Wgu fvc1 Study guides, Class notes & Summaries

WGU - D080_ FVC1 Enhanced Study Guide

WGU Global Business FVC1 V2 and D080 Module 1-4 Exam Solved 100%

Globalization encompasses the socio-economic reform process of eliminating trade, investment, cultural, information technology, and political barriers across countries, which could lead to increased economic growth and geo-political integration and interdependence among nations of the world. a. True b. False correct answer: Ch. 1 - True Globalization has always been and always will remain another word for "Westernization." a. True b. False correct answer: Ch. 1 - False Today,...

globalization correct answer: the socioeconomic reform process of eliminating trade, investment, information technology, and cultural and political barriers across countries, which in turn can lead to increased economic growth and geopolitical integration and interdependence among nations of the world emerging economies correct answer: countries that are implementing more open trade and free-market policies decoupling correct answer: a fundamental global shift in which industrialized co...

Globalization correct answer: International integration that occurs from interchange of world views, products, ideas, and other aspects of culture. Globalization Opportunities correct answer: *demand for new products *lower labor cost *less expensive natural resources *operate internationally to increase revenue and lower cost. Economic Effect on Globalization correct answer: *widespread international movement of goods, capital resources, services, information, etc. *countries are i...

What is globalization? - i international integration arises from the interchange of world views, products, ideas, and other aspects of culture. What are the economic effects of globalization - Trade Investment Information Technology What are the political effects of globalization - Recue the importance of nation-states NGOs What are the cultural effects of globalization - Transmission of ideas, meanings, and values around the world. What is International Business - Relates to any sit...

The World Bank's Purpose correct answer: Long term goals for poverty reduction and for a better quality of life. What does The World Bank do? correct answer: Encourages developing countries to borrow for development projects, provides loans & grants International Monetary Fund correct answer: Oversees the international monetary system (financial), works to provide short-term loans and stabilize exchange rates, & correct balance of pymt issues. Globalization correct answer: Global i...

Globalization correct answer: the process through which an increasingly free flow of ideas, people, goods, services and capital leads to the integration of economies and societies How do major international institutions facilitate globalization? correct answer: help transmit information, enforce contracts/property rights, promote market competition Why is it important for political leaders and institutions to be transparent in responding to global competition? correct answer: social unr...

Which negative outcome on political systems comes from globalization? correct answer: Creation of isolationist policies Which factor results in a higher rate of globalization? correct answer: Reduced trade barriers What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? correct answer: Loss of manufacturing jobs In which political system do individuals control all political activity, which eliminates the governmen...