MNO FINAL PAPER 2026 EXAM QUESTIONS
AND ANSWERS GRADED A+
◉Exporting . Answer: The practice of producing goods domestically
and selling them outside the country is referred to as -----.
◉The internet and World Wide Web allow almost any business to be
global. What are two important results of this process? Answer: -Small
companies can maneuver faster
-Small companies can get started more easily
◉Global Outsourcing . Answer: A US company that chooses to use
suppliers outside of the United States to provide labor, goods, or
services, is practicing ------.
◉-Pursing organizational goals
-Controlling the organization's resources
-Integrating the work of people . Answer: Which of the following are
management activities?
◉Countertrading . Answer: If the currency exchange rate is not
conducive for business, a US-based company may decide to exchange
goods for goods rather than goods for money. This is known as -----.
,◉Importing . Answer: When a company obtains goods from outside the
country, to be resold in domestic markets, it is using----.
◉Licensing . Answer: A company that allows a foreign company to pay
it a fee to make or distribute its products or services is engaging in ----.
◉Exports . Answer: High-end Levi's jeans that are produced in the
United States but then sold to stores in China and France are an example
of US ----.
◉Franchising . Answer: Many fast-food chains have operations in
foreign countries because these restaurant corporations allow a foreign
company to pay a fee to use the name of the fast-food restaurant. The
foreign company would also need to pay a share of the profits to the
fast-food corporation. What type of situation does this describe?
◉-A small business can adjust to changes in the business environment
quicker
-It is easier to get started because products can be sold online . Answer:
What are two ways the Internet and World Wide Web give a small
business the ability to go global?
◉High-Context . Answer: In a ------ culture, people rely heavily on
situational cues for meaning when communicating with others.
, ◉-has resources not available in the US
-has special expertise
-has labor that is cheaper than American labor . Answer: Reasons for
global outsourcing, or offshoring, include that the foreign supplier
◉Bartering . Answer: What is an appropriate synonym for
countertrading?
◉-Power Distance
-Individualism/Collectivism
-Masculinity/Feminity
-Uncertainty Avoidance . Answer: Select all of the original cultural
dimensions identified by the Dutch researcher Geert Hofstede:
◉Manufacturing . Answer: Licensing would be more common for a ----
- company.
◉Individualism/Collectivism . Answer: It is more common in China
than in the United States for people to be more concerned about the
group than about themselves. Which of Hofstede's dimension does this
demonstrate?
◉-Pay a fee to use the brand name of a company
AND ANSWERS GRADED A+
◉Exporting . Answer: The practice of producing goods domestically
and selling them outside the country is referred to as -----.
◉The internet and World Wide Web allow almost any business to be
global. What are two important results of this process? Answer: -Small
companies can maneuver faster
-Small companies can get started more easily
◉Global Outsourcing . Answer: A US company that chooses to use
suppliers outside of the United States to provide labor, goods, or
services, is practicing ------.
◉-Pursing organizational goals
-Controlling the organization's resources
-Integrating the work of people . Answer: Which of the following are
management activities?
◉Countertrading . Answer: If the currency exchange rate is not
conducive for business, a US-based company may decide to exchange
goods for goods rather than goods for money. This is known as -----.
,◉Importing . Answer: When a company obtains goods from outside the
country, to be resold in domestic markets, it is using----.
◉Licensing . Answer: A company that allows a foreign company to pay
it a fee to make or distribute its products or services is engaging in ----.
◉Exports . Answer: High-end Levi's jeans that are produced in the
United States but then sold to stores in China and France are an example
of US ----.
◉Franchising . Answer: Many fast-food chains have operations in
foreign countries because these restaurant corporations allow a foreign
company to pay a fee to use the name of the fast-food restaurant. The
foreign company would also need to pay a share of the profits to the
fast-food corporation. What type of situation does this describe?
◉-A small business can adjust to changes in the business environment
quicker
-It is easier to get started because products can be sold online . Answer:
What are two ways the Internet and World Wide Web give a small
business the ability to go global?
◉High-Context . Answer: In a ------ culture, people rely heavily on
situational cues for meaning when communicating with others.
, ◉-has resources not available in the US
-has special expertise
-has labor that is cheaper than American labor . Answer: Reasons for
global outsourcing, or offshoring, include that the foreign supplier
◉Bartering . Answer: What is an appropriate synonym for
countertrading?
◉-Power Distance
-Individualism/Collectivism
-Masculinity/Feminity
-Uncertainty Avoidance . Answer: Select all of the original cultural
dimensions identified by the Dutch researcher Geert Hofstede:
◉Manufacturing . Answer: Licensing would be more common for a ----
- company.
◉Individualism/Collectivism . Answer: It is more common in China
than in the United States for people to be more concerned about the
group than about themselves. Which of Hofstede's dimension does this
demonstrate?
◉-Pay a fee to use the brand name of a company
