This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 23 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 23 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following theories suggests that first mover advantage is significant in the export of a good? A) New trade theory. B) Ricardo's theory. C) Product life-cycle theory. D) Theory of comparative advantage. Show Answer Correct Answer: A) New trade theory. 2. Sports teams having their logo on souvenir is considered? A) Franchising. B) Licensing. C) Joint venture. D) Infrastructure. Show Answer Correct Answer: B) Licensing. 3. Where is the headquarters of the World Trade Organization located? A) Brussels, Belgium. B) Geneva, Switzerland. C) New York, United States. D) Vienna, Austria. Show Answer Correct Answer: B) Geneva, Switzerland. 4. Which of the following is NOT a factor affecting exchange rates? A) Political stability. B) Inflation. C) Interest rates. D) The color of the sky. Show Answer Correct Answer: D) The color of the sky. 5. A no-trade world will have which of the following characteristics: A) Countries will have same relative endowments of production factors. B) Consumers across countries will have identical and homogenous tastes. C) There will be no distortions or externalities. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. What is the REACH Model? A) A strategy for organizations to expand into foreign markets. B) A framework for managing local governance. C) A method for standardizing products across markets. D) A model for increasing global integration. Show Answer Correct Answer: A) A strategy for organizations to expand into foreign markets. 7. Which of the following is not a document related to export transaction? A) Bill of Entry. B) Shipping Bill. C) Airway Bill. D) Mate's Receipt. Show Answer Correct Answer: A) Bill of Entry. 8. An MNC decides NOT to invest in a country because of a high risk of civil war and frequent changes in government. This is an example of: A) Technological Risk. B) Political Risk. C) Economic Risk. D) Environmental Risk. Show Answer Correct Answer: B) Political Risk. 9. What are good ways to measure an economic's productivity? A) Gross Domestic Product (GDP). B) Consumer Price Index (CPI). C) Income. D) All three listed answers are correct. Show Answer Correct Answer: D) All three listed answers are correct. 10. Based on the table of selected multilateral organizations, which organization is responsible for global climate change policy? A) Kyoto Agreement, Paris Agreement. B) UN. C) World Bank. D) WTO. Show Answer Correct Answer: A) Kyoto Agreement, Paris Agreement. 11. What is one way a firm can enhance its efficiency through FDI? A) By accessing cheap labor and locating activities close to customers. B) By increasing advertising in domestic markets. C) By hiring more local employees. D) By reducing the number of products offered. Show Answer Correct Answer: A) By accessing cheap labor and locating activities close to customers. 12. What country is the city of York in? A) The United States. B) England. C) Japan. D) Canada. Show Answer Correct Answer: B) England. 13. All of them are the implantation of culture cluster theory across countries except: A) Market expansion. B) Employee management. C) Area product design. D) Marketing promotion. Show Answer Correct Answer: D) Marketing promotion. 14. A business strategy that involves selling products and services in different foreign markets without changing the characteristics of the product/service to accommodate the cultural norms or customs of the various markets. A) Multi-Domestic Strategy. B) Uni-Lateral Strategy. C) Multi-National Strategy. D) Comparative Advantage. Show Answer Correct Answer: C) Multi-National Strategy. 15. 1 USD is equal to ..... AED. A) 10000. B) 2.50. C) 3.67. D) 5.75. Show Answer Correct Answer: C) 3.67. 16. In the language of international trade placing order for goods is known as ..... A) Import. B) Export. C) Indent. D) Purchase. Show Answer Correct Answer: C) Indent. 17. Is this message clear enough to act on? " please send the report soon" A) Yes it's clear. B) No it's not clear. C) Yes, but only in Thailand. D) It depends on the relationship. Show Answer Correct Answer: B) No it's not clear. 18. Which one of the following is not TRUE about exporting mode of foreign market entry? A) Increases overall sales volume. B) Increases economies of scale. C) Exporting protects the firm against fluctuations in exchange rates. D) Diversifies customer base. Show Answer Correct Answer: C) Exporting protects the firm against fluctuations in exchange rates. 19. ..... is mostly home-based organization, located in the manufacturer's country, which is involved in the export of products that the manufacturer has produced A) Export house. B) Import house. C) Global. D) Firm. Show Answer Correct Answer: A) Export house. 20. What are some examples of international trade alliances? A) OPEC, BRICS, UN. B) NAFTA, EU, ASEAN. C) NATO, APEC, G7. D) WTO, IMF, G20. Show Answer Correct Answer: B) NAFTA, EU, ASEAN. 21. What does a Herfindahl-Hirschman Index (H) below 0.15 (or 1, 500) indicate? A) Moderate concentration. B) Highly competitive index. C) High concentration. D) Unconcentrated index. Show Answer Correct Answer: D) Unconcentrated index. 22. Which strategy is make sense when there are low cost pressures and low pressures for local responsiveness? A) Localization strategy. B) Global standardization strategy. C) Transnational strategy. D) International strategy. Show Answer Correct Answer: D) International strategy. 