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WGU C211 Questions and Answers Already Graded A Globalization The close integration of countries and peoples of the world Purchasing power parity (PPP) A conversion that determines the equivalent amount of goods and services that different currencies can purchase Scenario planning A technique to prepare and plan for multiple scenarios (either high or low risk) Risk management The identification and assessment of risks and the preparation to minimize the impact of high-risk unfortunate ev...

WGU C211 OA LATEST RATED A+ view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist evolutionary view that claims globalization is swinging from one extreme to another from time to time pendulum investment in, controlling, and managing value-added activities...

WGU C211 Global Economics Final Exam Questions and Answers 100% Correct ability-to-pay principle the idea that taxes should be levied on a person according to how well that person can shoulder the burden absolute advantage The economic advantage one nation enjoys that is absolutely superior to other nations. absorptive capacity The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy A strategy characterized by some support from top mana...

WGU C211 Global Econ Study Guide & Cohort Questions with Complete Solutions Views of globalization (Chp 1.4) 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Location specific advantage of Natural resource—seeking Strategic goal - Possession of natural resources and related transport and communication infrastructure Location specific advantage of ...

WGU C211 CH 13-17 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS What is the change in total cost equal to in the marginal cost equation? Marginal cost multiplied by change in quantity. Fixed costs equal: Total costs minus variable costs Economic profit is distinct from accounting profit because: Economic profit incorporates both explicit and implicit costs. Total costs include: Variable costs plus fixed costs. Marginal costs consider: The increase in total cost arising from an extra uni...

WGU C211: Global Economics for Managers Cengage Text Graded A+ Globalization The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning A technique to prepare and plan for multiple scenarios (either high or low risk). Risk management The identification and assessment of risks and the preparation to minimize the impact of high-r...

WGU C211 Attempt #2 Study Set Questions and Answers 100% Pass The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____. focuses on the internal strengths on the firm The _____ of globalization suggests that globalization is neither recent nor one-directional. pendulum view Globalization can be viewed as: ALL OF THESE ANSWERS - a new force sweeping through the world in recent times; a long-run historical evo...

WGU C211 - Global Economics for Managers Latest 2022 Already Passed 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 ...

WGU - MBA - C211 - Global Economics for Managers Questions and Answers Rated A Base of the pyramid (BOP) Economies where people make less than $2,000 per capita per year. BRICA Brazil, Russia, India, and China. Emerging economies term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets A term that is often used interchangeably with "emerging economies." Expatriate manager A manager who works abroad, or "expat" for short. Foreign direct in...

WGU C211PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS (UZC2) with Correct Answers Only Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? The new-force view Economic gains come from international trade because one country's exported goods, services, or other items are unique, valuable, and difficult to duplicate to the importing countries Resourcebased view What is the a...