This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 27 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is NOT a risk associated with international business? A) Environmental risk. B) Cultural risk. C) Economic risk. D) Social risk. Show Answer Correct Answer: A) Environmental risk. 2. A company is planning to sell the rights to its brand name for use in other countries. This is an example of a A) Trade agreement. B) Franchise. C) Joint venture. D) Licensing agreement. Show Answer Correct Answer: D) Licensing agreement. 3. Selling abroad, either directly to target customers or indirectly by retaining foreign sales agents or/and distributors. A) Licensing. B) Franchising. C) Exporting. D) Manufacturers. Show Answer Correct Answer: C) Exporting. 4. Exporting generates ..... foreign-exchange earnings for nations. A) Enormous. B) Small. C) Even. D) None of the above. Show Answer Correct Answer: A) Enormous. 5. Berikut adalah produk global dari Indonesia, KECUALI A) California Fried Chicken. B) Kopiko. C) Wakai. D) Danone. Show Answer Correct Answer: D) Danone. 6. Bagaimana arsitektur organisasi dapat mempengaruhi kinerja bisnis internasional? A) Memperluas jaringan pemasaran di pasar lokal. B) Meningkatkan kualitas produk dan layanan. C) Memperluas wilayah geografis perusahaan. D) Menentukan tujuan finansial perusahaan. Show Answer Correct Answer: B) Meningkatkan kualitas produk dan layanan. 7. UNIT 1:ABOUT YOUDIALOGUEA: ..... B:I'm a sales representative. A) Who do you work for?. B) What's your job description?. C) What do you do?. D) Where's your work?. Show Answer Correct Answer: C) What do you do?. 8. GATT (General Agreement on ..... ) A) Traps and Trade. B) Tariffs and Trade. C) Tariffs and Tans. D) Tariffs and Taxes. Show Answer Correct Answer: B) Tariffs and Trade. 9. An agreement between two nations A) Trade Barrier. B) Franchise. C) Bilateral Agreement. D) Multilateral Agreement. Show Answer Correct Answer: C) Bilateral Agreement. 10. Transnational firms aim to balance: A) Global efficiency and local responsiveness. B) Cost control and cost duplication. C) Product specialization and function-based coordination. D) Regional control and single ownership. Show Answer Correct Answer: A) Global efficiency and local responsiveness. 11. Which of the following is NOT a form of political risk in international business? A) Political instability. B) Currency devaluation. C) Intellectual property theft. D) Expropriation. Show Answer Correct Answer: C) Intellectual property theft. 12. The Triad refers to global transactions between which regions? A) The US, China, and India. B) The US, Japan, and the European Union. C) The US, Canada, and Mexico. D) The US, Brazil, and Russia. Show Answer Correct Answer: B) The US, Japan, and the European Union. 13. UNIT 1:ABOUT YOUVocabulary:a/anWe're a ..... company. A) Automotive. B) Manufacturing. C) Electrical. D) Insurance. Show Answer Correct Answer: B) Manufacturing. 14. The speaker described the typical British sense of humor as slapstick and exaggerated. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 15. Which company is ranked number one among the top 10 global franchises by system sales? A) McDonald's. B) Subway. C) Burger King. D) KFC. Show Answer Correct Answer: A) McDonald's. 16. What is the primary advantage of a matrix organizational structure for multinational firms? A) It enhances coordination across both product and geographic dimensions. B) It eliminates managerial conflict by design. C) Every manager has a single, clear reporting line. D) It always has lower administrative overhead than functional structures. Show Answer Correct Answer: A) It enhances coordination across both product and geographic dimensions. 17. David Ricardo's theory of comparative advantage explains global trade in terms of the ..... A) First mover advantage that certain countries and firms enjoy. B) Geographical differences between various countries. C) International differences in labor productivity. D) Late mover advantage that certain countries and firms possess. Show Answer Correct Answer: C) International differences in labor productivity. 18. Bagaimana biaya produksi lokal mempengaruhi keputusan perusahaan dalam memilih sumber pasokan? A) Biaya produksi lokal yang rendah mendorong perusahaan untuk memilih pasokan dalam perusahaan. B) Semua jawaban salah. C) Biaya produksi lokal tidak mempengaruhi keputusan perusahaan dalam memilih sumber pasokan. D) Biaya produksi lokal yang tinggi mendorong perusahaan untuk mencari pemasok asing. Show Answer Correct Answer: A) Biaya produksi lokal yang rendah mendorong perusahaan untuk memilih pasokan dalam perusahaan. 19. Italy has more paid time off than Norway A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 20. What is the definition of globalization? A) Globalization is the term used to describe the decline of international trade and communication. B) Globalization is the concept of promoting cultural diversity and preserving local traditions. C) Globalization refers to the process of isolating and separating countries from each other. D) The definition of globalization is the increasing interconnectedness and interdependence among countries. Show Answer Correct Answer: D) The definition of globalization is the increasing interconnectedness and interdependence among countries. 21. The South African government tries to reduce inequality and the concentration of power through A) Gender equality. B) Regressive taxes. C) Progressive Taxes. D) Salary increase. Show Answer Correct Answer: C) Progressive Taxes. 22. *Originating from the 1960s as part of the Toyota Production System, ..... aims to create fail-safes and prevent human error where possible. It's usually a mechanism or added step built into the process to alert the operator of a mistake that needs immediate corrective or preventive action. A) Muri. B) Just in time. C) Poka Yoke. D) None of the above. Show Answer Correct Answer: C) Poka Yoke. 23. What is a stock index? A) A type of stock. B) A government bond. C) A measure of the stock market's performance. D) A financial institution. Show Answer Correct Answer: C) A measure of the stock market's performance. 24. Needs that exist when the tastes and preferences of consumers in different nations are similar if not identical are called Universal needs A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. Which of the following is not an advantage of exporting?(a) Easier way to enter into international markets(b) Comparatively lower risks(c) Limited presence in foreign markets(d) Less investment requirements A) Limited presence in foreign markets. B) Easier way to enter into international markets. C) Less investment requirements. D) Comparatively lower risks. Show Answer Correct Answer: C) Less investment requirements. 26. A country should produce a commodity in which it has the greatest advantage. A) HO Theory. B) Absolute Advantage. C) Comparative Advantage. D) Factor Price Equalization. Show Answer Correct Answer: C) Comparative Advantage. 27. Which of the following companies is MOST LIKELY to adopt a geographic-based structure? A) Google. B) Coca-Cola. C) Tesla. D) Toyota. Show Answer Correct Answer: B) Coca-Cola. 28. What type of economy is characterized by government control over resources? A) Traditional Economy. B) Mixed Economy. C) Command Economy. D) Market Economy. Show Answer Correct Answer: C) Command Economy. 29. Which makes foreign goods costlier in terms of the domestic currency and thus it discourages imports A) Inflation. B) Revaluation. C) Devaluation. D) Realisation. Show Answer Correct Answer: C) Devaluation. 30. What does the concentration ratio measure in an industry? A) The percentage of total industry sales accounted for by the top firms. B) The annual growth rate of the industry. C) The average price of products in the industry. D) The total number of firms in the industry. Show Answer Correct Answer: A) The percentage of total industry sales accounted for by the top firms. 31. International business is: A) All activities needed to create, ship and sell products across international borders. B) Making, buying, and selling products within a country. C) Refers to a world economy with movement of products and labor across international borders. D) None of the above. Show Answer Correct Answer: A) All activities needed to create, ship and sell products across international borders. 32. Which of the following is one of the four attributes present in Porter's diamond? A) Procedural innovation. B) Factor endowments. C) Economies of scale. D) Structural innovation. Show Answer Correct Answer: B) Factor endowments. 33. Income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes is known as . A) Wealth Index. B) Consumer Preferences. C) Disposable Income. D) Net Income. Show Answer Correct Answer: C) Disposable Income. 34. Economies that arise from performing a value creation activity in the optimal place for that activity are referred to as: A) Location economies. B) Production economies. C) Factor economies. D) Value creation economies. Show Answer Correct Answer: A) Location economies. 35. What is the approach where consequences determine the moral worth of actions or practices? A) Utilitarian. B) Kantian. C) All the above. D) None of the above. Show Answer Correct Answer: A) Utilitarian. 36. True or FalseJoint ventures are not very popular for manufacturing A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 37. By what other name is capitalism often referred? A) Parallel market. B) State market. C) Controlled market. D) Free market. Show Answer Correct Answer: D) Free market. 38. A tax that can be used as a trade barrier is the A) Excise tax. B) Value-added tax. C) Import duty tax. D) Personal tax. Show Answer Correct Answer: C) Import duty tax. 39. What is not one of the "principles of economics" formulated by Gregory Mankiw? A) People face trade-offs. B) Rational people think at the margin. C) The cost of something is what you give up to get it. D) People don't use rationality in the decision-making process. Show Answer Correct Answer: D) People don't use rationality in the decision-making process. 40. This country's largest companies include:Adidas, Bayer, and BMW. A) Germany. B) Mexico. C) France. D) None of the above. Show Answer Correct Answer: A) Germany. 41. Which two countries joined the European Union in 2007? A) Bulgaria and Croatia. B) Bulgaria and Romania. C) Romania and Poland. D) Croatia and Slovenia. Show Answer Correct Answer: B) Bulgaria and Romania. 42. Explain the concept of comparative advantage in trade. A) Comparative advantage means producing everything in larger quantities. B) It focuses on maximizing profits regardless of opportunity costs. C) Comparative advantage is about equal distribution of resources among countries. D) Comparative advantage allows for increased overall efficiency and trade benefits by specializing in goods with lower opportunity costs. Show Answer Correct Answer: D) Comparative advantage allows for increased overall efficiency and trade benefits by specializing in goods with lower opportunity costs. 43. ''A stage of regional integration in which the member countries agree to adopt common tariff and nontariff barriers on imports from non-member countries" this statement is best explain on ..... A) Common market. B) Political union. C) Economic union. D) Customs union. Show Answer Correct Answer: D) Customs union. 44. Identify THREE entry strategies in Global Business from the options below. A) Exporting, Joint Ventures, Franchising. B) Exporting, Licensing, Importing. C) Franchising, Outsourcing, Merging. D) Licensing, Importing, Offshoring. Show Answer Correct Answer: A) Exporting, Joint Ventures, Franchising. 45. Which strategic goal is associated with seeking strong market demand and customers willing to pay? A) Natural resource-seeking. B) Capability-enhancing. C) Market-seeking. D) Efficiency-enhancing. Show Answer Correct Answer: C) Market-seeking. 46. What is a Trade Treaty? A) A network of entities involved in the production and distribution of goods and services. B) An investment made by a company in one country in commercial interests located in another country. C) A pact between two or more nations to facilitate and regulate trade and commerce. D) Communication between people from different cultures. Show Answer Correct Answer: C) A pact between two or more nations to facilitate and regulate trade and commerce. 47. What does LDC stand for in international trade barriers? A) Large Developed Countries. B) Local Domestic Companies. C) Long-Distance Commerce. D) Less-Developed Countries. Show Answer Correct Answer: D) Less-Developed Countries. 48. Which of the following is a form of trade barrier? A) Quota. B) Tarrif. C) Embargo. D) All of the above. Show Answer Correct Answer: D) All of the above. 49. Government-sponsored agencies that provide insurance or guarantees to protect exporters against the risk of non-payment from foreign buyers are called ..... A) Foreign Exchange Bureaus. B) Customs Authorities. C) Export Credit Agencies. D) Trade Promotion Councils. Show Answer Correct Answer: C) Export Credit Agencies. 50. What is a key component of an international marketing strategy? A) Generic advertising strategies. B) High production costs. C) Limited distribution channels. D) Market research and localization. Show Answer Correct Answer: D) Market research and localization. 51. It is the birth certificate of the goods being shipped and indicates the country of origin. A) Commercial invoice. B) Bill of Lading. C) Certificate of Origin. D) None of the above. Show Answer Correct Answer: C) Certificate of Origin. 52. Bagaimana keputusan produksi global dan pengelolaan rantai pasokan dapat mempengaruhi daya saing perusahaan global? A) Mengurangi ketergantungan pada teknologi informasi. B) Meningkatkan efisiensi operasional dan pengurangan biaya. C) Memperluas kebutuhan kerjasama dengan pemasok lokal. D) Meningkatkan diversifikasi investasi perusahaan. Show Answer Correct Answer: B) Meningkatkan efisiensi operasional dan pengurangan biaya. 53. Which one of the following is not a part of the export document A) Bill of Sight. B) Foreign Indent. C) Shipping order. D) Mates' receipt. Show Answer Correct Answer: A) Bill of Sight. 54. What does PESTEL analysis help managers with? A) All of the above. B) Building a better vision of the future business landscape. C) Understanding the opportunities and threats. D) Competing profitably. Show Answer Correct Answer: A) All of the above. 55. This country is bordered by Bangladesh, Bhutan, Burma, China, Nepal, and Pakistan. A) India. B) Iraq. C) Saudi Arabia. D) None of the above. Show Answer Correct Answer: A) India. 56. ..... occurs when a firm invests directly in facilities to produce and/or market a product in a foreign country. A) Exporting. B) Importing. C) Foreign direct investment. D) Fixed capital formation. Show Answer Correct Answer: C) Foreign direct investment. 57. Facilities and distribution strategy where the company sets up small logistics plants in urban areas to approximate the products to the customers A) Micro-fulfillment. B) Dropshipping. C) Cross-docking. D) Direct shipment. E) Cross-docking. Show Answer Correct Answer: A) Micro-fulfillment. 58. The social behavior and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups. A) Beliefs. B) Cultural Norms. C) Culture. D) Customs. Show Answer Correct Answer: C) Culture. 59. International business is also known as A) Multinational. B) Privatization. C) Domestic. D) Globalisation. Show Answer Correct Answer: D) Globalisation. 60. Foreign direct investment can provide a foreign company:new markets and marketing channels. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← 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