Wgu c211 competency - Study guides, Class notes & Summaries

C211 (Global Economics for Managers) COMPETENCY EXAM QUESTIONS AND ANSWERS WESTERN GOVERNORS’ UNIVERSITY

WGU C211 - Competency 2 exam questions and answers Regulatory pillar - answer The coercive power of governments (laws, regs, rules) Normative pillar - answer Values, beliefs, and actions of other relevant players (norms, cultures, ethics) Cognitive pillar - answer The internalized, taken-for-granted values and beliefs that guide behavior. (beliefs between right/wrong) Formal institution - answer One that include laws, regulations and rules Informal institution - answer One that in...

WGU C211 - Competency 2 Exam Questions With 100% Verified Answers Regulatory pillar - answerThe coercive power of governments (laws, regs, rules) Normative pillar - answerValues, beliefs, and actions of other relevant players (norms, cultures, ethics) Cognitive pillar - answerThe internalized, taken-for-granted values and beliefs that guide behavior. (beliefs between right/wrong) Formal institution - answerOne that include laws, regulations and rules Informal institution - answerOne that...

WGU C211 Global Econ Study Guide- Competency 4 Exam Questions and Answers 100% Pass Federal reserve tools - Answer- open market operations, discount rate, reserve requirement open market operations - Answer- Buying & selling government securities to change the supply of money Fed buys bonds - Answer- -decrease in the federal funds rate -increase in money supply Fed sells bonds - Answer- -increase in the federal funds rate -decrease in money supply discount rate - Answer- rate the Fede...

Anti dumping law - Law that makes it illegal for an exporter to sell goods below cost abroad with the intent to raise prices after eliminating local rivals antitrust laws - Law that makes cartels (trusts) illegal Antitrust policy - government regulation aimed at preventing monopoly and fostering competition in markets where competition is desirable Attack - An initial set of actions to gain competitive advantage. Blue Ocean Strategy - Strategy that focuses on developing new markets ("blue...

WGU C211 STUDY GUIDE QUESTIONS & ANSWERS 2023 ( A+ GRADED 100% VERIFIED)

Views on Globalization New, Evolutionary, and Pendulum "New" view on globalization A force sweeping through the world in recent times. "Evolutionary" view on globalization A long-run historical evolution since the dawn of human history "Pendulum" view on globalization One that swings from one extreme to another from time to time Foreign Direct Investment Direct investment in, control, and management of value-added activities in other countries Politi...

Four properties of an indifference curve - (1) Higher indifference curves are preferred to lower ones. People usually prefer to consume more goods rather than less. (2) Indifference curves are downward sloping. The slope of an indifference curve reflects the rate at which the consumer is willing to substitute one good for the other. (3) Indifference curves do not cross. (4) Indifference curves are bowed inward. The slope of an indifference curve is the marginal rate of substitution—the r...

Regulatory pillar The coercive power of governments (laws, regs, rules) Normative pillar Values, beliefs, and actions of other relevant players (norms, cultures, ethics) Cognitive pillar The internalized, taken-for-granted values and beliefs that guide behavior. (beliefs between right/wrong) Formal institution One that include laws, regulations and rules Informal institution One that includes norms, cultures and ethics What core propositions lie at the roo...

Cognitive pillar - the internalized (or taken-for-granted) values and beliefs that guide individual and firm behavior. Formal institutions - Institution represented by laws, regulations, and rules. Informal institutions - include norms, cultures, and ethics. Institutional framework - formal and informal institutions governing individual and firm behavior. Institution-based view - A leading perspective in global business that suggests that the success and failure of firms are enabled and c...