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WGU C211 OA quizzes
1. The term "emerging economies" has replaced the term .:
Developing countries
- The gross domestic product plus the income from non-resident
sources abroad gives the .: gross national product
3. More than 25% of global GDP comes from .: BRICS countries
4. Viewing the global economy as a pyramid, the Triad refers to .:
North America, Western Europe, and Japan
- People who earn a year comprise the base of the global economic
pyramid.: less than $2,000
- / 4
6. Which of the following would be an example of a top down innovation?:
- Lowering prices and features of existing products to meet emerging market needs
7. Which of the following is true of the Group of 20 (G-20)?: It only has
19 member countries. 2 / 4
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- Which of the following does the institution-based view of global
business lay emphasis on?: Understanding the laws and values of the
firm's host nation.
- The resource-based view of global business differs from the institu-
tion-based view of global business in that the resource-based view .: -
focuses on the internal strengths on the firm
- T
he liability of foreignness is the inherent disadvantage faced by .-
: foreign firms in host nations due to their non-native status
- Which of the following is true of globalization according to the "new
force" perspective?: It is a western ideology focused on exploiting and
dominat- ing the world through MNEs
- The concept of suggests that barriers to market integration at
borders are high, but not high enough to completely insulate countries
from each other.: Semiglobalization
- / 4
- The strategy of treating each country as a unique market and in total
isolation is referred to as .: Localization
- MNEs from the Triad dominate the list of the 500 largest MNEs; their
share has been .: Shrinking
- A conversion that determines the equivalent amount of goods and ser-
vices that different currencies can buy is known as .: purchasing
power parity
- / 4