This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 16 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What type of agreements does Canada have that facilitate foreign business? A) Cultural agreements. B) Military agreements. C) Free trade agreements. D) Environmental agreements. Show Answer Correct Answer: C) Free trade agreements. 2. Country's wealth was determined by the amount of its gold and silver holdings. A) Competitive advantage. B) Mercantilism. C) Trade surplus. D) Absolute advantage. Show Answer Correct Answer: B) Mercantilism. 3. What is the Intergovernmental Panel on Climate Change (IPCC)? A) A global collaboration of climate scientists that updated its alarming forecast in 2021. B) A group monitoring peace treaties. C) An organization that provides loans to countries in financial difficulties. D) A committee regulating international trade. Show Answer Correct Answer: A) A global collaboration of climate scientists that updated its alarming forecast in 2021. 4. What is the primary difference between market economies and command economies? A) Market economies are more efficient, while command economies are more equitable. B) Market economies rely on supply and demand, while command economies rely on government planning. C) Market economies prioritize individual freedom, while command economies prioritize social equality. D) Market economies have more government intervention, while command economies have less. Show Answer Correct Answer: B) Market economies rely on supply and demand, while command economies rely on government planning. 5. What is a key characteristic of international marketing? A) It is only concerned with digital marketing. B) It focuses solely on product development. C) It applies marketing principles globally. D) It is limited to financial services. Show Answer Correct Answer: C) It applies marketing principles globally. 6. The US exports the most products to this country: A) China. B) Japan. C) Canada. D) England. Show Answer Correct Answer: C) Canada. 7. What are the two main activities involved in international trade to obtain needed goods and services? A) Buying and Selling. B) Exporting and Importing. C) Bartering and Exchanging. D) Producing and Consuming. Show Answer Correct Answer: B) Exporting and Importing. 8. What are the risks associated with cross-border mergers? A) Access to new technologies. B) Cultural differences, regulatory challenges, political instability, currency fluctuations, integration issues. C) Increased market share. D) Enhanced brand recognition. Show Answer Correct Answer: B) Cultural differences, regulatory challenges, political instability, currency fluctuations, integration issues. 9. Which stage of going global includes establishing a production presence? A) Market entry. B) Creation of new markets. C) Product specialization. D) Value chain disaggregation. Show Answer Correct Answer: A) Market entry. 10. Which of these is a driver of globalization? A) Decreased technology adoption. B) Decline in international trade agreements. C) Advances in transportation and communication. D) Limited access to global capital. Show Answer Correct Answer: C) Advances in transportation and communication. 11. What lesson can be learned from Vanguard's experience in China? A) Rapid market entry guarantees success. B) A long-term, relationship-based approach is critical in complex markets. C) Avoid partnerships at all costs. D) Western strategies can be applied universally. Show Answer Correct Answer: B) A long-term, relationship-based approach is critical in complex markets. 12. The study and classification of people according to their attitudes, aspirations, and other psychological criteria, especially in market research. A) Consumer Behavior. B) Psychographics. C) Social & Cultural Factors. D) Demographics. Show Answer Correct Answer: B) Psychographics. 13. MNEs contribute to sustainable development by: A) Promoting local culture only. B) Creating jobs, technology transfer, and eco-friendly practices. C) Reducing foreign investment. D) Limiting social responsibility. Show Answer Correct Answer: B) Creating jobs, technology transfer, and eco-friendly practices. 14. Setting a limit on the quantity of a product that may be imported or exported within a given period to regulate international trade is called? A) Tariff. B) Quota. C) Deal. D) Embargo. Show Answer Correct Answer: B) Quota. 15. A tax on imported products A) Quota. B) Trade Embargo. C) Duty. D) Common Market. Show Answer Correct Answer: C) Duty. 16. The term ..... relates to patent, trademarks, copyrights and trade secrets. A) Tariff & Trade Act. B) Madrid agreement. C) Priority right. D) Intellectual property right. Show Answer Correct Answer: D) Intellectual property right. 17. What are the international business activities mentioned in the text? A) Other forms of IB activity. B) Exporting and Importing. C) International Investment. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. Tariffs are used to protect "Infant Industries" A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. Why is it important to meet the needs of customers in the exporting process? A) To ignore customer feedback. B) To avoid sales. C) To delay the process. D) To ensure successful transactions. Show Answer Correct Answer: D) To ensure successful transactions. 20. Your overseas partner says: "We will get back to you shortly." What is the risk? A) "Shortly" means different things. B) They are rejecting. C) They forgot. D) They are upset. Show Answer Correct Answer: A) "Shortly" means different things. 