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WGU Global-Economics-for-Managers Exam Overview:
| Certification Vendor: | Western Governors University (WGU) |
|---|---|
| Exam Name: | Global Economics for Managers |
| Exam Number: | C211 / UZC2 |
| Certificate Validity Period: | N/A (course-based assessment within WGU program) |
| Available Languages: | English |
| Exam Format: | Objective Assessment (proctored multiple-choice exam), Performance-based assessment (course assignments may also apply depending on term structure) |
| Related Certifications: | MBA Core Curriculum (WGU) |
| Recommended Training: | WGU Course Material (C211 Global Economics for Managers) Khan Academy Economics |
| Exam Registration: | WGU Student Portal |
| Sample Questions: | WGU Global-Economics-for-Managers Sample Questions |
| Exam Way: | Online proctored assessment via WGU testing platform |
| Pre Condition: | Admission into WGU MBA or related business graduate program; completion of program requirements as outlined in degree plan |
| Official Syllabus URL: | https://www.wgu.edu |
WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Managerial Economic Decision-Making | - Risk and uncertainty in global markets - Cost-benefit analysis in business contexts |
| Macroeconomic Environment | - GDP, inflation, and unemployment - Fiscal and monetary policy |
| Global Economics | - International trade and comparative advantage - Global economic institutions and trade policy - Exchange rates and currency systems |
| Foundations of Economics | - Market systems and economic models - Scarcity, opportunity cost, and economic reasoning |
| Microeconomics for Managers | - Supply and demand analysis - Elasticity and pricing decisions - Market structures and competition |
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which company has a natural resource-seeking strategic goal?
- A. A company searching for a location with a large consumer market
- B. A company searching for a location where labor costs are low
- C. A company searching for a location where there is an abundance of oil
- D. A company searching for a location with advanced technology clusters
Correct Answer: C 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
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 high 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.
Correct Answer: D 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
What is deadweight cost?
- A. A government payment to a domestic firm
- B. A tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business
- C. The lost potential from pursuing one activity at the expense of another, given the alternatives
- D. A net loss that occurs in an economy as a result of tariffs
Correct Answer: D 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
Which protection of intellectual property is used for the design of a logo?
- A. Copyright
- B. Trademark
- C. Patent
- D. Trade secret
Correct Answer: B 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
Costs that do not vary with output quantity divided by the quantity of output is best described by which term?
- A. Marginal cost
- B. Total cost
- C. Average fixed cost
- D. Average variable cost
Correct Answer: C 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
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