This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 34 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 34 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Country X, a poor country, invents a revolutionary electronic product. The country markets this new product in other poor countries to garner large profits. This occurrence is against the idea of ..... A) Theory of absolute advantage. B) Ricardo's theory. C) Theory of comparative advantage. D) Product life-cycle theory. Show Answer Correct Answer: D) Product life-cycle theory. 2. Which organization provides loans for projects such as infrastructure in developing countries? A) Basel Committee. B) World Bank. C) WTO. D) IMF. Show Answer Correct Answer: B) World Bank. 3. What does the exporter need to do after agreeing on sales terms? A) Meet the needs of customers. B) Provide the products or services. C) Complete the transaction. D) Find new customers. Show Answer Correct Answer: B) Provide the products or services. 4. How does political stability in Canada affect foreign direct investment (FDI)? A) It discourages investment. B) It complicates investment processes. C) It has no effect. D) It provides a favorable climate for investment. Show Answer Correct Answer: D) It provides a favorable climate for investment. 5. What does voluntary exchange in a free market involve? A) Forced transactions. B) Exchange by a willing buyer and seller. C) Government-mandated trades. D) Barter system only. Show Answer Correct Answer: B) Exchange by a willing buyer and seller. 6. Which economic system allows private ownership but with significant government regulation? A) Command economy. B) Market economy. C) Mixed economy. D) Traditional economy. Show Answer Correct Answer: C) Mixed economy. 7. In the 5C analysis, analysis must be made of the products, positioning, marketing share, strengths and weaknesses of what? A) Context. B) Collaborators. C) Customers. D) Competition. Show Answer Correct Answer: D) Competition. 8. Whattaburger, Wendys, Sonic, KFC, Taco Bell and McDonalds are all examples of what? A) Licensing. B) Franchising. C) Places to take your date on Prom night. D) Joint Venture. Show Answer Correct Answer: B) Franchising. 9. *Employee development benefits your company-as well as the employees who are offered training or other unique team-building experiences.THIS IS ..... ? A) Health Options. B) Productivity over presence. C) Enrichment. D) None of the above. Show Answer Correct Answer: C) Enrichment. 10. Which macro-environmental factor most significantly affects market entry decisions? A) Cultural differences. B) Political and legal environment. C) Technological readiness. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. Which statement best describes a tariff in international trade? A) A ban on specific foreign products. B) A license to sell imported goods. C) A subsidy for domestic exporters. D) A tax on goods crossing borders. Show Answer Correct Answer: D) A tax on goods crossing borders. 12. In which of the following types of economic integration systems will the establishment of a common currency be possible? A) Common market. B) Free trade area. C) Economic union. D) Customs union. Show Answer Correct Answer: C) Economic union. 13. Although most international trade and investment is still conducted by large firms, many medium-size and small businesses are becoming increasingly involved in international trade and investment. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 14. According to factor proportions theory, factors that were in great supply relative to demand would be cheaper. A) YES. B) NO. C) All the above. D) None of the above. Show Answer Correct Answer: A) YES. 15. International investing can be contrasted with ..... investing A) Global. B) Domestic. C) Both a & b. D) None of them. Show Answer Correct Answer: B) Domestic. 16. Marketing strategy means ..... A) How and where a company advertises their product. B) What day a company advertises their product. C) Who a company advertises their product to. D) What time a company advertises their product. Show Answer Correct Answer: A) How and where a company advertises their product. 17. Pada tahun berapakah bank komersil akhirnya dapat melaksanakan fungsi yang sama dengan bank investasi? A) 1995. B) 1999. C) 1993. D) 1997. Show Answer Correct Answer: B) 1999. 18. What is the term for the situation where a country is having deficit in both current and capital account? A) Current account deficit. B) Capital account deficit. C) Stagnant deficit. D) Twin deficit. Show Answer Correct Answer: D) Twin deficit. 19. Which trading bloc imposes no trade barrier amongst themselves but imposes trade barrier on outside countries? A) Free Trade Area. B) Economic Unions. C) BRICS. D) Common market. Show Answer Correct Answer: A) Free Trade Area. 20. Why is understanding culture important for international businesses? A) It increases taxes. B) It allows firms to adapt strategies and avoid misunderstandings. C) It reduces the need for market research. D) It helps predict political elections. Show Answer Correct Answer: B) It allows firms to adapt strategies and avoid misunderstandings. 