21. What is the purpose of conducting primary international research? A) To analyze competitors. B) To assist managers in making informed decisions. C) To collect secondary data. D) To measure market potential. Show Answer Correct Answer: B) To assist managers in making informed decisions. 22. A shipping company in Singapore sends goods to Los Angeles with terms stating the seller pays for transportation to the port and loading onto the ship, after which the buyer assumes responsibility. These terms are most likely ..... ? A) DDP (Delivered Duty Paid). B) CIF (Cost, Insurance, Freight). C) EXW (Ex Works). D) FOB (Free on Board). Show Answer Correct Answer: D) FOB (Free on Board). 23. What is the part of silent language international business companies must concern for designing product? A) Body distance. B) Color. C) Punctuality. D) Sign. Show Answer Correct Answer: C) Punctuality. 24. What is the role of cross-cultural context in international advertising? A) To adapt product design. B) To tailor advertising strategies to different cultural norms. C) To standardize pricing. D) To design distribution channels. Show Answer Correct Answer: B) To tailor advertising strategies to different cultural norms. 25. In a the business operates as a legal entity separate from any owners. A) Corporation. B) Sole proprietorship. C) Partnership. D) LLC. Show Answer Correct Answer: A) Corporation. 26. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Saffer Security Insurance' A) Company. B) Position. C) Name. D) City. Show Answer Correct Answer: A) Company. 27. What does the term business-to-business franchise refer to? A) Negotiate the provision of services or products to other companies and will not be in direct contact with consumers. B) It is normally managed from the regional central offices and will involve the development, management of the network and the coordination of a group of operations for the service or product. C) All the above. D) None of the above. Show Answer Correct Answer: A) Negotiate the provision of services or products to other companies and will not be in direct contact with consumers. 28. The relationship between the value of a country's exports and the value of its imports. A) Trade Surplus. B) Balance of Payments. C) Balance of Trade. D) Trade Deficit. Show Answer Correct Answer: C) Balance of Trade. 29. Under which scheme an exporter is allowed duty free supply of imported inputs for the manufacture of export goods? A) Duty drawback scheme. B) Advance licence scheme. C) Export Manufacturing under bond scheme. D) EPCG. Show Answer Correct Answer: B) Advance licence scheme. 30. What is Foreign Direct Investment (FDI)? A) Investing in foreign markets by establishing operations or acquiring businesses. B) Donating money to international charities. C) Supporting domestic market expansion. D) None of the above. Show Answer Correct Answer: A) Investing in foreign markets by establishing operations or acquiring businesses. 31. Who typically has control over foreign trade in a country? A) Government. B) Producers. C) Buyers. D) Middlemen. Show Answer Correct Answer: A) Government. 32. Value creation activities can be categorize as A) Primary activities and Support activities. B) Marketing and Sales. C) Research and Development. D) Primary activities and Information systems. E) Human resources and Customer service. Show Answer Correct Answer: A) Primary activities and Support activities. 33. In a geographic-based global structure, the company is organized around: A) Countries or regions. B) Functions. C) Customers. D) Products. Show Answer Correct Answer: A) Countries or regions. 34. Organizational architecture refers solely to an organization's formal structure and excludes its control systems and processes. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 35. What are the costs of globalization? A) Threats to national sovereignty. B) Economic growth and environmental stress. C) All of these. D) Growing income inequality and personal stress. Show Answer Correct Answer: C) All of these. 36. Which of the following is an example of FDI (Foreign Direct Investment)? A) A UAE company imports luxury cars. B) An Indian company sets up a factory in Dubai. C) A UAE-based restaurant chain sells food online. D) A UAE company uses an American company's technology for a fee. Show Answer Correct Answer: B) An Indian company sets up a factory in Dubai. 37. SMEs stands for: A) Small and Medium Entrepreneurs. B) Small and Medium-sized Enterprises. C) Small Management of Enterprises. D) Societies for Managing Exports. Show Answer Correct Answer: B) Small and Medium-sized Enterprises. 38. If the United States placed a trade embargo on a foreign country A) Quotas would be placed on all goods entering the US. B) No products could be traded between the US and the foreign country. C) All businesses owned by the foreign government in the US would be privatized. D) The US would have granted most favored nation status to this foreign country. Show Answer Correct Answer: B) No products could be traded between the US and the foreign country. 39. A firm wants maximum control over operations and to protect its technological expertise while doing business abroad. Which method fits best? A) Agency-based market entry. B) Wholly owned subsidiary structure. C) Export-only sales approach. D) Foreign distributorship agreement. Show Answer Correct Answer: B) Wholly owned subsidiary structure. 40. Which of the following is a characteristic of a democratic political system? A) Freedom of speech. B) Suppression of civil liberties. C) One-party rule. D) Government control of media. Show Answer Correct Answer: A) Freedom of speech. 