This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 2 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Diantara kedua pihak dalam pasar modal terdapat penengah yang disebut dengan ..... A) Market Maker. B) Market Provider. C) Market Connector. D) Market Taker. Show Answer Correct Answer: A) Market Maker. 2. What is classical theory? A) It is from the perspective of a country. B) It is from the perspective of a firm. C) Both A and B. D) None of the above. Show Answer Correct Answer: A) It is from the perspective of a country. 3. The primary strategic direction of MNE affiliates comes from: A) Regional headquarters. B) The host country. C) The government. D) The home country. Show Answer Correct Answer: D) The home country. 4. This Japanese company has a lot of quality methods A) Samsung. B) Nokia. C) Toyota. D) None of the above. Show Answer Correct Answer: C) Toyota. 5. Hoard:to collect small amount of something and keep it for yourself, often in a secret place A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 6. Which is NOT a role of international strategy? A) Help the company compete effectively in international markets. B) Oriented toward smaller steps and a shorter time frame along the way. C) Help managers identify and utilize business opportunities, incorporate individual and collective efforts, allocate time and resources appropriately, and minimize mistakes. D) Coordinate all departments within the company to achieve the most effective goals. Show Answer Correct Answer: B) Oriented toward smaller steps and a shorter time frame along the way. 7. What is the meaning of import? A) Deleting code or modules from the current program. B) Bringing in external code or modules into the current program. C) Renaming code or modules in the current program. D) Exporting code or modules from the current program. Show Answer Correct Answer: B) Bringing in external code or modules into the current program. 8. Which of the following lists THREE entry strategies in Global Business? A) Exporting, Joint Ventures, Franchising. B) Mergers, Acquisitions, Outsourcing. C) Exporting, Licensing, Importing. D) Licensing, Importing, Offshoring. Show Answer Correct Answer: A) Exporting, Joint Ventures, Franchising. 9. Contractual agreements that allow foreign firms to use products, services, and processes from other nations are known as: A) Patenting, Processing. B) Licensing, Franchising. C) Licensing, Copyrighting. D) Copyrighting, Franchising. Show Answer Correct Answer: B) Licensing, Franchising. 10. Which one of the following is not amongst India's major exports items? A) Gems & Jewellery. B) Textiles & garments. C) Oil & Petroleum products. D) Basmati Rice. Show Answer Correct Answer: D) Basmati Rice. 11. Customer preferences tend to be more homogeneous in international markets compared to domestic markets. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 12. EXIM Policy stands for: A) Export Incentive Ministry. B) Export-Import Policy. C) External Import Measures. D) Export Insurance Mandate. Show Answer Correct Answer: B) Export-Import Policy. 13. How do differences in tastes and preferences of customer impact on firm production process? A) Firm ignore local preferences to maintain their product quality. B) Firm standardize their products all across markets. C) Firm customize their products according to the local needs and wants. D) Firm cannot distribute their product into that market since the product does not meet the tastes and preferences. Show Answer Correct Answer: C) Firm customize their products according to the local needs and wants. 14. Which one of the following is not a part of the import document A) Indent. B) Mates' Receipt. C) Bill of Sight. D) Bill of Entry. Show Answer Correct Answer: B) Mates' Receipt. 15. According to supporters of globalization, what happens to environmental and labor standards as countries become richer from free trade? A) Environmental and labor standards remain unchanged. B) Countries are less likely to implement tougher environmental and labor regulations. C) Tougher environmental and labor standards are implemented. D) Firms move production to avoid stricter regulations. Show Answer Correct Answer: C) Tougher environmental and labor standards are implemented. 16. Theory of Comparative advantage was developed by A) Mr Preston. B) David Ricardo. C) Michael Porter. D) Adam Smith. Show Answer Correct Answer: B) David Ricardo. 17. The IMF's primary role is to: A) Fund infrastructure projects in developing nations. B) Monitor global economic stability and provide financial assistance for balance of payments problems. C) Negotiate trade agreements. D) Promote cultural exchange. Show Answer Correct Answer: B) Monitor global economic stability and provide financial assistance for balance of payments problems. 18. What is one benefit of the International Business Environment? A) Wealth growth and price stability. B) Decreased employment opportunities. C) Increased isolation of countries. D) Reduction in global trade. Show Answer Correct Answer: A) Wealth growth and price stability. 19. The principle that a country benefits from specializing in the production at which it is relatively most efficient thus has the comparative advantage. This is true because of lower opportunity costs A) Law of Incresing Costs. B) Law of Comparative Advantage. C) Exports. D) Globalization. Show Answer Correct Answer: B) Law of Comparative Advantage. 