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WGU - Managing a Global Business Environment D080
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WGU - Managing a Global Business Environment D080
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WGU - Managing a Global BusinessEnvironment D080
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
antitrust laws, antimonopoly laws, competition laws - ANS Consumer protection policy used
to limit unfair business practices related to competition and control of prices
autarky - ANS A political or economic system that becomes self-sufficient to survive
centralized companies - ANS Companies with structures that limit decision-making to higher
levels in the organizational hierarchy
collectivist - ANS Focused on the good of the group or society over the individual
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
conglomerates - ANS Large corporations made up of several combined companies, often
formed through mergers and takeovers
convertible - ANS A currency that can be used to buy or sell without government restrictions
Countervailing duties - ANS Import taxes imposed on certain goods to prevent dumping or
counter export subsidies
Currency futures contracts - ANS Contracts that require the exchange of a specific amount
of currency at a specific future date and at a specific exchange rate
Currency option contracts - ANS The option or the right to exchange a specific amount of
currency on a specific future date and at a specific agreed-on rate
Currency risk - ANS The risk of a change in the exchange rate that will have an adverse
effect.
, Currency swap contracts - ANS A simultaneous buy and sell of a currency for two different
dates
Current-rate method - ANS A method of foreign currency translation that translates items on
financial statements at the current exchange rate
Customer departmentalization - ANS Organizing a company's people, tasks, and resources
based on the type of customer served
data mining - ANS A class of sophisticated database applications that look for hidden
patterns in a group of data to help track and predict future behavior
databases - ANS An electronic filing system that collects and organizes data and
information
decentralized companies - ANS Companies with structures that distribute the authority to
make decisions to lower levels of employees who are closer to the problem
departmentalization - ANS Grouping a business's people, tasks, and resources into units
digital divide - ANS The inequality between groups to access knowledge and use of
information in communication technologies
Divisional structure - ANS An organizational structure grouping employees into departments
based on products, processes, or geographic regions
DNS blocking - ANS A strategy that makes it difficult for users to locate specific domains or
websites on the internet
domestic - ANS Related to home or place of origin
dumping - ANS When a country or company exports a product at a price that is below
market price to gain an unfair share of the market
Economic inefficiency - ANS An economic state in which every resource is not optimally
allocated to serve each individual or entity in the best way possible by minimizing waste and
inefficiency
economic sanctions - ANS Commercial and financial penalties applied by one or more
countries against a targeted self-governing state, group, or individual
embargos - ANS An order of a government prohibiting the departure of commercial ships
from its ports
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