This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 15 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What economic advantage can be gained by taking advantage of currency fluctuations? A) Increased taxation. B) Dependence on local resources. C) Exporting when the local currency is high against other currencies. D) Reduced profit margins. Show Answer Correct Answer: C) Exporting when the local currency is high against other currencies. 2. What are the potential risks of doing business on a foreign planet? A) Difficulty in understanding alien technology. B) Challenges in adapting to the alien planet's economy and laws. C) Problems in intergalactic transportation. D) Learning alien languages. Show Answer Correct Answer: B) Challenges in adapting to the alien planet's economy and laws. 3. What is the first step in a "country analysis" ? A) Making a Prediction. B) Identifying the Country's Strategy. C) Analyzing a Country's Context. D) Analyzing the Past Performance. Show Answer Correct Answer: D) Analyzing the Past Performance. 4. What is the main implication of globalization for businesses? A) Decrease in technological innovation. B) Access to global markets. C) Reduced competition. D) Lower cultural diversity. Show Answer Correct Answer: B) Access to global markets. 5. What impact do tariffs have on consumer prices in international trade? A) Tariffs have no effect on consumer prices. B) Tariffs generally lower consumer prices by reducing import costs. C) Tariffs increase consumer prices by raising the cost of imported goods. D) Tariffs only affect the prices of domestic goods. Show Answer Correct Answer: C) Tariffs increase consumer prices by raising the cost of imported goods. 6. Who is the current president of South Africa? A) Nelson Mandela. B) Abdullahi Mohamed. C) Vladimir Putin. D) Cyril Ramaphosa. Show Answer Correct Answer: D) Cyril Ramaphosa. 7. It was founded on January 1st 1995 according to the General agreement on trade and tarrif. A) WHO. B) FAO. C) IMF. D) WTO. Show Answer Correct Answer: D) WTO. 8. It is not easy to pursue since it places a conflicting demand in the company. A) Global Standardization strategy. B) Local Responsiveness Pressure. C) Cost-Reduction Pressure. D) Transnational Strategy. E) International Strategy. Show Answer Correct Answer: D) Transnational Strategy. 9. How do technological advancements affect global supply chains? A) Technological advancements improve efficiency, reduce costs, and enhance flexibility in global supply chains. B) Technological advancements lead to higher transportation costs globally. C) Technological advancements reduce the need for communication in supply chains. D) Technological advancements increase manual labor requirements in supply chains. Show Answer Correct Answer: A) Technological advancements improve efficiency, reduce costs, and enhance flexibility in global supply chains. 10. The order of issues on the agenda is fixed. True or false? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 11. What is the main idea behind Mercantilism? A) Imports are more valuable than exports. B) Trade should always be balanced. C) Countries should maximize exports and minimize imports. D) Free trade benefits all nations equally. Show Answer Correct Answer: C) Countries should maximize exports and minimize imports. 12. Which product is the least exported to Germany? A) Gold. B) Fruit and Nuts. C) Coal. D) Medical Instruments. Show Answer Correct Answer: B) Fruit and Nuts. 13. ..... are purchases of foreign financial assets for a purpose other than control. A) Foreign direct investments. B) Foreign portfolio investments. C) Global business investments. D) Indirect investments. Show Answer Correct Answer: B) Foreign portfolio investments. 14. What does international business include? A) Trade of goods and services within a country. B) Trade of goods and services between countries. C) Trade of goods and services within a city. D) Trade of goods and services within a continent. Show Answer Correct Answer: B) Trade of goods and services between countries. 15. Controls the transmission of physical materials through the value chain, from procurement through production and into distribution. A) Production. B) Human Resources. C) Information System. D) Research and Development. E) Logistics. Show Answer Correct Answer: E) Logistics. 16. List two benefits of trade and foreign direct investment. A) Economic growth and enhanced productivity. B) Increased unemployment and reduced innovation. C) Decreased market access and lower efficiency. D) Higher trade barriers and less competition. Show Answer Correct Answer: A) Economic growth and enhanced productivity. 17. Mercantilists believed that a country could increase the amount of wealth it had by ..... A) Promoting exports and discouraging imports. B) Discouraging exports and promoting imports. C) Controlling imports and exports. D) Increasing both imports and exports. Show Answer Correct Answer: A) Promoting exports and discouraging imports. 18. What is crucial for a firm to maintain its competitive advantage in terms of innovation? A) Focusing solely on traditional practices. B) Adapting to changes in consumer demands and continually innovating. C) Avoiding risks at all costs. D) Concentrating exclusively on domestic markets. Show Answer Correct Answer: B) Adapting to changes in consumer demands and continually innovating. 