This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 22 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 22 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A good ..... is to be aware of engaging in questionable activities, which might be legal but couldn't have future reputation repercussion. A) Rule of thumb. B) Global economy. C) Domestic firm. D) All the above. Show Answer Correct Answer: A) Rule of thumb. 2. International business involves the buying and selling of products or services between countries. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 3. Which of the following is NOT listed as a component of Ethical, Legal, and Political Barriers in international trade? A) International laws. B) Different ethical values. C) Trade restrictions. D) Currency exchange rates. Show Answer Correct Answer: D) Currency exchange rates. 4. A free-trade agreement between two companies results in increased trade between the countries because barriers to trade are removed. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. Ensuring continuous supply belongs to which types of motives of internationalization: A) COST OPTIMIZATION. B) SUPPLY SIDE OPTIMIZATION. C) MARKET MOTIVES. D) POLITICAL MTIVES. Show Answer Correct Answer: B) SUPPLY SIDE OPTIMIZATION. 6. What is Arbitrage? A) A legal dispute resolution process. B) Simultaneous buying and selling in different markets for profit. C) A type of international insurance policy. D) The process of cultural adaptation in business. Show Answer Correct Answer: B) Simultaneous buying and selling in different markets for profit. 7. Which of the following best defines 'Innovation'? A) A new idea that has been put into commercial use. B) The creation of an invention. C) Application of scientific knowledge for practical aims. D) Implementation of old technologies in new contexts. Show Answer Correct Answer: A) A new idea that has been put into commercial use. 8. International Business takes place between: A) Two countries. B) Two cities. C) Two states. D) Two Districts. Show Answer Correct Answer: A) Two countries. 9. What is an international strategy? A) Focusing entirely on the domestic market. B) Exporting and selling just like in the home market. C) Dispersing value creation activities globally to achieve efficiency and local responsiveness. D) Focusing on developing premium products at home. Show Answer Correct Answer: C) Dispersing value creation activities globally to achieve efficiency and local responsiveness. 10. According to the Theory of Mercantilism, a nation's wealth is determined by: A) The standard of living of its citizens. B) Its accumulation of gold and silver (bullion). C) The efficiency of its labor force. D) The amount of goods it imports. Show Answer Correct Answer: B) Its accumulation of gold and silver (bullion). 11. More $ leaves than comes in = Balance of Trade ..... A) Surplus. B) Deficit. C) Slurpy. D) None of the above. Show Answer Correct Answer: B) Deficit. 12. Is the following an advantage or a disadvantage of international business locations?"*Access global markets" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: A) Advantage. 13. If a person spends more than 24 hours in a place outside his country, is he considered an international tourist? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 14. What is an example of Foreign Direct Investment (FDI)? A) Saving money in the bank. B) Opening new Starbucks stores in Indonesia. C) Sending money to friends overseas. D) Buying shares of BCA for a few months. Show Answer Correct Answer: B) Opening new Starbucks stores in Indonesia. 15. Haier's entry into the US white goods market is an example of which strategy? A) Staged acquisition. B) Blue Ocean Strategy (BOS). C) Brownfield acquisition. D) Conventional acquisition. Show Answer Correct Answer: B) Blue Ocean Strategy (BOS). 16. ..... theory talks about attaining economies of scale and lowering the cost of production by specialization in the production of certain goods A) New Trade Theory. B) Product lifecycle theory. C) Porter's theory of national competitive advantage. D) Theory of comparative advantage. Show Answer Correct Answer: A) New Trade Theory. 17. The policy of imposing duties or quotas on imports in order to protect home industries from overseas competition. A) Free trade. B) Protectionism. C) Balance of trade. D) None of the above. Show Answer Correct Answer: B) Protectionism. 18. What does the term 'balance of trade' refer to? A) The difference between the value of a country's exports and the value of its imports. B) The total value of a country's exports. C) The total value of a country's imports. D) The difference between the value of a country's imports and the value of its exports. Show Answer Correct Answer: A) The difference between the value of a country's exports and the value of its imports. 19. Cultural sensitivity means you should do the following except: A) Assume that your way of doing things is the right way. B) Never afraid to learn new things. C) Assume you know everything about someone's culture. D) Do not ever initiate the conversation. Show Answer Correct Answer: D) Do not ever initiate the conversation. 20. What percentage of all foreign direct investment (FDI) is made by the world's largest 500 MNEs? A) 60%. B) 80%. C) 70%. D) 90%. Show Answer Correct Answer: B) 80%. 21. How do trade fairs help UK businesses according to the 'Open to Export' service? A) By offering financial support. B) By simplifying legal procedures. C) By reducing export taxes. D) By providing networking opportunities. Show Answer Correct Answer: D) By providing networking opportunities. 