This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 20 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. There is an agreement whereby a firm, called a licensor, grants a foreign firm the right to use the intangible (intellectual) property for a specific period of time, usually in return for a royalty. A) Exporting. B) Foreign direct investment. C) Franchising. D) Licensing. Show Answer Correct Answer: D) Licensing. 2. If I am buying a product internationally am I an Importer or Exporter. A) Importer. B) Exporter. C) All the above. D) None of the above. Show Answer Correct Answer: A) Importer. 3. What is the significance of branding in international marketing? A) Branding is crucial for establishing identity, building loyalty, and differentiating products in international markets. B) Branding has no impact on customer perception. C) Branding is solely about logo design. D) Branding is only important for local markets. Show Answer Correct Answer: A) Branding is crucial for establishing identity, building loyalty, and differentiating products in international markets. 4. Government Incentives A) Benefits. B) Limitations. C) All the above. D) None of the above. Show Answer Correct Answer: A) Benefits. 5. Is the following an advantage or a disadvantage of international business locations?"Avoiding import tariffs" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: A) Advantage. 6. What is a major challenge in international business related to government? A) Stability of the government. B) The number of political parties. C) The size of foreign governments. D) The age of political leaders. Show Answer Correct Answer: A) Stability of the government. 7. In the United States crossing your fingers is a sign of wishing for good luck. In this country, the gesture is considered lewd. This country is also home to the Ho Chi Minh City Stock Exchange. A) Philippines. B) China. C) Vietnam. D) None of the above. Show Answer Correct Answer: A) Philippines. 8. Which of the following is an example of a primary activity in a firm's value chain? A) Information systems. B) Research and development. C) Logistics. D) Human relations. Show Answer Correct Answer: B) Research and development. 9. What is a common challenge faced by developing countries in international trade? A) Strong economic growth. B) High levels of foreign investment. C) Debt crises. D) Stable political environments. Show Answer Correct Answer: C) Debt crises. 10. Which organization enforces the provisions of GATT? A) IMF. B) WTO. C) OECD. D) UNCTAD. Show Answer Correct Answer: B) WTO. 11. In some cultures, you should not ask a business man about his wife and/or daughters. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 12. What is the purpose of OPEC? A) Set the price of petroleum. B) Encourage the use of oil throughout the Middle East. C) Increase the sale of petroleum in 1st world nations. D) Develop new ways to extract oil from the Earth. Show Answer Correct Answer: A) Set the price of petroleum. 13. A control on the amount of a product that can be imported into a country. A) Negotiate. B) Quota. C) International. D) Free trade. Show Answer Correct Answer: B) Quota. 14. Which of the following is NOT a component of the international business environment? A) Cultural Environment. B) Political Environment. C) Legal Environment. D) Technological Environment. Show Answer Correct Answer: A) Cultural Environment. 15. For a host country that receives the investment, it cannot provide:a source of new technologies, capital, processes, products. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 16. A country that wishes to enhance international trade activities would be most likely use: A) A quota. B) A tariff. C) An embargo. D) A common market. Show Answer Correct Answer: D) A common market. 17. Which is correct?big $\rightarrow$ biggerfun $\rightarrow$ ..... A) Funnier. B) More fun. C) More funner. D) Funner. Show Answer Correct Answer: B) More fun. 18. When divergent cultures come in contact, ..... occurs. A) Group membership. B) Power distance. C) Culture shock. D) Culture collision. Show Answer Correct Answer: D) Culture collision. 19. What is the main difference between Domestic Business and International Business in terms of currency? A) Domestic business deals with different currencies, International business deals with the same currency. B) Domestic business deals with the same currency, International business deals with different currencies. C) Both deal with different currencies. D) Both deal with the same currency. Show Answer Correct Answer: B) Domestic business deals with the same currency, International business deals with different currencies. 20. Why might replication of existing capabilities be harder in the case of an acquisition? A) Because existing capabilities may not transfer easily. B) Because acquisitions may face governmental restrictions. C) Because acquisitions always increase industry supply. D) Because acquisitions often involve mature industries. Show Answer Correct Answer: A) Because existing capabilities may not transfer easily. 21. What is a key challenge for firms entering international markets? A) Access to local resources. B) Familiarity with local culture. C) Stable tax policies. D) Uncontrollable external forces. Show Answer Correct Answer: D) Uncontrollable external forces. 