20. Occurs when you listen to a person to understand their meaning or message. It can take place in person or over the phone. A) Email Proposal. B) Verbal Communication. C) Written Communication. D) Non-Verbal Communication. Show Answer Correct Answer: B) Verbal Communication. 21. Which of the following is a contractual expansion mode? A) FDI-based modes. B) Direct & indirect exporting. C) Capability-enhancing. D) Market-seeking. Show Answer Correct Answer: B) Direct & indirect exporting. 22. Which of the following is NOT a goal of international trade policies procedures and agreements? A) Protecting domestic industries. B) Promoting exports. C) Regulating the exchange of goods and services between countries compared to inland trade?. D) Encouraging unfair competition. Show Answer Correct Answer: C) Regulating the exchange of goods and services between countries compared to inland trade?. 23. A raw material or primary agricultural product that can be bought and sold, such as copper or coffee. A) Commodities. B) Export. C) Resources. D) Import. Show Answer Correct Answer: A) Commodities. 24. What is the main focus of the Blue Ocean Strategy (BOS)? A) Building a fragmented market share. B) Increasing governmental restrictions. C) Avoiding direct confrontation with incumbents. D) Maximizing dissemination risk. Show Answer Correct Answer: C) Avoiding direct confrontation with incumbents. 25. Pre-shipment finance is provided to small scale manufacturers? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 26. Which industry stage is characterized by increasing sales over time before reaching maturity? A) Introduction. B) Growth. C) Maturity. D) Decline. Show Answer Correct Answer: B) Growth. 27. Something of value that can be useful (natural, human, capital.) A) Export. B) Culture. C) Quota. D) Resource. Show Answer Correct Answer: D) Resource. 28. In which country can you order braised brussels sprouts with your Nandos? A) Norway. B) France. C) USA. D) Egypt. Show Answer Correct Answer: C) USA. 29. What is one assumption that needs to be questioned when doing business internationally? A) Assuming people will be able to pay with cash or credit cards. B) Assuming you can choose the location of your business. C) Assuming you can use social media to advertise. D) Assuming you will not be asked for bribes. Show Answer Correct Answer: D) Assuming you will not be asked for bribes. 30. Which of the following is a key difference between domestic business and international business? A) Domestic business requires no currency exchange; international business does. B) Domestic business only involves local customers; international business involves foreign customers. C) Domestic business does not face political or economic risks; international business does. D) All of the above. Show Answer Correct Answer: D) All of the above. 31. Name one international trade agreement. A) WTO (World Trade Organization). B) NAFTA (North American Free Trade Agreement). C) EU (European Union). D) ASEAN (Association of Southeast Asian Nations). Show Answer Correct Answer: A) WTO (World Trade Organization). 32. Which political ideology allows for multiple beliefs and backgrounds to coexist? A) Democracy. B) Totalitarianism. C) Pluralism. D) Authoritarianism. Show Answer Correct Answer: C) Pluralism. 33. On what date did the United Kingdom officially leave the European Union? A) January 1, 2019. B) December 31, 2020. C) June 23, 2016. D) January 31, 2020. Show Answer Correct Answer: D) January 31, 2020. 34. Apa yang menjadi hambatan utama dalam regional economic integration? A) Semua jawaban benar. B) Perbedaan kebijakan ekonomi. C) Perbedaan budaya. D) Perbedaan agama. E) Perbedaan bahasa. Show Answer Correct Answer: B) Perbedaan kebijakan ekonomi. 35. A strategy that focuses on increasing the attractiveness of a product is referred to as a(n): A) Efficiency strategy. B) Effectiveness strategy. C) Low cost strategy. D) Differentiation strategy. Show Answer Correct Answer: D) Differentiation strategy. 36. What is global integration in the context of multinational corporations? A) The extent to which a company standardizes its products and processes across all markets. B) The extent to which a company adapts its products and processes to fit local customer preferences. C) A strategy that focuses on local adaptation while maintaining some global standards. D) A method of balancing global efficiency and local adaptation. Show Answer Correct Answer: A) The extent to which a company standardizes its products and processes across all markets. 37. Critics of globalization argue that falling barriers to trade enhance job security in manufacturing sectors of advanced countries. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 38. According to this theory, the holdings of a country's treasure primarily in the form of gold constituted its wealth. A) Ricardo Theory. B) Mercantilism. C) Gold Theory. D) Hecksher Theory. Show Answer Correct Answer: B) Mercantilism. 39. What does the competitive environment in international business depend on? A) Cultural factors. B) Political systems. C) Economic conditions. D) All of the above. Show Answer Correct Answer: D) All of the above. 40. What is the ultimate goal of marketing? A) Identifying customers' needs and wants. B) Understanding a target market. C) Making a profit. D) Receiving valuable feedback from customers. Show Answer Correct Answer: C) Making a profit. 