WGU D080 Managing in a Global Business Environment Exam 2023/2024 with complete solution 150 Questions
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WGU D080 Managing in a Global Business Environment Exam 2023/2024 with complete solution 150 Questions
A farmers market has many vendors and consumers who all sell and buy the same produce at the same price.
Which type of market is represented?
Perfect competition
3 multiple choice options
...
wgu d080 managing in a global business environment
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WGU D080 Managing in a Global Business
Environment Exam 2023/2024 with complete
solution 150 Questions
A farmers market has many vendors and consumers who all sell and buy the same produce at the
same price.
Which type of market is represented?
Perfect competition
3 multiple choice options
A sole, national telephone company was found violating antitrust laws and was forced to separate
into regional companies.
What caused the violation of the antitrust laws?
Reduced competition
3 multiple choice options
Many countries from several geographic regions are accused of dumping steel into the U.S. market at
unfairly low prices.
Which entity can the United States appeal to in order to correct this apparent market manipulation?
World Trade Organization
3 multiple choice options
Are aimed at regulating consumer affairs and safeguarding the market from anticompetitive practices,
particularly from large companies that may hold a monopoly.
Antitrust laws
Attempts to establish global standards in competitive markets in conjunction with the internal
competitive laws that govern each nation individually.
The World Trade Organization (WTO)
A person who needs, uses, or has used a particular service or product and who are vulnerable when
there is little market competition because corporations can control prices.
Consumers
Was the first American antitrust policy. It dealt with limiting the power of price-controlling cartels. Its
scope has since been expanded to include a range of anticompetitive practices.
The Sherman Antitrust Act (1890)
________________ has a centralized administrative system for antitrust enforcement, whereas
antitrust enforcement in the ___________ is considered a matter of criminal law
The EU and United States
This treaty was region-specific to reduce pollution and protect the animals living in the Antarctic
region. The treaty was negotiated in 1991.
Antarctic
3 multiple choice options
,Which of these agreements or treaties was to combat increased temperatures of global climate
change?
Paris
3 multiple choice options
This treaty ended World War I.
Versailles
This agreement was completed in 2016 to stop or at least slow global warming. Not all countries
agreed to these goals.
Paris
3 multiple choice options
This treaty was designed to bring the European Union closer. Ultimately, this treaty caused the
development of a single currency, the euro.
Maastricht
3 multiple choice options
Everyone has the right to enjoy their environment and use some of its resources for their survival.
This requires a shared commitment to maintain the quality of environmental resources.
Collective Environment
is charged with monitoring the environmental practices of industry. They have carried out bilateral
programs with many countries, allowing other nations—particularly countries with economies in
transition—to benefit from U.S. experience in developing appropriate and successful environmental
measure
The EPA
Which action is used by companies wishing to avoid working with vendors who use sweatshops?
Developing and imposing a company internal code of conduct for vendor labor practices
3 multiple choice options
A major footwear brand company is contracting the manufacturing of its products to a contractor's
manufacturing plant overseas. The footwear company has been accused of turning a blind eye to
sweatshop practices at other overseas contract locations before.
How should the footwear company ensure that the contractor will comply with the standards set
forth in the code of conduct that explicitly prohibit this practice?
Require that the factories be available for inspections
3 multiple choice options
What did the Worst Forms of Child Labor Convention, 1999 define?
The age at which a person becomes an adult
3 multiple choice options
, This convention defines a child as a person under 18 years of age and aims to eliminate all practices of
slavery or those similar to slavery, such as the sale and trafficking of children, debt bondage, forced or
compulsory recruitment of children for use in armed conflict, child prostitution, and so on. The
convention requires states to provide appropriate assistance to remove children from such situations
and provide their rehabilitation and education.
Worst Forms of Child Labour Convention, 1999
2 multiple choice options
Which convention protects decent working hours for a cruise ship director who travels in
international waters?
Maritime Labor Convention, 2006
Provides for times in which a government can require or compel individuals to serve, such as in cases
of military need. The scenario does not describe that the cruise ship director is being forced to work
on the cruise ship because of any government or military needs.
Forced Labor Convention
Sometimes called the "Seafarer's Bill of Rights," protects the rights of seafaring workers and is law for
multiple countries. This convention protects decent working hours for a cruise ship director that
travels in international waters.
Maritime Labor Convention, 2006
Provides for equal compensations for men and women that perform work of equal value.
Domestic Workers Convention, 2011
Which result occurs when a legally enforceable contract between two businesses from different
countries is broken?
The party who has been affected can seek damages so the business can be made whole as if the
breach of contract did not occur.
Which two primary sources of law govern contracts in the United States?
The common law and the Uniform Commercial Code
How is contract law structured as it applies to global business among nations?
Horizontal
A structure of law where those at the top govern those at the bottom
vertical structure
Structure of law where neither party is in a legally dominant position over the other
horizontal structure
Business structure recognizes a legitimate law-creating authority that governs the people.
vertical structure
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