This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 18 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 18 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What distinguishes e-Business from e-Commerce? A) E-Business exclusively involves online retail. B) E-Business includes e-Commerce but also encompasses a wider range of digital business activities. C) E-Business is limited to digital marketing and customer relationship management. D) E-Business does not involve online transactions. Show Answer Correct Answer: B) E-Business includes e-Commerce but also encompasses a wider range of digital business activities. 2. What is the primary purpose of a patent? A) To protect the intellectual property of authors and artists. B) To grant exclusive rights to the inventor of a product or process. C) To regulate the sale of goods and services. D) To enforce contracts between businesses. Show Answer Correct Answer: B) To grant exclusive rights to the inventor of a product or process. 3. By foreign investment we mean inviting ..... in our country for industrial development. A) Foreign people. B) Foreign capital. C) Foreign Material. D) All of the above. Show Answer Correct Answer: B) Foreign capital. 4. Domestic businesses face fewer political risks compared to international businesses. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 5. Course of action, that does not violate these accepted principles. A) Corruption. B) Ethical Strategy. C) Compliance Base Code. D) Business Ethics. Show Answer Correct Answer: B) Ethical Strategy. 6. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Assistant Head of the Legal Firm' A) Position. B) Company. C) City. D) Name. Show Answer Correct Answer: A) Position. 7. ..... is defined as selling goods in a foreign market at below their costs of production or as selling goods in a foreign market at below their "fair market" value A) Dumping. B) Subsidies. C) Tariffs. D) Quotas. Show Answer Correct Answer: A) Dumping. 8. What is the #1 business type in the United States? A) LLC. B) Sole proprietorship. C) Corporation. D) Partnership. Show Answer Correct Answer: B) Sole proprietorship. 9. Foreign Direct Investment (FDI) means: A) Investing directly in foreign business operations. B) Investing in domestic businesses only. C) Sending tourists abroad. D) Purchasing imports. Show Answer Correct Answer: A) Investing directly in foreign business operations. 10. What is a primary effect of imposing a tariff on an imported product? A) It guarantees product quality standards. B) It raises the import's total cost. C) It increases domestic supply immediately. D) It lowers the import's market price. Show Answer Correct Answer: B) It raises the import's total cost. 11. What are the challenges faced by businesses in cross-border e-commerce? A) Simplified payment processing. B) Increased domestic sales. C) Regulatory compliance, currency exchange fluctuations, logistics issues, cultural differences, varying consumer preferences, and tax laws. D) Uniform global marketing strategies. Show Answer Correct Answer: C) Regulatory compliance, currency exchange fluctuations, logistics issues, cultural differences, varying consumer preferences, and tax laws. 12. What is the purpose of global trade agreements? A) To reduce trade barriers and promote economic cooperation between countries. B) To promote competition among domestic industries. C) To isolate economies from global markets. D) To increase tariffs on imports and exports. Show Answer Correct Answer: A) To reduce trade barriers and promote economic cooperation between countries. 13. Series of related tasks or methods that together turn inputs into outputs A) Process. B) Procedures. C) All the above. D) None of the above. Show Answer Correct Answer: A) Process. 14. Which company is often considered a transnational firm? A) Starbucks. B) Unilever. C) KFC. D) Dell. Show Answer Correct Answer: B) Unilever. 15. Who are the key players in International Business A) Government Company. B) Ed Sheeran. C) Multinational Enterprises. D) Domestic Company. Show Answer Correct Answer: C) Multinational Enterprises. 16. 3 characteristics the innovation needs to have A) Be appealing, viable, achievable. B) Be desirable, possible, executable. C) Be desirable, viable, feasible. D) None of the above. Show Answer Correct Answer: C) Be desirable, viable, feasible. 17. Making, buying and selling goods and services within a country A) International Business. B) Domestic Business. C) Foreign Trade. D) World Trade. Show Answer Correct Answer: B) Domestic Business. 18. What regulation does USMCA have regarding the auto industry? A) Increase the percentage of domestic content. B) Reduce tariffs on imported parts. C) Prohibit imports of cars from Europe. D) No specific regulations. Show Answer Correct Answer: A) Increase the percentage of domestic content. 19. A ..... orientation implies an openness to, and awareness of, diversity across cultures A) Ethnocentric. B) Geocentric. C) Regiocentric. D) Polycentric. Show Answer Correct Answer: B) Geocentric. 