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WGU C211 Pre-OA #1 Exam Questions And Answers
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WGU C211 Pre-OA #1 Exam QuestionsAnd Answers
The resource-based view of global business differs from the
institution-based view of global business in that the resource-based
view _____.
a. advocates adopting a single method for achieving globalization
b. supports the ideology of total globalization
c. postulates the ideology of localization
d. focuses on the internal strengths on the firm - - correct answer
✅d.)
Which of the following is true of globalization according to the
"pendulum view" perspective?
a. Globalization is a recent phenomenon of human trade.
b. Globalization is being interrupted by artificial barriers to the
flows of goods, services, capital, and knowledge.
c. Globalization is a Western ideology focused on exploiting and
dominating the world through MNEs.
d. Globalization is a not a one-directional phenomenon - - correct
answer ✅d.)
The _____ of globalization suggests that globalization is neither
recent nor one-directional.
a. pendulum view
,WGU C211 Pre-OA #1 Exam Questions
And Answers
b. long-run historical view
c. colonial view
d. new-force view - - correct answer ✅a.)
Which of the following is true of semiglobalization?
a. It is a type of globalization that lies between total isolation and
total globalization.
b. It is a form of globalization that considers each nation in isolation
when conducting business.
c. It is a type of globalization that adopts a strategy of treating the
entire world as one market.
d. It is a form of globalization that treats each country as a unique
market. - - correct answer ✅a.)
Globalization can be viewed as:
a. A new force sweeping through the world in recent times.
b. A long-run historical evolution since the dawn of human history.
c. A pendulum that swings from one extreme to another from time
to time.
d. All of these answers. - - correct answer ✅d.)
, WGU C211 Pre-OA #1 Exam Questions
And Answers
Name the three views of globalization.
a. A recent force, a long-running evolution, and a pendulum
b. Economic, political, and geographic
c. Profits, losses, and total sales
d. Past, present, and future - - correct answer ✅a.)
The _____ theory viewed international trade as a zero-sum game.
a. comparative advantage
b. strategic trade
c. national competitive advantage of industries
d. mercantilism - - correct answer ✅d.)
The _____ principle advocated that governments should actively
protect domestic industries from imports and vigorously promote
exports.
a. comparative advantage
b. absolute advantage
c. factor endowment
d. protectionism - - correct answer ✅d.)
Which of the following is a modern trade theory?
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