This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 33 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 33 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The idea of establishing Aibus by 4 European governments is an example of A) Strategic trade theory. B) Product life cycle trade theory. C) All the above. D) None of the above. Show Answer Correct Answer: A) Strategic trade theory. 2. Which of the following best describes international marketing? A) Marketing strategies applied only within a single country. B) Global marketing strategies and tactics used to reach international customers. C) Marketing practices that are exclusively digital. D) Domestic marketing strategies applied to international markets. Show Answer Correct Answer: B) Global marketing strategies and tactics used to reach international customers. 3. Which of the following is a criticism of the Kyoto Protocol and the Paris Agreement? A) They promote business process outsourcing. B) They reduce tariffs on manufactured goods. C) They provide loans for infrastructure projects. D) They are widely criticized for lacking tangible commitments. Show Answer Correct Answer: D) They are widely criticized for lacking tangible commitments. 4. What key factor is transforming global markets? A) Local trade practices. B) Digital integration and emerging technologies. C) Traditional manufacturing methods. D) None of the above. Show Answer Correct Answer: B) Digital integration and emerging technologies. 5. Is the following an advantage or a disadvantage of international business locations?"Communication problems" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: B) Disadvantage. 6. Manfaat pasar modal terhadap peminjam adalah bahwa mereka memberikan kesempatan suplai uang yang lebih luas dan mengurangi ..... A) Biaya Kesempatan (Opportunity Cost). B) Biaya Operasional (Operational Cost). C) Biaya Pinjaman (Cost of Debt). D) Biaya Modal (Cost of Capital). Show Answer Correct Answer: D) Biaya Modal (Cost of Capital). 7. Mercantilism evolved in Europe A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 8. Pressure of cost reduction required ..... ? A) The firm to lower unit cost. B) The customer to pay less for the price. C) The firm to change the design of their product. D) The firm to higher unit cost. Show Answer Correct Answer: A) The firm to lower unit cost. 9. Nations engage in international trade because most countries do not have the factors of production needed to produce all the goods and services needed by their population. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. Globalization is driven only by technology and innovation. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 11. Free trade is the ability for countries to trade with one another with restrictions. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 12. Which of these is an advantage of economic protectionism? A) Diversify production. B) Improve international relationships. C) Protect national market. D) Increase importation. Show Answer Correct Answer: C) Protect national market. 13. The 4 Ps pf Marketing are the uncontrollable factors in International Marketing A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 14. A strategic business model that involves promoting products and services in various markets around the world and adapting the product/service to the cultural norms, taste preferences, and religious customs of the various markets. A) Multi-Domestic Strategy. B) Comparative Advantage. C) Uni-Lateral Strategy. D) Multi-National Strategy. Show Answer Correct Answer: A) Multi-Domestic Strategy. 15. Items we sell to other countries A) Foreign Exchange Market. B) Exchange Rate. C) Importing. D) Exporting. Show Answer Correct Answer: D) Exporting. 16. Identify the technological factors that affect foreign investment. A) Limited access to capital. B) Strict labor laws. C) Level of technological advancement, Availability of infrastructure, Presence of R&D facilities, Ease of doing business. D) High levels of taxation. Show Answer Correct Answer: C) Level of technological advancement, Availability of infrastructure, Presence of R&D facilities, Ease of doing business. 17. What are the components of international business A) Foreign trade. B) International trade. C) Foreign trade and international trade. D) None of the above. Show Answer Correct Answer: C) Foreign trade and international trade. 18. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'Do you know ..... (Mrs. Levison, the manager)? A) Him. B) It. C) You. D) Her. Show Answer Correct Answer: D) Her. 19. A product-based structure can lead to duplication of marketing or production resources. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. Message sent across time zones: "Let's meet tomorrow morning." What is the problem? A) Time is unclear. B) Wrong channel. C) Too informal. D) No agenda. Show Answer Correct Answer: A) Time is unclear. 21. What is positive about your currency suddenly weakening? A) Your exports become cheaper. B) Demand for your commodities may rise. C) It may help government correct balance of paymentimbalances. D) All of the above. Show Answer Correct Answer: D) All of the above. 22. Which of the following is an example of a matrix organization? A) A startup with one owner. B) A multinational IT firm managing both products and regions. C) A local retail store. D) A family-owned restaurant. Show Answer Correct Answer: B) A multinational IT firm managing both products and regions. 