WGU D080 Global Business Pre-Assessment

D080 Global Business Pre-Assessment Leave the first rating Students also studied Terms in this set (70) Save D080 Pre-Assessment Questions an...70 terms JADAMS486Preview WGU D080 Managing in a Global Bu...250 terms mallory_pearce5 Preview

D080 WGU

70 terms hjon420Preview Global Teacher Cou Creation of isolationist policiesWhich negative outcome on political systems comes from globalization?Reduced trade barriersWhich factor results in a higher rate of globalization?Loss of manufacturing jobsWhat is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages?AnarchyIn which political system do individuals control all political activity, which eliminates the government creating any laws to help businesses with their globalization efforts?The globalization process is at a disadvantage as the country has a lower standard of living.A country has a characteristic traditional economic system with poor infrastructure and limited economic opportunity.What is the impact of this system on the process of globalization?AustraliaA company headquartered in the United States is considering expanding its activities into a different country that follows the same legal system as most states in the United States.Which country is suited for this expansion?It forbids charging interest.Which impact does Islamic law directly have on businesses?International Monetary FundWhich institution helps to maintain liquidity of global funding?PrivatizationWhich structural adjustment of the International Monetary Fund gives to citizen owners businesses that were previously owned by the state?Improving quality of lifeWhat is the current focus of the World Bank?

Influence of free trade policies on labor rights For which concern has the World Trade Organization been criticized?It leads to developing free trade policies with strategic partners.Two countries agree to open their borders to international business transactions with one another without tariffs.How does this affect global business?Increases economies of scale in Country ACountry A manufactures products less expensively than Country B. Due to changes in international agreements, Country B has decided to stop producing the products that Country A makes. Instead, Country B will purchase the same number of products from Country A that they would have normally produced on their own.How will this affect global trade?Developing countries have not been satisfied with the proposed reductions in agricultural tariffs.Why has the Doha Round of the General Agreement on Tariffs and Trade (GATT) been inconclusive?Country B seeks to protect its economy and give it the opportunity for long-term expansion.A company that is located in Country A would like to sell products in Country B.The government of Country B is pushing for a tariff-based international trade agreement on the product.What is the reasoning behind Country B's decision?IncreasesCountries A and B participate in trade agreements that allow free trade among participant countries. However, Country A imposed quotas on several imported products to protect its domestic products.What is the effect, if any, on the domestic prices of these products?To restrict international tradeWhat is the purpose of a country that has a new economy implementing trade protectionism in relation to countries with more developed economies?They reduce domestic competition by limiting domestic companies' sales volume.How do Congress and the Department of Agriculture use quotas to their advantage?Dividend repatriationA country wants to develop an international relationship with another country for future investments, allowing new foreign investors entitlement to a five-year tax holiday.Which benefit leads to foreign direct investment (FDI) in this situation?Provide tax exemptionsCountry A and Country B are trying to mend their relationship. A company from Country A would like to invest in a company in Country B.Which action by Country B will help these two countries meet their goal?Economic opportunityWhat is enhanced when creating regional trade agreements?

Almost half of all automobile parts must be made by a labor force that earns a minimum of $16 per hour by 2023.The United States-Mexico- Canada Agreement (USMCA), a modification of the North American Free Trade Agreement (NAFTA), broadened the scope of free- trade between member nations and tightened restrictions in the region.Which regulation was established by this new agreement?Central America Free Trade AgreementA U.S. capital investment firm is researching new markets to enter to diversify its portfolio. The director of foreign investments presented a pitch to the board of directors encouraging entry into the Costa Rican telecommunications market by investing in local companies in the region through acquisition.Which alliance supports this director's suggestion?To end frequent wars between neighboring countries What was the original reason for the creation of the European Union in 1950?The currency in Country A is strong relative to the currency in Country B.A firm based in Country A manufactures its products in Country B and pays the manufacturing employees in the currency in which they are located.Which currency situation will result in the maximum profit for the firm?Control of natural resourcesWhich factor contributes to the creation of a monopoly?National Environmental Policy ActAn environmental consultant is advising a large oil drilling business in the United States. The consultant reminds the business of its obligations to create and maintain conditions so a healthful environment can be ensured for all people.Which specific act of the United States government is being referenced by the consultant?Anti-trustWhich laws are violated by practices such as price-fixing, price discrimination, restraints, and monopolization?Clean Water ActA company paid millions of dollars to a government in reparation for an oil spill.Which law did the company breach?Decreased profitabilityAn international company's consumers are demanding that the owners make socially ethical business decisions concerning their packaging, but the company is finding that the suggested green modifications are increasing the costs of producing the product.Which concern is this company facing by meeting these ethical demands?Increase shareholder trust via high ethical standards A business is entering a global market at the same time it has been trying to improve its level of corporate social responsibility (CSR).Which CSR goal should this company remember during this process?Engage stakeholders on the issue of air quality A company would like to expand its corporate social responsibility (CSR) initiatives to a global level.Which strategy should the company use to meet this goal?

Ethical behaviors are not standardized across the world. An individual is encouraged to provide a small, quiet fee to local officials to get some critical work done overseas for a global office. The individual was told that this would greatly expedite the work. The individual took that advice, and the work was completed, but the manager in the United States was upset with the action and called the individual to discuss the matter.What is the most challenging aspect of this individual's ethical dilemma?FunctionalAn international company has employees divided into departments related to designated areas of the business, such as marketing, production, human resources, information technology, and customer service.What is the organizational structure of this company?MatrixWhich organizational structure is common in international high-tech and engineering firms that have projects of limited lengths of time where employees can be put on different teams to maximize ingenuity?TeamsWhich organizational structure helps increase employee creativity, productivity, and mutual accountability?ProcessA global furniture company has three departments: lumber cutting and treatment, furniture finishing, and shipping.Which type of departmentalization does this company use?Inefficient decision-makingA multinational corporation (MNC) that sells consumer products and is headquartered in the United States is planning to establish a new office in India.The MNC wants to ensure that final product plans for the market in India require approval by the U.S. executive leadership team.What is a result of using this structure in India?SubsidiaryA company wants to hold a direct operating presence in a foreign country, so it buys a company in the target country and runs the operations.Which type of business agreement is this company using?Started to produce its own shows to be telecast on its channel A movie rental company has expanded its business by vertical integration.Which action has the company taken?Costs of transporting goods is high.A multinational beverage company decides to export products into a new market in order to grow its business. Exporting products was determined to be one of the cheapest methods of market entry for this company; however, the company realizes there are some disadvantages to exporting.Which challenge is this company likely facing by exporting its products?