20. It is a social, cultural and economic phenomenon that involves the displacement of people to countries or places outside their usual environment for personal, professional or business reasons. A) Tourism. B) Immigration. C) Migration. D) None of the above. Show Answer Correct Answer: A) Tourism. 21. One of the key internal drivers for international business is technology. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 22. What are not forces that affect strategic choices of international business? A) Demographic. B) Local responsiveness. C) Cost reduction. D) None of the above. Show Answer Correct Answer: A) Demographic. 23. It is an investment whose purpose is to create a lasting interest and for long-term economic or business purposes by a foreign investor in the host country. A) Foreign investment. B) Globalization. C) All the above. D) None of the above. Show Answer Correct Answer: A) Foreign investment. 24. TO TAKE ADVANTAGE OF IMPORT PROMOTION DRIVE IS AN ..... REASON ON INTERNATIONAL MARKETING. A) INTERNAL. B) EXTERNAL. C) All the above. D) None of the above. Show Answer Correct Answer: B) EXTERNAL. 25. An official ban on trade or other commercial activity with a particular country. A) Tariff. B) Export. C) Import. D) Embargo. Show Answer Correct Answer: D) Embargo. 26. Which of the following is a primary reason that firms acquire resources and supplies from other countries? A) Comply with trade regulations. B) Minimize resource competition. C) Decrease shipping and handling costs. D) Obtain items unavailable in home country. Show Answer Correct Answer: D) Obtain items unavailable in home country. 27. The speaker states that Uruguay has the most structured approach among the listed countries. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 28. Which mode involves a company investing directly in facilities or businesses in another country? A) Outsourcing. B) Licensing. C) Foreign Direct Investment (FDI). D) Importing. Show Answer Correct Answer: C) Foreign Direct Investment (FDI). 29. What are the ethical considerations in international business? A) Ignoring local laws and regulations. B) Exploiting natural resources without limits. C) Cultural respect, fair labor, anti-corruption, environmental standards, transparency. D) Maximizing profits at any cost. Show Answer Correct Answer: C) Cultural respect, fair labor, anti-corruption, environmental standards, transparency. 30. Why do nations engage in international trade? A) To increase their military power. B) To acquire raw materials and goods at favorable prices. C) To establish political alliances. D) To reduce their production capabilities. Show Answer Correct Answer: B) To acquire raw materials and goods at favorable prices. 31. Who coined the term Globalization? A) Theodore Abraham. B) Theodore Levitt. C) Kanye West. D) Sir Theodore the 3rd. E) Dwight Shrute. Show Answer Correct Answer: B) Theodore Levitt. 32. The selling of government-owned economic resources to private operators is called A) Privatization. B) Centralization. C) Nationalization. D) Socialization. Show Answer Correct Answer: A) Privatization. 33. Which one is not considered as international business? A) Cross-border construction management. B) Consulting in another country. C) Financial service outside the country. D) Tourism. Show Answer Correct Answer: D) Tourism. 34. What is the purpose of value-chain analysis? A) To identify core competencies. B) To formulate strategies. C) To analyze business environments. D) To divide activities and create value. Show Answer Correct Answer: D) To divide activities and create value. 35. Before becoming an international company it starts from ..... A) Global market. B) Domestic market. C) Both a & b. D) None of them. Show Answer Correct Answer: B) Domestic market. 36. What is one advantage of being a first-mover in market expansion? A) Difficulty in adapting to market changes. B) Opportunity to free-ride on first-mover investments. C) Proprietary, technological leadership. D) Resolution of technological uncertainty. Show Answer Correct Answer: C) Proprietary, technological leadership. 37. Some host countries impose restrictions on the repatriation of profits, dividends, and capital, limiting a company's ability to freely transfer funds back to the home country. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 38. Restate words from one language into another language A) Translate. B) Negotiate. C) Resource. D) Export. Show Answer Correct Answer: A) Translate. 39. Products purchased after consumers compare brands and stores are known as . A) Shopping Goods. B) Specialty Goods. C) Convenience Goods. D) Utility Goods. Show Answer Correct Answer: A) Shopping Goods. 40. The concept of face translates roughly to A) How someone looks. B) Duty, sincerity, and loyalty. C) Honesty, ethics, and morals. D) Honor, good reputation, or respect. Show Answer Correct Answer: D) Honor, good reputation, or respect. 