This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 14 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. To make products by hand or machinery A) Translate. B) Manufacture. C) Embargo. D) Resource. Show Answer Correct Answer: B) Manufacture. 2. Mercantilism is the earliest theories on international trade. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 3. These countries border South Africa A) Egypt and Tanzania. B) Namibia and Botswana. C) Namibia and Sudan. D) Mozambique and Somalia. Show Answer Correct Answer: B) Namibia and Botswana. 4. A telephone is an example of a A) Service. B) Good. C) All the above. D) None of the above. Show Answer Correct Answer: B) Good. 5. Name two advantages of international trade. A) Higher costs and reduced efficiency. B) Increased bureaucracy and paperwork. C) Increased efficiency and lower costs, and access to new markets and resources. D) Limited access to new markets and resources. Show Answer Correct Answer: C) Increased efficiency and lower costs, and access to new markets and resources. 6. Which issue has further complicated WTO negotiations in recent years? A) Climate change. B) Agricultural subsidies. C) IP protection. D) Tariffs on textiles. Show Answer Correct Answer: A) Climate change. 7. Unfavorable balance of payment it also termed as ..... A) Surplus. B) Adverse. C) All the above. D) None of the above. Show Answer Correct Answer: B) Adverse. 8. How do multinational enterprises (MNEs) typically contribute to sustainable development? A) By focusing solely on short-term profits. B) By integrating sustainable practices into their global operations. C) By limiting their market reach to domestic markets. D) By avoiding international regulations. Show Answer Correct Answer: B) By integrating sustainable practices into their global operations. 9. Negative reaction to a gesture or action would be considered a A) Sociocultural Factor. B) Political Factor. C) Technological Factor. D) Economic Factor. Show Answer Correct Answer: A) Sociocultural Factor. 10. What is the impact of standardization on brand experience? A) Diverse brand experience. B) Consistent brand experience. C) Localized brand experience. D) Variable brand experience. Show Answer Correct Answer: B) Consistent brand experience. 11. T/F:Banking is an example of an international service trade. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 12. A situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country. A) New trade. B) Free trade. C) International trade. D) None of the above. Show Answer Correct Answer: B) Free trade. 13. What are the advantages of strategic alliances in global business? A) Isolation from global markets. B) Access to new markets. C) Reduction in innovation. D) Increased competition. Show Answer Correct Answer: B) Access to new markets. 14. To be culturally sensitive, international businesses must be careful about how brand names A) Affect domestic sales. B) Relate to the company. C) Look in different fonts. D) Translate into other languages. Show Answer Correct Answer: D) Translate into other languages. 15. (a) is a system in which the government owns the nation's land, factories, and other economic resources A) A. Centrally planned system. B) Free market system. C) Open system. D) None of the above. Show Answer Correct Answer: A) A. Centrally planned system. 16. What defines Small and Medium-Sized International Enterprises (SMIEs) in the context of international business? A) Firms with fewer than 50 employees and limited international presence. B) Firms with significant international operations and revenues in multiple countries. C) Firms with 50-500 employees and operations in one or more international markets. D) Large corporations with extensive global networks and high revenues. Show Answer Correct Answer: C) Firms with 50-500 employees and operations in one or more international markets. 17. "The goods were not loaded on the ship as they did not get the custom clearance due to lack of one of the main document."Identify the document which was required among the following:- A) Bill of clearance. B) Shipping bill. C) Bill of exchange. D) Custom bill. Show Answer Correct Answer: B) Shipping bill. 18. Gross Domestic Product (GDP) is: A) The measure of the amount of money a country owes to other countries. B) The measure of the output of products created within a country. C) The measure of the difference between what a country sells versus what a country buys from other countries. D) None of the above. Show Answer Correct Answer: B) The measure of the output of products created within a country. 19. What role does technology play in international marketing? A) Technology plays a crucial role in enabling global communication, data analysis, and e-commerce in international marketing. B) Technology is primarily used for product manufacturing. C) Technology has no impact on consumer behavior. D) Technology only affects local marketing strategies. Show Answer Correct Answer: A) Technology plays a crucial role in enabling global communication, data analysis, and e-commerce in international marketing. 20. For a host country that receives the investment, it can provide:organizational technologies and management skills, and as such it can provide a strong impetus for economic development. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. Among the factors that affect the balance of trade figures are A) Exchange rates, taxes, tariffs and trade measures. B) The business cycle at home or abroad. C) Trade barriers and agreements. D) Non tariff barriers. Show Answer Correct Answer: A) Exchange rates, taxes, tariffs and trade measures. 22. Australia's main export in 2014 to the UK was ..... A) Pearls. B) Gold. C) Silver. D) Beef. Show Answer Correct Answer: B) Gold. 23. The internal environment of international business includes: A) Political systems. B) Marketing strategies. C) Cultural differences. D) Technological advances. Show Answer Correct Answer: B) Marketing strategies. 24. UNIT 1:ABOUT YOUDIALOGUEA: ..... at the International Credit Bank?B:I'm in a legal department. I'm a lawyer. A) What do you do. B) Who do you work for. C) What's your job description. D) Where's your work. Show Answer Correct Answer: A) What do you do. 25. Which one of the following is not amongst India's major import items? A) Machinery. B) Pearls & precious products. C) Ayurvedic medicines. D) Oil & petroleum products. Show Answer Correct Answer: C) Ayurvedic medicines. 26. Which country's Christmas Eve dinner includes 12 meat-free dishes? A) Ukraine. B) Portugal. C) Argentina. D) Finland. Show Answer Correct Answer: A) Ukraine. 27. What is a Foreign Exchange Market? A) The awareness and understanding of cultural differences, norms, and values when conducting business internationally. B) The policy of allowing the trade of goods and services without tariffs or other restrictions. C) The exchange of one currency for another, necessary for international trade. D) The network of entities involved in the production and distribution of goods and services. Show Answer Correct Answer: C) The exchange of one currency for another, necessary for international trade. 28. In 2014, Australia exported this item the most to Singapore. A) Petroleum. B) Aircraft parts. C) Milk. D) Beef. Show Answer Correct Answer: A) Petroleum. 29. ONE COUNTRY MAY IMPOSE TARIFF IF THE OTHER COUNTRY DID THE SAME THING TO IT. A) NATIONAL DEFENSE. B) DUMPING. C) RETALIATION. D) CONSERVATION OF NATURAL RESOURCES. E) INFANT INDUSTRY. Show Answer Correct Answer: C) RETALIATION. 30. Letter of credit is a document that contains guarantee from the exporter's bank to the importer's bank. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 31. Which of these is an international trade agreement/organization? A) United Nations Educational, Scientific and Cultural Organization (UNESCO). B) United Nations (UN). C) World Trade Organization (WTO). D) Student Nonviolent Coordinating Committee (SNCC). Show Answer Correct Answer: C) World Trade Organization (WTO). 32. A digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority is A) Currency Future. B) Hard Currency. C) Exchange Controls. D) Cryptocurrency. Show Answer Correct Answer: D) Cryptocurrency. 33. When determining the comparative advantage, one must determine A) Specialization. B) Opportunity cost. C) Absolute Advantage. D) None of the above. Show Answer Correct Answer: B) Opportunity cost. 34. What is the definition of exchange rate? A) The value of currency in one country as compared to the value of currency in another. B) The value of currency within a country. C) The value of goods and services in one country as compared to another. D) The value of goods and services within a country. Show Answer Correct Answer: A) The value of currency in one country as compared to the value of currency in another. 35. "Company activity inputs may come partly from other countries but outputs come entirely from the home country" is not considered as international business A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 36. Which function is part of the WTO's responsibilities? A) Regulating domestic price controls. B) Negotiating peace treaties. C) Issuing national customs tariffs. D) Providing a forum for trade talks. Show Answer Correct Answer: D) Providing a forum for trade talks. 37. Arsitektur organisasi melibatkan elemen-elemen berikut, kecuali: A) Keputusan finansial. B) Aliran informasi. C) Budaya organisasi. D) Struktur organisasi. Show Answer Correct Answer: A) Keputusan finansial. 38. Which of the following is NOT a long-standing controversy in the WTO? A) Agricultural subsidies in developed countries. B) Tariffs in industries where developing countries may have comparative advantages. C) IP protection. D) Climate change. Show Answer Correct Answer: D) Climate change. 39. Which of the following is a potential negative effect of trade protectionism? A) Increased competition for domestic producers. B) Improved trade relations with other countries. C) Higher prices for consumers. D) Increased variety of goods available. Show Answer Correct Answer: C) Higher prices for consumers. 40. Culture is often described as the collective programming of human thought and behaviour. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 41. Which from the list are major components of balance of payment (BOP) accounting system? i.Errors and Omissions ii. Portfolio Investment iii. Official Reserves iv.Foreign Direct Investment A) I and ii. B) I and iii. C) Ii and iii. D) Ii and iv. Show Answer Correct Answer: B) I and iii. 42. Goods and Services are ..... A) Products. B) Provided by people and are tangible. C) Wastes of money. D) Always needs. Show Answer Correct Answer: A) Products. 