D080 (QHC1) WGU Managing in global Business Exam
1. In select grocery stores, customers can buy made-to-order coffee beverages from Company A when entering the store. The businesses are independent but share the cost of the space.
Which entry strategy is this an example of?
- Licensing
- Exporting
- Joint venture
- Strategic alliance
2. Which aspect of globalization affects technology and transportation?
- Legal
- Cultural
- Economic
- Other
3. How do international organizations, such as the World Trade Organization, affect economic and legal systems in global business?
- They increase transportation costs.
- They promote free trade.
- They add tariffs.
- They provide more capital controls.
4. A small group of business owners has captured control of a nation’s natural resources to expand their wealth and political influence. Which type of system is impacting this country?
- Anarchy
- Oligarchy
- Democracy
- Monarchy
5. Which economic system allows for the most innovative and rapid response to global consumer needs?
- Command
- Mixed
- Traditional
- Market
6. Which legal system uses an inquisitorial system where judges investigate the facts and juries are rarely used?
- Civil
- Customary
- Canon
- Common
7. As globalization increases, which benefit is created by the demand for similar products and services in many parts of the world?
- Favorable policies by governments
- Opportunities for scale
- Decreased levels of trade
- Value chain reengineering
8. What is one purpose of the World Bank?
- To provide loans to developing countries
- To assist with building infrastructure
- To establish networks for sharing financial information
- To supply technical expertise for development
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