41. What drove Starbucks to start expanding internationally? A) To increase brand recognition and market share. B) To reduce operational costs. C) To focus on domestic market. D) To focus on international market. Show Answer Correct Answer: A) To increase brand recognition and market share. 42. What clause pattern that this sentence belong to?"In case, there are quality inferior and quantity deficiencies, party A will be responsible for resolving them as expeditiously as possible after party A receive the report made by party B within 10 days from the date of receiving goods" A) Subordinate clause + main clause. B) Main clause + main clause. C) Main clause in between two subordinate clauses. D) Subordinate + 2 main clauses. Show Answer Correct Answer: C) Main clause in between two subordinate clauses. 43. What is a common risk associated with entering foreign markets? A) Increased market share. B) Enhanced brand reputation. C) Political instability. D) Improved supply chain efficiency. Show Answer Correct Answer: C) Political instability. 44. Which of the following is used in connection with production and marketing of goods? A) Licencing. B) Franchising. C) Both Licencing and franchising. D) Neither licencing nor franchising. Show Answer Correct Answer: A) Licencing. 45. What is the advantage of direct distribution channels in international markets? A) Faster delivery to end consumers. B) Easier product adaptation. C) Lower costs due to fewer intermediaries. D) Simplified pricing strategies. Show Answer Correct Answer: C) Lower costs due to fewer intermediaries. 46. The theory of comparative cost advantage is given by A) David Ricardo. B) Adam Smith. C) F W Taussig. D) Ohlin and Heckscher. Show Answer Correct Answer: A) David Ricardo. 47. International Business course in Cracow University of Economics in 2024 was for me ..... : A) LOST OF TIME. B) INTERESTING EXPERIENCE TO EXCEL MY COMPETENCES (KNOWLEDGE, SKILLS, ATTITUDE). C) GREAT FUN. D) UNNECESSARY LOCATION OF RESOURCES. Show Answer Correct Answer: B) INTERESTING EXPERIENCE TO EXCEL MY COMPETENCES (KNOWLEDGE, SKILLS, ATTITUDE). 48. Immobility of labor among nations is A) Relatively of a higher degree than among regions in the same country. B) Relatively easier than movement within the country. C) Absolute. D) Of the same degree as within the country. Show Answer Correct Answer: A) Relatively of a higher degree than among regions in the same country. 49. Why is the IMF sometimes problematic for countries? A) It only helps rich countries. B) It takes over the government. C) Its help comes with very tough conditions. D) It gives money without asking questions. Show Answer Correct Answer: C) Its help comes with very tough conditions. 50. Which of the following trade policies limits specified quantity of goods to be imported at one tariff rate? A) Quota. B) Import tariff. C) Specific tariff. D) All of the above. Show Answer Correct Answer: A) Quota. 51. A set of behaviors, values and attitudes associated with a particular group of people A) Indirect Eye Contact. B) Etiquette. C) Sociability. D) Culture. Show Answer Correct Answer: D) Culture. 52. Licensing in international business means: A) Purchasing raw materials from overseas. B) Hiring foreign employees. C) Giving another firm the rights to use intellectual property. D) Setting up a wholly owned subsidiary. Show Answer Correct Answer: C) Giving another firm the rights to use intellectual property. 53. Why is it important to analyze the global marketing environment? A) To understand local consumer behavior. B) To identify country-specific risks and opportunities. C) To focus only on technological advancements. D) To avoid legal compliance. Show Answer Correct Answer: B) To identify country-specific risks and opportunities. 54. The interest rate payable on post shipment is lower than normal rate? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 55. An ..... license is an express authorization by a given country's government to export a specific product before it is shipped. A) Export. B) Customs. C) Import. D) Quota. Show Answer Correct Answer: A) Export. 56. A(n) ..... is a citizen of one country who is working abroad in one of the firm's subsidiaries. A) Expatriate manager. B) Global citizen. C) Ethnocentric manager. D) International manager. Show Answer Correct Answer: A) Expatriate manager. 57. If a product is created by at least ..... % in America, it can be labeled "Made in America" . A) 45. B) 25. C) 75. D) 51. Show Answer Correct Answer: D) 51. 58. A business that has direct investments (in the form of marketing or manufacturing subsidiaries) abroad in several countries is called a ..... A) Multinational corporation. B) Domestic corporation. C) Shell corporation. D) Shell corporation. Show Answer Correct Answer: A) Multinational corporation. 59. People generally prefer little consultation between superiors and subordinates in cultures where ..... is high. A) Self actualisation. B) Fatalism. C) Individualism. D) Power distance. Show Answer Correct Answer: D) Power distance. 60. Which strategy is designed to mix growth, retrenchment, and stability? A) Multinational Strategy. B) Focus Strategy. C) Global Strategy. D) Combination Strategy. Show Answer Correct Answer: D) Combination Strategy. ← PreviousNext →Related QuizzesCommerce QuizzesClass 11 QuizzesClass 11 Business Studies Chapter 10 International Business Quiz 1Class 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 8Class 11 Business Studies Chapter 10 International Business Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books