Global business fvc1 wgu Study guides, Class notes & Summaries

Which of the following is a characteristic of globalization? - Culture How do major international institutions facilitate globalization? - By creating an international monetary system What do countries with politicians that sustain transparency in global competition tend to have? - A competitive market structures. What helps make globalization sustainable? - Transparency in government policy What do property rights enable buyers and sellers to do? - Conduct transactions with a high degree...

WGU Global Business FVC1 V2 and D080 Module 1-4 (Questions & Answers)

WGU Global Business FVC1 V2 and D080 Module 1-4.

Globalization encompasses the socio-economic reform process of eliminating trade, investment, cultural, information technology, and political barriers across countries, which could lead to increased economic growth and geo-political integration and interdependence among nations of the world. a. True b. False correct answer: Ch. 1 - True Globalization has always been and always will remain another word for "Westernization." a. True b. False correct answer: Ch. 1 - False Today,...

WGU Global Business FVC1 V2 and D080 Module 1-4 Exam Solved 100%

globalization correct answer: the socioeconomic reform process of eliminating trade, investment, information technology, and cultural and political barriers across countries, which in turn can lead to increased economic growth and geopolitical integration and interdependence among nations of the world emerging economies correct answer: countries that are implementing more open trade and free-market policies decoupling correct answer: a fundamental global shift in which industrialized co...

Globalization correct answer: International integration that occurs from interchange of world views, products, ideas, and other aspects of culture. Globalization Opportunities correct answer: *demand for new products *lower labor cost *less expensive natural resources *operate internationally to increase revenue and lower cost. Economic Effect on Globalization correct answer: *widespread international movement of goods, capital resources, services, information, etc. *countries are i...

Which negative outcome on political systems comes from globalization? correct answer: Creation of isolationist policies Which factor results in a higher rate of globalization? correct answer: Reduced trade barriers What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? correct answer: Loss of manufacturing jobs In which political system do individuals control all political activity, which eliminates the governmen...

What is globalization? - i international integration arises from the interchange of world views, products, ideas, and other aspects of culture. What are the economic effects of globalization - Trade Investment Information Technology What are the political effects of globalization - Recue the importance of nation-states NGOs What are the cultural effects of globalization - Transmission of ideas, meanings, and values around the world. What is International Business - Relates to any sit...