Exam (elaborations)
WGU C211 Global Economics for Managers (OA) Exam Questions And Answers
- Course
- Institution
WGU C211 Global Economics for Managers (OA) Exam Questions And Answers
[Show more]
2 reviews
By: tmichelle04 • 10 months ago
By: meade617 • 1 year ago
Content preview
WGU C211 Global Economics for Managers(OA) Exam Questions And Answers 2022
1) Which two phrases represent the views of globalization? Choose two answers.
a. A pendulum that swings from one extreme to another
b. A competition among key financial centers and markets
c. A continuing force sweeping through the world
d. An unplanned result of corporate responses to a variety of
opportunities
e. A trading of goods and services between the most and least regulated
countries
2) What are two trade barriers? Choose two answers.
a. Nontariffs
b. Foreign languages
c. The ocean
d. Tariffs
e. Shipping
3) What is the effect of tariff on a particular product for the country imposing the tariff?
a. Increases domestic production of the product
b. Decreases the deadweight cost of the country
c. Increases domestic consumption of the product
d. Decreases government trade revenues
4) Which benefits come to the host country as a result of foreign direct investment?
Choose two answers.
a. Sovereign stability
b. Capital outflow
c. Domestic resource allocation
d. Creation of domestic jobs
5) Which characteristic of firm resources affects competitive dynamics?
a. Tractability
b. Divisibility
c. Imitability
d. Intensity
6) Which characteristic of firm resources affects competitive dynamics, according to the
VRIO framework?
a. Variability
b. Optimization
c. Interpretability
d. Rarity
7) Which theory is the forerunner to modern-day protectionism?
a. Free trade
b. Mercantilism
c. Absolute advantage
d. Comparative advantage
8) Which aspect creates the daily changes in a country’s exchange rate?
a. Currency supply and demand
, b. Level of domestic output
c. Balance of payments
d. Domestic employment level
9) Which risk must a corporation minimize to effectively manage short-term currency
fluctuations?
a. Alpha risk
b. Transaction risk
c. Beta risk
d. Asymmetric risk
10) Which term describes using currency derivatives to reduce potential transaction,
translation, and economic risks of currency movements that could lead to losses for a
firm or investor?
a. An exchange position
b. A short position
c. Speculating
d. Hedging
11) What is the most effective method to limit foreign exchange rate exposure for future
trade payments?
a. Floating transaction
b. Forward transaction
c. Short transaction
d. Cross-currency transaction
12) What type of advantage do companies receive when operating in favorable areas within
a given country?
a. Labor-specific
b. Capital-specific
c. Location-specific
d. Mineral-specific
13) Which entrant has the opportunity to free ride on first-mover investments?
a. Simultaneous mover
b. Later mover
c. Early mover
d. Laggard
14) Which strategy for entering a foreign market has the highest degree of risk?
a. Licensing
b. Wholly-owned subsidiary
c. Joint-venture
d. Foreign acquisition
15) Which mode of entry provides advantages to a multinational firm that can be
transferred within the firm at very low cost?
a. Indirect exports
b. Externalization
c. Licensing
d. Ownership
16) Which pillar of uncertainty refers to the internalized behavior of an individual’s belief
and values?
a. Regulatory
b. Environmental
c. Formal
d. Cognitive
17) What are three pillars that support format regulatory institutions? Choose 3 answers.
a. Norms
b. Attitudes
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Boffin. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
71498 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
