This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 10 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which is the biggest challenge in a matrix organization? A) High flexibility. B) Dual reporting relationships. C) Simple chain of command. D) Standardization across countries. Show Answer Correct Answer: B) Dual reporting relationships. 2. Competitive advantage creation in GVC might be accuired by: A) Localization of pre-production intangibles close to the customer. B) Location of post-production intangibles into mother-market. C) Localizaton of all GVC elements in different countries without specific location advantage. D) Non of the answers is correct. Show Answer Correct Answer: D) Non of the answers is correct. 3. The trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale A) Business. B) Goods and services. C) International business. D) Workshop. Show Answer Correct Answer: C) International business. 4. Globalization leads to: A) Higher local employment only. B) Isolation of countries. C) Decreased communication. D) Removal of trade barriers. Show Answer Correct Answer: D) Removal of trade barriers. 5. Which element below is excluded from the 4P Mix? A) Product. B) Price. C) People. D) Place. Show Answer Correct Answer: C) People. 6. An office building is a product created by what type of resource? A) Labor. B) Capital. C) Land. D) None of the above. Show Answer Correct Answer: B) Capital. 7. Name one environmental or social concern associated with MNEs in host countries. A) MNEs may face criticism due to concerns about their environmental impact, labor practices, and adherence to social standards. B) MNEs are always praised for their perfect environmental records. C) MNEs never have any issues with labor practices in host countries. D) MNEs are only concerned with increasing local employment without any other impact. Show Answer Correct Answer: A) MNEs may face criticism due to concerns about their environmental impact, labor practices, and adherence to social standards. 8. Which of the following was formed for looking after the promotion of free and fair trade among nations? A) International Monetary Fund. B) World Bank. C) World Trade Organisation. D) General Agreement for Tariffs and Trade. Show Answer Correct Answer: C) World Trade Organisation. 9. What is the main characteristic of a hostile takeover as a mode of entry? A) An agreement between two parties to cooperate in a certain way for a certain time. B) An attempt to take over another company against the wishes of the target company's board/management. C) A more-than-friendly acquisition between roughly equal companies. D) The formal establishment of business operations on foreign soil. Show Answer Correct Answer: B) An attempt to take over another company against the wishes of the target company's board/management. 10. What is one potential advantage of doing business internationally over domestic business? A) The ability to negotiate the price of a building. B) The availability of realtors to help find a building. C) The opportunity to expand market reach and increase sales. D) The assumption that the government will not mind opening another business. Show Answer Correct Answer: C) The opportunity to expand market reach and increase sales. 11. Which country had the highest share in world merchandise exports in 2022? A) Germany. B) India. C) United States. D) China. Show Answer Correct Answer: D) China. 12. Which type of multinational enterprise combines global efficiency with local responsiveness, integrating operations while also adapting to local market needs? A) Regional firm. B) Global firm. C) Transnational firm. D) Multidomestic firm. Show Answer Correct Answer: C) Transnational firm. 13. Give examples of globalization controversy. A) Job Losses and Income Stagnation. B) Sustainable Development and Environmental Degradation. C) Globalization Winners and Losers. D) All of the selection. Show Answer Correct Answer: D) All of the selection. 14. How can businesses prepare for potential terrorist threats in international operations? A) By avoiding risk assessments and employee training. B) By conducting risk assessments, implementing security measures, providing employee training, establishing communication channels, and having a crisis management plan. C) By relying on outdated security measures. D) By ignoring potential threats and focusing solely on profit. Show Answer Correct Answer: B) By conducting risk assessments, implementing security measures, providing employee training, establishing communication channels, and having a crisis management plan. 15. What is the primary function of the World Trade Organization (WTO)? A) To regulate global currency exchange rates. B) To facilitate negotiations for international labor laws. C) To supervise international commodity markets. D) To regulate international trade rules and settle disputes between member countries. Show Answer Correct Answer: D) To regulate international trade rules and settle disputes between member countries. 16. In the theory of overlapping demand, international trade in manufactured goods will be greater between nations with similar levels of capita income A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 17. What is the significance of understanding the political system in a foreign country? A) It helps in product design. B) It has no relevance. C) It determines the legal framework for business. D) It influences marketing strategies. Show Answer Correct Answer: C) It determines the legal framework for business. 18. Collectively, we refer to political, economic, and legal systems as constituting the ..... economy of a country. A) Legislative. B) Political. C) Administrative. D) Governing. Show Answer Correct Answer: B) Political. 