Open the auxiliary access

Firefly Open Source Community

   Login   |   Register   |
New_Topic
Firefly Open Source Community › Core Board › Core-3566JD4› Valid Global-Economics-for-Managers Exam Prep, Relia ...
New Topic
Print Previous Topic Next Topic

Valid Global-Economics-for-Managers Exam Prep, Reliable Global-Economics-for-Man

ianbrow521

135

Credits

0

Prestige

0

Contribution

registered members

Rank: 2

Credits
135

Valid Global-Economics-for-Managers Exam Prep, Reliable Global-Economics-for-Man

Posted at 13 hour before      View：22 | Replies：0        Print      Only Author   [Copy Link] 1#
Our company according to the situation reform on conception, question types, designers training and so on. Our latest Global-Economics-for-Managers exam torrent was designed by many experts and professors. You will have the chance to learn about the demo for if you decide to use our Global-Economics-for-Managers quiz prep. We can sure that it is very significant for you to be aware of the different text types and how best to approach them by demo. At the same time, our Global-Economics-for-Managers Quiz torrent has summarized some features and rules of the cloze test to help customers successfully pass their Global-Economics-for-Managers exams.
As you can find on our website, our Global-Economics-for-Managers practice questions have three versions: the PDF, Software and APP online. If you want to study with computers, our online test engine and the windows software of the Global-Economics-for-Managers exam materials will greatly motivate your spirits. The exercises can be finished on computers, which can help you get rid of the boring books. The operation of the Global-Economics-for-Managers Study Guide is extremely smooth because the system we design has strong compatibility with your computers.
One of the Best Ways to Prepare For the Global-Economics-for-ManagersMay be you doubt the ability of our WGU test dump; you can download the trial of our practice questions. All Global-Economics-for-Managers exam prep created by our experienced IT workers who are specialized in the certification study guide. We checked the updating of Global-Economics-for-Managers vce braindumps to make sure the preparation successful.
WGU Global Economics for Managers (C211, UZC2) Sample Questions (Q68-Q73):NEW QUESTION # 68
Institutions exist to reduce uncertainty. An institutional framework is made up of two types of systems.
What are the systems? (Choose TWO.)
  • A. Personal
  • B. Firm
  • C. Formal
  • D. Cognitive
  • E. Informal
  • F. Normative
Answer: C,E
Explanation:
According toGlobal Economics for Managers, aninstitutional frameworkis composed offormal and informal systems, making options B (Informal) and E (Formal) correct. Institutions are the "rules of the game" that structure economic, political, and social interactions and reduce uncertainty for firms and individuals.
Formal institutionsinclude written and legally enforced rules such as constitutions, laws, regulations, contracts, and property rights. These systems are enforced by governments and legal authorities and provide predictable constraints on behavior. For managers, formal institutions define what is legally permissible and shape decisions related to investment, employment, and market entry.
Informal institutions, by contrast, consist of unwritten rules such as norms, customs, traditions, and cultural values. These systems are enforced through social approval or disapproval rather than legal sanctions.
Informal institutions often guide behavior when formal rules are weak, ambiguous, or poorly enforced.
The remaining options are not the two foundational systems identified in managerial economics. Cognitive and normative elements are sometimes discussed aspillarsof institutions, but the broad institutional framework is consistently categorized into formal and informal systems. Firm and personal systems are not institutional categories.
Global Economics for Managersstresses that managers operating globally must understand both systems, as ignoring informal rules can lead to business failure even when firms comply with formal laws. Therefore, informal and formal systems together constitute the institutional framework.

NEW QUESTION # 69
What are characteristics of a market economy? (Choose TWO.)
  • A. It found a near ideal in China and the former Soviet Union during communism.
  • B. It is defined by a government taking the authoritative role in the economy.
  • C. Factors of production are government-owned or state-owned.
  • D. It was first noted by Adam Smith inThe Wealth of Nationsin 1776.
  • E. It is characterized by the "invisible hand" of market forces.
  • F. Supply, demand, and pricing are planned by the government.
Answer: D,E
Explanation:
InGlobal Economics for Managers, amarket economyis characterized by decentralized decision making and reliance on market forces, making optionsB and Ecorrect.
Option B is correct becauseAdam Smith, inThe Wealth of Nations(1776), laid the intellectual foundation for market economies. He argued that individuals pursuing their own self-interest unintentionally promote the overall welfare of society.
Option E correctly identifies the"invisible hand", a central concept in market economies. Prices, supply, and demand coordinate economic activity without centralized planning. Firms decide what to produce based on profitability, and consumers decide what to buy based on preferences and prices.
Options A, C, D, and F describecommand economies, where governments control production, pricing, and resource ownership-characteristics inconsistent with market economies.
Thus, B and E accurately describe defining features of a market economy.