22. What is Microeconomics and Macroeconomics about? A) Microeconomics is the study of small companies and Macroeconomics is the study of large companies. B) Microeconomics is the study of small economic units and Macroeconomics looks at the way nations allocate resources. C) Microeconomics focuses on individuals and Macroeconomics focuses at companies. D) Microeconomics deals with small transactions and Macroeconomics is the study of large transaction processes. Show Answer Correct Answer: B) Microeconomics is the study of small economic units and Macroeconomics looks at the way nations allocate resources. 23. International product life cycle views a product as going through a full life cycle from the ..... stage to ..... A) Export-import. B) Internationalization-standardization. C) Innovation-import. D) Import-export. Show Answer Correct Answer: B) Internationalization-standardization. 24. What is the General Agreement on Tariffs and Trade (GATT)? A) An independent agency of the U.S. government. B) A partnership formed to create competitive advantage. C) An international organization of nations dedicated to reducing tariffs. D) A firm that operates on a worldwide scale. Show Answer Correct Answer: C) An international organization of nations dedicated to reducing tariffs. 25. A manager who has polycentric beliefs will: A) Perceive the home country as superior. B) Create division and staff on a regional basis. C) Develop a standardized marketing mix. D) Establish subsidiaries in overseas markets. Show Answer Correct Answer: D) Establish subsidiaries in overseas markets. 26. Which of the following is not imported into the US in large quantities? A) Wheat. B) Tea. C) Rice. D) Coffee. Show Answer Correct Answer: A) Wheat. 27. An approach in which whole world is a market place is known as: A) Polycentric approach. B) Ethnocentric approach. C) Geocentric approach. D) Reginocentric approach. Show Answer Correct Answer: C) Geocentric approach. 28. Which market type is characterised by high-income levels and advanced infrastructure? A) Developed economies. B) Emerging markets. C) Less developed economies. D) None of the above. Show Answer Correct Answer: A) Developed economies. 29. Pros or the benefits of regional integration which is not included A) Creating a larger pool of consumers . B) Encouraging economies of scale in production . C) Losing sovereignty, national independence and identity. D) Freeing the flow of capital, labor and technology . Show Answer Correct Answer: C) Losing sovereignty, national independence and identity. 30. What positive role do foreign companies play in job creation through FDI? A) They reduce the number of jobs. B) They create jobs directly and indirectly. C) They eliminate existing jobs. D) They focus only on indirect job creation. Show Answer Correct Answer: B) They create jobs directly and indirectly. 31. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'I like ..... (my job) very much. A) It. B) Her. C) You. D) Him. Show Answer Correct Answer: A) It. 32. When an exchange rate of a currency depreciates, the following will be likely to happen: A) Import prices will fall and export prices will rise. B) Export sales will fall and import purchases will increase. C) Export prices will fall and import prices will rise. D) Prices of all products will not change. Show Answer Correct Answer: C) Export prices will fall and import prices will rise. 33. What is the hidden culture? A) Business etiquettes of different cultures. B) Religious practices different religions. C) Spoken languages of different countries. D) Eaten manners of different countries. Show Answer Correct Answer: D) Eaten manners of different countries. 34. What is an example of a joint venture? A) Two companies from different countries starting a new business together. B) A company using another's trademark for a fee. C) A UAE company selling oil to Europe. D) A UAE-based supermarket buying goods from India. Show Answer Correct Answer: A) Two companies from different countries starting a new business together. 35. In a product-based structure, each product line operates almost like its own company. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 36. Religion has no influence on international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 37. How can understanding Hofstede's Cultural Dimensions help in global marketing? A) By adapting marketing strategies to cultural preferences. B) By reducing production costs. C) By focusing only on legal compliance. D) By identifying technological trends. Show Answer Correct Answer: A) By adapting marketing strategies to cultural preferences. 38. What characterizes a command economy? A) Central planning. B) Consumer choices. C) Private ownership. D) None of the above. Show Answer Correct Answer: A) Central planning. 39. Which of the following is NOT a benefit of Corporate Social Responsibility (CSR)? A) Customer Loyalty. B) Increased Legal Liabilities. C) Talent Attraction. D) Enhanced Reputation. Show Answer Correct Answer: B) Increased Legal Liabilities. 40. Which is not the difference between Merger and Acquisition? A) Merger:It is the mutual decision.Acquisition:It can be friendly takeover or hostile takeover. B) Merger:Less expensive.Acquisition:More expensive (higher legal cost). C) Merger:It is time-consuming and the company has to maintain so much legal issues.Acquisition:It is faster and easier transaction. D) Merger:Merging of two companies into one.Acquisition:Buying one company by another. Show Answer Correct Answer: B) Merger:Less expensive.Acquisition:More expensive (higher legal cost). 