WGU Global Economics for Managers (C211, UZC2) - Global-Economics-for-Managers certification

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WGU Global-Economics-for-Managers Exam Syllabus Topics:

WGU Global Economics for Managers (C211, UZC2) Sample Questions:

1. Which strategy for responding to multinational enterprises is appropriate in a situation in which there is low industry pressure to globalize and competitive assets are customized to home markets?

A) Retainer strategy
B) Contender strategy
C) Responder strategy
D) Defender strategy

2. In which situation is the contender strategy appropriate for responding to multinational enterprises (MNEs)?

A) There is low industry pressure to globalize, and competitive assets are transferable abroad.
B) There is low industry pressure to globalize, and competitive assets are customized to home markets.
C) There is high industry pressure to globalize, and competitive assets are customized to home markets.
D) There is high industry pressure to globalize, and competitive assets are transferable abroad.

3. What is the definition of globalization?

A) The spread of regulatory influence to a greater pool of subjects
B) The achievement of a one-world market for goods and services
C) The close integration of countries and peoples of the world
D) The development of custom products for each segment of a population

4. When is it best for a firm to restart production?

A) When marginal cost is greater than marginal revenue
B) When total revenue is less than total cost
C) When total cost is greater than total revenue
D) When total variable costs are less than total revenue after a short-term stop

5. When confronting MNEs, the extender strategy centers on what?

A) Leveraging local assets in areas in which MNEs are weak
B) Leveraging homegrown competencies abroad
C) Engaging in rapid learning and then expanding overseas
D) Cooperating through joint ventures (JVs) with MNEs and sell-offs to MNEs

Solutions: