This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 17 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. International business does not result in the following A) International cooperation is encouraged. B) Consumption is minimized. C) Innovation is encouraged. D) Imports are rendered cheap. Show Answer Correct Answer: B) Consumption is minimized. 2. What do technological factors have a major bearing on? A) None of the above. B) The success of their strategy. C) Threats and opportunities firms encounter. D) Both A and B. Show Answer Correct Answer: C) Threats and opportunities firms encounter. 3. What is a class system? A) Dividing members into levels. B) A type of family structure. C) A form of government. D) None of the above. Show Answer Correct Answer: A) Dividing members into levels. 4. An ..... is a Customs area where one is allowed to import plant, machinery, equipment and material for the manufacture of export goods under security, without payment of duty. A) Export processing zone. B) Import processing zone. C) Technology park. D) None of the above. Show Answer Correct Answer: A) Export processing zone. 5. Countries should specialize in the production of goods for which they have an absolute advantage and then trade these goods for those produced by other countries. A) Absolute Advantage. B) Comparative Advantage. C) All the above. D) None of the above. Show Answer Correct Answer: A) Absolute Advantage. 6. Which of the following is a decision in global market strategy? A) Adapt or Standardize. B) Globalize or Standardize. C) Expand or Contract. D) Innovate or Imitate. Show Answer Correct Answer: A) Adapt or Standardize. 7. What are taxes a country places on products as they cross its borders? A) Laws. B) Tariffs. C) Quotas. D) None of the above. Show Answer Correct Answer: B) Tariffs. 8. Safe work environments motivate ..... ; challenges motivate ..... A) Individualists; collectivists. B) Materialists; non-materialists. C) Non-fatalists; fatalists. D) Collectivists; individualists. Show Answer Correct Answer: D) Collectivists; individualists. 9. Which element is not considered in Michael Porter's Diamond Model to determine national competitiveness? A) Factor Condition. B) Demand condition. C) Firm Rivalry. D) Gross National Income. Show Answer Correct Answer: D) Gross National Income. 10. What is one reason countries block trade? A) To promote free trade. B) To protect domestic industries. C) To increase competition. D) To lower prices for consumers. Show Answer Correct Answer: B) To protect domestic industries. 11. Which of the following is NOT a major purpose of supply chain management? A) Managing Risks. B) Improving Efficiency. C) Enhancing Customer Service. D) Increasing Marketing Budget. Show Answer Correct Answer: D) Increasing Marketing Budget. 12. The main weakness of a geographic region structure is: A) Too much centralization. B) Limited responsiveness to local needs. C) Lack of employee specialization. D) Duplication of activities across regions. Show Answer Correct Answer: D) Duplication of activities across regions. 13. Emerging markets include countries such as the United States and Britain that are leading the globalization charge A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 14. Aliansi strategis dalam arsitektur organisasi bisnis internasional melibatkan: A) Kemitraan dengan lembaga pemerintah di pasar global. B) Penerapan struktur organisasi yang sentral di seluruh anak perusahaan. C) Kerjasama dengan pihak berwenang lokal. D) Pembagian risiko dan kerjasama dengan perusahaan lain. Show Answer Correct Answer: D) Pembagian risiko dan kerjasama dengan perusahaan lain. 15. How does cross-cultural communication impact international business? A) Cross-cultural communication has no impact on international business. B) Cross-cultural communication only impacts communication within a single culture. C) Cross-cultural communication only impacts local businesses. D) Cross-cultural communication impacts international business by influencing how people from different cultures interact and understand each other. Show Answer Correct Answer: D) Cross-cultural communication impacts international business by influencing how people from different cultures interact and understand each other. 16. The international organization that settles trade disagreements and enforces free-trade agreements is the A) IMF. B) WTO. C) World Bank. D) United Nations. Show Answer Correct Answer: B) WTO. 17. Which of the following ideas is closely linked to the theory of absolute advantage? A) All international trade must be closely regulated by governments. B) Free market forces should determine how much to trade with minimal government intervention. C) Governments should actively protect domestic industries from imports and vigorously promote exports. D) Nations should specialize in economic activities in which they have comparative advantage. Show Answer Correct Answer: B) Free market forces should determine how much to trade with minimal government intervention. 18. Headquarters in Jakarta was established on August 1967 by five founding members:Indonesia, Malaysia, Singapore, Thailand and the Philippines. As of 2021 the additional members are Brunei, Burma (Myanmar), Cambodia, and Vietnam. A) ASEAN. B) APEC. C) NAFTA. D) EU. Show Answer Correct Answer: A) ASEAN. 19. International trade forces domestic firms to become more competitive in terms of A) The introduction of new products. B) Product design and quality. C) Product price. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. Buying goods and services from another country is considered? A) Exporting. B) Importing. C) All the above. D) None of the above. Show Answer Correct Answer: B) Importing. 21. Pressures of cost reduction and pressures of local responsiveness place conflicting demands on a firm. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 22. The process of converting currency of one country into the currency of another country. A) Floating Exchange Rates. B) Money. C) Foreign Exchange. D) Exchange Rate. Show Answer Correct Answer: C) Foreign Exchange. 23. The ability to produce a product most efficiently given all the other products that could be produced. A) Absolute Advantage. B) Comparative Advantage. C) Positive Advantage. D) Negative Advantage. Show Answer Correct Answer: B) Comparative Advantage. 24. How does foreign exchange management affect international trade? A) Foreign exchange management stabilizes currency rates, reduces trade risks, and facilitates international transactions. B) It has no impact on trade relationships. C) It limits the number of international transactions. D) It increases currency volatility and trade uncertainty. Show Answer Correct Answer: A) Foreign exchange management stabilizes currency rates, reduces trade risks, and facilitates international transactions. 25. A multidomestic firm focuses on: A) Standardized products globally. B) Customizing products to local markets. C) Using one central global strategy. D) Minimizing local responsiveness. Show Answer Correct Answer: B) Customizing products to local markets. 26. Canada practice civil law and Germany practice common law. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 27. Most of the Asian countries, including China, Vietnam, Indonesia, and India are ..... for the U.S. A) Artisans. B) Partners. C) Contract Manufacturers. D) Helpers. Show Answer Correct Answer: C) Contract Manufacturers. 28. The book 'The wealth of the Nations' is written by A) Michael Porter. B) Adam Smith. C) David Richardo. D) Raymond Vernon. Show Answer Correct Answer: B) Adam Smith. 29. In a functional structure, the company is divided based on: A) Business functions like marketing, finance, HR. B) Products offered. C) Countries or regions. D) Customer segments. Show Answer Correct Answer: A) Business functions like marketing, finance, HR. 30. How does globalization impact the pricing strategy of businesses? A) It has no effect on pricing. B) It leads to standardized pricing worldwide. C) It results in fluctuating prices. D) It only affects local pricing. Show Answer Correct Answer: B) It leads to standardized pricing worldwide. 31. UNIT 1:ABOUT YOUSimple ExchangesA:Is Fox Construction in Chicago?B: ..... A) Yes, It's isn't in Chicago. B) No, it isn't. It's in Chicago. C) Yes, It's in Glasgow. D) No, it isn't. It's in Glasgow. Show Answer Correct Answer: D) No, it isn't. It's in Glasgow. 32. Which of the following is an example of business organisation that has entered into international business through Licencing system? A) Pepsi. B) Coco cola. C) McDonalds. D) Both a and b. Show Answer Correct Answer: D) Both a and b. 33. Which type of business activity involves bringing goods into a country? A) Importing business. B) Exporting business. C) Associated business. D) Multinational enterprise. Show Answer Correct Answer: A) Importing business. 34. How did Coca-Cola adapt its product line in Japan? A) By introducing only Western-style beverages. B) By including drinks that cater to Japanese tastes, such as green tea and coffee. C) By maintaining the same product line as in the US. D) By focusing solely on carbonated drinks. Show Answer Correct Answer: B) By including drinks that cater to Japanese tastes, such as green tea and coffee. 35. The ..... company produces, markets, invests and operates across the world. A) Global. B) International. C) Transnational. D) Multinational. Show Answer Correct Answer: C) Transnational. 36. A nation's money-can be in coins or banknotes. A) Embargo. B) Franchise. C) Trade barrier. D) Currency. Show Answer Correct Answer: D) Currency. 37. A command economy operates on the forces of supply and demand. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 38. Which one of the following is not amongst India's major trading partners? A) USA. B) UK. C) Germany. D) New Zealand. Show Answer Correct Answer: D) New Zealand. 39. Resource endournment was offered by A) Ricardo. B) Vernon. C) Porter. D) Ohlin. Show Answer Correct Answer: D) Ohlin. 40. How is foreign investment divided? A) Direct and indirect. B) Formal and informal. C) Globalization and Globalization. D) None of the above. Show Answer Correct Answer: A) Direct and indirect. 41. The simplest, low risk method of getting involved in international business is to form a joint venture with a company in another country. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 42. THIS MEANS A COUNTRY MUST PRODUCE AND EXPORT GOODS AND SERVICES FOR WHICH IT IS MORE RELATIVELY PRODUCTIVE AND IMPORT GOODS AND SERVICES TO WHICH OTHER COUNTRIES ARE MORE RELATIVELY PRODUCTIVE. A) THEORY OF ABSOLUTE ADVANTAGE. B) THEORY OF COMPARATIVE ADVANTAGE. C) All the above. D) None of the above. Show Answer Correct Answer: B) THEORY OF COMPARATIVE ADVANTAGE. 43. Political instability in a foreign country is an example of: A) Internal environment. B) Domestic strategy. C) Financial control. D) External environment. Show Answer Correct Answer: D) External environment. 44. Which country is listed as having the largest trade deficit with the U.S.? A) Japan. B) China. C) Mexico. D) Canada. Show Answer Correct Answer: B) China. 45. How has e-commerce impacted global market entry? A) It has limited the number of market entry options. B) It has reduced the need for international business. C) It allows market entry without a physical presence. D) None of the above. Show Answer Correct Answer: C) It allows market entry without a physical presence. 46. How can companies protect their intellectual property internationally? A) Register IP in each country, use international treaties, implement NDAs, and monitor infringements. B) Share IP freely with competitors. C) Rely solely on domestic laws. D) Ignore local laws and regulations. Show Answer Correct Answer: A) Register IP in each country, use international treaties, implement NDAs, and monitor infringements. 47. Limitations on amounts permitted to enter or dollar amount counted. A) Quell. B) Quota. C) Queue. D) None of the above. Show Answer Correct Answer: B) Quota. 48. Which of the following BEST describes a multinational firm? A) Strong central headquarters. B) Subsidiaries operate independently. C) Standardized global products. D) Minimal international presence. Show Answer Correct Answer: B) Subsidiaries operate independently. 49. A composite measure of a household's cumulative living standard. A) Demographics. B) Wealth Index. C) Consumer Preferences. D) Net Income. Show Answer Correct Answer: B) Wealth Index. 50. Which of the following documents is not required in connection with an import transaction? A) Shipping bill. B) Bill of lading. C) Certificate of origin. D) Shipment advice. Show Answer Correct Answer: D) Shipment advice. 51. Main differnce between innovation and invention A) The invention sells and aslo the innovation does. B) The innovation sells, the invention no. C) The invention is already famous and the innovation no. D) None of the above. Show Answer Correct Answer: B) The innovation sells, the invention no. 52. What is the main reason MNEs purchase from SMEs? A) SMEs can provide cheaper labor. B) SMEs often have specialized workforces, innovation, and technology. C) SMEs are easier to control. D) SMEs follow the same regulations globally. Show Answer Correct Answer: B) SMEs often have specialized workforces, innovation, and technology. 53. A strong Australian dollar means ..... A) Exports will be cheaper. B) Imports will be dearer. C) Imports will be cheaper. D) Exports will be dearer. Show Answer Correct Answer: C) Imports will be cheaper. 54. What factors should be considered when setting up shop on a foreign planet? A) The socio-cultural factors of the alien planet. B) The distance between Earth and the foreign planet. C) The alien planet's economy and laws. D) The availability of spaceships for transportation. Show Answer Correct Answer: C) The alien planet's economy and laws. 55. Who proposed the theory of comparative advantage? A) John Maynard Keynes. B) Milton Friedman. C) Adam Smith. D) David Ricardo. Show Answer Correct Answer: D) David Ricardo. 56. What are exports? A) Consist of bringing goods into the country. B) Consist of sending goods out of the country. C) None of the above. D) None of the above. Show Answer Correct Answer: B) Consist of sending goods out of the country. 57. Which of the following is NOT a method used to conduct primary international research? A) Focus Groups. B) Secondary data analysis. C) Surveys. D) Interviews. Show Answer Correct Answer: B) Secondary data analysis. 58. GDP is one of the measures used by the Human Development Index (HDI) to measure the quality of human life in different nations. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 59. What role does consumer behavior play in international marketing? A) Consumer behavior is crucial in shaping marketing strategies to align with local preferences and cultural nuances in international markets. B) Consumer behavior is irrelevant in international marketing. C) Consumer behavior only affects domestic marketing strategies. D) Consumer behavior is solely determined by economic factors. Show Answer Correct Answer: A) Consumer behavior is crucial in shaping marketing strategies to align with local preferences and cultural nuances in international markets. 60. The reason the United States became less competitive when Mexico join in NAFTA is: A) Fewer competitors. B) Fired from Government. C) Face tariffs. D) Consumers disbelieve. Show Answer Correct Answer: C) Face tariffs. ← 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