Wgu c211wgu - Study guides, Class notes & Summaries

WGU C211 Global Economics for Managers Complete Vocabulary| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Q: What is resource similarity and how does this impact competitive dynamics? Answer: companies with high resource similarity and low market commonality will find themselves in regular adversarial interactions. Q: What is Classical Theory of International Trade Answer: Mercantilism: A zero-sum game theory that argues countries get richer when they sel...

WGU C211 Objective Assessment Global Economics for Managers Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Q: theory that suggests that intervention by governments in certain industries can enhance their odds for international success Answer: strategic trade Q: if a company seeks to limit foreign exchange rate exposure in the forward direction, what is the most effective way to do this? Answer: currency hedging Q: exchange rate risk assoc...

WGU C211 Global Economics for Managers Test Bank |300+ Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Q: Economic profit is distinct from accounting profit because: Answer: Economic profit incorporates both explicit and implicit costs. Q: Total costs include: Answer: Variable costs plus fixed costs. Q: Marginal costs consider: Answer: The increase in total cost arising from an extra unit of production. Q: What response...

WGU C211 Objective Assessment Global Economics for Managers Exam Prep| Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) QUESTION factors of production should be government owned or state owned and all supply, demand and pricing are planned by the government Answer: command QUESTION the economic system of most countries Answer: mixed economy QUESTION a curve that represents a consumers preferences Answer: indifference curve ...

WGU C211 Pre- Assessment Global Economics for Managers Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Graded A Q: A farmer sells wheat in a perfectly competitive market. Which action should the farmer take to maximize profits? Answer: Produce the quantity where the price equals the farmer's marginal cost Q: What is the economic profit of a competitive firm? Answer: The difference between total revenue and total cost Q: Which condition applie...

WGU C720 OA- Operations and Supply Chain Management Exam| Questions and Verified Answers| 2023/ 2024 Latest Update!!! QUESTION A rental company has a fleet of 50 cars that can be rented daily if all vehicles have been washed and inspected and are free of mechanical and electrical defects. Due to maintenance requirements and late returns by customers, the rental company is, in general, able to prepare 45 cars per day for rental. On average, 30 cars are rented daily. What is the ...

WGU C211 Global Economics for Managers Quiz Bank |More than 300 Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) QUESTION Monopolistic competition is characterized by: Answer: Ease of market entry and exit. QUESTION An incentive to advertise exists for monopolistically competitive firms because: Answer: The products they sell are differentiated. QUESTION Monopolistic competition is characterized by: Answer: Many firm...

WGU C720 Operations and Supply Chain Management| All Unit Quizzes| All Modules Covered| More than 300 Questions and Verified Answers| Latest 2023/ 2024!!! QUESTION Dr. W. Edwards Deming developed 14 points for the transformation of management. Which of the following is one of Deming's points? Answer: Eliminate management by numbers and management by objective QUESTION True or False. Joseph Juran asserted that quality is based on four components: quality improvement, ...

WGU C211 Pre- Assessment Global Economics for Managers Exam | Real Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) Graded A QUESTION What is one way the Federal Reserve influences the reserve ratio? Answer: By altering reserve requirements QUESTION Which fiscal policy would be most effective at raising consumer spending and expanding aggregate demand? Answer: Lowering target interest rates QUESTION What is the effect of an increase ...

WGU C211 Pre- Assessment Global Economics for Managers Exam Prep| Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) QUESTION What is a characteristic of a market economy? Answer: It involves the government in a hands-off level approach known as laissez-faire. QUESTION What are examples of intellectual property? Answer: patents, copyrights, trademarks QUESTION In a monopoly which two statements are likely true Answer: one seller offers a...