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[Hardware] Get Accurate Answers and Realistic Practice with WGU's Global-Economics-for-Mana

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【Hardware】 Get Accurate Answers and Realistic Practice with WGU's Global-Economics-for-Mana

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Candidates who become WGU Global-Economics-for-Managers certified demonstrate their worth in the WGU field. The WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) certification is proof of their competence and skills. This is a highly sought-after skill in large WGU companies and makes a career easier for the candidate. To become certified, you must pass the WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) certification exam. For this task, you need high-quality and accurate WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) exam dumps.
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WGU Global Economics for Managers (C211, UZC2) Sample Questions (Q99-Q104):NEW QUESTION # 99
The benefit attributed to firms that enter a market before other firms in the same market segment is best described by which term?
  • A. Economies of scope
  • B. Competitive neutrality
  • C. Late-mover advantage
  • D. First-mover advantage
Answer: D
Explanation:
InGlobal Economics for Managers, the benefit enjoyed by firms that enter a marketbefore competitorsis known asfirst-mover advantage, making option C correct. First movers are firms that are pioneers in introducing new products, technologies, or business models into a market.
First-mover advantages can arise from several sources. Early entrants may be able to buildbrand recognition, securecontrol over scarce resources, establishcustomer loyalty, or setindustry standardsthat later entrants must follow. In some cases, first movers can erect significant barriers to entry, making it difficult for competitors to gain market share.
However,Global Economics for Managersalso notes that first-mover advantages are not guaranteed. Early entrants face higher uncertainty, development costs, and the risk of technological obsolescence. Nevertheless, when successful, first movers can sustain long-term competitive advantages.
Option A refers to late-mover advantage, which arises from reduced uncertainty. Option B is not a standard strategic concept. Option D relates to cost efficiencies across products, not timing of entry.
Thus, option C correctly identifies first-mover advantage.

NEW QUESTION # 100
What are examples of intellectual property? (Choose TWO.)
  • A. A tariff
  • B. A trademark
  • C. A patent
  • D. A subsidy
Answer: B,C
Explanation:
InGlobal Economics for Managers,intellectual property (IP)refers to legally protected creations of the mind.
Patentsandtrademarksare two major forms of IP, making options A and B correct.
Patents protect new inventions, processes, or technologies, granting exclusive rights to inventors for a limited time. Trademarks protect brand identifiers such as names and logos.
Subsidies and tariffs are government policies, not intellectual property protections.
Therefore, options A and B correctly identify examples of intellectual property.

NEW QUESTION # 101
Which characteristic is attributed to totalitarianism?
  • A. It delegates absolute political control over the population to one person or party.
  • B. It gives citizens the right to elect representatives to govern on their behalf.
  • C. It prizes an individual's right to freedom of expression and organization.
  • D. It contains some political risk, but risk that is qualitatively lower than in other political systems.
Answer: A
Explanation:
InGlobal Economics for Managers,totalitarianismis characterized by theconcentration of absolute political power in the hands of a single individual or a single ruling party, making option D the correct answer.
Under a totalitarian system, political authority is centralized, dissent is suppressed, and the state seeks to control not only political life but often economic, social, and ideological aspects of society as well.
Unlike democratic systems, totalitarian regimes do not permit free elections, political pluralism, or meaningful checks and balances. Citizens are not granted the right to elect representatives, nor are freedoms of expression, association, or organization protected. Instead, political opposition is restricted or eliminated, and state power is maintained through coercion, propaganda, and control of institutions.
Option A is incorrect because totalitarian systems generally involvehigh political risk, particularly for firms, due to arbitrary policy changes, expropriation risk, and weak legal protections. Option B describes liberal democratic systems that emphasize civil liberties. Option C is a defining feature of representative democracies, not totalitarian regimes.
Global Economics for Managersstresses that totalitarianism presents significant challenges for global managers. While such systems may offer short-term stability or rapid decision making, they often involve unpredictable policy shifts, weak protection of property rights, and limited transparency. These conditions increase political risk and complicate long-term business planning.
Therefore, option D correctly identifies the defining characteristic of totalitarianism as the delegation of absolute political control to one person or party.

NEW QUESTION # 102
In which situation is the contender strategy appropriate for responding to multinational enterprises (MNEs)?
  • A. There is high industry pressure to globalize, and competitive assets are transferable abroad.
  • B. There is low industry pressure to globalize, and competitive assets are transferable abroad.
  • C. There is low industry pressure to globalize, and competitive assets are customized to home markets.
  • D. There is high industry pressure to globalize, and competitive assets are customized to home markets.
Answer: D
Explanation:
InGlobal Economics for Managers, thecontender strategyis appropriate whenindustry pressure to globalize is high, but competitive assets are customized to home markets, making option B correct. This strategy is typically adopted by domestic firms facing strong competition from multinational enterprises (MNEs) in industries that are becoming increasingly global.
High pressure to globalize means that firms must compete on an international scale, often due to global customers, standardized products, or strong foreign competitors. However, when a firm's competitive assets- such as brand reputation, customer relationships, distribution networks, or regulatory knowledge-are deeply rooted in the home market, they are not easily transferable abroad. In this situation, the firm cannot immediately expand internationally without losing its competitive advantage.
Under a contender strategy, firms focus ondefending and strengthening their domestic positionwhile gradually upgrading capabilities to prepare for future global competition. This may involve improving efficiency, investing in technology, forming selective alliances, or learning from foreign competitors operating in the home market.
Option A describes conditions suitable for anextender strategy, where firms can leverage transferable assets internationally. Options C and D reflect low pressure to globalize and are more consistent with defender or dodger strategies rather than contender behavior.
Therefore, option B best captures the conditions under which the contender strategy is applied in response to MNE competition.

NEW QUESTION # 103
Which term best describes a market structure of limited competition in which the market is shared by a small number of sellers?
  • A. Monopoly
  • B. Oligopoly
  • C. Monopolistic competition
  • D. Perfect competition
Answer: B
Explanation:
InGlobal Economics for Managers, anoligopolyis defined as a market structure characterized bylimited competition in which a small number of sellers dominate the market, making option C the correct answer.
These firms collectively control a large share of total market output, and each firm's actions significantly influence the behavior and profitability of the others.
Oligopolistic markets are common in industries with high barriers to entry, such as automobiles, airlines, telecommunications, and energy. Barriers may include economies of scale, high capital requirements, technological advantages, or government regulation. Because only a few firms operate in the market, strategic decision making becomes critical.
Option A, monopoly, involves a single seller. Option B, monopolistic competition, includes many sellers offering differentiated products. Option D, perfect competition, involves many sellers with no market power.
Global Economics for Managersemphasizes that oligopolies are marked by strategic interaction, where firms must anticipate competitors' reactions when setting prices, output, advertising, or investment levels. This interdependence distinguishes oligopoly from other market structures.
Thus, option C accurately describes a market structure with limited competition and a small number of sellers.

NEW QUESTION # 104
......
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