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Class 11 Business Studies Chapter 10 International Business Quiz 31 (60 MCQs)

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1. Bill of Lading is issued by:
2. A fair price for goods, specifically for developing country producers for better trading conditions. Some goods it usually includes are crafts, coffee, cocoa, sugar, tea, bananas, honey, cotton, fresh fruit, chocolate, and flowers.
3. What is a multinational company?
4. How do international financial institutions regulate global markets?
5. NAFTA has its own certificate or origin
6. What does 'Cultural Forces' refer to in assessing the national business environment?
7. Big $\rightarrow$ biggerexpensive $\rightarrow$ .....
8. Why is franchising popular in consumer retailing?
9. Which mode of entry is characterized by minimal risk but also limited control over operations?
10. What spice should you avoid in Egypt?
11. The speaker mentioned that cultural similarities are more important than differences.
12. What is a possible consequence of foreign companies replacing domestic workers?
13. The amount added to the ..... of a product to determine the selling price is known as markup.
14. The main limitation of a function-based structure is:
15. ..... is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.
16. Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and .....
17. What does FDI stand for in the context of international marketing?
18. This country is the U.S.'s 2nd largest trade partner thanks to NAFTA.
19. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Mila Benedict'
20. In Product Life Cycle theory, how do production locations typically shift over time?
21. What role does the technological environment play in international business?
22. Small businesses are usually not involved in international business given the cost restrictions.
23. What is a notable cultural difference between France and Nigeria in terms of business etiquette?
24. In the context of global trade, what are tariffs?
25. A company that is worried about the norms and customs of a country would need to consider which component of the international business environment?
26. Trade partners are countries that trade products with one another.
27. Which trade theory suggests that trade can be explained by differences in technology and resource endowments between countries?
28. As a result of globalization, we have been moving toward a world in which national economies are relatively self-contained entities.
29. What are the main modes of international business?
30. ..... can be defined as the rate of return that the firm makes on its invested capital, which is calculated by dividing the net profits of the firm by total invested capital.
31. Larger grants may be given to encourage international trade with specific countries.
32. A trade policy that does not restrict imports or exports.
33. When does the trade originate?
34. How would you apply the EPRG framework to develop an international marketing strategy?
35. What does the Heckscher-Ohlin Theory emphasize as the main cause of trade?
36. Why is it necessary to understand the economy of a foreign planet when doing business?
37. What is a cartel in the context of international trade barriers?
38. 43) A major criticism of offshoring is that it .....
39. ..... investment has become a key element of trade between different countries.
40. What does the importer send to the exporter, after making trade inquiries?
41. Uneven distribution of natural resources
42. Which organizational form is most likely to cause conflict between managers because of 'two bosses'?
43. How did Starbucks adapt its global expansion in China?
44. To pursueTo follow or chase after something.
45. COUNTRIES WITH LOWER INCOME POPULATION TEND TO BE MORE GLOBALIZED THAN HIGHER INCOME ONES BECAUSE THEY CAN AFFORD FOREIGN PRODUCTS, TRAVEL AND COMMUNICATE WITH PEOPLE THEY MET ABROAD
46. What is not a category that has been created to characterize an economy's state of unemployment?
47. The country of Baskland relies heavily on goods and services produced in other nations. Baskland likely has which of the following?
48. Words and actions do NOT have much impact on international business relations.
49. Involves selling goods and services in another countries, there's no need facilities or factories overseas
50. Voluntary Export Restraint
51. Which of the following theories stress the role of luck, entrepreneurship, and innovation in the production and export of a good or service by the firms in a country?
52. What is the theory of Comparative Advantage?
53. It is an example of international strategy that developed innovative new products and then transferred them wholesale to local markets.
54. Most people's basic value system is .....
55. Technology, education, inflation, exchange rate, and infrastructure refer to which factor of the international business environment?
56. The instruction issued by the superintendent to the staff at the gate of the port to permit the entry of cargo inside the dock is called:
57. In a multinational company, its headquarters, or parent company, is located in a ..... country.
58. To find other markets when the form's products experiences a decline in sales is an ..... reason.
59. Which tech company released a Christmas commercial featuring Frankenstein singing?
60. A belief that products should be free to move from country to country without barriers or obstacles.
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