100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
WGU C211 - Global Economics for Managers - PA Review all Questions & answers solved accurately with Complete Solution Graded A+ latest version $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. WGU
  4.  
  5. WGU
  6.  
  7. WGU

Exam (elaborations)

WGU C211 - Global Economics for Managers - PA Review all Questions & answers solved accurately with Complete Solution Graded A+ latest version
 3 views  0 purchase
  • Course
  • WGU
  • Institution
  • WGU

WGU C211 - Global Economics for Managers - PA Review all Questions & answers solved accurately with Complete Solution Graded A+ latest version

Preview 2 out of 5  pages

Document information

  • July 6, 2024
  • 5
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wgu c211 global economics for managers pa revi

Written for

  • WGU
All documents for this subject (6285)

Seller

avatar-seller
stephanvdb04

Reviews received

Content preview

WGU C211 - Global Economics for
Managers - PA Review


What is one of the elements of the Porter Diamond in the theory of national competitive
advantage of industries? - answerDomestic Demand Conditions

What is the bandwagon effect? - answerThe movement of investors in the same
direction at the same time

A country has seen a decrease in inflation. What is the effect on the country's currency
exchange rate? - answerIt increases.

What is one of the three primary types of foreign exchange transactions? - answerSpot
transactions

Who are the primary and largest participants in the foreign exchange market? -
answerLarge international banks

Which company has a natural resource-seeking strategic goal? - answerA company
searching for a location where there is an abundance of oil

Which entrant is able to erect significant barriers for other entrants? - answerFirst mover

Direct exports have which advantage? - answerCapitalization of economies of scale in
production in the home country

Which mode of entry is a non-equity mode? - answerR&D contracts

One view of globalization claims that human civilization has always had some type of
globalization. Which view is it? - answerThe long-run historical view

The benefit attributed to firms that enter a market before other firms in the same market
segment is best described by which term? - answerFirst-mover advantage

What is opportunity cost? - answerThe lost potential from pursuing one activity at the
expense of another activity, given the alternatives

, What are costs to home countries of foreign direct investment? Choose two. -
answerCapital outflow / job loss

Which strategy for responding to MNEs is appropriate in a situation in which there is low
industry pressure to globalize, and competitive assets are customized to home
markets? - answerDefender strategy

What is one of the factors that is used to predict the rivalry between a pair of
competitors? - answerResource similarity

Which pillar of formal institutions represents the coercive power of governments? -
answerRegulatory

What are represented by formal institutions? - answerLaws

What is the necessity of making sensible decisions in the absence of complete
information? - answerBounded rationality

Managers and firms rationally pursue their interests and make choices within
institutional constraints. This is one of the two core propositions underpinning an
institution-based view of global business. Which situation illustrates this proposition? -
answerWhen the minimum wage increases in a country, a major multinational moves
most of its production to another country because the cost of labor is substantially lower.

Which type of economic system allows businesses to be privately owned with a strong
individualistic profit orientation? - answerCapitalism

What is a characteristic of common law as compared to civil law? - answerCommon law
is more reliant on precedents.

Which protection of intellectual property is used for the design of a logo? -
answerTrademark

What are examples of intellectual property? Choose two. - answerA patent / a
trademark

What is a characteristic of a market economy? - answerIt involves the government in a
hands-off level approach known as laissez-faire.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 stephanvdb04. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

70055 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart