Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Class 11 Business Studies Chapter 10 International Business Quiz 24 (60 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Subsidiaries consider the regional environment for policy / Strategy formulation is known as
2. Technology promotes international business by making production and communication more difficult.
3. A visitor is classified as a tourist if his trip includes an overnight stay (one night at the destination)
4. New Trade Theory emphasizes which mechanism for trade patterns among similar nations?
5. How do differing economic philosophies affect international business?
6. The Internet has helped small businesses compete in global markets because it .....
7. Foreign direct investment is when firms make business investment that it controls in a .....
8. Refusing to buy, sell or use certain products or companies
9. What is the significance of cultural diversity in International Business?
10. This is an abstract of idea of what is right and what is wrong.
11. Pada Teori Perdagangan Internasional, konsekuensi dari perdagangan bebas terdiri atas .....
12. The buyer understands that the seller owns the exclusive rights in the design, patents, trademarks, trade name and company name used in connection with the seller's goods. what the right title of that clause?
13. Global expansion always increases a firm's profitability in the short term.
14. Which theory of internationalization explains that the form of internationalization depends on trade barriers, size of sales market and costs of operating abroad:
15. Which business function is most affected by cultural differences in terms of production practices and work ethics?
16. Which dimension of Hofstede's model evaluates how societies deal with the uncertainty of the future and their level of comfort with ambiguity?
17. What is the significance of understanding the socio-cultural environment in global marketing?
18. What is the impact of technology on international business?
19. Only country to voluntarily abandon it's nuclear weapons program and has the only street in the world to house two Nobel Peace prize winners.
20. The main objective of ..... was to help facilitate external trade and payments in India.
21. Which element of culture encompasses the physical objects and artifacts created by a society, such as tools, clothing, and buildings?
22. What strategic challenges might a company face when transitioning from domestic to international marketing?
23. Bagaimana subsidi membantu produsen domestik?
24. Process of exchanging one currency for another
25. Value-added and excise taxes are taxes on
26. Exports are goods that are sold to another country for sale in that country.
27. Which countries are included in NAFTA?
28. Mercantilism argues that national prosperity results from .....
29. Quotas may be set by a country to protect one of its industries from too much foreign competition.
30. Asia-Pacific Economic Cooperation (APEC)
31. Foreign Direct Investment (FDI) involves:
32. Is the only country in which Mexico has a FTA with in Middle East.
33. If portable disk players made in China are imported into the United States, the Chinese manufacturer is paid with
34. Why do businesses often need to adapt their products in international markets?
35. Military orders during WW2 helped this company survive
36. The difference between export departments and international divisions is:
37. Firms A want to expand their business in Vanuatu, and in order to successfully expand in the country, firms A may need to differentiate their products for matching with the country's market demand. By doing that, what would be the consequence of Firms A's action?
38. Internal and external factors of globalization can be divided into market, environmental and competitive.
39. Fiat currency or fiat money are-
40. Which of the following is a statement that supports the theory of comparative advantage?
41. Which entry mode gives a firm full control over its foreign operations and is often preferred when protecting proprietary technology?
42. Which of the following is a non-equity internationalization mode for services?
43. In which country do families make lanterns called "parols" ?
44. Which of the following is NOT an internal environment factor in international business?
45. Transfer pricing can be used by multinational firms to shift profits to low-tax jurisdictions
46. THE WORLD BANK WAS FORMED IN THE YEAR .....
47. The following is the component of support activities EXCEPT .....
48. What does the term "economic environment" include in the context of international business?
49. According to Ricardo's theory of comparative advantage, a country should produce goods .....
50. The AIIB was established mainly to:
51. ..... was replaced by WTO on January 1, 1995.
52. What is an initial public offering?
53. Which element of culture involves the artistic expressions, such as music, literature, and visual arts, of a society?
54. Which explanation states that when firms produce more products, they can learn ways to improve production efficiency, causing producing cost to decline by a predictable amount?
55. In this country people take great offense to visitors putting salt on their food particularly if you are a visitor at their home. This country is also home to the longest river in the world.
56. What is the term for an agreement between two or more countries to reduce barriers to trade among themselves?
57. Any organization that engages in cross-border commercial transactions with individuals, private firms, and/or public sector organizations is a(n) .....
58. In which stage of going global do companies find ways to increase their cost savings by redesigning their manufacturing processes?
59. Indian rupee was partially convertible since March
60. A ..... is a limit of how much of a product can be brought into a country during a specific time.
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books