2023 WGU D080 Practice Exam with Answers (161 Solved Questions)

Preview (4 of 10 Pages)

100%

2023 WGU D080 Practice Exam with Answers (161 Solved Questions) - Page 1 preview image

Loading page ...

WGUD080 COMPLETED2023 WITHCORRECT ANSWERS.What is globalization?-Answer When international integration arises from theinterchange of world views, products, ideas and cultures.What are business opportunities that are presented by globalization?-AnswerTrade, transactions, capital andinvestment movements. The migration andmovement of people and the dissemination of knowledge.Culture effects of globalization-Answer Ideas, meanings, values. Decreaseduniqueness by once isolated communities.Political effects of globalization-Answer Reduces importance of nation statesEconomic effects of globalization-Answer International movement of goods, capital,services and technology and information.What are arguments for globalization?-Answer Access to broader market, gainsaccess tocheap labor.What are arguments against globalization?-Answer Needs to understand foreignlegal and political policies.Market entry (Five stages of entering a global market)-Answer Companies enternew country's using business models similar to the ones in home market.Production Specialization (Five stages of entering a global market)-AnswerCompanies transfer the full production process of a product to a single location.Value Chain Desegregation (Five stages of entering a global market)-AnswerDesegregating the the production process and focus on completing each activity in abetter location. (different areas)Value Chain Reengineering (Five stages of entering a global market)-AnswerCompanies seek to further increase their cost savings byreengineering theirproduction process.Creation of New Markets (Five stages of entering a global market)-Answer Allowscompanies to lower their sticker prices in both new and old markets.Cost Driver (4 drivers of globalization)-Answer Refers to product development,manufacturing, and sourcing.Competitive Driver (4 drivers of globalization)-Answer New markets, increased levelof trade.Market Driver (4 drivers of globalization)-Answer Customer needs. Preferencesvary by product.

2023 WGU D080 Practice Exam with Answers (161 Solved Questions) - Page 2 preview image

Loading page ...

2023 WGU D080 Practice Exam with Answers (161 Solved Questions) - Page 3 preview image

Loading page ...

WGUD080 COMPLETED2023 WITHCORRECT ANSWERS.GovernmentDriver (4 drivers of globalization)-Answer Absence or presence oftrade policies, technical standards, policies and regulations.Economies of Scale-Answer Refers to the concept that the unit cost to produce aproduct will decline as the variety increases.Benefits of Global Expansion-Answer More array of products, servicestechnologies, medicines, and knowledgeIncreased sales and exchangesGrowth rate in GDPMNC's Benefits of Global Expansion-Answer Unsaturated demand for new productLower labor costsLess expensive natural resourcesHigher revenue or lower structure costMNC's Cost of Global Expansion-Answer Ethical business practice (labor, safety,environment)Organizational structure (incorporating new regions to the value chain)PublicrelationsLeadershipLegal and regulatory structureC (CAGE)-Answer Culture. Shared beliefs, practices, norms.A (CAGE)-Answer Administration. Similar country's trade with each otherG (CAGE)-Answer Geography. LocationE (CAGE)-Answer Economic. Socioeconomic and demiographicWorld is flat-Answer events that made the world smaller.Monarchy-Answer A single person ruling until death. (Britain)Oligarchy-Answer Small elite group holds power. (Russia)Dictatorship-Answer One personrules (Hitler)Democracy-Answer Citizens organize political parties. (USA)Traditional Economy-Answer Centers around family (hunt gather & nomadicsocieties)Relies on barteringMembers produce what they need not no surplusBenefits: No friction between membersDisadvantages: Mercy of climateLow standard of living

2023 WGU D080 Practice Exam with Answers (161 Solved Questions) - Page 4 preview image

Loading page ...

WGUD080 COMPLETED2023 WITHCORRECT ANSWERS.Ex: HatiCommand Economy-Answer Devoted to goals passed down from a ruler.Resources and business are owned by the government. Communist societies.VenuzelaMarket Economy-Answer Decentralized economy. Leaders make decisions onconsumer demands. Regulates balance between supply and demand.Mixed Economy-Answer Too much government involvement. Protects privateproperty. Supply and demand. Mix of market andcommand economy.Religious Law-Answer Theocratic law based on religious guidelines.Civil Law-Answer Judge investigates. (Europe, Central America, South America)Common Law-Answer Judicial rulings, judge acts as moderator. (USA)IMF(International Monetary Fund)-Answer Financing to members in economicdifficulties to achieve macroeconomic stability and reduce poverty.World Bank-Answer Encourages developing countries to borrow for developmentprojects.WTO (World Trade Organization)-Answer Regulation of trade between nations.IMF Criticism-Answer Requires borrower to fix financial problems to get financing.USA over represents. Helps developed countries more. EnvironmentalWTO Criticisms-Answer Protects developed countries more.World Bank Critisms-Answer Privation of healthcare. US and Europe have toomuch control.Mercantilism Trade Theory-Answer Country's wealth is based by the amount ofgold and silver holdings.Import & Export Trade Theory-Answer Import: Goods coming into a country.Export: Goods coming out of a country.Neo-mercantilism-Answer Favors exports, discourages imports. (China)Absolute Advantage-Answer Ability of a country to produce goods more efficientlythan another nation.Comparative Advantage-Answer Ability to produce a good or service at lowestopportunity cost.

Preview Mode

This document has 10 pages. Sign in to access the full document!

Report

Study Now!

Document Details

Related Documents

2023-2024 WGU D236 Pathophysiology Practice Exam with Answers (170 Solved Questions)

WGU Management Practice Exam With Answers (130 Solved Questions)

2024 WGUC233 Law Practice Exam With Answers (179 Solved Questions)

WGU Education Practice Exam With Answers (243 Solved Questions)

WGU D174 Marketing Practice Exam With Answers (36 Solved Questions)

2023 WGUD094 Education Practice Exam With Answers (156 Solved Questions)

WGU C429 Health Care Assessment Practice Exam With Answers (115 Solved Questions)

2024 WGU D236 Pathophysiology Practice Exam With Answers (134 Solved Questions)

2022-2024 WGU C182 Computer Science Real Exam With Answers (70 Solved Questions)

2023-2024 WGU D220 Management Information System Practice Exam With Answers (226 Solved Questions)

Company

Explore

Study Tools