Exam (elaborations)

WGU D080 Exam Test with Verified Answers Graded A+

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WGU D080

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WGU D080

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wgu d080 exam test with verified answers gr

Institution WGU D080
Course WGU D080

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WGU D080 Exam Test with Verified Answers Graded A+
1. Globalization: Worldwide interconnections in virtually every sphere of activity
including the spread of products, technology, information, and job opportunities.
Globalization can result in blurred boundaries between nations, organizations, and
investors
2. trade: The action of buying and selling goods and services
3. capital: Financial assets such as funds but also equipment, facilities, and other
means of production
4. outsource: To obtain goods or services from an outside or foreign supplier
5. nongovernmental organizations (NGOs): Not for profit organizations that are
independent of the government and are active in humanitarian causes
6. Which type of globalization refers to the international movement of goods,
capital, and services?: Economic
7. patents: Protects inventions and improvements to existing inventions for a limited
period of time in exchange for detailed public disclosure of those inventions
8. copyrights: A government authority or license giving the owner of an invention
the right to exclude others from making or selling the invention for a set period of
time
9. trademarks: Protection for any word, name, symbol, device, or any combination
used in commerce to identify and distinguish the goods of one manufacturer or seller
from goods manufactured or sold by others
10. assets: A useful or valuable thing; something you own such as building, inven-
tory, or cash
11. liabilities: Being responsible for a debt or financial obligation, something you
owe
12. financial instrument: A monetary contract between parties
13. multinational firms: A large corporation incorporated in one country which
produces or sells goods or services in various countries
14. The 5 Stages of going Global: Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
15. Economies of scale: A proportionate savings in costs gained by an increased
level of production
16. Economies of scope: To develop efficiencies in terms of variety not volume
17. A CEO seeks to better use the economies of scale and scope of production
to increase the international company's profits.
Which type of globalization driver is the CEO seeking to use?: Cost

, WGU D080 Exam Test with Verified Answers Graded A+
18. A CEO is discussing an expansion of production of a company's highly
perishable dairy line in a country that can offer low labor costs and good
internet connections. The country has no highways, and roads are poorly
maintained.
Which challenge to international business expansion do the road conditions
present?: Infrastructure
19. Six Sigma: A method that provides tools for organizations to increase perfor-
mance and decrease process variation
20. Which factor of CAGE addresses differences in country size that affect
barriers to globalization?: Economics
21. Gini coefficient: Measures the inequality among values of a frequency distrib-
ution such as levels of income
22. Happy Planet Index: Measures how well nations are doing at achieving long,
happy, sustainable lives
23. Which argument is used by critics who wish to discourage movement
towards globalization?: It increases the wealth of the rich rather than the poor.
24. gross domestic product (GDP): The total value of goods and services provided
in a country in a one-year period
25. gross national product (GNP): The total value of goods and services provided
by a country, both inside and outside of its borders, in a one-year period
26. Which type of economy is decentralized and allows firms and households
to participate in global trade with minimum governmental interference?: Mar-
ket
27. Which type of legal system is based on a code and focuses on how the law
is applied to the facts?: Civil
28. Which law is based on tradition and precedent given that judicial rulings
can stand as precedents for future cases?: Common
29. Which legal system can vary from community to community and is found
in countries without strong formal justice systems?: Customary
30. In which legal system does a judge decide the applicable law for the case
as a jury determines the facts?: Common
31. Common law: Based on precedence. Any activity that is not clearly illegal may
be acceptable. The role of the judge is to hear arguments from both parties and
make a judgment. This judgment stands as precedent for future cases.
32. Religious law: based on religious beliefs. One example is a requirement in
Sharia that people following Sharia may not borrow money. To compensate for the
inability to take on debt, an asset-based system has been established.
33. balance of payments: The difference in total value between payments into and
out of the country over a period of time

, WGU D080 Exam Test with Verified Answers Graded A+
34. fixed-rate currency exchange system: When a country's currency value is
fixed or pegged by a monetary authority against the value of another currency, a
basket of currencies, or another measure of value
35. World Bank: ~ Encourages developing countries to borrow for development
projects

~ Developmental institution

~ Financed reconstruction after wars in the 1940s. It is now focused on supporting
developing countries

~ Large: 40 offices, over 10,000 staff

~ Investment bank owned by the governments of the 180 member nations

~ Borrows and loans

~ Borrowers must meet requirements to qualify for loans
36. International Monetary Fund: ~ Oversees the international monetary system

~ Cooperative institution

~ In phase one, prior to 1973, regulated international exchange rates
In phase two, post-1973, provides a means for effective international currency
exchange, supervises economic policies, and provides financial assistance to mem-
bers

~ Small: 2,300 staff members

~ Resources come from quota subscriptions or membership fees

~ Acts more like a credit union

~ Loans to all member nations
37. Which activity of the International Monetary Fund (IMF) impacts policymak-
ing?: Being owned and directed by the governments of the member nations
38. What is a characteristic of the International Monetary Fund (IMF)?: The IMF
is a cooperative institution and provides more effective currency exchange.

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