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WGU D080 Managing in a Global Business Environment TestBank Verified Exam Sets Combined Latest Update 2024/2025 $18.99   Add to cart

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WGU D080 Managing in a Global Business Environment TestBank Verified Exam Sets Combined Latest Update 2024/2025

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WGU D080 Managing in a Global Business Environment TestBank Verified Exam Sets Combined Latest Update 2024/2025

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  • October 23, 2024
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PatrickHaller
Western Governors University

WGU D080 Managing in a Global Business Environment TestBank




Verified Exam Sets Combined
Latest Update 2024/2025
New Questions Included

,WGU D080 Testbank

Six Sigma - Answer A method that provides tools for organizations to increase
performance and decrease process variation

Globilization - Answer when international integration arises from the interchange of
world views, products, ideas, and other aspects of culture.

CAGE - Answer culture, administration, geography, 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

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 and services from an outside or foreign supplier

WTO - Answer World Trade Organization

G8 - Answer group of 8

NGOs (non-governmental organizations) - Answer not for profit organizations that are
independent of the government and are active in humanitarian causes

MNC - Answer multinational corporation

FDI - Answer foreign direct investment

Subsidies - Answer a sum of money granted by the government to assist an industry or
business

GATT - Answer General Agreement on Tariffs and Trade

IMF - Answer International Monetary Fund

,intellectual property - Answer a work or invention that is the result of creativity such as a
manuscript

NATO - Answer North Atlantic Treaty Organization

BRICS - Answer Brazil, Russia, India, China, South Africa

patent - Answer protects inventions and improvements to existing inventions for a
limited time period in exchange for Detailed public exposure of those inventions

NAFTA (North American Free Trade Agreement) - Answer an agreement among the
United States, Canada and Mexico designed to remove tariff barriers between the three
countries.

EC - Answer European Community

VER - Answer voluntary export restraint

Macroeconomics - Answer a branch of economics dealing with the performance,
structure, behavior, and decision making of an economy as a whole

GDP - Answer Gross Domestic Product

GNP - Answer Gross National Product

LDC - Answer Less Developed Country

TNC - Answer transnational corporation

privitalization - Answer selling government holding to private companies

Deregulation - Answer the removal of regulations or restrictions in a particular industry

AAA rating - Answer the highest possible rating that may be assigned by a credit rating
agency for a bond

debt instruments - Answer a tool used by a company or any other entity to raise money
or capital

IBRD - Answer International Bank for Reconstruction and Development

IDA - Answer International Development Association

IFC - Answer International Finance Corporation

MIGA - Answer multilateral investment guaranty agency

ICSID - Answer International Centre for Settlement of Investment Disputes

IFC - Answer International Finance Corporation

CSO - Answer civil society organization

, GATS - Answer General Agreement on Trade in Services

IPR - Answer intellectual property rights

Tariff - Answer a tax or duty to be paid on a particular class of imports or exports.

Mercantilism - Answer one of the earliest economic theories, which stated that a
country's wealth was determined by the amount of gold and silver they had in their
possession

Exports - Answer a commodity, good, or service sold abroad

Imports - Answer Bringing goods or services into a country from abroad for sale.

trade surplus - Answer When the value of a country's exports is more than that of its
imports.

nation-states - Answer when a group of people are conscious of sharing a commodity
identity and the same culture

Protectionism - Answer the theory or practice of protecting a country's domestic
industries from foreign competition by taxing imports

Navigation Acts - Answer British acts in 1651 to tighten and protect trade between Asia,
American colonies, Africa, and England. Trade had to come in English ships. The
purpose was to use the American colonies to increase British finances and power.

government subsidies - Answer Money paid by the government to help an organization
or industry reduce its costs.

free trade - Answer international trade left to it's natural course without tariffs, quotas, or
other restrictions

absolute advantage - Answer the ability of an individual or group to produce a good or
service more efficiently than another

production possibility frontier PPF - Answer a curve that shows various combinations of
the amount of 2 goods that can be produced within the limits of the given resources and
technology

opportunity cost - Answer the loss of potential gain from the next best option when one
alternative has been chosen

convertible - Answer a currency that can be used to buy and sell without government
restrictions

privatized - Answer to transfer a business, industry, or service from public to private
ownership and control

wholesaler - Answer a person or company that sells goods in large quantities at low
prices, typically to retailers.

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