This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 32 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 32 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... means the reduction of official rate at which the currency is exchanged for another currency. A) Devaluation. B) Exchanged control. C) Deflation. D) Inflation. Show Answer Correct Answer: A) Devaluation. 2. Product life cycle theory was introduced by A) Adam Smith. B) Michael Porter. C) David Ricardo. D) Raymond Vernon. Show Answer Correct Answer: D) Raymond Vernon. 3. Which global market entry strategy involves partnering with a local company? A) Exporting. B) Franchising. C) Licensing. D) Joint venture. Show Answer Correct Answer: D) Joint venture. 4. If a nation has an open economy it means that the nation: A) Allows private ownership of capital. B) Has flexible exchange rates. C) Has fixed exchange rates. D) Conducts trade with other countries. Show Answer Correct Answer: D) Conducts trade with other countries. 5. Why might agricultural subsidies in developed countries be controversial in the context of WTO negotiations? A) They increase climate change risks. B) They promote digital economy growth. C) They encourage state ownership. D) They inhibit exports from developing countries. Show Answer Correct Answer: D) They inhibit exports from developing countries. 6. In the context of strategic alliances, what does the "hold-up-problem most accurately describe? A) Failure to register the alliance with competition authorities. B) A partner exploits relationship-specific investments by renegotiating terms or refusing cooperation. C) Misalignment of corporate cultures that delays decision making. D) Currency controls that prevent repatriation of profits. Show Answer Correct Answer: B) A partner exploits relationship-specific investments by renegotiating terms or refusing cooperation. 7. Apa saja pilihan arsitektur organisasi yang dapat dibuat dalam bisnis internasional? A) Hierarkis, fungsional, dan matriks. B) Otonom, kolaboratif, dan virtual. C) Terpusat, terdesentralisasi, dan aliansi strategis. D) Tradisional, modern, dan eksperimental. Show Answer Correct Answer: C) Terpusat, terdesentralisasi, dan aliansi strategis. 8. When an MNC builds a new factory in a foreign country, this financial flow is known as: A) Portfolio Investment. B) Official Development Assistance. C) Remittance. D) Foreign Direct Investment (FDI). Show Answer Correct Answer: D) Foreign Direct Investment (FDI). 9. What factors influence foreign exchange rates? A) Weather patterns. B) Interest rates, inflation rates, political stability, economic performance, market speculation, and supply and demand. C) Cultural traditions. D) Historical events. Show Answer Correct Answer: B) Interest rates, inflation rates, political stability, economic performance, market speculation, and supply and demand. 10. A democracy is a political system in which all citizens take part in making the rules that govern them. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 11. In American business English, transported goods are commonly called "freight, " while in British English, the goods themselves are more often referred to as ..... ? A) Shipment. B) Cargo. C) Consignment. D) Merchandise. Show Answer Correct Answer: B) Cargo. 12. The exchange of capital, goods and services across international borders or territories A) Consumer. B) Domestic trade. C) Subsidy. D) International Trade. Show Answer Correct Answer: D) International Trade. 13. What are some of the reasons why companies form joint ventures? A) To share resources and expertise. B) To gain access to new markets. C) To reduce risks and costs. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. In a functional structure, international subsidiaries have full independence in decision-making. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 15. Taxes on imports; also known as custom duties A) Tariff. B) Specific Tariff. C) Valorem Tariff. D) None of the above. Show Answer Correct Answer: A) Tariff. 16. In which type of economic system will productivity be highest! A) Free-Market. B) No answer. C) Planned. D) Mixed (Semi). Show Answer Correct Answer: A) Free-Market. 17. To gain in value. (For example, if you bought a house in 1998 for $ 100, 000 and sold it in 2011 for $ 120, 000) A) Appreciate. B) Depreciate. C) Culture. D) Trade. Show Answer Correct Answer: A) Appreciate. 18. Which of the following is a benefit of investing in education for economic development? A) It discourages technological advancements. B) It decreases the need for foreign investment. C) It makes the workforce more productive. D) It lowers the cost of labor. Show Answer Correct Answer: C) It makes the workforce more productive. 19. What is "Just in Time" ? A) A method of mass production. B) A business model for technology companies. C) A strategy to reduce inventory by delivering items just when they are needed. D) A technique to reduce production time. Show Answer Correct Answer: C) A strategy to reduce inventory by delivering items just when they are needed. 20. Gross National Product-any business that operates across international borders. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. IBRD head office is at A) Washington. B) India. C) Newyork. D) Paris. Show Answer Correct Answer: A) Washington. 22. What is the purpose of India's Foreign Trade Policy? A) Promote foreign media. B) Reduce exports. C) Promote exports and regulate imports. D) Ban luxury imports. Show Answer Correct Answer: C) Promote exports and regulate imports. 23. Ultimately ..... was replaced by the ..... on 1st jan 1995. A) GATS, WTO. B) WTO, GATT. C) IMF, GATT. D) GATT, WTO. Show Answer Correct Answer: D) GATT, WTO. 24. What is a focus group? A) A competitor analysis method. B) A market analysis tool. C) A small group interview. D) A type of survey. Show Answer Correct Answer: C) A small group interview. 25. Which company issues the Bill of Lading? A) Shipping Company. B) Airline Company. C) Both a and b. D) None of the above. Show Answer Correct Answer: A) Shipping Company. 26. As of January 2015, this country was the last (19th) country to adopt the Euro as its currency. A) Lithuania. B) Italy. C) France. D) None of the above. Show Answer Correct Answer: A) Lithuania. 27. ..... refers to a world economy with movement of products and labor across international borders. A) International business. B) Global economy. C) Domestic business. D) None of the above. Show Answer Correct Answer: B) Global economy. 28. What is one way open trade can benefit consumers? A) Open trade allows consumers access to a wide range of products at competitive prices, enhancing their purchasing power and providing diverse choices. B) Open trade restricts the variety of products available to consumers. C) Open trade increases the prices of goods for consumers. D) Open trade limits consumers to only locally produced goods. Show Answer Correct Answer: A) Open trade allows consumers access to a wide range of products at competitive prices, enhancing their purchasing power and providing diverse choices. 29. When capital and labour are moved internationally, it will help in developing ..... A) Capital gain. B) Economic gain. C) More gains from income. D) More gains from trade. Show Answer Correct Answer: C) More gains from income. 30. What does GWP stand for? A) Gross World Production. B) Gross World Product. C) Gross Work Productivity. D) Gross Wage Process. Show Answer Correct Answer: B) Gross World Product. 31. A global supply chain involves: A) Hiring local employees for domestic sales. B) Distributing goods only within one country. C) Managing the flow of goods across multiple countries. D) Limiting production to one location. Show Answer Correct Answer: C) Managing the flow of goods across multiple countries. 32. The speaker claims that Germans have a structured and planned approach to project management. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 33. What is the main goal of a stability strategy? A) To expand market share. B) To guard against change. C) To increase profits. D) To reduce costs. Show Answer Correct Answer: B) To guard against change. 34. 1) The widening set of interdependent relationships among people from different parts of the world is known as ..... A) Offshoring. B) Outsourcing. C) Franchising. D) Globalization. Show Answer Correct Answer: D) Globalization. 35. Which of the following is a common criticism of globalization? A) It can widen the gap between rich and poor countries. B) It improves local employment stability. C) It increases global cooperation. D) It promotes cultural diversity. Show Answer Correct Answer: A) It can widen the gap between rich and poor countries. 36. What are the key components of a global supply chain? A) Suppliers, manufacturers, distributors, retailers, and customers. B) Manufacturers, distributors, wholesalers, and customers. C) Suppliers, producers, wholesalers, and retailers. D) Producers, wholesalers, transporters, and consumers. Show Answer Correct Answer: A) Suppliers, manufacturers, distributors, retailers, and customers. 37. No nation is either completely individualist or completely collectivist in its cultural orientation A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 38. Which type of business seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries from inception? A) Family-owned businesses. B) Domestic firms. C) Born globals. D) Local retailers. Show Answer Correct Answer: C) Born globals. 39. How many commodity boards are working at present in India? A) 6. B) 7. C) 8. D) 5. Show Answer Correct Answer: B) 7. 40. Salah satu resiko dalam mencari modal di pasar internasional adalah situasi mata uang yang menggunakan sistem floating, karena apabila nilai mata uang lokal perusahaan anjlok, maka hutang akan melonjak drastis, seperti yang terjadi pada tahun 1997/1998 yang disebut ..... A) International Capital Crisis. B) European Financial Crisis. C) Foreign Exchange Crisis. D) Asian Financial Crisis. Show Answer Correct Answer: D) Asian Financial Crisis. 41. Which of the following is not a characteristic of international business? A) Operates within one country's borders. B) Subject to international laws. C) Involves cultural diversity. D) Deals with multiple currencies. Show Answer Correct Answer: A) Operates within one country's borders. 