WGU C211 Objective Assessment Global Economics for Managers Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Graded A
WGU C211 Objective Assessment Global
Economics for Managers Exam | Questions
and Verified Answers| 100% Correct (Latest
2023/ 2024) Graded A
Q: What is a non-equity mode involving some type of contractual agreement?
Answer:
Licensing
Q: After the Lehman Brothers collapse, the federal Reserve stood ready to lend financial
institutions funds. When the Federal reserve did this, it was acting in its role as a lender of last
resort. Which type of group has this role?
Answer:
Informal institution
Q: What is the comprehensive free-trade settlement among Canada, US, and Mexico, that
addresses issues of protecting workers rights, the environment and reducing tariffs and non-tariff
trade barriers?
Answer:
NAFTA
Q: What is one of the core propositions underpinning an institution-based view of global
business?
Answer:
If formal constraints are not in place, the informal constraints will guide decision making
Q: What is one of the core propositions underpinning an institution-based view of global
business?
Answer:
Managers and corporations make rational decisions within their formal and informal framework
Q: Which type of system allows businesses to be privately owned with a strong individualistic
profit orientation?
Answer:
Market Economy
Q: Which legal system is based on a religious document and religious teachings?
Answer:
Theocratic Law
Q: Which type of good has well-established property rights?
Answer:
Private goods
Q: Which activity disregards basic property rights?
Answer:
Students play loud music in the open area between dorms
Q: What is one type of economy that uses the market system?
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