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WGU D080 Managing in a Global Business Environment 2023/2024 with complete solution Questions

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WGU D080 Managing in a Global Business
Environment 2023/2024 with complete solution
Questions
AAA ratings
The highest possible rating that may be assigned by a credit rating agency for a bond

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

absolute quota
Quota that strictly limits the quantity of goods that may enter a country

acquisition
The act of taking over ownership or controlling a business

Ad valorem tariffs
Import taxes based on a fixed percentage of the assessed commercial value of imported goods

agility
Ability to move quickly and flexibly

algorithms
A process or set of rules to be followed in calculations especially by a computer

antitrust laws, antimonopoly laws, competition laws
Consumer protection policy used to limit unfair business practices related to competition and control
of prices

Apple Inc. vs. Pepper
Antitrust court case in which a group of iPhone users have accused Apple of monopolistic practices via
the App store

artificial intelligence (AI)
Any type of computer that engages in humanlike activities

asset seizure
An act of confiscating or taking control of private assets such as funds or property by a government

assets
A useful or valuable thing; something you own such as building, inventory, or cash

autarky
A political or economic system that becomes self-sufficient to survive

,balance of payments
The difference in total value between payments into and out of the country over a period of time

barriers to entry
The obstacles that make it difficult for a new company to enter a given market. These barriers may
include technology challenges, high start-up costs, or government regulations

blood diamonds
Diamonds mined in war zones and sold in order to finance war efforts

brand
A type of product made by a particular company under a particular name

Bribery
Cash payment or other bonus that benefits an individual but provides little advantage to the company

broadband
Any type of high-speed wired or wireless communication

Business ethics
The contemporary standards or sets of values that govern the actions and behavior of individuals in
the business organization and the actions of the business itself

capital
Financial assets such as funds but also equipment, facilities, and other means of production

centralization
The degree to which decision-making authority is concentrated at higher levels in an organization and
business functions controlled in a central location

centralized companies
Companies with structures that limit decision-making to higher levels in the organizational hierarchy

chief information officer
An executive with responsibility for managing all information resources in an organization

collateral
Something pledged as security for repayment of a loan to be forfeited in the event of a default

collective environment
Understanding that the environment not only belongs to everyone to enjoy but is also everyone's
shared responsibility

, collectivist
Focused on the good of the group or society over the individual

colonialism
The policy or practice of acquiring full or partial political control over another country to exploit it
economically

commodities
A raw material or primary agricultural product that can be bought or sold

compensation
What an employee is paid in exchange for work

Compound tariffs
Taxes on imported goods that are a combination of a fixed amount and an amount based on the value
of the goods

conflict of interest (COI)
Ethical challenges in which multiple interests are at conflict with one another

conglomerates
Large corporations made up of several combined companies, often formed through mergers and
takeovers

consumer
Any person who needs, uses, or has used a particular service or product

consumer surplus
The difference in price between the highest price a consumer is willing to pay for a good or service
and what they actually paid

Contracts
A legally enforceable promise

convertible
A currency that can be used to buy or sell without government restrictions

copyright
Form of protection provided by the laws of the United States to the authors of "original works of
authorship," including literary, dramatic, musical, artistic, and certain other intellectual works

copyrights
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

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