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C211 (Global Economics for Managers) PREASSESSMENT QUESTIONS AND ANSWERS WESTERN GOVERNORS’ UNIVERSITY $17.09
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C211 (Global Economics for Managers) PREASSESSMENT QUESTIONS AND ANSWERS WESTERN GOVERNORS’ UNIVERSITY
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C211 (Global Economics for Managers) PREASSESSMENT QUESTIONS AND ANSWERS WESTERN GOVERNORS’ UNIVERSITY

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  • October 25, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
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  • c211 global economics for managers

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C211 (Global Economics for Managers) PRE-
ASSESSMENT QUESTIONS AND ANSWERS
WESTERN GOVERNORS’ UNIVERSITY

, WGU Knowledge Center


PRE-ASSESSMENT: GLOBAL ECONOMICS FOR MANAGERS
(UZC2) (PUZC)

Attempt #1
Status: Passed

1. One view of globalization claims that human civilization has always had some type of globalization. Which
view is it?
YOUR CORRECT
ANSWER ANSWER


The long-run historical view


The pendulum view


The business-over-culture view


The unique-role view


2. The benefit attributed to firms that enter a market before other firms in the same market segment is best
described by which term?
YOUR CORRECT
ANSWER ANSWER


First-mover advantage


Trade advantage


Absolute advantage


Scale advantage



3. What is opportunity cost?
YOUR CORRECT
ANSWER ANSWER


The lost potential from pursuing one activity at the expense of another
activity, given the alternatives


The extent to which different countries possess various factors of
production such as labor, land, and technology


A government payment to a domestic firm


A net loss that occurs in an economy as a result of tariffs




1/16

, 4. What are costs to home countries of foreign direct investment? Choose two.
YOUR CORRECT
ANSWER ANSWER


Capital outhow


Job loss


Reduced standard of living


Loss of intellectual property


Loss of sovereignty


Cultural disintegration


5. Which strategy for responding to MNEs is appropriate in a situation in which there is low industry pressure to
globalize, and competitive assets are customized to home markets?
YOUR CORRECT
ANSWER ANSWER


Defender strategy


Contender strategy


Responder strategy


Retainer strategy



6. What is one of the factors that is used to predict the rivalry between a pair of competitors?
YOUR CORRECT
ANSWER ANSWER


Resource similarity


Imitative behavior


Cost structure


Organizational structure


7. What is one of the elements of the Porter Diamond in the theory of national competitive advantage of
industries?
YOUR CORRECT
ANSWER ANSWER


Domestic demand conditions



2/16

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