This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 26 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 26 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Chargeable weight es ..... A) El peso total de la carga. B) El precio tarifado. C) El peso tarifado. D) El precio de la carga. Show Answer Correct Answer: C) El peso tarifado. 2. How many types of common clause patterns mentioned before? A) Three. B) Two. C) Four. D) Five. Show Answer Correct Answer: C) Four. 3. How can cultural differences influence negotiation styles? A) Cultural differences have no impact on negotiation styles. B) Cultural differences influence negotiation styles by affecting communication, hierarchy, conflict resolution, and relationship priorities. C) All cultures prioritize relationships equally in negotiations. D) Negotiation styles are solely determined by individual personality traits. Show Answer Correct Answer: B) Cultural differences influence negotiation styles by affecting communication, hierarchy, conflict resolution, and relationship priorities. 4. What is a trade barrier? A) A business that facilitates trade. B) A special export company. C) A government policy that restricts international trade. D) A financial loan to a business. Show Answer Correct Answer: C) A government policy that restricts international trade. 5. Company gives the right to use the property to another company in a new market in exchange for a fee A) Exporting. B) Licensing. C) Joint venture. D) None of the above. Show Answer Correct Answer: B) Licensing. 6. Which Christmas song was the first to be broadcast from space? A) Silent Night. B) Jingle Bells. C) White Christmas. D) Deck the Halls. Show Answer Correct Answer: B) Jingle Bells. 7. What is the main reason for the growth of international business? A) Market Expansion. B) Resource Acquisition. C) Technological changes. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. What is a key aspect of the International Business Environment? A) Transportation methods. B) Weather patterns. C) Cultural differences. D) Local cuisine. Show Answer Correct Answer: C) Cultural differences. 9. Foreign direct investment can provide a foreign company:Cheaper production facilities, access to new technologies, products, skills and financing. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. If a country has a highly eductated population, advanced technology, and focuses on international business and foreign trade, that country is considered to be: A) Industrialized. B) Less-Developed. C) Developing. D) None of the above. Show Answer Correct Answer: A) Industrialized. 11. Data that has already been collected and published is known as ..... A) Primary Data. B) New product development. C) Marketing Research. D) Secondary Data. Show Answer Correct Answer: D) Secondary Data. 12. A situation in which a country specializes in the production of a good or service at which it is relatively more efficient? A) Concerning advantage. B) Available advantage. C) Comparative advantage. D) Absolute advantage. Show Answer Correct Answer: C) Comparative advantage. 13. A company is worried that about exchange rate would need to consider which component of the international business environment? A) Environmental. B) Social. C) Political. D) Economic. Show Answer Correct Answer: D) Economic. 14. The socioeconomic reform process of eliminating trade, investment, information technology, and cultural and political barriers access countries, which in turn can lead to increased economic growth and geopolitical integration and interdependence among nations of the world. A) Liberalization. B) Trade. C) Globalization. D) International Business. Show Answer Correct Answer: C) Globalization. 15. Which factor might influence the choice of a market to operate in? A) Climate. B) Type of product. C) Language barriers. D) Local cuisine. Show Answer Correct Answer: B) Type of product. 16. Which of the following is an example of signalling through entry of new markets? A) Filing an anti-dumping complaint. B) Big 4 brewers in Central and Eastern Europe seeking mutual forbearance. C) Announcing a price increase in the media. D) Forming a joint venture. Show Answer Correct Answer: B) Big 4 brewers in Central and Eastern Europe seeking mutual forbearance. 17. A US company can obtain political risk insurance on its export shipments from A) The Export-Import Bank of the United States. B) Free-trade agreements. C) The Overseas Private Investment Corporation. D) The US Dept of Agriculture. Show Answer Correct Answer: A) The Export-Import Bank of the United States. 18. Great companies solve problems that matter like: A) 1. Refreshing Time Away-from-it-all2. Productivity over presence. B) 1. FOCUS ON THE AREA THAT'S HOLDING YOU BACK2. BE WILLING TO PAY FOR GREAT TALENT3. DON'T MAKE FEAR-BASED DECISIONS4. UNDERSTAND THE RULES. C) 1.Enrichment (outside of money)2.Health Options. D) None of the above. Show Answer Correct Answer: B) 1. FOCUS ON THE AREA THAT'S HOLDING YOU BACK2. BE WILLING TO PAY FOR GREAT TALENT3. DON'T MAKE FEAR-BASED DECISIONS4. UNDERSTAND THE RULES. 19. Which stage of going global includes companies moving their production of a specific product to an inexpensive location? A) Creation of new markets. B) Value chain disaggregation. C) Product specialization. D) Value chain re-engineering. Show Answer Correct Answer: C) Product specialization. 20. What is a balance of trade? A) When the value of imports exceeds the value of exports. B) When the value of imports is equal to the value of exports. C) When the value of exports exceeds the value of imports. D) When the value of money exceeds the amount of goods and services trade. Show Answer Correct Answer: B) When the value of imports is equal to the value of exports. 