This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 28 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 28 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which company is given as an example of successively entering countries characterized by greater cultural or institutional distance? A) Ikea. B) Samsung. C) Toyota. D) Honda. Show Answer Correct Answer: A) Ikea. 2. With what goal was NAFTA established? A) Increase trade and economic development. B) Military strengthening between countries. C) Reduce illegal immigration. D) Political reform. Show Answer Correct Answer: A) Increase trade and economic development. 3. Collusion refers to: A) Firms competing for market share. B) Collective attempts between competing firms to reduce competition. C) Firms working independently to increase competition. D) Firms merging to create a monopoly. Show Answer Correct Answer: B) Collective attempts between competing firms to reduce competition. 4. Post shipment credit is given for exports on deferred payments terms for the period of A) One year. B) Two years. C) Three years. D) None. Show Answer Correct Answer: A) One year. 5. Globalization has allowed firms to expand into markets that, until recently, were insulated from the international marketplace. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 6. What are the characteristics of a centralized exporter? A) Emphasizes local responsiveness. B) Replicates the home country business model. C) Develops a global network of specialized units. D) Primarily focused on exporting from the home country. Show Answer Correct Answer: D) Primarily focused on exporting from the home country. 7. Producers in Mexico lost their jobs after participating NAFTA A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 8. Which dispute-resolution method do parties agree to as an alternative to litigation? A) Mediation conducted by national courts. B) Public trial in the importer's forum. C) Administrative review by customs. D) Arbitration under agreed procedures. Show Answer Correct Answer: D) Arbitration under agreed procedures. 9. Airway Bill is same as which of the following documents when goods are sent through air instead of ship? A) Bill of Entry. B) Mate's receipt. C) Bill of Lading. D) None of these. Show Answer Correct Answer: C) Bill of Lading. 10. Which is NOT a positive adjective about a drink? A) Fizzy. B) Delicious. C) Wonderful. D) Crunchy. Show Answer Correct Answer: D) Crunchy. 11. Which type of situational analysis concentrates specifically on competitor based challenges and activities? A) SWOT. B) Porter's 5 Forces. C) 5C. D) 3C. Show Answer Correct Answer: B) Porter's 5 Forces. 12. What is the balance of payments? A) The difference between the amount of money that flows into a country and the amount that goes out. B) The difference between a country's total imports and total exports. C) When a country exports more than it imports. D) When a country imports more than it exports. Show Answer Correct Answer: A) The difference between the amount of money that flows into a country and the amount that goes out. 13. What are the implications of currency fluctuations for international businesses? A) They simplify financial planning for international operations. B) Currency fluctuations only benefit exporters. C) They can affect pricing, profit margins, and competitiveness in foreign markets. D) Currency fluctuations have no impact on international transactions. Show Answer Correct Answer: C) They can affect pricing, profit margins, and competitiveness in foreign markets. 14. Which of the following is a factor in the cultural environment? A) Language and history. B) Economic policies. C) Government regulations. D) Technological infrastructure. Show Answer Correct Answer: A) Language and history. 15. Yang bukan menjadi kelebihan Surat Hutang Internasional dibandingkan dengan yang regional adalah ..... A) Syarat pengakuan aset yang lebih ringan. B) Suku Bunga / Kupon yang lebih tinggi. C) Tingkat Pajak yang lebih baik. D) Regulasi yang lebih longgar. Show Answer Correct Answer: B) Suku Bunga / Kupon yang lebih tinggi. 16. The percentage increase in net profits over time measures: A) Profit growth. B) Capital return. C) Net profit. D) Profitablity. Show Answer Correct Answer: A) Profit growth. 17. Each of the following will have an important impact on a nation's economic conditions EXCEPT: A) The nation's capital resources. B) The language spoken by its workers. C) The literacy rates and training of its workers. D) The types of technology used by its workers. Show Answer Correct Answer: B) The language spoken by its workers. 18. What is the main focus of Long-Term vs. Short-Term Orientation in international business? A) Long-term planning and perseverance versus immediate gratification and traditions. B) The balance between individual achievement and group harmony. C) The preference for hierarchical structures over egalitarian ones. D) The importance of direct versus indirect communication styles. Show Answer Correct Answer: A) Long-term planning and perseverance versus immediate gratification and traditions. 19. A ..... is a restriction on the amount of goods that can be imported into a country. A) Tariff. B) Quota. C) Embargo. D) Non of the above. Show Answer Correct Answer: B) Quota. 20. How does the economic environment influence trade patterns? A) The economic environment shapes trade patterns by affecting demand, pricing, and government policies. B) Trade patterns are solely determined by cultural factors. C) Economic conditions only affect local markets, not trade. D) The economic environment has no impact on trade patterns. Show Answer Correct Answer: A) The economic environment shapes trade patterns by affecting demand, pricing, and government policies. 21. Which logistics company handles more Christmas parcels than any other courier? A) FedEx. B) UPS. C) Royal Mail. D) DHL. Show Answer Correct Answer: B) UPS. 22. Making, buying, and selling goods and services within a country is called A) International business. B) Global dependency. C) Domestic business. D) None of these. Show Answer Correct Answer: C) Domestic business. 23. The British term for the trading of tangible goods is ..... A) Visible trade. B) Invisible trade. C) Merchandising. D) Service franchising. Show Answer Correct Answer: A) Visible trade. 24. Apa tujuan utama arsitektur organisasi dalam bisnis internasional? A) Memperluas wilayah geografis perusahaan. B) Meningkatkan efisiensi operasional. C) Mengurangi kehadiran global perusahaan. D) Meningkatkan tingkat persaingan di pasar lokal. Show Answer Correct Answer: B) Meningkatkan efisiensi operasional. 25. The followings are true about Mercantilism EXCEPT: A) It believes that national prosperity is the result of a positive balance of trade. B) It lead to a situation of zero sum game for some nations. C) The mercantilist government see import as good and export as bad. D) Mercantilist countries colonized other countries to gain resources and market finished goods. Show Answer Correct Answer: C) The mercantilist government see import as good and export as bad. 26. Which of the following is a dimension of Hofstede's cultural values? A) Economic growth. B) Power distance. C) Technological advancement. D) Market competition. Show Answer Correct Answer: B) Power distance. 27. A global web is created when different stages of a value chain are dispersed to locations where value added is maximizedbor where the costs of value creation are minimized A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 28. The speaker mentioned that the UK, the Netherlands, and Germany have similar senses of humor. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 29. What is the function of the Export-Import Bank of the United States? A) To make short-term loans to developing countries. B) To assist in financing the exports of American firms. C) To provide loans to developing countries. D) To create competitive advantage on a worldwide basis. Show Answer Correct Answer: B) To assist in financing the exports of American firms. 30. The first step in preparing for negotiations is ( ). A) Mining the critical information from different resources. B) Knowing a particular executive's background, hobbies, and family status. C) Designing agenda for negotiation. D) Sizing up the probable goal and preferences of your counterpart's analysis of data. Show Answer Correct Answer: A) Mining the critical information from different resources. 31. What skills are required for international business? A) Understanding diverse business practices, laws, economies, and cultures. B) Understanding domestic business practices only. C) Understanding technology and capital. D) Understanding physical goods and services. Show Answer Correct Answer: A) Understanding diverse business practices, laws, economies, and cultures. 32. Which of these countries do we have an embargo with? A) Cuba. B) Germany. C) Canada. D) Mexico. Show Answer Correct Answer: A) Cuba. 33. The speaker states that the French have a preference for organization but encounter difficulties due to internal politics. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 34. The government takeover of a foreign-owned business is called A) Protectionism. B) Political Status. C) Boycott. D) Expropriation. Show Answer Correct Answer: D) Expropriation. 35. The theory of comparative advantage provides strong rationale for supporting the idea of ..... A) Protectionism. B) Business nationalism. C) Governmental intervention in trade. D) Free trade. Show Answer Correct Answer: D) Free trade. 36. Comparative advantage theory was proposed by ..... in 1817 A) Adam Smith. B) John Dunning. C) Eli Hecksher. D) David Ricardo. Show Answer Correct Answer: D) David Ricardo. 37. What is exporting? A) Purchasing raw materials or products in other nations and bringing them into one's own country. B) Selling or shipping raw materials or products to other nations. C) The process of finding outside vendors and suppliers that provide professional help. D) An arrangement in which one firm contracts with another business to manufacture products. Show Answer Correct Answer: B) Selling or shipping raw materials or products to other nations. 38. Which Christmas film earned more from merchandise than from its theatrical release? A) Elf. B) The Polar Express. C) Home Alone. D) The Grinch (2018). Show Answer Correct Answer: B) The Polar Express. 39. What is 'Open to Export'? A) A trade agreement between countries. B) A government initiative to promote exports. C) A platform for businesses to learn about exporting. D) A financial service for exporters. Show Answer Correct Answer: C) A platform for businesses to learn about exporting. 40. What type of decision-making is centralized? A) Decisions made at lower levels. B) Decisions made by employees. C) Decisions made at headquarters. D) Decisions made by customers. Show Answer Correct Answer: C) Decisions made at headquarters. 41. Domestic laws MUST be followed by foreign marketers A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 42. A common law legal system reflects three elements except A) Precedent. B) Usage. C) Tradition. D) Morality. Show Answer Correct Answer: D) Morality. 43. The study of a population based on factors such as age, race, and sex. A) Transitional Movement. B) Consumer Behavior. C) Demographics. D) Distribution. Show Answer Correct Answer: C) Demographics. 44. Mercantilism views international trade as a 'Zero-Sum Game.' This means: A) Both countries benefit equally from trade. B) Trade is free from government intervention. C) One country's gain is necessarily another country's loss. D) The total value of trade always equals zero. Show Answer Correct Answer: C) One country's gain is necessarily another country's loss. 45. What does PESTEL analysis refer to in the context of international business? A) People, Environment, Society, Technology, Economy, Law. B) Political, Economic, Social, Technological, Environmental, Linguistic. C) Political, Economic, Social, Technological, Ecological, Legal. D) Public, Economic, Social, Technological, Ecological, Legal. Show Answer Correct Answer: C) Political, Economic, Social, Technological, Ecological, Legal. 46. Globalisation was adopted by India during A) 1993. B) 1992. C) 1994. D) 1991. Show Answer Correct Answer: D) 1991. 47. What is NOT a presentation skill? A) Putting your hands behind your back. B) Using gestures when you speak. C) Making strong eye contact. D) Speaking loudly and clearly. Show Answer Correct Answer: A) Putting your hands behind your back. 48. What are Financial Market Reforms? A) Advocating for financial sector reforms to enhance financial stability, promote access to capital, and improve the efficiency of financial markets. B) Implementing agricultural subsidies to support rural farmers. C) Establishing new trade routes to increase international commerce. D) Promoting cultural festivals to boost tourism. Show Answer Correct Answer: A) Advocating for financial sector reforms to enhance financial stability, promote access to capital, and improve the efficiency of financial markets. 49. Who sets the foreign exchange rate? A) State Bank. B) Private Bank. C) Government Bank. D) Central Bank. Show Answer Correct Answer: D) Central Bank. 50. A three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States that took effect in 1989. A) NATO. B) The UN. C) IMF. D) NAFTA. Show Answer Correct Answer: D) NAFTA. 51. What is SWOT stand for? A) Sucess, Weak, Opportunity, Time. B) Strengths, Weaknesses, Opportunities & Threats. C) Strong, Weak, Opportunity & Threat. D) Strengths, Weakness, Opportunities, Time. Show Answer Correct Answer: B) Strengths, Weaknesses, Opportunities & Threats. 52. What is not a part of diamond model? A) Natural resources. B) Domestic demand. C) Domestic competitors. D) Supporting industries. E) Strategic industries. Show Answer Correct Answer: E) Strategic industries. 53. Why might a business seek to achieve economies of scale? A) Increase costs. B) Reduce efficiency. C) Decrease revenue. D) Lower per-unit cost. Show Answer Correct Answer: D) Lower per-unit cost. 54. Why is cultural understanding important in developed and emerging markets? A) It helps businesses reduce production costs. B) It ensures legal compliance. C) It allows firms to better tailor marketing, product features, and management styles. D) It's only important for luxury brands. Show Answer Correct Answer: C) It allows firms to better tailor marketing, product features, and management styles. 55. Which is referred to the risks arising from economic factors through economic transactions and other economic activities A) Exchange Exposure. B) Translation Exposure. C) Economic Exposure. D) Scientific Exposure. Show Answer Correct Answer: C) Economic Exposure. 56. When a country has more than it needs of something, that's called a ..... A) Shortage. B) Surplus. C) False, it isn't called anything. D) Specialization. Show Answer Correct Answer: B) Surplus. 57. How did the financial crisis of 2008 affect debates around the IMF? A) It led to renewed debates around the pros and cons of IMF conditionality. B) It resulted in the signing of the Paris Agreement. C) It increased greenhouse gas emissions. D) It ended the need for technical assistance to developing countries. Show Answer Correct Answer: A) It led to renewed debates around the pros and cons of IMF conditionality. 58. Which organization ensures that trade agreements do not lead to trade diversion? A) NAFTA. B) IMF. C) EU. D) WTO. Show Answer Correct Answer: D) WTO. 59. Apa tujuan utama dari penerapan tarif ekspor? A) Menjamin pasokan barang yang cukup di dalam negeri. B) Meningkatkan jumlah ekspor. C) Meningkatkan kualitas barang. D) Mengurangi biaya produksi. Show Answer Correct Answer: A) Menjamin pasokan barang yang cukup di dalam negeri. 60. The value of one currency in terms of another. A) Exchange Rate. B) Term Currency. C) Currency Term. D) None of the above. Show Answer Correct Answer: A) Exchange Rate. ← 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