19. What defines a less-developed country (LDC)? A) Low standard of living. B) High economic wealth. C) Strong industrial base. D) None of the above. Show Answer Correct Answer: A) Low standard of living. 20. The New York Stock Exchange was first founded in May of 1792. 24 brokers signed a document called the "Agreement" . A) Barber Exchange. B) Buttonwood. C) New Exchange. D) Branchbrook. Show Answer Correct Answer: B) Buttonwood. 21. True or False:The 5 stages of going global are a strict format that all industries must follow without skipping or combining steps A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 22. Translating to "waste" orwasteful activity, " the third M of the 3 Ms in Lean aims to reduce unnecessary work and improve efficiency. If a plant can reduce ..... it can increase productivity and profits while stayingcost-efficient. It is use in the Toyota Production System, A) Muda. B) Mura. C) Muri. D) None of the above. Show Answer Correct Answer: A) Muda. 23. Individuals should most likely study international business to ..... A) Remain current on the latest communication method. B) Comply with graduate school certification requirements. C) Ensure that an employer has a global online presence. D) Remain current on the latest business methods. Show Answer Correct Answer: D) Remain current on the latest business methods. 24. Quite often, host countries have a love-hate relationship with Multi-National Enterprises because: A) They benefit economically but may face cultural or economic challenges. B) They always fully support foreign companies. C) They have no interest in foreign investment. D) They dislike all forms of international business. Show Answer Correct Answer: A) They benefit economically but may face cultural or economic challenges. 25. The Theory of Relative Factor Endowments is given by A) D. Richardo. B) Porter. C) Ohilin-Hecksher. D) Richardo. Show Answer Correct Answer: C) Ohilin-Hecksher. 26. Which theory suggests that nations will develop comparative advantages based on their locally abundant factors? A) Strategic trade theory. B) Absolute advantage theory. C) Heckscher-Ohlin theory. D) Comparative advantage theory. Show Answer Correct Answer: C) Heckscher-Ohlin theory. 27. ..... the lowering of a currency's price in terms of other currencies A) Money devaluation. B) International product life cycle. C) Trade. D) Mercantilism. Show Answer Correct Answer: A) Money devaluation. 28. Who was the author of eclectic theory of international production: A) KINDLEBERGER. B) DUNNING. C) ALIBER. D) VERNON. Show Answer Correct Answer: B) DUNNING. 29. Country A exports electronic goods from Country B although there are no underlying differences in factor endowments between the two countries. Which of the following theories explains this anomaly? A) New trade theory. B) Comparative advantage theory. C) Smith's theory. D) Ricardo's theory. Show Answer Correct Answer: A) New trade theory. 30. The US imports the most from this country A) China. B) Japan. C) Canada. D) England. Show Answer Correct Answer: A) China. 31. Foreign Direct Investment involves which of the following? A) Both benefits and costs for the host country. B) Only benefits for the host country. C) Only costs for the host country. D) No impact on the host country. Show Answer Correct Answer: A) Both benefits and costs for the host country. 32. Economic interdependence between countries can be influenced by political stability. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 33. What is one reason for conducting business internationally? A) Growth. B) Technological backwardness. C) Higher costs. D) Limited market share. Show Answer Correct Answer: A) Growth. 34. What is the problem still unsolved in South Africa? A) Infant death. B) Racism. C) Civil War. D) Dictatorship. Show Answer Correct Answer: B) Racism. 35. Nation places tax on imported goods A) Tariffs. B) Balance of Payments. C) Embargo. D) Quotas. Show Answer Correct Answer: A) Tariffs. 36. Which of the following is a key driver of globalization A) Technological advancements in communication and transportation. B) Cultural isolation. C) Reduced foreign investment. D) Increased trade barriers. Show Answer Correct Answer: A) Technological advancements in communication and transportation. 37. Pressures for cost reductions are greatest when ..... A) Major competitors are based in low cost locations. B) Differences in consumer tastes and preferences. C) Differences in traditional practices and infrastructure. D) Differences in distribution channels. Show Answer Correct Answer: A) Major competitors are based in low cost locations. 38. Which trade theory suggests that economies of scale and network effects can lead to trade even when countries do not differ in terms of resource endowments or technology? A) Comparative Advantage. B) Absolute Advantage. C) New Trade Theory. D) Heckscher-Ohlin Theory. Show Answer Correct Answer: C) New Trade Theory. 39. Which approach involves understanding and adapting to the cultural norms and practices of a different country or market? A) Cultural Awareness. B) Cultural Compatible Resources Deployment. C) Cultural Risk. D) Market Analysis. Show Answer Correct Answer: A) Cultural Awareness. 40. The protects public health by regulating food products, human and animal prescription medications, medical devices, cosmetic products, and a variety of other consumer items. A) WHO. B) USDA. C) UN. D) FDA. Show Answer Correct Answer: D) FDA. 41. How do gender roles vary in different cultures? A) Assigned based on gender. B) Equal opportunities for all. C) No roles assigned. D) None of the above. Show Answer Correct Answer: A) Assigned based on gender. 