This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 12 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the role of the International Monetary Fund (IMF)? A) To assist in financing the exports of American firms. B) To make short-term loans to developing countries experiencing balance-of-payment deficits. C) To provide loans to developing countries. D) To create competitive advantage on a worldwide basis. Show Answer Correct Answer: B) To make short-term loans to developing countries experiencing balance-of-payment deficits. 2. Cross-border advertising is an activity of international business A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 3. What factors should a company consider before expanding internationally? A) Office location. B) Market research, cultural differences, legal requirements, economic stability, competition, supply chain logistics, and potential risks. C) Employee benefits. D) Branding strategies. Show Answer Correct Answer: B) Market research, cultural differences, legal requirements, economic stability, competition, supply chain logistics, and potential risks. 4. The following are the common types of political risk except: A) Expropriation/government interference. B) Transfer and Conversion. C) Currency devaluation. D) Political violence. Show Answer Correct Answer: C) Currency devaluation. 5. Which of the following best describes Hofstede's Cultural Dimensions? A) A framework for analyzing political stability. B) A tool for understanding cultural differences in global marketing. C) A method for calculating economic risks. D) A strategy for entering new markets. Show Answer Correct Answer: B) A tool for understanding cultural differences in global marketing. 6. Which mode of entry is typically the easiest way to enter an international market? A) Outsourcing. B) Exporting. C) Partnership. D) Acquisitions. Show Answer Correct Answer: B) Exporting. 7. Export-a commodity, article, or service brought in from abroad for sale. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 8. How many steps of the Strategic Management Process? A) 7-step process. B) 8-step process. C) 6-step process. D) 5-step process. Show Answer Correct Answer: B) 8-step process. 9. In 2006 this Spanish speaking country achieved the highest nominal GDP per capita in Latin America. A) Brazil. B) Mexico. C) Chili. D) None of the above. Show Answer Correct Answer: C) Chili. 10. Takes place when you observe a person and infer meaning. A) Non-Verbal Communication. B) Written Communication. C) Verbal Communication. D) Email Proposal. Show Answer Correct Answer: A) Non-Verbal Communication. 11. Which strategy is the most suitable for the firm that face both high cost pressures and high pressures for local responsiveness A) Global standardization. B) Localization. C) Transnational. D) International. Show Answer Correct Answer: C) Transnational. 12. When a company decides to examine the competition's financial and marketing performance they assign the task to whom? A) Market Analyst. B) Engineer. C) Brand Manager. D) Marketing Director. Show Answer Correct Answer: A) Market Analyst. 13. Exporters can access financing through export credits, trade finance, and export factoring to support their international trade activities. This is known as ..... A) Export Quotas. B) Export Financing. C) Export Subsidies. D) Export Tariffs. Show Answer Correct Answer: B) Export Financing. 14. To take advantage of tax incentives is an ..... reason why companies venture into International Marketing. A) Internal. B) External. C) Not in the choices. D) None of the above. Show Answer Correct Answer: B) External. 15. THEY LIMIT WORLD TRADE A) TRADE BARRIERS. B) THEORY OF ABSOLUTE ADVANTAGE. C) THEORY OF COMPARATIVE ADVANTAGE. D) BALANCE OF PAYMENT. E) PROTECTIONISM. Show Answer Correct Answer: A) TRADE BARRIERS. 16. The cost incurred in producing an additional unit of a product is called- A) Opportunity cost. B) Marginal cost. C) All the above. D) None of the above. Show Answer Correct Answer: B) Marginal cost. 17. This organization is the largest international economic organization in the world. A) WTO. B) GATT. C) NAFTA. D) MFN. Show Answer Correct Answer: A) WTO. 18. A distinct subgroup of customers who share certain personal/behavioral characteristics is known as a market segment. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. What types of programs does Airbnb operate to meet local guest expectations? A) City-specific partnership programs. B) Country-specific partnership programs. C) Global partnership programs. D) Regional partnership programs. Show Answer Correct Answer: B) Country-specific partnership programs. 20. Ethical concerns A) Benefits. B) Limitations. C) All the above. D) None of the above. Show Answer Correct Answer: B) Limitations. 21. What is one potential disadvantage of international trade in terms of goods imports? A) It promotes the well-being of the people. B) It leads to a shortage of goods in the domestic market. C) It has no impact on the economy and well-being of the people. D) It has a positive effect on the economy and well-being of the people. Show Answer Correct Answer: B) It leads to a shortage of goods in the domestic market. 