23. If a person is only a hiker, is he considered an international tourist? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 24. International tourism includes inbound tourism and outbound tourism A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. What is experiential knowledge in the context of internationalization? A) Knowledge learned by reading textbooks. B) Knowledge learned by engaging in the activity and context. C) Knowledge learned from advertisements. D) Knowledge learned from competitors. Show Answer Correct Answer: B) Knowledge learned by engaging in the activity and context. 26. Can people produce all their needs? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: B) No. 27. "Please revise accordingly." Why is this risky in international business? A) It sounds rude. B) "Accordingly" is vague. C) It is too long. D) It shows authority. Show Answer Correct Answer: B) "Accordingly" is vague. 28. Which of the following is a case of international EXPORTS? A) The Velasco Co. of the U.S. ships 20 truckloads of seafood to Canada. B) The Lamando retail firm of France decides to expand to the U.K. and purchases a large plot of land. C) BBN Bank of Canada sends $ 30 million to its subsidiary in the Bahamas. D) All are examples. Show Answer Correct Answer: A) The Velasco Co. of the U.S. ships 20 truckloads of seafood to Canada. 29. Apa yang dimaksud dengan "Tariffs" dalam kebijakan perdagangan? A) Pembatasan impor. B) Subsidi untuk produsen lokal. C) Pajak atas barang impor. D) Larangan ekspor. Show Answer Correct Answer: C) Pajak atas barang impor. 30. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Accounts Manager' A) City. B) Name. C) Company. D) Position. Show Answer Correct Answer: D) Position. 31. The is an intergovernmental organization that aims to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a center for harmonizing the actions of nations. A) World Health Organization (WHO). B) United Nations (UN). C) The Caribbean Basin Initiative (CBI). D) North American Free Trade Agreement (NAFTA). Show Answer Correct Answer: B) United Nations (UN). 32. Ethical issues can arise when environmental regulations in host nations are inferior to those in the home nation. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 33. World Trade Organization (WTO) is A) Agreement that created a free-trade area among the United States, Canada, and Mexico. B) Is a company that conducts business in only one country, which is known as the home country. C) A permanent global institution to promote international trade and to settle international trade disputes. D) None of the above. Show Answer Correct Answer: C) A permanent global institution to promote international trade and to settle international trade disputes. 34. Which of the following best describes a newly created JV (Joint Venture)? A) A new corporate entity created and jointly owned by two or more parent companies. B) A company acquired through a conventional acquisition. C) A subsidiary formed by a single parent company. D) A merger between two competing firms. Show Answer Correct Answer: A) A new corporate entity created and jointly owned by two or more parent companies. 35. ..... are given by government to ensure its products produced in their country would cost less and are more competitive than those from other countries. A) Quota. B) Standards. C) Exchange control. D) Subsidies. Show Answer Correct Answer: D) Subsidies. 36. Mengapa penting untuk mengubah arsitektur organisasi agar lebih sesuai dengan strategi global? A) Untuk mencapai tujuan finansial perusahaan. B) Untuk memanfaatkan peluang pasar global. C) Untuk meningkatkan kerjasama antar unit bisnis global. D) Untuk mengurangi biaya operasional perusahaan. Show Answer Correct Answer: B) Untuk memanfaatkan peluang pasar global. 37. Arrangement between Dabbawallas and Flipkart is a ..... A) Takeover. B) Partnership. C) Strategic alliance. D) Outsourcing. Show Answer Correct Answer: C) Strategic alliance. 38. NAFTA is an example of a(n) ..... A) Customs union. B) Economic union. C) Common market. D) Free trade area. Show Answer Correct Answer: D) Free trade area. 39. What is one disadvantage of Regional Trade Agreements (RTAS) mentioned in the provided information? A) Increased trade and economic cooperation among member states. B) Fostering closer political and diplomatic ties among member states. C) Complexity and potential compliance costs for businesses. D) Economies of scale and lower production costs. Show Answer Correct Answer: C) Complexity and potential compliance costs for businesses. 40. Competitive pressures on companies within an industry come from those: A) Companies in other industries attempting to win buyers over to their substitute products. B) The market maneuvering that goes on among rival firms in the industry. C) The threat of new entrants into the marketplace. D) All of these. Show Answer Correct Answer: D) All of these. 41. What is the role of international trade agreements in promoting global business? A) International trade agreements increase trade barriers and hinder global business. B) International trade agreements reduce trade barriers and establish rules that facilitate global business. C) International trade agreements have no impact on global business. D) International trade agreements only benefit certain countries and do not promote global business. Show Answer Correct Answer: B) International trade agreements reduce trade barriers and establish rules that facilitate global business. 