(WGU D080) BUS 2070 - Managing in a Global Business Environment - Final Assessment Guide(WGU D080) BUS 2070 - Managing in a Global Business Environment - Final Assessment Guide(WGU D080) BUS 2070 - Managing in a Global Business Environment - Final Assessment Guide
,1. Multiple Choice: In the context of global business management,
which of the following best describes the term 'glocalization'?
a) Applying local flavors to a global brand
b) The process of firms standardizing their products globally
c) Local businesses expanding their operations internationally
d) Governments implementing global policies domestically
Answer: a) Applying local flavors to a global brand
Rationale: Glocalization refers to the adaptation of international
products around the particularities of a local culture where they are
sold.
2. Fill-in-the-Blank: The ________ model is a framework for
understanding the competitive advantage of nations.
Answer: Diamond
Rationale: The Diamond model, proposed by Michael Porter,
outlines four broad attributes of a nation that shape the
environment in which local firms compete.
, Rationale: Cultural intelligence is crucial for navigating and
managing across diverse cultures in a global business environment,
often equally or more important than technological prowess.
4. Multiple Response: Which of the following are key components
of a transnational strategy?
a) Centralized management
b) Local responsiveness
c) Global integration
d) Cost reduction through outsourcing
Answers: b) Local responsiveness, c) Global integration
Rationale: A transnational strategy involves balancing local
responsiveness with global integration, leveraging global efficiencies
while being adaptable to local markets.
5. Multiple Choice: What is the primary purpose of the Foreign
Corrupt Practices Act (FCPA) in the United States?
a) To promote fair trade agreements
b) To prevent bribery of foreign officials
c) To enforce local employment laws
d) To regulate international tax evasion
Answer: b) To prevent bribery of foreign officials
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