Wgu d080 stuvia - Study guides, Class notes & Summaries

Which negative outcome on political systems comes from globalization? - ANSWER - Creation of isolationist policies Which factor results in a higher rate of globalization? - ANSWER - Reduced trade barriers What are the four factors in Ghemawat's CAGE analysis? - ANSWER - Culture, administration, geography, economy What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? - ANSWER - Loss of manufacturing jobs A count...

How do monopolies hurt consumers? - ANSWER - lack of economic competition, corporations have the ability to raise the market price without losing customers to competition. _________________ are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. - ANSWER - anti-trust laws ? - ANSWER - Pure competition A sole, national telephone company was found violating antitrust laws and was forced to separate into regional companies. W...

AAA ratings - ANSWER - The highest possible rating that may be assigned by a credit rating agency for a bond absolute quota - ANSWER - A quota that strictly limits the quantity of goods that may enter a country. Ad valorem tariffs - ANSWER - Import taxes based on a fixed percentage of the assessed commercial value of imported goods agility - ANSWER - Ability to move quickly and flexibly algorithms - ANSWER - A process or set of rules to be followed in calculations especially by a com...

What is globalization? - ANSWER - the growing global economic, cultural, and political integration and interaction what business opportunities are presented by globalization? - ANSWER - economic growth, spread of technology and innovation, lower cost of products, access to new markets what are the economic effects of globalization? - ANSWER - reduces cost of manufacturing, consumers have a wider variety of goods what are the political effects of globalization? - ANSWER - reduced importa...

What is globalization? - ANSWER - The key element of globalization is interdependence and interconnectedness among companies and countries around the globe. Globalism is characterized by an increasing number of worldwide connections, rapid and discontinuous change, an increasing number of diverse participants, and growing complexity. What are the economic, political, and cultural effects of globalization? - ANSWER - economic: developed economies integrating with developing countries through f...

What is globalization? - ANSWER - the growing global economic, cultural, and political integration and interaction what business opportunities are presented by globalization? - ANSWER - economic growth, spread of technology and innovation, lower cost of products, access to new markets what are the economic effects of globalization? - ANSWER - reduces cost of manufacturing, consumers have a wider variety of goods what are the political effects of globalization? - ANSWER - reduced importa...

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 - ANSWERS - Cultural training What happens to consumer surplus when tariffs and quotas are discontinued? - ANSWERS - They increase Which type of tariff is put in place to specifically ensure that domestic industries are given an...

Nowadays, countries have joined different international organizations as well as regional organizations and have signed agreements to follow the organization's rules. This is due to______. * - ANSWER - Political globalization General Motor in recent years have gradually moved its production facilities to Mexico and have lowered the production cost significantly. This is a benefit brought by_________. - ANSWER - Economic globalization Over many years, the Ireland government has made a cons...

What is globalization? - ANSWER - When international integration arises from the interchange of world views, products, ideas, and other aspects of cultures. different types of Globalization - ANSWER - 1. Economic 2. Political 3. Cultural Advantages of Economic globalization - ANSWER - more trade, investments, information technology, faster economic development, and increased social being Disadvantages of Economic globalization - ANSWER - benefits the rich at the expense of the poor,...

AAA ratings - ANSWER - The highest possible rating that may be assigned by a credit rating agency for a bond absolute quota - ANSWER - A quota that strictly limits the quantity of goods that may enter a country. Ad valorem tariffs - ANSWER - Import taxes based on a fixed percentage of the assessed commercial value of imported goods agility - ANSWER - Ability to move quickly and flexibly algorithms - ANSWER - A process or set of rules to be followed in calculations especially by a com...