22. Some of the major challenges facing the EU include: A) Economic instability, migration, climate change, and political fragmentation. B) Rapid population growth, lack of natural resources, and isolationism. C) Excessive military spending, tropical diseases, and space exploration. D) Frequent earthquakes, tsunamis, and volcanic eruptions. Show Answer Correct Answer: A) Economic instability, migration, climate change, and political fragmentation. 23. The US, European Union, and Japan are referred to as the Triad in international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 24. A matrix organization combines: A) Product and geographic structures. B) Function and customer structures. C) Market and finance structures. D) Region and supply chain. Show Answer Correct Answer: A) Product and geographic structures. 25. Suppose that the exchange rate between the dollar and the peso changed from 6 pesos per dollar to 8 pesos per dollar. This change means that the ..... A) Peso appreciated in value. B) Peso depreciated in value. C) Dollar depreciated in value. D) None of the above. Show Answer Correct Answer: B) Peso depreciated in value. 26. Which of the following is NOT listed as a barrier to International Trade in the image? A) Economic. B) Environmental. C) Legal. D) Technological. Show Answer Correct Answer: B) Environmental. 27. Which of the following export documents is known as document of title? A) Proforma Invoice. B) Bill of Exchange. C) Mate's Receipt. D) Bill of lading. Show Answer Correct Answer: D) Bill of lading. 28. Trade-the action of buying and selling goods and services. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 29. The British Chambers of Commerce is a network of how many accredited chambers of commerce across the UK? A) 75. B) 100. C) 150. D) 53. Show Answer Correct Answer: D) 53. 30. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'Does she like ..... (your ideas)? A) It. B) Him. C) Me. D) Us. Show Answer Correct Answer: A) It. 31. Yang bukan menjadi argumen politis suatu negara melakukan intervensi perdagangan nasional dibawah ini adalah ..... A) Menjaga Produsen Lokal. B) Menjaga Industri yang masih "bayi". C) Menjaga Lingkungan dan Hak Asasi Manusia. D) Menjaga Hubungan dengan Kekuatan Politik Tertentu. Show Answer Correct Answer: B) Menjaga Industri yang masih "bayi". 32. Which agreement established the WTO at the end of the Uruguay Round? A) Paris Trade Accord. B) Marrakesh Agreement. C) Tokyo Round Protocol. D) Doha Declaration. Show Answer Correct Answer: B) Marrakesh Agreement. 33. This country is NOT part of the Pacific Alliance free trade agreement. A) Chile. B) Ecuador. C) Colombia. D) Mexico. Show Answer Correct Answer: B) Ecuador. 34. Many of the ethical issues and dilemmas in international business are rooted in the fact that ..... vary/varies significantly from nation to nation. A) Political systems. B) Culture. C) Law. D) Economic development. E) All of these answers are correct. Show Answer Correct Answer: E) All of these answers are correct. 35. Protectionism policies such as tariffs and quotas are used because A) The government wants to make it harder for companies in other countries to compete with local companies. B) Consumers need to be protected from inferior or hazardous products. C) The country needs additional revenue. D) None of the above. Show Answer Correct Answer: A) The government wants to make it harder for companies in other countries to compete with local companies. 36. What is a supply chain? A) A supply chain is a network of organizations, resources, activities, and technology involved in the production, distribution, and delivery of goods and services to end consumers. B) A supply chain is a financial report detailing company profits and losses. C) A supply chain is a marketing strategy used to attract new customers. D) A supply chain is a type of computer software for graphic design. Show Answer Correct Answer: A) A supply chain is a network of organizations, resources, activities, and technology involved in the production, distribution, and delivery of goods and services to end consumers. 37. What does a low-cost leadership strategy focus on? A) High-quality service. B) Unique product design. C) Lowest cost structure. D) Narrow market segment. Show Answer Correct Answer: C) Lowest cost structure. 38. What is the term for the legal right granted to a company to use another company's brand, product, or process in exchange for a fee? A) Merger. B) Licensing. C) Joint venture. D) Franchising. Show Answer Correct Answer: D) Franchising. 39. International trade usually reduces the product choices available to consumers. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 40. You send a long email. The reply is one sentence.What is the safest interpretation? A) They are angry. B) They agree with everything. C) They didn't read it. D) They understood differently. Show Answer Correct Answer: D) They understood differently. 41. What is the culture element must be concern when setting the selling price in different countries A) Social structure. B) Religions. C) Silent language. D) Social distance. Show Answer Correct Answer: A) Social structure. 