41. Choosing the right production location can lead to lower labor and operational costs, optimizing production expenses and enhancing competitiveness. This is referred to as ..... A) Cost Efficiency. B) Market Penetration. C) Product Diversification. D) Brand Loyalty. Show Answer Correct Answer: A) Cost Efficiency. 42. Outsourcing a part of or entire production & concentrating or marketing operations in international business is known as: A) Joint Venture. B) Contract of manufacturing. C) Licensing. D) Franchising. Show Answer Correct Answer: B) Contract of manufacturing. 43. WTO replaced which international trade agreement? A) GATT. B) UNCTAD. C) IMF. D) FEMA. Show Answer Correct Answer: A) GATT. 44. Registering to the SAT in Mexico is a requirement to open a business at this government level: A) State. B) Municipality. C) International. D) Federal. Show Answer Correct Answer: D) Federal. 45. SensitiveQuick to detect or respond to slight changes. A) Sensible. B) Indifferent. C) Unresponsive. D) Apathetic. Show Answer Correct Answer: A) Sensible. 46. What is outsourcing? A) The process of finding outside vendors and suppliers that provide professional help, parts, or materials at a lower cost. B) A contractual agreement in which one firm permits another to produce and market its product. C) An arrangement in which one firm contracts with another business to manufacture products. D) International trade by exchange of goods rather than by currency purchase. Show Answer Correct Answer: A) The process of finding outside vendors and suppliers that provide professional help, parts, or materials at a lower cost. 47. Currency exchange is important in international business because: A) It removes the need for trade. B) It makes products cheaper. C) It simplifies domestic sales. D) Businesses deal with multiple currencies. Show Answer Correct Answer: D) Businesses deal with multiple currencies. 48. It is one of the products that Mexico exports the most to its commercial allies. A) Automobiles and accessories. B) Palm oil. C) Pharmaceuticals. D) Pork meat. Show Answer Correct Answer: A) Automobiles and accessories. 49. Business is ..... A) Any activity involvingbusiness operations across national borders. B) Any activity that seeks to provide goods and services to others while operating at a profit. C) Increasing integration of the world economy. D) None of the above. Show Answer Correct Answer: B) Any activity that seeks to provide goods and services to others while operating at a profit. 50. When a country is specialised in particular good and then trade with other countries is called ..... A) Correlation. B) Agreement. C) Interdependence. D) Dependence. Show Answer Correct Answer: C) Interdependence. 51. UNIT 1:ABOUT YOUTELEPHONE NUMBERSSeven double three oh four six two one double seven. A) 7330462777. B) 7330462177. C) 7300462177. D) 7330462117. Show Answer Correct Answer: B) 7330462177. 52. In indirect exporting, intermediaries can be based in which locations? A) The firm's home country or the host country. B) Any country except the home country. C) Only the firm's home country. D) Only the host country. Show Answer Correct Answer: A) The firm's home country or the host country. 53. What does Devil's Advocate mean? A) Someone who always disagrees. B) Someone who always agrees. C) Someone who may agree or disagree. D) Someone who does not agree or disagree. Show Answer Correct Answer: A) Someone who always disagrees. 54. Political systems that emphasize ..... tend towards totalitarianism, while ..... tend to be democratic. A) Theocracy; capitalism. B) Individualism; collectivism. C) Individualism; socialism. D) Collectivism; individualism. Show Answer Correct Answer: D) Collectivism; individualism. 55. In the theory of comparative advantage, is exchange rate considered to evaluate which country has comparative advantage? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: B) No. 56. Which of the following is an economic benefit of Multi-National Enterprises (MNEs) in host countries? A) Increased environmental concerns. B) Creation of job opportunities and stimulation of economic growth. C) Power imbalance. D) Regulatory compliance issues. Show Answer Correct Answer: B) Creation of job opportunities and stimulation of economic growth. 57. How is quality defined in the contemporary business environment? A) Solely in terms of the attractiveness of a product. B) By achieving zero defects and designing products for quality. C) Ignoring customer feedback and focusing on production speed. D) Prioritizing quantity over quality. Show Answer Correct Answer: B) By achieving zero defects and designing products for quality. 58. Name of the difference of price where the spot price is bigger than the forward price A) Premium. B) Backwardation. C) Discount. D) None of the above. Show Answer Correct Answer: C) Discount. 59. What is the impact of trade blocks on member countries? A) Trade blocks reduce economic cooperation among member countries. B) Trade blocks generally enhance economic growth and cooperation among member countries but can also lead to trade diversion. C) Trade blocks only benefit non-member countries. D) Trade blocks have no impact on member countries' economies. Show Answer Correct Answer: B) Trade blocks generally enhance economic growth and cooperation among member countries but can also lead to trade diversion. 60. It answers the part of what you need to do in the business part A) Process. B) Procedures. C) All the above. D) None of the above. Show Answer Correct Answer: A) Process. ← 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