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WGU D080 with 100- correct answers
WGU D080 with 100- correct answers
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WGU D080 with 100% correctanswers
Globalization - answer Worldwide interconnections in virtually every
sphere of activity including the spread of products, technology,
information, and job opportunities. Globalization can result in blurred
boundaries between nations, organizations, and investors
trade - answer The action of buying and selling goods and services
capital - answer Financial assets such as funds but also equipment,
facilities, and other means of production
outsource - answer To obtain goods or services from an outside or
foreign supplier
nongovernmental organizations (NGOs) - answer Not for profit
organizations that are independent of the government and are active in
humanitarian causes
Which type of globalization refers to the international movement of goods,
capital, and services? - answer Economic
patents - answer Protects inventions and improvements to existing
inventions for a limited period of time in exchange for detailed public
disclosure of those inventions
copyrights - answer A government authority or license giving the owner
of an invention the right to exclude others from making or selling the
invention for a set period of time
,trademarks - answer Protection for any word, name, symbol, device, or
any combination used in commerce to identify and distinguish the goods
of one manufacturer or seller from goods manufactured or sold by others
assets - answer A useful or valuable thing; something you own such as
building, inventory, or cash
liabilities - answer Being responsible for a debt or financial obligation,
something you owe
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 volume
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 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
Six Sigma - answer A method that provides tools for organizations to
increase performance and decrease process variation
Which factor of CAGE addresses differences in country size that affect
barriers to globalization? - answer Economics
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
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.
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
, Which type of economy is decentralized and allows firms and households
to participate in global trade with minimum governmental interference? -
answer Market
Which type of legal system is based on a code and focuses on how the law
is applied to the facts? - answer Civil
Which law is based on tradition and precedent given that judicial rulings
can stand as precedents for future cases? - answer Common
Which legal system can vary from community to community and is found
in countries without strong formal justice systems? - answer Customary
In which legal system does a judge decide the applicable law for the case
as a jury determines the facts? - answer Common
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
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