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C211 WGU EXAM WITH CORRECT ANSWERS AND VERIFIED QUESTIONS GRADED A+ $20.99   Add to cart

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C211 WGU EXAM WITH CORRECT ANSWERS AND VERIFIED QUESTIONS GRADED A+

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C211 WGU EXAM WITH CORRECT ANSWERS AND VERIFIED QUESTIONS GRADED A+ Globalization - ANS-The close integration of countries and peoples of the world Purchasing power parity (PPP) - ANS-A conversion that determines the equivalent amount of goods and services that different currencies can pur...

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  • July 8, 2024
  • 21
  • 2023/2024
  • Exam (elaborations)
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C211 WGU 2024-2025 EXAM WITH
CORRECT ANSWERS AND VERIFIED
QUESTIONS GRADED A+




Globalization - ANS-The close integration of countries and peoples of the world



Purchasing power parity (PPP) - ANS-A conversion that determines the equivalent amount of goods and
services that different currencies can purchase



Scenario planning - ANS-A technique to prepare and plan for multiple scenarios (either high or low risk)



Risk management - ANS-The identification and assessment of risks and the preparation to minimize the
impact of high-risk unfortunate events



Gross national income - ANS-GDP plus income from non-resident sources abroad. GNI is the term used
by the World Bank and other international organizations to supersede the term GNP.



Gross national product (GNP) - ANS-GDP plus income from non-resident sources abroad

,Reverse Innovation - ANS-An innovation that is adopted first in emerging economies an is then diffused
around the world



International business (IB) - ANS-(1) A business (or firm) that engages in international (crossborder)
economic activities and/or (2) the action of doing business abroad



semiglobalization - ANS-A perspective that suggests that barriers to market integration at borders are
high, but not high enough to insulate countries from each other completely



BRIC - ANS-Brazil, Russia, India, and China



base of the pyramid (BOP) - ANS-Economies where people make less than $2,000 per capita per year



Emerging economies - ANS-A term that has gradually replaced the term "developing countries" since the
1990s



emerging markets - ANS-A term that is often used interchangeably with "emerging economies"



nongovernmental organizations (NGOs) - ANS-An organization that is not affiliated with governments



expatriate manager - ANS-A manager who works abroad, or "expat" for short



gross domestic product (GDP) - ANS-The sum of value added by resident firms, households, and
government operating in an economy



foreign direct investment (FDI) - ANS-Investment in, controlling, and managing value-added activities in
other countries



Group of 20 (G-20) - ANS-The group of 19 major countries plus the European Union (EU) whose leaders
meet on a biannual basis to solve global economic problems.

, liability of foreignness - ANS-The inherent disadvantage that foreign firms experience in host countries
because of their non-native status.



global business - ANS-Business around the globe



international premium - ANS-A significant pay raise when working overseas



multinational enterprise (MNE) - ANS-A firm that engages in foreign direct investment (FDI)



Triad - ANS-North America, Western Europe, Japan



normative pillar - ANS-The mechanism through which norms influence individual and firm behaviour



transaction costs - ANS-The costs associated with economic transactions or, more broadly, the costs of
doing business.



Property rights - ANS-The legal right to use an economic property (resource) and to derive income and
benefits from it.



political system - ANS-The rules of the game on how a country is governed politically



market economy - ANS-An economy that is characterized by the "invisible hand" of market forces



totalitarianism - ANS-A political system in which one person or party exercises absolute political control
over the population



cognitive pillar - ANS-The internalized (or taken-for granted) values and beliefs that guide individual and
firm behaviour



theocratic law - ANS-A legal system based on religious teachings

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