Preview 4 out of 66  pages

Document information

  • November 4, 2024
  • 66
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wgu d080 managing in a global business environment

Written for

  • Practice Tests
  • Practice Tests

Seller

avatar-seller
KaylinHoffman

Content preview

Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




WGU D080 Managing in a Global Business

Environment Exam Study Questions and

Answers


A company is considering 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 - ANSWER✔✔-Cultural training


What happens to consumer surplus when tariffs and quotas are discontinued? - ANSWER✔✔-They

increase


Which type of tariff is put in place to specifically ensure that domestic industries are given an advantage?

- ANSWER✔✔-Protective


What is a benefit of implementing a system of free trade? - ANSWER✔✔-Reduced tariffs would result in

lower costs of imported raw materials.



Copyright ©Stuvia International BV 2010-2024 Page 1/66

,Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


How are free trade agreements handled differently than treaties in the United States? - ANSWER✔✔-

Treaties must be approved by the Senate, whereas a free trade agreement must pass both houses of

Congress.


Treaties must be approved by the Senate, whereas a free trade agreement must pass both houses of

Congress. - ANSWER✔✔-Tariffs


An airplane manufacturer outsources the manufacture of some its parts and sub-assemblies. They are

then returned to the manufacturer's main plant for final assembly. - ANSWER✔✔-Value chain


Country A exports more goods to 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? - ANSWER✔✔-Trade surplus


Country A has been criticized by 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? - ANSWER✔✔-Government subsidies


A farmer knows that it takes 100 hours 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? - ANSWER✔✔-Opportunity


A country produces goods more efficiently than all other countries in the same industry.


Which type of advantage does this country have? - ANSWER✔✔-Absolute




Copyright ©Stuvia International BV 2010-2024 Page 2/66

,Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


Country A exports farming 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? - ANSWER✔✔-Skill

specialization


A company produces the same product over and over, and it has caused the manufacturing cost of the

product to become cheaper and more competitive in international markets than similar products in the

industry.


Which approach is this company using to achieve this ability? - ANSWER✔✔-Economies of scale


A country with a new economy implemented trade protectionism in relation to countries with more

developed economies.


Why did the country take this action? - ANSWER✔✔-To restrict international economic trade


How do anti dumping laws protect a domestic market? - ANSWER✔✔-They prevent foreign companies

from selling goods and services at or below cost.


How do Congress and the Department of Agriculture use quotas to their advantage? - ANSWER✔✔-To

increase domestic prices to specific levels to make products profitable


Which strategy should a government use to offset the cost of manufacturing domestically? -

ANSWER✔✔-Subsidies


Which type of globalization refers to the international movement of goods, capital, and services? -

ANSWER✔✔-Economic




Copyright ©Stuvia International BV 2010-2024 Page 3/66

, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


The CEO of an international company reminds the executive vice presidents that while the company may

do good while performing corporate social responsibilities, the business has one ultimate goal since it is

engaged in commercial activities with corporate shareholders.


Which ultimate goal is the CEO emphasizing to the executive vice presidents? - ANSWER✔✔-Profitability


A CEO decides to expand the company's business internationally by purchasing production capability in

another country, including the foreign country's buildings and equipment.


Which type of market entry is the CEO using? - ANSWER✔✔-Direct investment


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? - ANSWER✔✔-Cost


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? - ANSWER✔✔-

Infrastructure


Which argument is used by critics who wish to discourage movement towards globalization? -

ANSWER✔✔-It increases the wealth of the rich rather than the poor


Anarchism - ANSWER✔✔-Individuals control political activities, and the government has no control over

these activities




Copyright ©Stuvia International BV 2010-2024 Page 4/66

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller KaylinHoffman. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart