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GUDO80 GLOBAL BUSINESS ENVIRONMENT ACTUAL VERIFIED EXAM2024|LATESTUPDATE|VERIFIEDEXAMQUESTIONS AND CORRECT ANSWERS ALL GRADEDA+|GUARANTEED SUCCESS$11.49
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WGU DO80 GLOBAL BUSINESS
ENVIRONMENT ACTUAL VERIFIED
EXAM 2024|LATEST UPDATE 2024-
2025|VERIFIED EXAM QUESTIONS
AND CORRECT ANSWERS ALL
GRADED A+|GUARANTEED SUCCESS
Globalization - ANSWER-✅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
trade - ANSWER-✅The action of buying and selling goods and services
capital - ANSWER-✅Financial assets such as funds but also equipment, facilities, and
other means of production
outsource - ANSWER-✅To obtain goods or services from an outside or foreign
supplier
nongovernmental organizations (NGOs) - ANSWER-✅Not for profit organizations
that are independent of the government and are active in humanitarian causes
Which type of globalization refers to the international movement of goods, capital,
and services? - ANSWER-✅Economic
patents - ANSWER-✅Protects inventions and improvements to existing inventions
for a limited period of time in exchange for detailed public disclosure of those
inventions
copyrights - ANSWER-✅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
, trademarks - ANSWER-✅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
assets - ANSWER-✅A useful or valuable thing; something you own such as building,
inventory, or cash
liabilities - ANSWER-✅Being responsible for a debt or financial obligation,
something you owe
financial instrument - ANSWER-✅A monetary contract between parties
multinational firms - ANSWER-✅A large corporation incorporated in one country
which produces or sells goods or services in various countries
The 5 Stages of going Global - ANSWER-✅Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
Economies of scale - ANSWER-✅A proportionate savings in costs gained by an
increased level of production
Economies of scope - ANSWER-✅To develop efficiencies in terms of variety not
volume
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? - ANSWER-✅Cost
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? - ANSWER-✅Cost
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?
- ANSWER-✅Infrastructure
Six Sigma - ANSWER-✅A method that provides tools for organizations to increase
performance and decrease process variation
Which factor of CAGE addresses differences in country size that affect barriers to
globalization? - ANSWER-✅Economics
, Gini coefficient - ANSWER-✅Measures the inequality among values of a frequency
distribution such as levels of income
Happy Planet Index - ANSWER-✅Measures how well nations are doing at achieving
long, happy, sustainable lives
Which argument is used by critics who wish to discourage movement towards
globalization? - ANSWER-✅It increases the wealth of the rich rather than the poor.
gross domestic product (GDP) - ANSWER-✅The total value of goods and services
provided in a country in a one-year period
gross national product (GNP) - ANSWER-✅The total value of goods and services
provided by a country, both inside and outside of its borders, in a one-year period
Which type of economy is decentralized and allows firms and households to
participate in global trade with minimum governmental interference? - ANSWER-
✅Market
Which type of legal system is based on a code and focuses on how the law is applied
to the facts? - ANSWER-✅Civil
Which law is based on tradition and precedent given that judicial rulings can stand
as precedents for future cases? - ANSWER-✅Common
Which legal system can vary from community to community and is found in
countries without strong formal justice systems? - ANSWER-✅Customary
In which legal system does a judge decide the applicable law for the case as a jury
determines the facts? - ANSWER-✅Common
Common law - ANSWER-✅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.
Religious law - ANSWER-✅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.
balance of payments - ANSWER-✅The difference in total value between payments
into and out of the country over a period of time
fixed-rate currency exchange system - ANSWER-✅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
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