This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 13 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. "E-commerce" refers to: A) Selling products at low cost. B) Electronic commerce through digital platforms. C) Trade of eco-friendly products. D) Commerce between large companies. Show Answer Correct Answer: B) Electronic commerce through digital platforms. 2. How would you evaluate the importance of market entry strategies for a multinational corporation? A) They are irrelevant in global marketing. B) They determine the success of entering and sustaining in a new market. C) They focus only on reducing costs. D) They are only applicable to small businesses. Show Answer Correct Answer: B) They determine the success of entering and sustaining in a new market. 3. As an UK company, starting a phone business in India, which of the following cultural barriers might you face? A) Market entry. B) Transaction complexity. C) Ignorance of emerging markets. D) All of these. Show Answer Correct Answer: D) All of these. 4. Which gaming console became one of the most in-demand Christmas gifts during its launch season? A) Nintendo Wii. B) Xbox 360. C) Game Boy Color. D) PlayStation 2. Show Answer Correct Answer: A) Nintendo Wii. 5. Seraong penengah dapat melakukan dua jenis hubungan, langsung dan tidak langsung. Yang manakah yang dapat melakukan hubungan langsung? A) Government Banks. B) Investment Banks. C) Central Banks. D) Commercial Banks. Show Answer Correct Answer: B) Investment Banks. 6. What does regionalism refer to? A) A) Favoring local supplies rather over international. B) B) Formation of economic agreements between countries within a specific geographic region. C) C) Standardizing products for global market. D) B and C. Show Answer Correct Answer: B) B) Formation of economic agreements between countries within a specific geographic region. 7. Why might a UAE company outsource its customer service to another country? A) To expand globally. B) To reduce costs and increase efficiency. C) To build a joint venture. D) To license its brand. Show Answer Correct Answer: B) To reduce costs and increase efficiency. 8. Identify the importance of International Business A) Expanding sales. B) Distance barrier. C) Difference in Law. D) To spread business risks. Show Answer Correct Answer: D) To spread business risks. 9. Which of the following is NOT a driving force of globalization? A) Technological advancements. B) Protectionist policies. C) Cultural exchange. D) Political stability. Show Answer Correct Answer: B) Protectionist policies. 10. Selling goods and services to another country is considered? A) Reseller. B) Importing. C) Eksporting. D) Exporting. Show Answer Correct Answer: D) Exporting. 11. Expatriate managers located in cultures characterized by ..... have noticed that local employees are highly motivated by retirement programs. A) Low uncertainty avoidance. B) High future orientation. C) Low masculinity. D) High power distance. Show Answer Correct Answer: B) High future orientation. 12. In international business, miscommunication can cause loss of trust, damaged relationships, and loss of business. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 13. ..... involves cross-border transactions of goods and services between two or more countries A) International business. B) Domestic market. C) Inter state market. D) None of them are true. Show Answer Correct Answer: A) International business. 14. Resources available = 200 units for each countryProduction in GhanaCocoa = 10 tonsRice = 5 tonsProduction in South KoreaCocoa = 2.5 tonsRice = 10 tonsQuestion:South Korea has the absolute advantage in producing which product? A) Cocoa. B) Rice. C) All the above. D) None of the above. Show Answer Correct Answer: B) Rice. 15. North American Free Trade Agreement (NAFTA) A) Agreement that created a free-trade area among the United States, Canada, and Mexico. B) A permanent global institution to promote international trade and to settle international trade disputes. C) Is a company that conducts business in only one country, which is known as the home country. D) None of the above. Show Answer Correct Answer: A) Agreement that created a free-trade area among the United States, Canada, and Mexico. 16. According to Adam Smith, the trade between countries should happen ..... A) Naturally according to the market forces. B) Under government regulation. C) Using factors that are available. D) Only when a country has an absolute advantage. Show Answer Correct Answer: A) Naturally according to the market forces. 17. Performa Invoice is issued by the- A) Shipping company of importer. B) Exporter to the shipping company. C) Importer to exporter. D) Exporter to importer. Show Answer Correct Answer: D) Exporter to importer. 18. ..... is one of the element of culture? A) Reading. B) Food. C) Technology. D) Writing. Show Answer Correct Answer: B) Food. 19. What type of strategy adapts products to suit local preferences? A) Global Strategy. B) Combination Strategy. C) Retrenchment Strategy. D) Multinational Strategy. Show Answer Correct Answer: D) Multinational Strategy. 20. Which framework helps firms decide when to attack and counter-attack each other? A) WOG framework. B) BOS framework. C) JV framework. D) AMC framework. Show Answer Correct Answer: D) AMC framework. 21. When one country purchases goods from another country, it is known as A) Import Trade. B) Export Trade. C) National Trade. D) Local trade. Show Answer Correct Answer: A) Import Trade. 22. Who issue Mate Receipt? A) Captain of the ship. B) Port Supervisor. C) Customs Authority. D) Shipping Company. Show Answer Correct Answer: A) Captain of the ship. 23. Abstract ideas about what a society believes to be good, right and desirable, are A) Economics. B) Values. C) Technology. D) Politics. Show Answer Correct Answer: B) Values. 24. Engaging in CSR can help mitigate reputational risks and potential legal liabilities associated with environmental and social impacts. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. Bill of Entry for keeping for keeping goods in warehouse is of A) White colour. B) Yellow colour. C) Red Colour. D) Green Colour. Show Answer Correct Answer: B) Yellow colour. 26. Governments encourage and promote its country's exports primarily because A) Exports increase government revenues by selling export insurance. B) Exports increase the country's international image and reputation. C) Exports create jobs and foster economic prosperity. D) None of the above. Show Answer Correct Answer: C) Exports create jobs and foster economic prosperity. 27. These below are elements of import-export contracts except, A) Risk, International Payments, Default, Essential Terms. B) Risk, Default, Intellectual Property Rights, Essential Terms. C) Risk, International Payments, Default, Tarrifs. D) Risk, International Payments, Essential Terms. Show Answer Correct Answer: B) Risk, Default, Intellectual Property Rights, Essential Terms. 28. ..... involves producing goods at home and then shipping them to the receiving country for sale. A) FDI. B) Licensing. C) Exporting. D) Importing. Show Answer Correct Answer: C) Exporting. 29. Disadvantages of franchising for the franchisee include: A) High initial investment and ongoing fees. B) Less control and flexibility compared to owning a business. C) Dependence on the franchisor's success and reputation. D) All of the above. Show Answer Correct Answer: D) All of the above. 30. With a policy of ..... , a country focuses on its own problems and does not get involved in other countries' issues. A) National interest. B) Foreign policy. C) Isolationism. D) Internationalism. Show Answer Correct Answer: C) Isolationism. 31. Which of the following would be considered an international business transaction? A) Purchasing products in one country and assembling them in the same country. B) Recruiting employees internationally. C) Borrowing money from a major bank to finance capital improvements. D) Shipping finished products from one country to another for retail sale. Show Answer Correct Answer: D) Shipping finished products from one country to another for retail sale. 32. Post shipment finance can be availed for A) Short term. B) Medium term. C) Long term. D) All of the above. Show Answer Correct Answer: D) All of the above. 33. A rule or law that slows or prevents trading with other nations A) Export. B) Trade Barrier. C) Tariff Barrier. D) Import. Show Answer Correct Answer: B) Trade Barrier. 34. Name one major cultural difference that can impact international business. A) Individualism versus collectivism. B) Monochronic versus polychronic time orientation. C) Power distance index variations. D) High-context versus low-context communication. Show Answer Correct Answer: A) Individualism versus collectivism. 35. What is one of the reasons to study International Business? A) To focus only on domestic markets. B) To avoid cultural diversity. C) To limit competition. D) To keep track of the latest business instruments. Show Answer Correct Answer: D) To keep track of the latest business instruments. 36. ..... :Selling goods in foreign markets at a price below cost. A) Ditching. B) Dumping. C) Deserting. D) Directing. Show Answer Correct Answer: B) Dumping. 37. What does the network internationalization model emphasize in the process of internationalization? A) Network building in foreign countries to reduce the liability of outsidership. B) Sporadic exports. C) Licensing agreements. D) Building production subsidiaries. Show Answer Correct Answer: A) Network building in foreign countries to reduce the liability of outsidership. 38. When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as A) Licensing. B) Contract manufacturing. C) Franchising. D) Joint ventures. Show Answer Correct Answer: D) Joint ventures. 39. ..... is the predecessor WTO. A) The General agreement on Tariff and Trade. B) International monetary fund. C) World bank. D) International Trade Organization. Show Answer Correct Answer: A) The General agreement on Tariff and Trade. 40. What is the foreign exchange market? A) A physical marketplace in New York. B) A government-run currency exchange program. C) A series of interconnected entities trading currencies. D) An online platform for currency trading. Show Answer Correct Answer: C) A series of interconnected entities trading currencies. 