22. Which of the following is NOT a dimension of Hofstede's cultural dimensions theory? A) Individualism vs. Collectivism. B) Nationalism vs. Globalism. C) Power Distance. D) Masculinity vs. Femininity. Show Answer Correct Answer: B) Nationalism vs. Globalism. 23. Main difference that has the future's market from the forward's A) Directly between seller and buyer. B) Are negotiated outside of Stock Exchanges. C) Are negotiated on authorized Stock Exchanges. D) None of the above. Show Answer Correct Answer: C) Are negotiated on authorized Stock Exchanges. 24. An agreement between countries that eliminates duties and trade barriers on products traded among members A) Trade Embargo. B) Social Responsibility. C) Tax Holiday. D) Free-Trade Agreement. Show Answer Correct Answer: D) Free-Trade Agreement. 25. Which of the following is NOT an argument in favor of protectionism? A) Protectionism promotes industries that are essential to national security. B) Protectionism shields infant industries from foreign competition. C) Protectionism safeguards workers' jobs. D) Protectionism makes domestic firms more competitive in the long run. Show Answer Correct Answer: D) Protectionism makes domestic firms more competitive in the long run. 26. How a country manages its resources is an example of its ..... condition, which influences international business. A) Cultural and social. B) Geographic. C) Economic. D) Political and legal. Show Answer Correct Answer: C) Economic. 27. What is a key factor affecting international promotion mix? A) Product adaptation. B) Global advertising versus market-specific advertising. C) Standard pricing. D) Direct distribution channels. Show Answer Correct Answer: B) Global advertising versus market-specific advertising. 28. Which is NOT a positive adjective about a smartphone? A) Compact. B) Reliable. C) Heavy. D) High-quality. Show Answer Correct Answer: C) Heavy. 29. Which of the following agreements was in direct violation of the principles of GATT? A) Trade-Related Aspects of Intellectual Property Rights. B) Trade policy review. C) Multifibre Arrangement. D) General Agreement on Trade in Services. Show Answer Correct Answer: C) Multifibre Arrangement. 30. What is the focus of the Climate Change Agenda mentioned in the document? A) The environmental impact of human activity and the warning of the Earth's atmosphere due to greenhouse gas emissions. B) Promoting international monetary cooperation. C) Monitoring the global economy. D) Providing financial assistance to countries in crisis. Show Answer Correct Answer: A) The environmental impact of human activity and the warning of the Earth's atmosphere due to greenhouse gas emissions. 31. Why companies engage in international business? A) To expand sales. B) To acquire resources. C) To diversify or reduce risks. D) All of these. Show Answer Correct Answer: D) All of these. 32. What is a common feature of bilateral Free Trade Agreements (FTAs)? A) They include a commitment to reduce tariffs and adjust industry regulations. B) They eliminate all trade barriers globally. C) They provide direct financial assistance to exporters. D) They guarantee equal market access for all countries. Show Answer Correct Answer: A) They include a commitment to reduce tariffs and adjust industry regulations. 33. Which of the following is a challenge faced by the World Trade Organization (WTO) in reforming global trade policy? A) Insufficient export markets. B) Lack of international currency. C) Limited access to technology. D) Conflicting interests of member countries. Show Answer Correct Answer: D) Conflicting interests of member countries. 34. Bagaimana cara suatu negara mengaplikasikan kuota impor? A) Pembatasan langsung pada harga barang yang diimpor. B) Membatasi lisensi impor kepada perusahaan yang sudah lulus standar. C) Menentukan standar produk yang diizinkan untuk diimpor. D) Pembatasan langsung pada negara asal barang yang diimpor. Show Answer Correct Answer: B) Membatasi lisensi impor kepada perusahaan yang sudah lulus standar. 35. A major function of the IMF is ..... A) To be an international liquidator. B) Helps in expansion of production. C) To liberalise international trade. D) To provide technical assistance. Show Answer Correct Answer: A) To be an international liquidator. 36. Infrastructure is a significant factor that affects the economic development of a country. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 37. Bagaimana keputusan produksi global dan pengelolaan rantai pasokan dapat mempengaruhi pertumbuhan dan profitabilitas perusahaan global? A) Meningkatkan efisiensi operasional dan responsibilitas terhadap permintaan pelanggan. B) Memperluas kebutuhan kerjasama dengan pemasok lokal. C) Meningkatkan ketergantungan pada teknologi informasi. D) Menghindari persaingan dengan perusahaan lokal. Show Answer Correct Answer: A) Meningkatkan efisiensi operasional dan responsibilitas terhadap permintaan pelanggan. 38. Why might a company NOT have to pay upfront? A) Long standing business relationship. B) Bad Debt. C) Bad Credit. D) No trust. Show Answer Correct Answer: A) Long standing business relationship. 39. Gaining public attention for the purpose of selling products or services through various forms of media is known as ..... A) Advertising. B) Advertising Agency. C) Rebate. D) Publicity. Show Answer Correct Answer: A) Advertising. 