21. TRIPS establishes standards for what? A) Mutual recognition of product standards. B) Customs valuation for imports. C) Scheduling commitments in services. D) Copyrights, patents, trademarks. Show Answer Correct Answer: D) Copyrights, patents, trademarks. 22. A foreign currency swap is simply an agreement between two parties to exchange one currency for another at a yet-to-be-determined future date but at a specified exchange ratio. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 23. What does 'comparative advantage' mean in international business? A) Producing goods more efficiently than other countries. B) Having the worst technology. C) Producing goods at a higher cost. D) Limited market reach. Show Answer Correct Answer: A) Producing goods more efficiently than other countries. 24. What is one advantage of regional economic integration? A) It brings together groups of likeminded countries, making negotiation easier. B) It eliminates all tariffs globally. C) It guarantees equal export opportunities for all countries. D) It removes the need for trade agreements. Show Answer Correct Answer: A) It brings together groups of likeminded countries, making negotiation easier. 25. When your exports are less than your imports, this exists? A) Trade deficit. B) Trade surplus. C) All the above. D) None of the above. Show Answer Correct Answer: A) Trade deficit. 26. What is a multinational corporation? A) An independent agency of the U.S. government. B) A partnership formed to create competitive advantage on a worldwide basis. C) An international organization of nations dedicated to reducing tariffs. D) A firm that operates on a worldwide scale without ties to any specific nation. Show Answer Correct Answer: D) A firm that operates on a worldwide scale without ties to any specific nation. 27. What are the potential consequences of political instability on international business operations? A) Political instability can lead to increased market opportunities. B) It may result in supply chain disruptions, increased risks, and potential loss of investments. C) It guarantees stable business operations in foreign markets. D) Political instability has no impact on international business. Show Answer Correct Answer: B) It may result in supply chain disruptions, increased risks, and potential loss of investments. 28. One indicator of globalization is: A) Decrease in international tourism. B) Increase in cross-border trade. C) Limited internet access. D) Decline of MNCs. Show Answer Correct Answer: B) Increase in cross-border trade. 29. National Competitive advantage trade theory corresponds with A) Factor endournment. B) Mercantilism. C) All the above. D) None of the above. Show Answer Correct Answer: A) Factor endournment. 30. What is one major advantage of globalization for businesses? A) Increased production costs. B) Reduced market competition. C) Access to larger markets and resources. D) Limitation on technology transfer. Show Answer Correct Answer: C) Access to larger markets and resources. 31. Selling goods abroad A) Export. B) Import. C) All the above. D) None of the above. Show Answer Correct Answer: A) Export. 32. What is the main difference between a distributor and a sales agent? A) Distributors buy the products, while sales agents receive a commission on sales. B) Distributors manufacture products, while sales agents sell them. C) Distributors provide services, while sales agents provide goods. D) Distributors only work locally, while sales agents work internationally. Show Answer Correct Answer: A) Distributors buy the products, while sales agents receive a commission on sales. 33. Bagaimana tarif ad valorem dikenakan? A) Sebagai tarif tetap untuk semua jenis barang yang diimpor. B) Sebagai tarif tetap per unit barang yang diimpor. C) Sebagai persentase dari proporsi barang yang diimpor. D) Sebagai diskon untuk barang impor. Show Answer Correct Answer: C) Sebagai persentase dari proporsi barang yang diimpor. 34. Location, climate, terrain, waterways, and natural resources refer to which factor of the international business environment? A) Geographic. B) Economic. C) Political and legal. D) Cultural and social. Show Answer Correct Answer: A) Geographic. 35. What challenges might a business face when expanding to a foreign planet? A) Understanding the alien culture and business practices. B) Finding a suitable location for the business. C) Getting approval from the Earth government. D) Transporting goods and services to the foreign planet. Show Answer Correct Answer: A) Understanding the alien culture and business practices. 36. The simultaneous sale of spot currency for the forward purchase of the same currency is called as A) Arbitrage. B) Swap. C) Forward. D) Option. Show Answer Correct Answer: B) Swap. 37. ..... Means rapid increase in the shares of economic activities taking place across national border A) Globalisation. B) Privatization. C) Socialization. D) Liberalisation. Show Answer Correct Answer: A) Globalisation. 38. What is an Import Tariff? A) A policy to restrict the export of goods from a country. B) A trade agreement between two nations to reduce import taxes. C) A tax levied by a nation on goods imported into the country. D) A subsidy given to importers to encourage foreign trade. Show Answer Correct Answer: C) A tax levied by a nation on goods imported into the country. 39. What is the main purpose of international trade? A) Allow countries to obtain good and services they cannot efficiently produce. B) To increase government control over trade. C) To limit competition between nations. D) To reduce global economic cooperation. Show Answer Correct Answer: A) Allow countries to obtain good and services they cannot efficiently produce. 40. 24) A company starting out with a global focus, usually because of the international experience of its founders, is called a ..... A) Multinational enterprise. B) Transnational company. C) Strategically allied company. D) Born-global company. Show Answer Correct Answer: D) Born-global company. 41. In which country would you be if you ordered a Sweet Potato QQ Balls in KFC? A) Sweden. B) Peru. C) New Zealand. D) Taiwan. Show Answer Correct Answer: D) Taiwan. 42. Comparative Cost Trade Theory is given by A) David Ricardo. B) Gottfried Haberle. C) Heckscher Ohlin. D) Adam Smith. Show Answer Correct Answer: A) David Ricardo. 43. How many EPCs are working at present in India? A) 23. B) 22. C) 20. D) 21. Show Answer Correct Answer: D) 21. 44. Is the following an advantage or a disadvantage of international business locations?"*Lower labour costs" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: A) Advantage. 45. Australia's top company revenue earner in 2015 was ..... A) Woolworths. B) Walmart. C) Wesfarmers. D) Westpac. Show Answer Correct Answer: C) Wesfarmers. 46. Apa yang sering menjadi kenyataan dari subsidi dalam praktiknya? A) Melindungi sektor yang tidak efisien dan mempromosikan produksi berlebih. B) Menambah biaya produksi akhir. C) Melindungi sektor yang efisien dan mempromosikan produksi berlebih. D) Meningkatkan daya saing internasional. Show Answer Correct Answer: A) Melindungi sektor yang tidak efisien dan mempromosikan produksi berlebih. 47. Toilet paper would be considered a . A) Shopping Good. B) Convenience Good. C) Utility Good. D) Specialty Good. Show Answer Correct Answer: B) Convenience Good. 48. Trade barrier-are government-induced restrictions on national trade. According to the theory of comparative advantage, trade barriers are detrimental to the world economy and decrease overall economic efficiency. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 49. The ..... may, from time to time, formulate and announce, by notification in the Official Gazette, the export and import policy A) State government. B) Central government. C) Both a & b. D) None of the above. Show Answer Correct Answer: B) Central government. 50. Which of the following is an example of globalization? A) A business that has multiple branches. B) A business that has multiple owners. C) A business that has its headquarters and factories in different countries. D) None of the above. Show Answer Correct Answer: C) A business that has its headquarters and factories in different countries. 51. What is the first stage in the strategy formulation process? A) Formulate Strategy. B) Identify Business Environment. C) Identify Core Competency. D) Identify Company Mission And Goals. Show Answer Correct Answer: D) Identify Company Mission And Goals. 52. Diamonds mined in South Africa are used to make rings in the UAE A) Import. B) Export. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import. 53. The US can produce 1 ton of sugar using 4 acres of land, or they can produce 1 ton of avocados using 6 acres. Ecuador can produce 1 ton of sugar using 5 acres of land or 1 ton of avocados using 4 acres. Which country should produce avocados? A) Ecuador. B) US. C) Not enough information. D) None of the above. Show Answer Correct Answer: A) Ecuador. 54. Target market means ..... A) Who a company advertises to. B) How and where a company advertises. C) What day and time a company advertises. D) What time a company advertises a product. Show Answer Correct Answer: A) Who a company advertises to. 55. Which of the following FDI-based modes provides the highest degree of equity control and is associated with internal (organic) resource growth? A) Partial Acquisition. B) Wholly owned Greenfield. C) Newly created Joint Venture. D) Full Acquisition. Show Answer Correct Answer: B) Wholly owned Greenfield. 56. The UK relies on common law instead of a written constitution, as stated by the speaker. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 57. Apa alasan lain yang membuat negara-negara mempromosikan kepentingan produsen domestik dalam perdagangan internasional? A) Untuk alasan keamanan nasional. B) Untuk mengurangi pertumbuhan ekonomi. C) Untuk mengurangi efisiensi. D) Untuk meningkatkan konsumsi. Show Answer Correct Answer: A) Untuk alasan keamanan nasional. 58. When one country refuses to trade with another country because of political or infringements of human rights it is called: A) Standard of care. B) Subsidysubsidy. C) Embargo. D) Revenue tariff. Show Answer Correct Answer: C) Embargo. 59. What is the significance of committing to diversity and inclusion in global markets? A) To ensure that all employees are from the same background. B) To tap into the potential of local talent and ensure representation. C) To reduce costs associated with hiring diverse teams. D) To maintain a uniform company culture across all locations. Show Answer Correct Answer: B) To tap into the potential of local talent and ensure representation. 60. How does Unilever balance global integration with local responsiveness? A) By maintaining a core set of global brands while customizing others. B) By offering the same products worldwide. C) By focusing only on local market needs. D) By replicating its home country business model. Show Answer Correct Answer: A) By maintaining a core set of global brands while customizing others. ← 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