D080 PA QUESTIONS AND ANSWERS GRADED A

D080 PA QUESTIONS AND ANSWERS GRADED A Which negative outcome on political systems comes from globalization? Creation of isolationist policies Which factor results in a higher rate of globalization? Reduced trade barriers What are the four factors in Ghemawat's CAGE analysis? Culture, administration, geography, economy What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? Loss of manufacturing jobs A country has a characteristic traditional economic system with poor infrastructure and limited economic opportunity. What is the impact of this system on the process of globalization? The globalization process is at a disadvantage as the country has a lower standard of living. What is a characteristic of a market economy? Firms seek to maximize profits. Which impact does Islamic law directly have on businesses? It forbids charging interest. Which institution helps to maintain availability of global financing to solve trade deficit issues? International Monetary Fund What is the current focus of the World Bank? Improving quality of life For which concern has the World Trade Organization been criticized? Adoption of labor standards protecting labor rights How is the Special Drawing Right of the International Monetary Fund (IMF) valued? It is based on the value of the five most significant members' currencies. Two countries agree to open their borders to international business transactions with one another without tariffs. How does this affect global business? It leads to developing free trade policies with strategic partners. A country uses its established technology infrastructure to produce a good.What is the impact of this infrastructure on trade? It will create barriers to entry for other nations. What was the economic impact of the North American Free Trade Agreement (NAFTA)? The shift of jobs away from low comparative advantage industries Workers at a company are struggling to efficiently address daily problems because the company's current information systems do not communicate across departments.What type of system should the company implement to solve this problem? Enterprise resource planning system A company that is located in Country A would like to sell products in Country B. The government of Country B is pushing for a tariff-based international trade agreement on the product. What is the reasoning behind Country B's decision? Country B seeks to protect its economy and give it the opportunity for long-term expansion. An international company works with many economic sectors and notices that one sector in particular is slower to adopt artificial intelligence, which limits their opportunities on a global scale. Which economic sector shows this slower pace? Education Countries A and B participate in trade agreements that allow free trade among participant countries. However, Country A imposed quotas on several imported products to protect its domestic products. What is the effect, if any, on the domestic prices of these products? Increases An international business experienced significant changes due to advances in global technology such as autonomous cars, 3D printing, biometrics, nanotechnology, and quantum computing. Which era caused this impact on the business? Fourth Industrial Revolution Two countries decide to open up trade with each other. What is likely to happen when trade opens up? Jobs will increase in comparative advantage industries. A company is interested in working with the technology that will allow consumers to privately and securely store personal information such as social security and credit card numbers, making it accessible around the world. Which piece of technology is of interest to this company? Blockchain What is a purpose of a country implementing trade protectionism? To protect an infant industry A manufacturing facility would like to consider the use of artificial intelligence deep learning. Which practice illustrates the use of this approach? Machines become familiar with common defects in products. Country A and Country B are trying to mend their relationship. A company from Country A would like to invest in a company in Country B. Which action by Country B will help these two countries meet their goal? Provide tax exemptions A global company wants to share and store business information online 24/7 for employees so they can access the items when they are not physically in the office. Which tool should the company use for this purpose? Cloud-based file share Which level of regional economic integration is a key feature of a Customs Union? Unified trading policies with non-members A community has the skills and ability to access computers and the internet but does not value that form of technology. A company is trying to change the situation in order to facilitate increased online transactions. Which stage of the digital divide is the company hoping to correct? Empowerment What is a drawback of creating regional trade agreements? They shift employment opportunities. What