42. Apa yang dimaksud dengan voluntary export restraint (VER)? A) Kuota yang ditentukan oleh negara pengimpor. B) Tarif yang ditentukan oleh negara pengimpor. C) Kuota yang ditentukan oleh negara pengekspor. D) Subsidi yang diberikan oleh negara pengekspor. Show Answer Correct Answer: C) Kuota yang ditentukan oleh negara pengekspor. 43. A multinational enterprise in a host country needs to operate within the host country's economic, social, and legal constraints. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 44. The following factor does not differentiate international business from domestic business A) Trade Policies. B) Product Mobility. C) Different Currencies. D) Product Quality. Show Answer Correct Answer: D) Product Quality. 45. (a) is the belief that ownership of the means of production belongs in the hands of individuals and private businesses A) A. Capitalism. B) Communism. C) Socialism. D) None of the above. Show Answer Correct Answer: A) A. Capitalism. 46. Which of the following is NOT a member of Mercosur? A) Paraguay. B) Argentina. C) Chile. D) Brazil. Show Answer Correct Answer: C) Chile. 47. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Ottawa' A) Position. B) Company. C) Name. D) City. Show Answer Correct Answer: D) City. 48. Resources available = 200 units for each countryProduction in GhanaCocoa = 10 tonsRice = 5 tonsProduction in South KoreaCocoa = 2.5 tonsRice = 10 tonsQuestion:After specialization, which country will import Cocoa? A) Ghana. B) South Korea. C) All the above. D) None of the above. Show Answer Correct Answer: B) South Korea. 49. The best starting point to improve ethical decision-making in a multinational firm is to better understand how individuals make decisions that can be considered ethical or unethical in an organizational environment. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 50. Which of the following is not the objectives of import trade? A) To meet consumer demand. B) To improve the standard of living. C) To speed up industrialisation. D) To earn foreign exchange. Show Answer Correct Answer: C) To speed up industrialisation. 51. Why is it important to take a class in international business? A) To learn about domestic business. B) To become an exchange student in another country. C) To understand the differences in doing business across borders. D) To learn how to translate languages. Show Answer Correct Answer: C) To understand the differences in doing business across borders. 52. A major benefit of international business is: A) Decreased market reach. B) Higher local taxes. C) Access to global talent and resources. D) Cultural uniformity. Show Answer Correct Answer: C) Access to global talent and resources. 53. A manufacturing firm based in country C buys in raw materials from country A and sells the finished goods to country B. The firm could gain if country C's currency: A) Depreciated against both other currencies. B) Depreciated against currency A but appreciated against currency B. C) Appreciated against currency A but depreciated against currency B. D) Appreciated against both currencies. Show Answer Correct Answer: C) Appreciated against currency A but depreciated against currency B. 54. What is the major natural resource of the Middle East? A) Oil. B) Gold. C) Diamonds. D) Apples. Show Answer Correct Answer: A) Oil. 55. Which element of culture refers to the way individuals and groups are organized and the roles and relationships within a society? A) Religion. B) Language. C) Social Organization. D) Material Culture. Show Answer Correct Answer: C) Social Organization. 56. David Ricardo's theory of comparative advantage explains international trade in terms of international differences in political environments. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 57. Scenario:Maria is studying geography, and she learns about how different countries exchange goods and services with each other. She sees how products from all over the world are available in her local supermarket. Question:What concept is Maria learning about? A) Global Trade. B) Foreign Exchange. C) Trade Deficit. D) Import Tariffs. Show Answer Correct Answer: A) Global Trade. 58. USA and China are the two world largest economies because their actions always affect to global economic directly, is this statement true or false? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 59. If the U.S. set a 12% tariff on imported automobiles, a Toyota that cost the equivalent of $ 13, 000 in Japan would be priced at: A) $ 14, 200 plus shipping in the U.S. B) $ 15, 420 plus shipping in the U.S. C) $ 14, 560 plus shipping in the U.S. D) $ 16, 280 plus shipping in the U.S. Show Answer Correct Answer: C) $ 14, 560 plus shipping in the U.S. 60. When visiting another country for business, you may need a(n) ..... to help you communicate in the other language A) Translator. B) Local citizen. C) Sign-language interpreter. D) Wakeel. Show Answer Correct Answer: A) Translator. ← 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