NEW QUESTION # 70
What are key features of an oligopoly? (Choose THREE.)
  • A. There are a few sellers.
  • B. The actions of any one seller have little impact on others' profits.
  • C. The actions of any one seller can have a large impact on the profits of other sellers.
  • D. Firms in an oligopoly are interdependent in ways competitive firms are not.
  • E. There is little motivation for cooperation between firms.
  • F. Firms are independent of one another, like competitive firms.
Answer: A,C,D
Explanation:
InGlobal Economics for Managers, oligopolies are defined bya small number of sellers,interdependence, andstrategic interaction, making options A, B, and C correct.
Option C is foundational: oligopolies consist ofonly a few dominant firms, unlike perfect or monopolistic competition. Because of this concentration, firms cannot ignore competitors' actions.
Option B highlightsinterdependence, a defining feature of oligopolies. Firms must consider how rivals will respond to pricing, output, or strategic changes. This leads to behavior such as price leadership, tacit collusion, or strategic rivalry.
Option A follows directly from interdependence. When one firm changes price or output, it can significantly affect market conditions and the profits of competing firms.
Options D and E incorrectly describe competitive markets, where firms are price takers. Option F is incorrect because oligopolies often have strong incentives to cooperate, either explicitly or tacitly, to maintain profitability.
Thus, A, B, and C accurately capture the essential characteristics of an oligopoly.

NEW QUESTION # 71
What are examples of equity modes of entry? (Choose THREE.)
  • A. Franchising
  • B. Licensing
  • C. Acquisitions
  • D. Greenfield investments
  • E. Strategic alliances
Answer: C,D,E
Explanation:
InGlobal Economics for Managers,equity modes of entryinvolve ownership stakes in foreign operations.
Strategic alliances,greenfield investments, andacquisitionsall require equity participation, making options A, B, and C correct.
Strategic alliances often involve shared ownership and joint decision-making. Greenfield investments require firms to build new facilities from scratch, while acquisitions involve purchasing existing foreign firms.
Licensing and franchising are non-equity contractual modes.
Therefore, options A, B, and C correctly identify equity modes of entry.

NEW QUESTION # 72
Which scenario demonstrates a monopoly created by a resource?
  • A. A software company copyrights the code for new software.
  • B. An author copyrights a new book.
  • C. A new rare jewel is found, and only one mine in the world has it.
  • D. A bridge is so infrequently used that it has a large fixed cost and negligible marginal cost.
Answer: C
Explanation:
InGlobal Economics for Managers, aresource-based monopolyarises when a single firm controls aunique, scarce resourcethat cannot be easily replicated or accessed by competitors. Option D correctly illustrates this situation. When only one mine in the world possesses a rare jewel, the firm owning that mine has exclusive control over the supply of that resource, creating monopoly power.
This type of monopoly differs from legal or technological monopolies. The monopoly exists not because of government protection or intellectual property rights, but because ofnatural scarcity. Competitors cannot enter the market without access to the same resource, and alternative sources may be unavailable or prohibitively costly. As a result, the monopolist can restrict output and charge prices above marginal cost.
Option A describes anatural monopolybased on cost structure rather than resource ownership. Options B and C describelegal monopoliescreated by copyright protection, not resource monopolies.
Thus, option D correctly demonstrates a monopoly created by control over a unique resource.

NEW QUESTION # 73
......
By our three versions of Global-Economics-for-Managers study engine: the PDF, Software and APP online, we have many repeat orders in a long run. The PDF version helps you read content easier at your process of studying with clear arrangement, and the PC Test Engine version of Global-Economics-for-Managers Practice Questions allows you to take stimulation exam to check your process of exam preparing, which support windows system only. Moreover, there is the APP version of Global-Economics-for-Managers study engine, you can learn anywhere at any time.
Reliable Global-Economics-for-Managers Exam Cost: https://www.actualtestpdf.com/WGU/Global-Economics-for-Managers-practice-exam-dumps.html
Enjoy the Latest IT Training and eLearning Solutions Join thousands of happy ActualtestPDF Reliable Global-Economics-for-Managers Exam Cost customers who have already passed their certification exams stress-free, Believe us and buy our Global-Economics-for-Managers exam questions, Or if you are elite in this field, you are able to get the certification at the fastest speed like two days or less by Reliable Global-Economics-for-Managers Exam Cost - WGU Global Economics for Managers (C211, UZC2) exam simulations, WGU Valid Global-Economics-for-Managers Exam Prep It is fast and convenient!
Beyond Ordinary Construction, Your page will be made Global-Economics-for-Managers up of many different divs, and Dreamweaver allows you to see all of them at once, Enjoy the Latest IT Training and eLearning Solutions Join thousands Real Global-Economics-for-Managers Questions of happy ActualtestPDF customers who have already passed their certification exams stress-free.
Realistic WGU Global-Economics-for-Managers Exam Questions with Accurate AnswersBelieve us and buy our Global-Economics-for-Managers Exam Questions, Or if you are elite in this field, you are able to get the certification at the fastest speed like two days or less by WGU Global Economics for Managers (C211, UZC2) exam simulations.
It is fast and convenient, All the Selling WGU Global Economics for Managers (C211, UZC2) (Global-Economics-for-Managers) exam questionnaires are readable via laptops, tablets, and smartphones.
https://www.testpassking.com
Reply

Use props Report

Return to List
High mode
B Color Image Link Quote Code Smilies
You need to log in before you can reply Login | Register

This forum Credits Rules

  •  

Service Hotline : (+86)18688117175
Contact us
E-mail : global@t-firefly.com
Copyright © 2014-2022, FIREFLY TECHNOLOGY CO.,LTD. All Rightts Reserved. 粤ICP备14022046号-2
Quick Reply Back to top Back to list