Exam (elaborations)
WGU D270 Business Exam 1 Questions and Answers Western Governors University.
- Course
- Institution
WGU D270 Business Exam 1 Questions and Answers Western Governors University.
[Show more]
Content preview
WGU D270 Business Exam 1Questions and Answers Western
Governors University.
Where is the global capital for counterfeit goods?
Correct Answer -China
Who is Landon Donovan and what is he an example of?
Correct Answer -US soccer player whose career was fading in America
but got a second chance playing in Mexico.
Donovan is an example if the positive effects of globalization because his
career was extended thanks to globalization
The US-China trade war is an example of the ____ effects of globalization
Correct Answer -Negative
What is globalization?
Correct Answer -The widening and deepening of interdependent
relationships among people of different nations. Free flow of trade,
people, and ideas. A general integration of commerce and culture.
How do we measure globalization?
Correct Answer -How much does a country produce and what % is sold
outside the country of origin?
Restrictions on imports
,Foreign ownership of assets/FDI
How many countries are in the world?
Correct Answer -There is no right answer!
What are the 7 forces behind the current extent of globalization?
Correct Answer -1) Increase in technology (improvements in
transportation and communication networks)
2) Liberalization of cross-border trade
3) Development of services that support int'l biz activities (e.g. transport,
banking, etc.)
4) Growing consumer pressures
5) Increased global compeition
6) Changing politics and gov policies
7) Expanded cross-national cooperation (EU, NAFTA, WTO)
What are some of the positive effects of globalization?
Correct Answer -Poverty reduction
More variety of goods
Goods cost less
Greater spread of ideas and innovation
Better jobs and more of them
What are some of the negative effects of globalization?
Correct Answer -Threats to nat'l sovereignty and cultural values
,Environmental stress
Growing income inequality
Personal stress
What are the 4 historical stages of globalization?
Correct Answer -1) The Silk Road
2) Rise of European Colonization to end of WW2
3) World War recovery and modern MNE expansion
4) Anti-Globalization Movement (1999-Present)
What factors have led to the current Anti-Globalization Movement?
Correct Answer -Financial crises, income inequality, terrorism, fraying of
democracy, New Nationalism
What was the significance of the CNN video with Hans Rosling?
Correct Answer -Shows that in terms of prosperity, the United States isn't
"falling behind", rather the rest of the world is just simply catching up
What are the two lenses through which we can view globalization (i.e.
zero sum and positive sum gain)?
Correct Answer -Zero sum game - The economic pie doesn't get any
bigger. If one person benefits, someone else must lose.
Positive sum game - The economic pie gets bigger thanks to
globalization and we all benefit
What point did the Harvard Business Review video make about incomes?
Correct Answer -Middle class incomes in US?West haven't grown in
, many years while incomes in less industrialized nations have skyrocketed
recently
What are the 3 reasons for why domestic firms might choose to go
international?
Correct Answer -To expand sales
To acquire resources
Minimize risk
One example about risk in business used in class was the saying,
"Business is like a football game with _____"
Correct Answer -No 4th quarter
What's the floating subsidiary dilemma?
Correct Answer -Shows that MNE's need to deal with various factors
both at home and in their host country
-Home:
-Parent Company
-Home interest groups (stakeholders)
-Corporate Objectives
-Home Culture
-Host:
-Host country gov't
-National Development policy
-Interest Groups (stakeholders)
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 AcademicAllure. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now