42. Which of the following statement is true about Comparative Advantage theory? A) The most efficient country is the one that can produce goods at the lowest opportunity cost. B) It does not support free trade among nation. C) A country should import goods that it is most efficient in production. D) Countries should not trade with each other and produce all goods independently. Show Answer Correct Answer: A) The most efficient country is the one that can produce goods at the lowest opportunity cost. 43. Regional economic integration ..... A) Aim to reduce or eliminated tariff and non tariff barrier between member countries. B) Limits free flow of goods and services as well as factor of production among member countries. C) Reduces economy activity and makes doing business more difficult among nations within the alliances. D) Discourages member companies to internationalize into neighboring countries within blocs. Show Answer Correct Answer: A) Aim to reduce or eliminated tariff and non tariff barrier between member countries. 44. The structures, processes, and activities by which a nation governs itself is called A) Political ideology. B) Political view. C) Political system. D) Pollical economy. Show Answer Correct Answer: C) Political system. 45. Watches made in Norway are worn by people in California. A) Import. B) Export. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import. 46. According to which theory, human beings have fundamental rights and privileges that transcend national boundaries and cultures? A) Rights. B) Justice. C) All the above. D) None of the above. Show Answer Correct Answer: A) Rights. 47. Cars built in the USA is shipped to the UAE. A) Import. B) Export. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import. 48. What is one of the main challenges in the international business environment? A) Predictability of market conditions. B) Cultural misunderstandings. C) Uniform legal regulations. D) Lack of competition. Show Answer Correct Answer: B) Cultural misunderstandings. 49. The ..... theory viewed international trade as a zero-sum game. A) Mercantilism. B) Comparative advantage. C) Strategic trade. D) National competitive advantage of industries. Show Answer Correct Answer: A) Mercantilism. 50. The exchange of goods and services between countries is know as? A) Export. B) Commerce. C) International trade. D) Domestic trade. Show Answer Correct Answer: C) International trade. 51. Identify one major risk associated with international business. A) Cultural misunderstandings. B) Increased shipping costs. C) Political instability. D) High employee turnover. Show Answer Correct Answer: C) Political instability. 52. Tourism not related to international business A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 53. Pressures for global integration-lowpressures for local responsiveness-high A) International strategy. B) Multidomestic strategy. C) Global strategy. D) Transnational strategy. Show Answer Correct Answer: B) Multidomestic strategy. 54. Is the following an advantage or a disadvantage of international business locations?"Quality issues" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: B) Disadvantage. 55. Which of the following is a market entry strategy in international business? A) Franchising. B) Contracting. C) Outsourcing. D) None of the above. Show Answer Correct Answer: A) Franchising. 56. Which of the following is a factor for scanning international markets? A) Legal uniformity. B) Political ideologies. C) Technological stagnation. D) Cultural homogeneity. Show Answer Correct Answer: B) Political ideologies. 57. An individual with a strong sense of personal ethics is more likely to behave in an unethical manner in a business setting. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 58. What is the main characteristic of a merger as a mode of entry? A) A more-than-friendly acquisition between roughly equal companies. B) A financial transaction to gain control of the target's operations. C) An agreement between two parties to cooperate in a certain way for a certain time. D) The formal establishment of business operations on foreign soil. Show Answer Correct Answer: A) A more-than-friendly acquisition between roughly equal companies. 59. What is the primary goal of international business? A) To focus solely on domestic sales. B) To expand market reach and increase profitability. C) To reduce competition in local markets. D) To limit product diversity across regions. Show Answer Correct Answer: B) To expand market reach and increase profitability. 60. What is a Multinational Corporation (MNC)? A) A company that operates in multiple countries and has production or service facilities outside its country of origin. B) An tax imposed on imported goods and services. C) An investment made by a company in one country in business interests located in another country. D) A commercial agreement in which two or more parties agree to pool their resources and expertise to achieve a specific goal. Show Answer Correct Answer: A) A company that operates in multiple countries and has production or service facilities outside its country of origin. ← PreviousNext →Related QuizzesCommerce QuizzesClass 11 QuizzesClass 11 Business Studies Chapter 10 International Business Quiz 1Class 11 Business Studies Chapter 10 International Business Quiz 2Class 11 Business Studies Chapter 10 International Business Quiz 3Class 11 Business Studies Chapter 10 International Business Quiz 4Class 11 Business Studies Chapter 10 International Business Quiz 5Class 11 Business Studies Chapter 10 International Business Quiz 6Class 11 Business Studies Chapter 10 International Business Quiz 7Class 11 Business Studies Chapter 10 International Business Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books