WGU - Managing a Global Business
Environment D080
AAA ratings - ANS-The highest possible rating that may be assigned by a credit rating
agency for a bond
absolute advantage - ANS-The ability of an individual or group to produce a good or
service more efficiently than another
absolute quota - ANS-Quota that strictly limits the quantity of goods that may enter a
country
acquisition - ANS-The act of taking over ownership or controlling a business
Ad valorem tariffs - ANS-Import taxes based on a fixed percentage of the assessed
commercial value of imported goods
agility - ANS-Ability to move quickly and flexibly
algorithms - ANS-A process or set of rules to be followed in calculations especially by a
computer
antitrust laws, antimonopoly laws, competition laws - ANS-Consumer protection policy
used to limit unfair business practices related to competition and control of prices
Apple Inc. vs. Pepper - ANS-Antitrust court case in which a group of iPhone users have
accused Apple of monopolistic practices via the App store
artificial intelligence (AI) - ANS-Any type of computer that engages in humanlike
activities
asset seizure - ANS-An act of confiscating or taking control of private assets such as
funds or property by a government
assets - ANS-A useful or valuable thing; something you own such as building, inventory,
or cash
autarky - ANS-A political or economic system that becomes self-sufficient to survive
,balance of payments - ANS-The difference in total value between payments into and out
of the country over a period of time
barriers to entry - ANS-The obstacles that make it difficult for a new company to enter a
given market. These barriers may include technology challenges, high start-up costs, or
government regulations
blood diamonds - ANS-Diamonds mined in war zones and sold in order to finance war
efforts
brand - ANS-A type of product made by a particular company under a particular name
Bribery - ANS-Cash payment or other bonus that benefits an individual but provides little
advantage to the company
broadband - ANS-Any type of high-speed wired or wireless communication
Business ethics - ANS-The contemporary standards or sets of values that govern the
actions and behavior of individuals in the business organization and the actions of the
business itself
capital - ANS-Financial assets such as funds but also equipment, facilities, and other
means of production
centralization - ANS-The degree to which decision-making authority is concentrated at
higher levels in an organization and business functions controlled in a central location
centralized companies - ANS-Companies with structures that limit decision-making to
higher levels in the organizational hierarchy
chief information officer - ANS-An executive with responsibility for managing all
information resources in an organization
collateral - ANS-Something pledged as security for repayment of a loan to be forfeited in
the event of a default
collective environment - ANS-Understanding that the environment not only belongs to
everyone to enjoy but is also everyone's shared responsibility
, collectivist - ANS-Focused on the good of the group or society over the individual
colonialism - ANS-The policy or practice of acquiring full or partial political control over
another country to exploit it economically
commodities - ANS-A raw material or primary agricultural product that can be bought or
sold
compensation - ANS-What an employee is paid in exchange for work
Compound tariffs - ANS-Taxes on imported goods that are a combination of a fixed
amount and an amount based on the value of the goods
conflict of interest (COI) - ANS-Ethical challenges in which multiple interests are at
conflict with one another
conglomerates - ANS-Large corporations made up of several combined companies,
often formed through mergers and takeovers
consumer - ANS-Any person who needs, uses, or has used a particular service or
product
consumer surplus - ANS-The difference in price between the highest price a consumer
is willing to pay for a good or service and what they actually paid
Contracts - ANS-A legally enforceable promise
convertible - ANS-A currency that can be used to buy or sell without government
restrictions
copyright - ANS-Form of protection provided by the laws of the United States to the
authors of "original works of authorship," including literary, dramatic, musical, artistic,
and certain other intellectual works
copyrights - ANS-A government authority or license giving the owner of an invention the
right to exclude others from making or selling the invention for a set period of time
Corporate social responsibility (CSR) - ANS-The ethical role of a corporation in society
Environment D080
AAA ratings - ANS-The highest possible rating that may be assigned by a credit rating
agency for a bond
absolute advantage - ANS-The ability of an individual or group to produce a good or
service more efficiently than another
absolute quota - ANS-Quota that strictly limits the quantity of goods that may enter a
country
acquisition - ANS-The act of taking over ownership or controlling a business
Ad valorem tariffs - ANS-Import taxes based on a fixed percentage of the assessed
commercial value of imported goods
agility - ANS-Ability to move quickly and flexibly
algorithms - ANS-A process or set of rules to be followed in calculations especially by a
computer
antitrust laws, antimonopoly laws, competition laws - ANS-Consumer protection policy
used to limit unfair business practices related to competition and control of prices
Apple Inc. vs. Pepper - ANS-Antitrust court case in which a group of iPhone users have
accused Apple of monopolistic practices via the App store
artificial intelligence (AI) - ANS-Any type of computer that engages in humanlike
activities
asset seizure - ANS-An act of confiscating or taking control of private assets such as
funds or property by a government
assets - ANS-A useful or valuable thing; something you own such as building, inventory,
or cash
autarky - ANS-A political or economic system that becomes self-sufficient to survive
,balance of payments - ANS-The difference in total value between payments into and out
of the country over a period of time
barriers to entry - ANS-The obstacles that make it difficult for a new company to enter a
given market. These barriers may include technology challenges, high start-up costs, or
government regulations
blood diamonds - ANS-Diamonds mined in war zones and sold in order to finance war
efforts
brand - ANS-A type of product made by a particular company under a particular name
Bribery - ANS-Cash payment or other bonus that benefits an individual but provides little
advantage to the company
broadband - ANS-Any type of high-speed wired or wireless communication
Business ethics - ANS-The contemporary standards or sets of values that govern the
actions and behavior of individuals in the business organization and the actions of the
business itself
capital - ANS-Financial assets such as funds but also equipment, facilities, and other
means of production
centralization - ANS-The degree to which decision-making authority is concentrated at
higher levels in an organization and business functions controlled in a central location
centralized companies - ANS-Companies with structures that limit decision-making to
higher levels in the organizational hierarchy
chief information officer - ANS-An executive with responsibility for managing all
information resources in an organization
collateral - ANS-Something pledged as security for repayment of a loan to be forfeited in
the event of a default
collective environment - ANS-Understanding that the environment not only belongs to
everyone to enjoy but is also everyone's shared responsibility
, collectivist - ANS-Focused on the good of the group or society over the individual
colonialism - ANS-The policy or practice of acquiring full or partial political control over
another country to exploit it economically
commodities - ANS-A raw material or primary agricultural product that can be bought or
sold
compensation - ANS-What an employee is paid in exchange for work
Compound tariffs - ANS-Taxes on imported goods that are a combination of a fixed
amount and an amount based on the value of the goods
conflict of interest (COI) - ANS-Ethical challenges in which multiple interests are at
conflict with one another
conglomerates - ANS-Large corporations made up of several combined companies,
often formed through mergers and takeovers
consumer - ANS-Any person who needs, uses, or has used a particular service or
product
consumer surplus - ANS-The difference in price between the highest price a consumer
is willing to pay for a good or service and what they actually paid
Contracts - ANS-A legally enforceable promise
convertible - ANS-A currency that can be used to buy or sell without government
restrictions
copyright - ANS-Form of protection provided by the laws of the United States to the
authors of "original works of authorship," including literary, dramatic, musical, artistic,
and certain other intellectual works
copyrights - ANS-A government authority or license giving the owner of an invention the
right to exclude others from making or selling the invention for a set period of time
Corporate social responsibility (CSR) - ANS-The ethical role of a corporation in society