41. A place where trade occurs A) Resource. B) Import. C) Market. D) Export. Show Answer Correct Answer: C) Market. 42. This country's economy is dependent on oil and their economy is the largest in the Arab world. A) Saudi Arabia. B) South Korea. C) Russia. D) None of the above. Show Answer Correct Answer: A) Saudi Arabia. 43. What is the significance of market research in international business? A) Market research focuses solely on product pricing strategies. B) Market research is irrelevant in understanding global trends. C) Market research is only important for domestic businesses. D) Market research is crucial for understanding consumer behavior and market dynamics in international business. Show Answer Correct Answer: D) Market research is crucial for understanding consumer behavior and market dynamics in international business. 44. Apa yang dimaksud dengan regional economic integration? A) Integrasi ekonomi antara negara-negara yang memiliki kesamaan bahasa. B) Integrasi ekonomi antara negara-negara di seluruh dunia. C) Integrasi ekonomi antara negara-negara yang memiliki kesamaan budaya. D) Integrasi ekonomi antara negara-negara yang memiliki kesamaan agama. E) Integrasi ekonomi antara negara-negara di satu wilayah geografis. Show Answer Correct Answer: E) Integrasi ekonomi antara negara-negara di satu wilayah geografis. 45. Value added tax is added only when the final product is sold to the consumer. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 46. Which of the following is NOT an example of a trade barrier? A) Emotional. B) Physical. C) Cultural. D) Political. Show Answer Correct Answer: A) Emotional. 47. Strategic alliances allow firms to share risks and access partner specific assets while maintaining independent legal ownership. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 48. By the late 1990s, how many countries had applied for EU membership? A) 13. B) 15. C) 12. D) 10. Show Answer Correct Answer: A) 13. 49. Why are grants considered unique? A) They are only available to businesses. B) They are only given to individuals. C) They must be repaid with interest. D) They do not require repayment. Show Answer Correct Answer: D) They do not require repayment. 50. Which of the following is not a component of the Basic Business Structure as shown in the diagram? A) Technology. B) Accounting. C) Ethics. D) International Business. Show Answer Correct Answer: A) Technology. 51. Which of the following is NOT a geographical condition? A) Climate. B) Trade Laws. C) Nearest body of water. D) Livestock. Show Answer Correct Answer: B) Trade Laws. 52. Minimum barriers or restrictions; however, circumstances arise when it is necessary to have barriers is ..... A) Free Trade. B) Guarded Trade. C) Competition. D) Partnership. Show Answer Correct Answer: A) Free Trade. 53. If an industry is mature or an oligopoly, what is the desirability of increasing industry supply through acquisition? A) Moderate. B) Unaffected. C) High. D) Low. Show Answer Correct Answer: D) Low. 54. In order for all of your business's processes, procedures and standards to be effective, they must be:documented A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 55. UNIT 3:ABOUT WHERE YOU WORK'dialogue'A:Are there ..... restaurants nearby?B:No. there aren't. A) Any. B) Are. C) Some. D) Few. Show Answer Correct Answer: A) Any. 56. Which of the following is a characteristic of a high-context culture? A) Communication is explicit and direct. B) Reliance on non-verbal cues and context. C) Written agreements are prioritized. D) Minimal importance given to relationships. Show Answer Correct Answer: B) Reliance on non-verbal cues and context. 57. Brazilians, like the U.S., communicate directly and you have to be careful with the use of slang. Their communication style is A) High-context. B) Low-context. C) All the above. D) None of the above. Show Answer Correct Answer: B) Low-context. 58. What does FOB stand for in shipping terms? A) First Order Buyer. B) Free of Borders. C) Freight Over Budget. D) Free on Board. Show Answer Correct Answer: D) Free on Board. 59. What is a multilateral development bank (MDB)? A) A partnership formed to create competitive advantage. B) An internationally supported bank that provides loans to developing countries. C) A firm that operates on a worldwide scale. D) An independent agency of the U.S. government. Show Answer Correct Answer: B) An internationally supported bank that provides loans to developing countries. 60. Mengapa banyak negara cenderung campur tangan dalam perdagangan internasional meskipun berkomitmen pada perdagangan bebas? A) Untuk meningkatkan keamanan nasional. B) Untuk mengurangi kepentingan kelompok masyarakat. C) Untuk melindungi kepentingan kelompok politik yang berpengaruh. D) Untuk melindungi kepentingan produsen lokal. Show Answer Correct Answer: C) Untuk melindungi kepentingan kelompok politik yang berpengaruh. ← 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