WGU C211 OA quizzes
2022/2023
1.The term "emerging economies" has replaced the term .:
Developing countries 2.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 5.People who earn a year comprise the base of the global economic
pyramid.: less than $2,000 1 / 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.
8.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.
9.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 10.T he liability of foreignness is the inherent disadvantage faced by .-
: foreign firms in host nations due to their non-native status
11.Which of the following is true of globalization according to the "new 2 / 4
force" perspective?: It is a western ideology focused on exploiting and
dominat- ing the world through MNEs 12.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
13.The strategy of treating each country as a unique market and in total
isolation is referred to as .: Localization
14.MNEs from the Triad dominate the list of the 500 largest MNEs; their
share has been.: Shrinking
15.A conversion that determines the equivalent amount of goods and ser-
vices that different currencies can buy is known as .: purchasing
power parity 3 / 4
16.Which of the following countries would be characterized as an
emerging economy?: Brazil
17.Which of the following countries is represented in the Triad of the
global economic pyramid?: Japan
18.A is defined as an innovation that is adopted first in
emerging economies and then diffused around the world.: reverse
innovation 19.The view suggests that the success and failure of firms are
largely determined by their environments.: institution-based
20.The view of global business focuses on internal factors that
can help a firm overcome its external environment.: resource-based
21.Which of the following is true of globalization according to the "pendulum view" perspective?: Globalization is a not a one-directional phenomenon
- / 4