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Class 11 Business Studies Chapter 10 International Business Quiz 11 (60 MCQs)

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1. An association of 12 member nations of southeast Asia to promote economic growth, free trade and economic collaboration between member nations.
2. What are Incoterms used for?
3. The team leader should generate enthusiasm in his team, maintain the morale under all conditions and obtain the maximum contribution from each member by his own example. True or false?
4. Which of the following is an example of localization strategy given by the reporter?
5. What is the first step in the market-and site-screening process?
6. UNIT 1:ABOUT YOUVocabulary:a/anIt isn't a ..... company.
7. Including all the business activities necessary for creating, shipping, and selling goods and services across national borders
8. Individual tastes, as measured by utility, of various bundles of goods. They permit the consumer to rank these bundles of goods according to the levels of utility they give the consumer.
9. A country being able to make a product or service at a lower cost than other countries is considered?
10. The lowering of trade and investment barriers allows firms to base production at the optimal location for that activity.
11. Which one of the following modes of entry requires higher level of risks?
12. Which theory of International Business explains that firms become multinational corporations (MNCs) due to Ownership, Location, and Internalization (OLI) advantages?
13. When drawing up a written contract, you do not need to cover the general clause like insurance, inspection, claim ..... True or False?
14. Import-a tax or duty to be paid on a particular class of imports or exports.
15. Riskiest way of entering a new market, because it involves buying an existing business or setting a new one
16. This model explains that the interaction of these four groups of characteristics will determine a country's competitive advantage in the global arena.
17. Which of the following statements is true of the Leontief Paradox?
18. What is the main goal of protectionist policies?
19. Which of the following is NOT listed as a location disadvantage (LDA)?
20. Business activities that occur between two or more countries is ..... business.
21. Services are provided to you by other .....
22. The most widely used tool for diagnosing the principle competitive pressures in a market is the:
23. It is a step in Systematic Approach to Exporting where They identify qualified intermediaries and other foreign business partners.
24. What does 'productive efficiency' refer to?
25. Access to global Markets
26. Shows all of the different positions that a firm can adopt?
27. What does the term 'tariff' mean in international trade?
28. UNIT 3:ABOUT WHERE YOU WORK'dialogue'I work ..... an office ..... the station.
29. Attitudes about the world which can be either true or false.
30. Which of the following is a barrier to free trade?
31. How many stages does the international product life cycle (IPLC) have?
32. Local content requirements typically require what?
33. Which of the following best defines International Business?
34. What type of investment is it if you are investing in a country through its national stock market, there is no direct flow from investor to country, since the investor is investing in another company?
35. Which method of financing carries the lowest risk for the exporter?
36. A fast-food chain offers a unique menu in India that differs from its U.S. menu. Which strategic orientation does this illustrate?
37. Which form of international business involves a direct sale to customers located in another country?
38. Type of government, political stability and laws towards business are all examples of which of the elements of the international business environment?
39. Which of the following is an example of a direct export?
40. What is Incoterms?
41. Which type of risk refers to the potential loss due to fluctuations in exchange rates when dealing with international business transactions?
42. Product or service goes through (4) stages:Which one does NOT belong.
43. What is the role of family units in culture?
44. Licensing always allows a firm to retain full control over its technology and market strategy in the foreign market.
45. Which of the following involves acquiring ownership or control in a foreign company?
46. Define licensing in the context of international business.
47. How does Porter's Diamond Model contribute to international business?
48. Communication tends to be indirect, harmoniously structured, and understated. In conversation, people are expected to speak one after another in an orderly, linear fashion.
49. Challenge faced by international business are
50. What is an import quota?
51. ..... reduces trade barriers and encourages trade between countries.
52. A US company can obtain political risk insurance on an overseas subsidiary or investment from
53. Yang merupakan produk global dari Indonesia
54. The seller of an option is called
55. What is the primary purpose of these policies?
56. What is the main advantage of a product-based structure?
57. GATT was established in which year?
58. Communication problems
59. If a country allows trade and the domestic price of a good is higher than the world price .....
60. In mercantilism, The objective of each country is to have trade deficit and to avoid trade surplus.
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