43. The advantage of the geographic region structure is: A) Easier central control from headquarters. B) Strong responsiveness to local markets. C) Lower administrative costs. D) Economies of scale in global production. Show Answer Correct Answer: B) Strong responsiveness to local markets. 44. Which element of culture includes the practices and beliefs related to spiritual or religious activities and institutions? A) Material Culture. B) Religion. C) Language. D) Manners and Customs. Show Answer Correct Answer: B) Religion. 45. What is the main purpose of foreign exchange markets? A) To regulate the stock market. B) Facilitate the exchange of one currency for another. C) To provide loans to foreign countries. D) To sell foreign goods. Show Answer Correct Answer: B) Facilitate the exchange of one currency for another. 46. Why might certain industries receive larger grants? A) They are located in urban areas. B) They have a higher potential for economic growth. C) They are more popular among consumers. D) They have fewer competitors in the market. Show Answer Correct Answer: B) They have a higher potential for economic growth. 47. Imitative theory is a theory of A) Foreign exchange. B) International trade. C) FDI. D) Export. Show Answer Correct Answer: C) FDI. 48. What is the purpose of designing international channels of distribution? A) To optimize product adaptation. B) To ensure efficient delivery of products to international markets. C) To standardize pricing strategies. D) To enhance global advertising. Show Answer Correct Answer: B) To ensure efficient delivery of products to international markets. 49. Which of the following is NOT mentioned as a factor influencing the long-run economic benefits of entering a national market? A) Economic growth rate. B) Current consumer purchasing power. C) Market population size. D) International political conditions. Show Answer Correct Answer: D) International political conditions. 50. Geographic region structures make it difficult for companies to respond to local customer needs. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 51. Offshoring always results in higher costs for companies. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 52. Modern days mercantilism is reflected in protectionism A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 53. Which statement best captures mercantilism's core policy advice? A) Trade increases between large, nearby economies. B) Specialize in goods with the lowest opportunity cost. C) Keep activities in-house to reduce transaction costs. D) Export more and import less to accumulate wealth. Show Answer Correct Answer: D) Export more and import less to accumulate wealth. 54. What is a potential power imbalance issue between host countries and MNEs? A) Host countries may feel that MNEs hold significant economic power, leading to tension and unease about potential exploitation. B) MNEs often lack the resources to influence host country policies. C) Host countries usually dominate MNEs in all negotiations. D) MNEs are typically more concerned about being exploited by host countries than vice versa. Show Answer Correct Answer: A) Host countries may feel that MNEs hold significant economic power, leading to tension and unease about potential exploitation. 55. The more closed a society is, the more important ..... group membership is. A) Acquired. B) Age based. C) Ascribed. D) Education. Show Answer Correct Answer: C) Ascribed. 56. Translation risk arises when a multinational company consolidates financial statements of its subsidiaries operating in foreign countries into a single reporting currency. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 57. It requires a firm to try to lower the cost of value creation. A) Differences in distribution channels. B) Pressure for cost reduction. C) International strategy. D) Host government demands. E) Ow pressures for local responsiveness. Show Answer Correct Answer: B) Pressure for cost reduction. 58. Using strategic thinking, explain why high entry barriers might facilitate collusion among firms in an industry. A) High entry barriers prevent new competitors, making it easier for existing firms to coordinate and maintain collusion. B) High entry barriers increase competition, making collusion less likely. C) High entry barriers have no effect on collusion. D) High entry barriers only benefit consumers. Show Answer Correct Answer: A) High entry barriers prevent new competitors, making it easier for existing firms to coordinate and maintain collusion. 59. What describes the strategic imperative related to service and speed in today's business environment? A) Providing what customers want only as per company convenience. B) Speed is considered an optional goal. C) Continually meeting customer needs quickly and establishing long-term relationships. D) Slowing down processes to ensure error-free outcomes. Show Answer Correct Answer: C) Continually meeting customer needs quickly and establishing long-term relationships. 60. Absolute restriction on the import of certain products from certain countries is called A) Protectionism. B) Boycott. C) Quota. D) Trade Embargo. Show Answer Correct Answer: B) Boycott. ← 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