42. The Heckscher-Ohlin Theory (Factor Proportions Theory) argues that countries will export goods that use their abundant factors of production. For example, China (labor-abundant) would export: A) Capital-intensive machinery. B) Land-intensive agricultural products. C) Labor-intensive textiles. D) Natural resources like oil. Show Answer Correct Answer: C) Labor-intensive textiles. 43. The integration of markets, nation-states, and technologies in a way that is enabling individuals, corporations, and nation-states to reach around the world farther, faster, deeper, and cheaper than ever before is referred to as ..... A) Globalization. B) International business organization. C) Economic integration. D) Market internationalization. Show Answer Correct Answer: A) Globalization. 44. The international sales contract is considered a "consensual contact, " A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 45. What does "Lead Time" describe? A) Time for managing internal logistics. B) Time from order placement to final product delivery. C) Time needed to place an order. D) Employee training time. Show Answer Correct Answer: B) Time from order placement to final product delivery. 46. The value of a country's currency is likely to decline as a result of A) A trade surplus. B) Lower interest rates. C) Higher inflation. D) A favorable balance of payments. Show Answer Correct Answer: C) Higher inflation. 47. What does the term 'harmonizing with local governance' refer to? A) Understanding and complying with local laws and regulations. B) Standardizing governance practices across all markets. C) Ignoring local laws to maintain global standards. D) Creating a separate governance structure for each market. Show Answer Correct Answer: A) Understanding and complying with local laws and regulations. 48. ..... is a tax that a government places on certain imported products A) Tariff. B) Quota. C) Embargo. D) Export. Show Answer Correct Answer: A) Tariff. 49. What was the first economic theory of international trade to be developed? A) The theory of absolute advantage. B) The theory of comparative advantage. C) The theory of mercantilism. D) The Heckscher-Ohlin theory. Show Answer Correct Answer: C) The theory of mercantilism. 50. What is the World Bank? A) A cooperative banking institution with 189 member countries. B) An international bank that makes short-term loans. C) A firm that operates on a worldwide scale. D) An independent agency of the U.S. government. Show Answer Correct Answer: A) A cooperative banking institution with 189 member countries. 51. Which of the following is a constituent of the global marketing environment? A) Cultural Environment. B) Local Environment. C) Political Environment. D) Financial Environment. Show Answer Correct Answer: C) Political Environment. 52. In international business, a company always uses its home country's currency for all transactions. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 53. Apa yang dimaksud dengan "Import Quotas" ? A) Larangan total terhadap impor. B) Pengenaan pajak pada barang impor. C) Pembatasan jumlah barang yang dapat diimpor. D) Pemberian subsidi kepada importir. Show Answer Correct Answer: C) Pembatasan jumlah barang yang dapat diimpor. 54. What are some key cultural differences that can impact international business negotiations? A) Universal marketing strategies. B) Key cultural differences impacting international business negotiations include communication styles, attitudes towards hierarchy, decision-making processes, and relationship-building approaches. C) Uniformity in business attire. D) Standardized pricing models. Show Answer Correct Answer: B) Key cultural differences impacting international business negotiations include communication styles, attitudes towards hierarchy, decision-making processes, and relationship-building approaches. 55. The gravity model of trade predicts higher trade volumes between which pairs of countries? A) Small economies with distant locations. B) Large economies that are geographically close. C) Nations with identical factor endowments. D) Countries at late product decline stages. Show Answer Correct Answer: B) Large economies that are geographically close. 56. The opportunity cost of one DVD in Japan: A) One ton of steel. B) Two tons of steel. C) Four tons of steel. D) Three tons of steel. Show Answer Correct Answer: A) One ton of steel. 57. Which of the following is NOT a mode of entry into foreign country? A) Licensing. B) Export. C) Franchising. D) Internationalization. Show Answer Correct Answer: D) Internationalization. 58. Locating a value-creation activity in the optimal location for that activity can lower the costs of value creation and help the firm to achieve a low-cost position, or enable a firm to differentiate its product offerings from those of competitors. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 59. What is a mixed economy? A) Blend of government and private ownership. B) Only government ownership. C) Only private ownership. D) None of the above. Show Answer Correct Answer: A) Blend of government and private ownership. 60. Salah satu Pasar Modal Terbesar di Asia terdapat di ..... A) Tokyo, Jepang. B) Shanghai, China. C) Bombay, India. D) Jakarta, Indonesia. Show Answer Correct Answer: A) Tokyo, Jepang. ← 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