WGU - MBA - C211 - Global Economics for Managers Questions and Answers Rated A

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WGU - MBA - C211 - Global Economics for Managers Questions and Answers Rated A Base of the pyramid (BOP) ✔✔Economies where people make less than $2,000 per capita per year. BRICA ✔✔Brazil... , Russia, India, and China. Emerging economies ✔✔term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets ✔✔A term that is often used interchangeably with "emerging economies." Expatriate manager ✔✔A manager who works abroad, or "expat" for short. Foreign direct investment (FDI) ✔✔Investment in, controlling, and managing value-added activities in other countries. Global Business ✔✔Business around the globe. Globalization ✔✔The close integration of countries and peoples of the world. Gross domestic product (GDP) ✔✔The sum of value added by resident firms, households, and governments operating in an economy. Gross national income (GNI) ✔✔GDP plus income from non-resident sources abroad. The term used by the World Bank and other international organizations to supersede the term GNP. Gross national product (GNP) ✔✔GDP plus income from non-resident sources abroad Group of 20 (G-20) ✔✔The group of 19 major countries plus the European Union (EU) whose leaders meet on a biannual basis to solve global economic problems. International business (IB) ✔✔(1) A business (or firm) that engages in international (cross-border) economic activities and/or (2) the action of doing business abroad. International premium ✔✔A significant pay raise when working overseas. Liability of foreignness ✔✔The inherent disadvantage that foreign firms experience in host countries because of their non-native status. Multinational enterprise (MNE) ✔✔A firm that engages in foreign direct investment (FDI). Nongovernmental organization (NGO) ✔✔An organization that is not affiliated with governments. Purchasing power parity (PPP) ✔✔A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Reverse innovation ✔✔An innovation that is adopted first in emerging economies and is then diffused around the world. Risk management ✔✔The identification and assessment of risks and the preparation to minimize the impact of high-risk, unfortunate events. Scenario planning ✔✔A technique to prepare and plan for multiple scenarios (either high or low risk) [Show More]

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