Global business fvc1 wgu - Study guides, Class notes & Summaries

Which negative outcome on political systems comes from globalization? correct answer: Creation of isolationist policies Which factor results in a higher rate of globalization? correct answer: Reduced trade barriers What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? correct answer: Loss of manufacturing jobs In which political system do individuals control all political activity, which eliminates the governmen...

FVC1 WGU Global Business Study Guide Questions (Complete) Graded A 1. What are the characteristics of globalization-- Communication, transportation, transnational businesses, free trade agreements, consumer culture, labor force. *People are interacting across borders. *Lower barriers to trade, expansion of technology, decoupling - trade is happening among lesser developed countries. Emerging markets trading with each other. INTERDEPENDENCE (financial) 2. How do major international instit...

Globalization correct answer: the process through which an increasingly free flow of ideas, people, goods, services and capital leads to the integration of economies and societies How do major international institutions facilitate globalization? correct answer: help transmit information, enforce contracts/property rights, promote market competition Why is it important for political leaders and institutions to be transparent in responding to global competition? correct answer: social unr...

The World Bank's Purpose correct answer: Long term goals for poverty reduction and for a better quality of life. What does The World Bank do? correct answer: Encourages developing countries to borrow for development projects, provides loans & grants International Monetary Fund correct answer: Oversees the international monetary system (financial), works to provide short-term loans and stabilize exchange rates, & correct balance of pymt issues. Globalization correct answer: Global i...

WGU Global Business FVC1 V2 and D080 Module 1-4 Exam Solved 100%

What are the characteristics of globalization? correct answer: 1. improve productivity 2. improve quality of work life 3. ensure legal compliance 4. ensure ethical behavior How do major international institutions facilitate globalization? correct answer: (1) improve productivity - organization and design (2) Work-Life - more autonomy and a chance to make a greater contribution to the organization (3) Legal - By ensuring the company is compliant with the law (4) Ethical Behavior - often the ...

Ch 1: What are the characteristics of globalization correct answer: Communication, transportation, transnational businesses, free trade agreements, consumer culture, labor force. *People are interacting across borders. *Lower barriers to trade, expansion of technology, decoupling - trade is happening among lesser developed countries. Emerging markets trading with each other. INTERDEPENDENCE (financial) Ch 1: How do major international institutions facilitate globalization? correct answer:...

What are the characteristics of globalization? correct answer: Removal of trade barriers, Promote free trade, Removal of cultural barriers, Interdependence, Technological innovation How do major international institutions facilitate globalization? correct answer: International Monetary Fund system (IMF) - to Promote global financial stability; World Bank - to help reconstruct developing nation economies and end extreme poverty; World Trade Organization (WTO) - to promote trade in agricultur...

WGU D080 Global Business FVC1 V2 and Module 1-4 | Questions with 100% Correct Answers | Latest Update 2024 | Verified