40. A particular number that an export firm needs to have is known as- A) IFC Code. B) IEC Number. C) IIC Number. D) IFC Number. Show Answer Correct Answer: B) IEC Number. 41. Which of the following is not a pressure for local responsiveness? A) Host government demands. B) Differences in consumer tastes and preferences. C) Differences in distribution channel. D) Excess capacity. Show Answer Correct Answer: D) Excess capacity. 42. The key factors that affect a country's level of economic development include all of these EXCEPT: A) Technology. B) Agricultural Dependency. C) Literacy Level. D) Unemployment Rate. Show Answer Correct Answer: D) Unemployment Rate. 43. Which of the following NOT example of international company? A) Google. B) Alex Minishop. C) Nestle. D) IBM. Show Answer Correct Answer: B) Alex Minishop. 44. If Brazil has a comparative advantage in producing rubber, and trade in rubber is allowed ..... A) Brazil could become either an exporter or importer. B) Brazil will become an exporter of rubber. C) Brazil will become an importer of rubber. D) It is impossible to determine whether Brazil will become an importer or an exporter of rubber without additional information about rubber prices. Show Answer Correct Answer: B) Brazil will become an exporter of rubber. 45. Which of the following describes an embargo? A) A subsidy for foreign goods. B) A complete halt of trade with a country. C) A tax on exports. D) A limit on imports. Show Answer Correct Answer: B) A complete halt of trade with a country. 46. Some of the major economic reform themes that are common to the three international organizations promoting globalization are: A) Trade liberalization, deregulation, and privatization. B) Protectionism, increased tariffs, and isolationism. C) Nationalization, currency devaluation, and autarky. D) Subsidies, import quotas, and closed markets. Show Answer Correct Answer: A) Trade liberalization, deregulation, and privatization. 47. Which of the following is a common activity of MNCs? A) Buying resources in various countries. B) Establishing foreign exchange rates. C) Inventing goods in a variety of countries. D) Training of international managers. Show Answer Correct Answer: A) Buying resources in various countries. 48. How does McDonald's demonstrate local responsiveness? A) By offering a standardized menu across all countries. B) By adapting its menu to local tastes. C) By maintaining the same pricing strategy worldwide. D) By using the same marketing campaigns in every market. Show Answer Correct Answer: B) By adapting its menu to local tastes. 49. Any implementation of fees, rules, or regulations designed with the intention to limit international tradeTHIS IS? A) International economic aid. B) Value Added Tax. C) Transporting commodities. D) A customs barrier. Show Answer Correct Answer: D) A customs barrier. 50. How do international financial institutions support global trade? A) By limiting foreign investments. B) By controlling currency exchange rates. C) By imposing tariffs on imports. D) International financial institutions support global trade by providing financing, risk mitigation, and policy advice. Show Answer Correct Answer: D) International financial institutions support global trade by providing financing, risk mitigation, and policy advice. 51. It answers the part of how you do the series of steps A) Process. B) Procedures. C) All the above. D) None of the above. Show Answer Correct Answer: B) Procedures. 52. Standard policy is provided by which institute for insurance and guarantees of International business processes? A) LIC. B) EXIM Bank. C) IMF. D) ECGC. Show Answer Correct Answer: D) ECGC. 53. The provides protection of public health by regulating the farming and forestry sector. A) USDA. B) WHO. C) FDA. D) UN. Show Answer Correct Answer: A) USDA. 54. All of the following are basic elements that make up a culture except ..... A) Literature. B) Beliefs. C) Animals. D) Art. Show Answer Correct Answer: C) Animals. 55. This is done when payments to credit cards or other bills are scheduled to be automatically paid on a certain date from the payee's debit or credit card. A) Auto pay. B) Manual bill payment. C) Payment reminder service. D) Credit card rewards program. Show Answer Correct Answer: A) Auto pay. 56. Legal system based on a detailed set of written rules and statutes that constitute a legal code is called A) Codified legal system. B) Common law legal system. C) Civil law legal system. D) Unwritten legal system. Show Answer Correct Answer: B) Common law legal system. 57. Which type of strategy have strong pressures for cost reductions and demands for local responsiveness are minimal? A) Global Standardization Strategy. B) Transnational Strategy. C) International Strategy. D) Localization Strategy. Show Answer Correct Answer: A) Global Standardization Strategy. 58. Sektor apa yang cenderung menjadi penerima manfaat terbesar dari subsidi? A) Teknologi. B) Pertanian. C) Pendidikan. D) Energi. Show Answer Correct Answer: B) Pertanian. 59. UNIT 1:ABOUT YOUSimple ExchangesA:Are you in the maintenance department?B: ..... A) No, I'm not. I'm in the IT department. B) No, I am. I'm in the IT department. C) Yes, I am not. I am from the maintenance department. D) Yes, I am. I am from the IT department. Show Answer Correct Answer: A) No, I'm not. I'm in the IT department. 60. International Business 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: A) Any activity involvingbusiness operations across national borders. ← 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