41. What is the primary role of the IMF? A) Promoting international monetary cooperation and providing temporary financial assistance to countries with balance of payments problems. B) Regulating global trade agreements. C) Monitoring climate change impacts. D) Enforcing peace treaties between nations. Show Answer Correct Answer: A) Promoting international monetary cooperation and providing temporary financial assistance to countries with balance of payments problems. 42. Mengapa kualitas produk lokal memainkan peran penting dalam keputusan perusahaan dalam memilih sumber pasokan? A) Kualitas produk lokal yang tinggi mendorong perusahaan untuk memilih pasokan dalam perusahaan. B) Semua jawabansalah. C) Kualitas produk lokal tidak mempengaruhi keputusan perusahaan dalam memilih sumber pasokan. D) Kualitas produk lokal yang rendah mendorong perusahaan untuk mencari pemasok asing. Show Answer Correct Answer: A) Kualitas produk lokal yang tinggi mendorong perusahaan untuk memilih pasokan dalam perusahaan. 43. Which of the following best describes "globalization" ? A) The isolation of national economies. B) The integration of markets, cultures, and economies. C) The dominance of local businesses. D) The regulation of trade by governments. Show Answer Correct Answer: B) The integration of markets, cultures, and economies. 44. Expanding to international business will create more jobs A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 45. From microeconomic theories of internationalization chose one that stipulates that the advantage comes from a unique configuration of resources and way they are used: A) INTERNALIZATION THEORY. B) LOCATION THEORY. C) THEORY OF MONOPOLISTIC ADVANTAGES. D) ECLECTIC THEORY OF INTERNATIONAL PRODUCTION. Show Answer Correct Answer: C) THEORY OF MONOPOLISTIC ADVANTAGES. 46. Which is not a function of primary activities A) Research and Development. B) Customer service. C) Human Resources. D) Marketing and Sales. E) Production. Show Answer Correct Answer: C) Human Resources. 47. What is the significance of joint ventures in international business? A) Isolation from global markets. B) Reduction in innovation. C) Decreased risk. D) Increased market reach. Show Answer Correct Answer: D) Increased market reach. 48. Universal needs exist in conventional commodity (gasoline) and industrial and consumer products (smartphones). A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 49. EFTA, NAFTA, AFTA is the example of ..... A) Common market. B) Economic union. C) Political union. D) Free trade. Show Answer Correct Answer: D) Free trade. 50. Less-developed countries (LDCs) are generally characterized by: A) Advanced economic development. B) High per-capita income. C) Large-scale industrialization. D) Low per-capita income. Show Answer Correct Answer: D) Low per-capita income. 51. When a country's imports exceed its exports, this is a trade A) Balance. B) Exchange. C) Surplus. D) Deficit. Show Answer Correct Answer: D) Deficit. 52. A partial refund to someone for the purchase of a good or service. The refund is distributed after the sale at a later time. A) Rebate. B) Advertising. C) Publicity. D) Advertising Agency. Show Answer Correct Answer: A) Rebate. 53. European businesses often use "whilst" in formal documentation, while American businesses prefer ..... ? A) As. B) During. C) While. D) When. Show Answer Correct Answer: C) While. 54. VER refers to ..... A) Voluntary Export Reserves. B) Voluntary Export Renewal. C) Voluntary Export Registration. D) Voluntary Export Restraints. Show Answer Correct Answer: D) Voluntary Export Restraints. 55. How does the British Chambers of Commerce support international business? A) By organizing cultural exchange programs. B) By providing networking opportunities. C) By facilitating trade agreements. D) By offering financial assistance. Show Answer Correct Answer: B) By providing networking opportunities. 56. Which of the following is NOT a mode of entry into international markets? A) Joint Venture. B) Franchising. C) Licensing. D) Subsidizing. Show Answer Correct Answer: D) Subsidizing. 57. UNIT 1:ABOUT YOUTELEPHONE NUMBERSOh one oh six two double four double eight A) 010622488. B) 016624488. C) 010624488. D) 011624488. Show Answer Correct Answer: C) 010624488. 58. Which of the following is a benefit of MNCs? A) Technology transfer. B) Regulatory loopholes. C) Cultural erosion. D) Repatriation of profits. Show Answer Correct Answer: A) Technology transfer. 59. "Rajiv an exporter sent complete information about the quality, grade, size, weight, type of packing about the product on his enquiry" .Such an above quotation prepared is known as- A) Performa invoice. B) Enquiry performa. C) Letter of information. D) Intent. Show Answer Correct Answer: A) Performa invoice. 60. What is a disadvantage of franchising as an international market entry mode? A) High development costs. B) Difficulty avoiding import barriers. C) Limited sales potential. D) Risk of losing control over quality. Show Answer Correct Answer: D) Risk of losing control over quality. ← 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