19. Which countries does the IMF have no power over regarding its loans? A) Countries that do not need its loans, even when running major budget deficits or current account deficits, such as the USA and the EU. B) Developing countries in financial difficulties. C) Countries that signed the Kyoto Protocol. D) Nations affected by climate change. Show Answer Correct Answer: A) Countries that do not need its loans, even when running major budget deficits or current account deficits, such as the USA and the EU. 20. Which of the following is a challenge in international human resource management? A) Increasing local taxes. B) Managing cultural differences. C) Using local financial systems. D) Selling local products overseas. Show Answer Correct Answer: B) Managing cultural differences. 21. Purchasing the right to use a company name or business process in a specific way. E.g. McDonald's, Burger King, KFC and Pizza Hut. A) Joint venture. B) Exporting. C) Franchising. D) Licensing. Show Answer Correct Answer: C) Franchising. 22. Which of the following is NOT a regional integration agreement shown on the map? A) NAFTA. B) SAARC. C) European Union. D) GCC. Show Answer Correct Answer: A) NAFTA. 23. UNIT 1:ABOUT YOUDIALOGUEA:My name's ..... I'm from ..... in Hong Kong. What's your name? A) Kurtis jarvis/Key Trading. B) Kurtis Jarvis/ Key Trading. C) Kurtis/key trading. D) Kurtis jarvis/ Key trading. Show Answer Correct Answer: B) Kurtis Jarvis/ Key Trading. 24. What is Individualism vs. Collectivism according to Hofstede's cultural dimensions? A) It measures the extent to which individuals prioritize their personal interests over group or societal interests. B) It measures the degree to which a society accepts inequality and power differences. C) It measures the extent to which people in a society avoid uncertainty and ambiguity. D) It measures the importance of long-term planning and perseverance in a society. Show Answer Correct Answer: A) It measures the extent to which individuals prioritize their personal interests over group or societal interests. 25. From the statement below, which is best describe the importance of size quota in International Monetary Fund (IMF)? A) To promote international monetary cooperation. B) To facilitate the expansion and balance growth of international trade. C) To determine its voting power within the IMF. D) To assist in the establishment of a multilateral system of payment. Show Answer Correct Answer: C) To determine its voting power within the IMF. 26. Bagaimana regional economic integration membantu pertumbuhan ekonomi? A) Semua jawaban salah. B) Meningkatkan perdagangan antara negara-negara. C) Meningkatkan persaingan antara negara-negara. D) Meningkatkan proteksionisme antara negara-negara. E) Meningkatkan biaya produksi. Show Answer Correct Answer: B) Meningkatkan perdagangan antara negara-negara. 27. Which of these is NOT a participant in the foreign exchange market? A) Governments. B) Banks. C) Individual consumers. D) Multinational companies. Show Answer Correct Answer: C) Individual consumers. 28. Explain the concept of direct investment in the context of foreign market entry. A) Direct investment involves buying stocks in a foreign company. B) Direct investment involves a company from one country making a physical investment in a foreign country, such as building a new factory or acquiring a local company. C) Direct investment refers to providing loans to a foreign government. D) Direct investment means exporting goods to a foreign country. Show Answer Correct Answer: B) Direct investment involves a company from one country making a physical investment in a foreign country, such as building a new factory or acquiring a local company. 29. A good or service sold to another country. A) Ethics. B) Import. C) Translate. D) Export. Show Answer Correct Answer: D) Export. 30. A multinational company needs to protect itself against currency fluctuation losses when expanding to Southeast Asia. The financial strategy they should employ is ..... ? A) Arbitrage. B) Diversification. C) Hedging. D) Liquidity management. Show Answer Correct Answer: C) Hedging. 31. What was Ubers primary mode of foreign market entry when expanding internationally? A) Franchising. B) Joint Ventures only. C) Foreign Direct Investment and Local Partnerships. D) Exporting. Show Answer Correct Answer: C) Foreign Direct Investment and Local Partnerships. 32. According to comparative advantage trade theory offered by Ricardo A) Nation should produce one good only. B) Produce most of what it is the best + some other goods and trade for the rest. C) Produce equal amount of all goods. D) Be completely self-sufficient. Show Answer Correct Answer: B) Produce most of what it is the best + some other goods and trade for the rest. 33. A function-based global structure organizes activities by: A) Geographic regions. B) Product lines. C) Corporate functions such as marketing, finance, operations. D) Business divisions. Show Answer Correct Answer: C) Corporate functions such as marketing, finance, operations. 34. Which trade organization was created to help provide loans for rebuilding after WW II A) World Trade Organization. B) International Monetary Fund. C) World Bank. D) None of the above. Show Answer Correct Answer: C) World Bank. 35. The main criticism of the Strategic theory is caused by lack of detailed information about costs of production and difficulty to determine what business deserves to be called "strategic" A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 36. Imports are goods that are brought into a country for sale. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 37. The Internet has been a major force facilitating international trade in services. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 38. Among the content of business negotiation summary, which of the following is not concerned? A) Preparation work. B) Negotiating efficiency and results. C) The writer of contract. D) Opponent's working style. Show Answer Correct Answer: C) The writer of contract. 39. Which international corporate form structures its operations based on the geographic regions it serves, with separate management for each region? A) Matrix organizations. B) Global corporate form-Function. C) Global corporate form-Product. D) Global corporate form-Geographic regions. Show Answer Correct Answer: D) Global corporate form-Geographic regions. 40. Mumbai and neighbouring areas in Maharashtra are more involved with the production of A) Silk. B) Cotton textiles. C) Jute products. D) Nylon. Show Answer Correct Answer: B) Cotton textiles. 41. Import quotas are used to help protect domestic companies from foreign competition. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 42. ..... are units undertaking to export their entire production of goods. A) Foreign Trade Policy. B) Export oriented units. C) Both a & b. D) None of the above. Show Answer Correct Answer: B) Export oriented units. 43. Which of the following is not one of the Four Asian Tigers? A) South Korea. B) Hong Kong. C) Taiwan. D) Japan. Show Answer Correct Answer: D) Japan. 44. Which Incoterm places all responsibility and risk on the buyer, starting from the seller's location? A) DDP. B) EXW. C) FOB. D) CIF. Show Answer Correct Answer: B) EXW. 45. If you are school shopping and you see notebooks with Disney characters, MLB teams, and Bluey on them, this would be an example of what? A) Licensing. B) Joint venture. C) Identity theft. D) Franchising. Show Answer Correct Answer: A) Licensing. 46. Which factor is crucial in managing international pricing? A) Factors affecting product design. B) Standard pricing versus country-by-country pricing. C) Push versus pull strategies. D) Direct versus indirect distribution. Show Answer Correct Answer: B) Standard pricing versus country-by-country pricing. 47. Greeting someone is an example of ..... A) Behavior. B) Education. C) Social structure. D) Language. Show Answer Correct Answer: D) Language. 48. When a firm wants both global efficiency and local responsiveness, the best choice is: A) Functional structure. B) Geographic structure. C) Matrix structure. D) Product structure. Show Answer Correct Answer: C) Matrix structure. 49. N some countries, it is illegal to publicly practice any religion other than one that is nationally recognized. A) TRUE. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 50. It's an option in which a parent company grants another company/firm the right to do business in a prescribed manner. A) Exporting. B) Foreign direct investment. C) Franchising. D) Licensing. Show Answer Correct Answer: C) Franchising. 51. TTIP stands for which agreement between the European Union and the United States? A) The Transatlantic Trade and Investment Pacific Ocean. B) The Transatlantic Trade and International Partnership. C) The Transatlantic Trade and International Pacific Ocean. D) The Transatlantic Trade and Investment Partnership. Show Answer Correct Answer: D) The Transatlantic Trade and Investment Partnership. 52. In Iowa farmers choose to produce large quantities of Corn. this is an example of ..... A) Diversification. B) Specialization. C) Absolute Advantage. D) Comparative Advantage. Show Answer Correct Answer: B) Specialization. 53. Under which standard, the values of currencies were fixed in terms of gold A) Silver-Gold. B) Gold. C) Gold-Silver. D) Gold Bond. Show Answer Correct Answer: B) Gold. 54. How does Infosys exemplify an international strategy? A) By offering standardized services globally. B) By customizing services for local markets. C) By maintaining a decentralized structure. D) By focusing on local responsiveness. Show Answer Correct Answer: A) By offering standardized services globally. 55. When traveling to Saudi Arabia, you need a ..... to enter the country. A) Interpretor. B) Travel guide. C) Travel agent. D) Wakeel. Show Answer Correct Answer: D) Wakeel. 56. What does sustainability emphasize in the context of competitive advantage? A) Sole focus on immediate profit maximization. B) A long-term perspective on sustaining the natural environment and building future business opportunities. C) Disregarding environmental considerations for short-term gains. D) Avoiding innovation to maintain traditional practices. Show Answer Correct Answer: B) A long-term perspective on sustaining the natural environment and building future business opportunities. 57. Countries usually impose restrictions on free foreign trade to ..... A) Protect Foreign Producers. B) Protect Domestic Producers. C) Protect Foreign Consumers. D) Protect Domestic Consumers. Show Answer Correct Answer: B) Protect Domestic Producers. 58. Markets can be segmented in only one way:by socio-cultural factors. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 59. Of the following, which is not a representative sector of the South African economy? A) Mining. B) Manufacturing. C) Agriculture. D) Technology. Show Answer Correct Answer: D) Technology. 60. Please indicate the most important regularity in UPPSALA model: A) THE COMPANY STARTS EXPANSION WITH FDI. B) EXPANSION STARTS FROM DISTANT MARKETS. C) THE COMPANY STARTS EXPANSION WITH MARKET DIFFERENTIATION. D) EXPANSION STARTS FROM CLOSE MARKETS (MENTAL, CULTURAL DISTANCE). Show Answer Correct Answer: D) EXPANSION STARTS FROM CLOSE MARKETS (MENTAL, CULTURAL DISTANCE). ← 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