WGU D080 Q&A Graded A+ Latest Update 2023/2024
Globalization
Worldwide interconnections in virtually every sphere of activity including the spread of products, technology, information, and job opportunities. Globalization can result in blurred boundaries between nations, organizations, and inves...
WGU D080 Q&A Graded A+ Latest Update
2023/2024
Globalization
Worldwide interconnections in virtually every sphere of activity including the spread of products,
technology, information, and job opportunities. Globalization can result in blurred boundaries
between nations, organizations, and investors
trade
The action of buying and selling goods and services
capital
Financial assets such as funds but also equipment, facilities, and other means of production
outsource
To obtain goods or services from an outside or foreign supplier
nongovernmental organizations (NGOs)
Not for profit organizations that are independent of the government and are active in humanitarian
causes
Which type of globalization refers to the international movement of goods, capital, and services?
Economic
patents
Protects inventions and improvements to existing inventions for a limited period of time in exchange
for detailed public disclosure of those inventions
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
trademarks
Protection for any word, name, symbol, device, or any combination used in commerce to identify and
distinguish the goods of one manufacturer or seller from goods manufactured or sold by others
assets
A useful or valuable thing; something you own such as building, inventory, or cash
liabilities
Being responsible for a debt or financial obligation, something you owe
financial instrument
A monetary contract between parties
,multinational firms
A large corporation incorporated in one country which produces or sells goods or services in various
countries
The 5 Stages of going Global
Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
Economies of scale
A proportionate savings in costs gained by an increased level of production
Economies of scope
To develop efficiencies in terms of variety not volume
A CEO seeks to better use the economies of scale and scope of production to increase the
international company's profits.
Which type of globalization driver is the CEO seeking to use?
Cost
A CEO seeks to better use the economies of scale and scope of production to increase the
international company's profits.
Which type of globalization driver is the CEO seeking to use?
Cost
A CEO is discussing an expansion of production of a company's highly perishable dairy line in a country
that can offer low labor costs and good internet connections. The country has no highways, and roads
are poorly maintained.
Which challenge to international business expansion do the road conditions present?
Infrastructure
Six Sigma
A method that provides tools for organizations to increase performance and decrease process
variation
Which factor of CAGE addresses differences in country size that affect barriers to globalization?
Economics
Gini coefficient
Measures the inequality among values of a frequency distribution such as levels of income
Happy Planet Index
Measures how well nations are doing at achieving long, happy, sustainable lives
, Which argument is used by critics who wish to discourage movement towards globalization?
It increases the wealth of the rich rather than the poor.
gross domestic product (GDP)
The total value of goods and services provided in a country in a one-year period
gross national product (GNP)
The total value of goods and services provided by a country, both inside and outside of its borders, in
a one-year period
Which type of economy is decentralized and allows firms and households to participate in global trade
with minimum governmental interference?
Market
Which type of legal system is based on a code and focuses on how the law is applied to the facts?
Civil
Which law is based on tradition and precedent given that judicial rulings can stand as precedents for
future cases?
Common
Which legal system can vary from community to community and is found in countries without strong
formal justice systems?
Customary
In which legal system does a judge decide the applicable law for the case as a jury determines the
facts?
Common
Common law
Based on precedence. Any activity that is not clearly illegal may be acceptable. The role of the judge is
to hear arguments from both parties and make a judgment. This judgment stands as precedent for
future cases.
Religious law
based on religious beliefs. One example is a requirement in Sharia that people following Sharia may
not borrow money. To compensate for the inability to take on debt, an asset-based system has been
established.
balance of payments
The difference in total value between payments into and out of the country over a period of time
fixed-rate currency exchange system
When a country's currency value is fixed or pegged by a monetary authority against the value of
another currency, a basket of currencies, or another measure of value
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