41. Post shipment finance can A) Pay ECGC premium. B) Undertake export promotion. C) Pay custom duty. D) All of the above. Show Answer Correct Answer: D) All of the above. 42. A few companies control the industry in this model: A) Competition. B) Oligopoly. C) Pure Competition. D) Monopoly. Show Answer Correct Answer: B) Oligopoly. 43. What strategy to implement when the firm is in a high-pressure local responsiveness and high-pressure cost reduction? A) Global Standardization. B) Transnational. C) Internationalization. D) Localization. Show Answer Correct Answer: B) Transnational. 44. What does the political environment in international business include? A) Cultural beliefs. B) Government relationships. C) Market trends. D) Technological advancements. Show Answer Correct Answer: B) Government relationships. 45. Which mode of international business is commonly used for online global shopping? A) E-commerce. B) Franchising. C) Joint ventures. D) Licensing. Show Answer Correct Answer: A) E-commerce. 46. What are the different types of Foreign Direct Investment (FDI)? A) Debt Financing. B) Portfolio Investment. C) 1. Greenfield Investment, 2. Mergers and Acquisitions, 3. Joint Ventures, 4. Horizontal FDI, 5. Vertical FDI. D) Real Estate Investment. Show Answer Correct Answer: C) 1. Greenfield Investment, 2. Mergers and Acquisitions, 3. Joint Ventures, 4. Horizontal FDI, 5. Vertical FDI. 47. How does the culture in Australia typically influence business practices compared to other regions? A) Emphasis on hierarchical structures. B) Preference for informal and direct communication. C) Focus on religious-based ethical guidelines. D) Strict adherence to traditional aesthetics. Show Answer Correct Answer: B) Preference for informal and direct communication. 48. UNIT 1:ABOUT YOUDIALOGUEA: ..... are you Eddie Young from BIT? B:No, I'm not. A) My apologies. B) Hi!. C) Excuse me. D) How. Show Answer Correct Answer: C) Excuse me. 49. Which of these is NOT a motive for entering foreign markets? A) Increase sales and profits. B) Protect markets and profits. C) Minimize exposure to international competition. D) Access to raw materials. Show Answer Correct Answer: C) Minimize exposure to international competition. 50. ..... has the authority to administrate foreign exchange in India. A) Commercial banks. B) Financial institutions. C) RBI. D) Money changers. Show Answer Correct Answer: C) RBI. 51. The best strategy for Dominos Pizza is A) International. B) Localization. C) Global standardization. D) Transnational. Show Answer Correct Answer: B) Localization. 52. Which of the following is a common argument in favour of tariffs? A) They protect domestic industries. B) They increase foreign competition. C) They reduce government revenue. D) They increase foreign competition. Show Answer Correct Answer: A) They protect domestic industries. 53. Which of the following is NOT one of the three entry strategies in global business? A) Exporting. B) Foreign Direct Investment (FDI). C) Licensing and Franchising. D) Import Substitution. Show Answer Correct Answer: D) Import Substitution. 54. Which of Hofstede's dimensions measures the degree to which individuals are integrated into groups and the importance of collective versus individual achievement? A) Masculinity-Femininity. B) Power Distance. C) Uncertainty Avoidance. D) Individualism-Collectivism. Show Answer Correct Answer: D) Individualism-Collectivism. 55. What are the different forms of foreign investment in the context of international business? A) Foreign direct investment (FDI), foreign portfolio investment (FPI), and international trade. B) Domestic investment, internal investment, external investment. C) Local investment, regional investment, global investment. D) National investment, continental investment, intercontinental investment. Show Answer Correct Answer: A) Foreign direct investment (FDI), foreign portfolio investment (FPI), and international trade. 56. ..... investments include everyday bank accounts, high interest savings accounts and term deposits A) Domestic. B) Global. C) Cash. D) All the above. Show Answer Correct Answer: C) Cash. 57. What is NOT true about "Profitability" ? A) Profitability = Revenue-Expenses. B) It is a relative measure. C) It indicates how profitable a business is. D) It can be measured by Rate on Investment. Show Answer Correct Answer: A) Profitability = Revenue-Expenses. 58. Which of the following is not a part of the 4 Ps of marketing? A) Price. B) Product. C) Place. D) Process. Show Answer Correct Answer: D) Process. 59. Apa yang dimaksud dengan quota rent? A) Subsidi dari pembatasan kuota impor. B) Tarif dari pembatasan kuota impor. C) Kerugian dari pembatasan kuota impor. D) Keuntungan tambahan dari pembatasan kuota impor. Show Answer Correct Answer: D) Keuntungan tambahan dari pembatasan kuota impor. 60. UNIT 1:ABOUT YOUSimple ExchangesA:Is Terry Maynard an accountant?B: ..... He's an IT manager. A) No, he isn't. B) Yes, He isn't. C) Maybe, he is. D) Yes, he is. Show Answer Correct Answer: A) No, he isn't. ← 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