42. Comprises the planning tasks, control and all processes concerning the flow of goods and information between production companies and customers." A) Logistics. B) Procedures. C) Quality. D) Distribution and delivery. Show Answer Correct Answer: A) Logistics. 43. International trade and investment are vital drivers of ..... A) Investment. B) Globalization. C) Economic growth. D) Company. Show Answer Correct Answer: C) Economic growth. 44. A global firm that sells electronics and structures its international operations into 'Smartphones, ' 'Laptops, ' and 'Televisions' is an example of: A) Functional form. B) Product form. C) Geographic form. D) Matrix form. Show Answer Correct Answer: B) Product form. 45. Which constraint is most likely to affect SMIEs' ability to compete internationally? A) Large-scale production capabilities. B) High level of brand recognition. C) Limited financial and human resources. D) Extensive global supply chains. Show Answer Correct Answer: C) Limited financial and human resources. 46. An agreement between two or more companies to share a business project-this business is on a limited basis for control A) Franchising. B) Joint venture. C) Licensing. D) Infrastructure. Show Answer Correct Answer: B) Joint venture. 47. Which dimension reflects the extent to which a society values long-term commitments and respect for tradition over short-term gains? A) Power Distance. B) Individualism-Collectivism. C) Uncertainty Avoidance. D) Long-term Orientation. Show Answer Correct Answer: D) Long-term Orientation. 48. Which sector is likely to benefit from job creation due to capital-intensive exports? A) Global market. B) Importing country. C) Exporting country. D) Neighboring countries. Show Answer Correct Answer: C) Exporting country. 49. When visiting another country, you should practice their customs and beliefs even if it is harmful to your personal beliefs A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 50. Examples of political risk include A) Trade sanctions. B) Expropriation. C) Economic Nationalism. D) Civil Unrest or War. E) All of them. Show Answer Correct Answer: E) All of them. 51. If I am better at all types of production, I have the ..... In all forms of production. A) Specialization. B) Developed nation. C) Absolute advantage. D) Comparative advantage. Show Answer Correct Answer: C) Absolute advantage. 52. How is comparative advantage defined? A) You produce the things you are especially good at, and buy from others, the goods you are less efficient in producing. B) To produce and consume all goods without trade. C) How the world actually works. D) Globalization, growing economic linkages among countries. Show Answer Correct Answer: A) You produce the things you are especially good at, and buy from others, the goods you are less efficient in producing. 53. An e-commerce platform allows customers to shop seamlessly across mobile apps, websites, physical stores, and social media channels. This approach is called ..... ? A) Digital transformation. B) Omnichannel. C) Multichannel. D) Cross-platform. Show Answer Correct Answer: B) Omnichannel. 54. The lowering or elimination of protective tariffs and other trade barriers between two or more nations. A) Free trade. B) Protectionism. C) Balance of trade. D) None of the above. Show Answer Correct Answer: A) Free trade. 55. Key controllable factors in global marketing are: A) Government policy and legislation. B) Social and technical changes. C) Marketing activities and plans. D) All of the above. Show Answer Correct Answer: C) Marketing activities and plans. 56. Which of the following is a major driver of international business growth? A) Trade liberalization. B) Political isolation. C) Decreased global communication. D) Economic protectionism. Show Answer Correct Answer: A) Trade liberalization. 57. What are the different global market entry strategies? A) Exporting, licensing, franchising, joint ventures, and direct investment. B) Importing, leasing, outsourcing, strategic alliances, and indirect investment. C) Importing, leasing, outsourcing, strategic alliances, and indirect investment. D) Importing, leasing, outsourcing, strategic alliances, and indirect investment. Show Answer Correct Answer: A) Exporting, licensing, franchising, joint ventures, and direct investment. 58. 59) An example of a U.S. merchandise import is an automobile made in ..... and sold ..... A) Japan by a Japanese company; in the United States. B) The United States by a Japanese company; in the United States. C) The United States by a Japanese company; outside the United States. D) Japan by a U.S. company; outside the United States. Show Answer Correct Answer: A) Japan by a Japanese company; in the United States. 59. Finish the sentence:I am an engineer. I am in the engineering ..... A) Deployment. B) Department. C) Apartment. D) Deposition. Show Answer Correct Answer: B) Department. 60. What is a potential benefit of foreign direct investment (FDI) for local businesses? A) Decreased market competition. B) Access to new technologies. C) Increased regulatory hurdles. D) Reduced export opportunities. Show Answer Correct Answer: B) Access to new technologies. ← 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