23. What is a multidomestic strategy? A) A strategy focusing on extensive customization of products and marketing efforts for individual countries. B) A strategy emphasizing high integration and standardization. C) A strategy that seeks to achieve both global efficiency and local responsiveness. D) A strategy involving minimal adaptation in foreign markets. Show Answer Correct Answer: A) A strategy focusing on extensive customization of products and marketing efforts for individual countries. 24. A trade deficit means ..... A) Your country imports less than it exports. B) Your country exports less that it imports. C) Your country exports more than it imports. D) None of the above. Show Answer Correct Answer: B) Your country exports less that it imports. 25. *It describes the sequence of steps, and specifies for each step what needs to be done, often including when the ..... should be executed and by whom. A) Process. B) Procedures. C) All the above. D) None of the above. Show Answer Correct Answer: B) Procedures. 26. Which economic category includes newly industrializing economies? A) All of the above. B) Emerging economies. C) Less developed countries. D) Developed countries. Show Answer Correct Answer: B) Emerging economies. 27. What will happen, according to Paul Samuelson's critique, if a rich country enters into a free trade agreement with a poor country? A) Both the countries will incur losses due to the exchanges between them. B) The productivity of the poor country will decline rapidly. C) The poor country will rapidly improve its productivity. D) Both the countries will garner benefits from the exchanges between them. Show Answer Correct Answer: C) The poor country will rapidly improve its productivity. 28. What is a core competency? A) A method of growth. B) A type of marketing strategy. C) A special ability that is hard to match. D) A company's mission statement. Show Answer Correct Answer: C) A special ability that is hard to match. 29. Porter's 'National Competitive Advantage' (The Diamond Model) includes four attributes. Which of the following is NOT one of them? A) Factor Conditions. B) Demand Conditions. C) Firm Strategy, Structure, and Rivalry. D) Exchange Rate Volatility. Show Answer Correct Answer: D) Exchange Rate Volatility. 30. Which of the following is a reason for preferring domestic expansion over foreign expansion? A) Higher import tariffs in domestic markets. B) Limited access to natural resources. C) Lack of technological know-how. D) Liability of outsidership associated with foreign expansion. Show Answer Correct Answer: D) Liability of outsidership associated with foreign expansion. 31. What are the common reasons for conflicts that impact international trade? A) Labor disputes, environmental regulations, technological advancements. B) Cultural differences, cybersecurity threats, natural disasters. C) Tariffs, supply chain disruptions, economic sanctions. D) Trade barriers, intellectual property disputes, regulatory differences, currency manipulation, political tensions. Show Answer Correct Answer: D) Trade barriers, intellectual property disputes, regulatory differences, currency manipulation, political tensions. 32. Define the concept of intellectual property rights (IPR). A) Rights granted to individuals or organizations for their physical property. B) Rights granted to individuals or organizations for their financial assets. C) Legal rights granted to individuals or organizations for their creations or inventions. D) Rights granted to individuals or organizations for their personal information. Show Answer Correct Answer: C) Legal rights granted to individuals or organizations for their creations or inventions. 33. Apa yang dimaksud dengan customs union? A) Wilayah bebas budaya dan bea cukai antara negara-negara yang terlibat. B) Wilayah bebas pajak dan bea cukai antara negara-negara yang terlibat. C) Wilayah bebas perdagangan dan bea cukai antara negara-negara yang terlibat. D) Wilayah bebas imigrasi dan bea cukai antara negara-negara yang terlibat. E) Wilayah bebas keamanan dan bea cukai antara negara-negara yang terlibat. Show Answer Correct Answer: C) Wilayah bebas perdagangan dan bea cukai antara negara-negara yang terlibat. 34. International business primarily refers to transactions that involve A) Two or more countries interacting. B) Government-to-government contracts. C) Operations within one national boundary. D) Only exporting physical goods. Show Answer Correct Answer: A) Two or more countries interacting. 35. T/F:Tariff-earn revenue by reversing taxation on foreign goods: A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 36. FPI differs from FDI primarily in: A) The level of management control. B) Government involvement. C) The type of industry. D) The time horizon. Show Answer Correct Answer: A) The level of management control. 37. The main content of today's lesson is: A) Guess?????. B) Regional Economic Integration. C) I'm not sure:((((. D) Uhhhh . Show Answer Correct Answer: B) Regional Economic Integration. 38. The Uppsala model describes internationalization as what kind of process for firms? A) Random diversification across far markets. B) Instant global entry via acquisitions. C) Single-stage leap based on price signals. D) Gradual expansion through experiential learning. Show Answer Correct Answer: D) Gradual expansion through experiential learning. 39. ..... refers to nation's transpiration, communication, and utility systems. A) Global mobility. B) Intrastate commerce. C) Infrastructure. D) Trade barriers. Show Answer Correct Answer: C) Infrastructure. 40. Locating production facilities near target markets reduces transportation costs and ensures faster and more efficient delivery of products to customers. This is known as ..... A) Market Access. B) Product Diversification. C) Backward Integration. D) Brand Positioning. Show Answer Correct Answer: A) Market Access. 41. The New York Stock Exchange is open from Eastern Standard Time (EST). A) 9:30 am-4:00 pm. B) 8:30 am-5:00 pm. C) 8:30 am-4:00 pm. D) 9:30 am-5:00 pm. Show Answer Correct Answer: A) 9:30 am-4:00 pm. 42. Which region consistently had the highest percentage share of merchandise exports from 2018 to 2022? A) Europe. B) North America. C) Asia (including Oceania). D) Africa. Show Answer Correct Answer: A) Europe. 43. Which element of culture involves the communication systems, including spoken and written forms, used by a society? A) Social Organization. B) Language. C) Manners and Customs. D) Aesthetics. Show Answer Correct Answer: B) Language. 44. Which pricing strategy involves setting prices based on individual countries? A) Standard pricing. B) Country-by-country pricing. C) Global pricing. D) Regional pricing. Show Answer Correct Answer: B) Country-by-country pricing. 45. Country will produce only ONE product that it has absolute advantage. This refers to: A) Comparative advantage. B) Absolute advantage. C) Specialization. D) Efficiency. Show Answer Correct Answer: C) Specialization. 46. A firm should avoid licensing and joint ventures if its competitive advantage is mainly based on: A) Brand name recognition. B) Management know-how. C) Technological know-how. D) Local market knowledge. Show Answer Correct Answer: C) Technological know-how. 47. Which of the following is NOT a way to create customer value? A) Create better communications. B) Increase the price. C) Improve the product. D) Find new distribution channels. Show Answer Correct Answer: B) Increase the price. 48. NAFTA is an agreement among the U.S., Canada, and Mexico primarily intended to promote A) Human rights. B) Environmental protection. C) Free trade. D) Military defense. Show Answer Correct Answer: C) Free trade. 49. How can cultural differences impact international business operations? A) Cultural differences are irrelevant in supply chain management. B) Cultural differences can impact communication, negotiation, decision-making, and management practices in international business operations. C) Cultural differences only affect marketing strategies. D) Cultural differences have no impact on employee performance. Show Answer Correct Answer: B) Cultural differences can impact communication, negotiation, decision-making, and management practices in international business operations. 50. ..... is a contractual arrangement in which a firm in one country allows the use of its intellectual property by a firm in a second country in return for a royalty payment. A) Leasing. B) Franchising. C) Licensing. D) Merchandising. Show Answer Correct Answer: C) Licensing. 51. Business attire should be A) Well-fitted and neat. B) Bright and make a statement. C) Tight and revealing. D) Loose and wrinkled. Show Answer Correct Answer: A) Well-fitted and neat. 52. Transaction that are carried out across national border to satisfy the objective of ..... and ..... A) Individuals. B) Organization. C) Both a & b. D) None of the above. Show Answer Correct Answer: C) Both a & b. 53. Which countries are covered by the South Asian Free Trade Area (SAFTA)? A) India, Pakistan, Bangladesh, Sri Lanka, The Maldives, Nepal, Bhutan. B) China, Japan, Korea, Australia, New Zealand. C) Saudi Arabia, Kuwait, Bahrain, Oman, Qatar, UAE. D) Brazil, Argentina, Paraguay, Uruguay. Show Answer Correct Answer: A) India, Pakistan, Bangladesh, Sri Lanka, The Maldives, Nepal, Bhutan. 54. Before goods enters a country they must meet a certain criteria. This is known as ..... A) Subsidy. B) Safe goods. C) Standards. D) Non negotiable. Show Answer Correct Answer: C) Standards. 55. International business relates to any situation where the production or distribution of goods or services crosses country borders. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 56. The OECD stands for: A) Organization for Economic Coordination and Development. B) Organization for Economic Co-operation and Development. C) Organization for Environmental Cooperation and Development. D) Organization for Environmental Control and Development. Show Answer Correct Answer: B) Organization for Economic Co-operation and Development. 57. What is a key characteristic of smaller countries in international trade? A) They are less competitive. B) They can specialize in one commodity. C) They have less potential for trade. D) They can only produce one good. Show Answer Correct Answer: B) They can specialize in one commodity. 58. Outsourcing and Offshoring refer to which of the following? A) Business practices of delegating work to external or overseas providers. B) Hiring only local employees for all business functions. C) Expanding a business only within the home country. D) Focusing solely on in-house production without external help. Show Answer Correct Answer: A) Business practices of delegating work to external or overseas providers. 59. What type of barriers include complex relationships and different laws as part of international trade? A) Economic Barriers. B) Ethical, Legal, and Political Barriers. C) Cultural Barriers. D) Physical Barriers. Show Answer Correct Answer: B) Ethical, Legal, and Political Barriers. 60. Which of the following best describes competitor analysis? A) The process of setting prices above competitors. B) The process of anticipating a rival's actions to revise a firm's plan and prepare for rivals' responses. C) The process of merging with competitors. D) The process of creating new market structures. Show Answer Correct Answer: B) The process of anticipating a rival's actions to revise a firm's plan and prepare for rivals' responses. ← 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