21. What is the primary focus of international and global product design in international markets? A) Product standardization versus product adaptation. B) Pricing strategies for international markets. C) Advertising strategies for cross-cultural contexts. D) Distribution channels in international markets. Show Answer Correct Answer: A) Product standardization versus product adaptation. 22. What role do tariffs play in global trade agreements? A) Tariffs are only used to increase government revenue. B) Tariffs influence global trade agreements by being negotiated to reduce trade barriers, promoting increased trade between countries. C) Tariffs have no impact on trade negotiations between countries. D) Tariffs are solely imposed to protect domestic industries from foreign competition. Show Answer Correct Answer: B) Tariffs influence global trade agreements by being negotiated to reduce trade barriers, promoting increased trade between countries. 23. Perusahaan Start-Up dari Israel yang melakukan IPO di bursa NASDAQ Amerika dan berhasil mengumpulkan 165 Juta Dolar di bawah ini adalah ..... A) Nanox. B) Zerox. C) Xerox. D) TechEx. Show Answer Correct Answer: A) Nanox. 24. MNEs are firms with affiliates in multiple countries and engage in international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. A country's strategy for dealing with other countries is called its ..... A) National interest. B) Guidelines. C) Goals. D) Foreign policy. Show Answer Correct Answer: D) Foreign policy. 26. When entering China, how did Uber adapt to the local market? A) Increased pricing to match U.S. standards. B) Customized its vehicle types and app features to suit local users. C) Operated independently without local involvement. D) Focused solely on English-speaking users. Show Answer Correct Answer: B) Customized its vehicle types and app features to suit local users. 27. Apa yang dimaksud dengan free trade area? A) Wilayah bebas imigrasi antara negara-negara yang terlibat. B) Wilayah bebas pajak antara negara-negara yang terlibat. C) Wilayah bebas keamanan antara negara-negara yang terlibat. D) Wilayah bebas budaya antara negara-negara yang terlibat. E) Wilayah bebas perdagangan antara negara-negara yang terlibat. Show Answer Correct Answer: E) Wilayah bebas perdagangan antara negara-negara yang terlibat. 28. Technological advancements that result in lower transportation costs and enhanced global communication networks primarily enable businesses to ..... A) Centralize production in a single location for cost efficiency. B) Expand production within a limited geographical region. C) Disperse production to geographically separate locations. D) Increase reliance on local suppliers for reduced transportation costs. Show Answer Correct Answer: C) Disperse production to geographically separate locations. 29. A functional structure allows strong specialization in specific business areas such as marketing or finance. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 30. Differences among countries require that an international business vary its practices country by country. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 31. Low cost and differentiation are two basic strategies for creating value and attaining a competitive advantage in the industry. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 32. The following are the important to study international business ..... A) Most companies are either international or compete with international companies. B) Global events and competition affect almost all companies, regardless of industry. C) Understanding of IB helps you make better career decisions. D) All of these. Show Answer Correct Answer: D) All of these. 33. The economic and strategic advantages that accrue to early entrants into an industry. A) Second-mover advantages. B) Absolute advantages. C) First-Mover Advantages. D) None of the above. Show Answer Correct Answer: C) First-Mover Advantages. 34. According to the stages models, what is the typical sequence of entry modes from low to high commitment? A) Sporadic exports $\rightarrow$ exports through sales agents $\rightarrow$ sales subsidiary $\rightarrow$ production subsidiary. B) Franchising $\rightarrow$ direct investment $\rightarrow$ exporting. C) Licensing $\rightarrow$ joint ventures $\rightarrow$ wholly-owned subsidiaries. D) Joint ventures $\rightarrow$ sporadic exports $\rightarrow$ licensing. Show Answer Correct Answer: A) Sporadic exports $\rightarrow$ exports through sales agents $\rightarrow$ sales subsidiary $\rightarrow$ production subsidiary. 35. Located in Western Asia on the northeastern coast of the Arabian Peninsula. Also, one of the richest countries in the world. A) Saudi Arabia. B) Pakistan. C) Qatar. D) None of the above. Show Answer Correct Answer: C) Qatar. 36. Which of the following is considered an external environment factor in international business? A) Sociocultural environment. B) Personnel. C) Capital. D) Raw materials. Show Answer Correct Answer: A) Sociocultural environment. 37. It is an easy way to enter markets with high trade restrictions as a company gives the right to use the property to another company in a new market in exchange for a fee A) Licensing. B) Internet. C) Joint Venture. D) Foreign Direct Investment. E) Export. Show Answer Correct Answer: A) Licensing. 38. Which year was NAFTA established? A) 1990. B) 1994. C) 1987. D) 2004. Show Answer Correct Answer: B) 1994. 39. Which organizational mechanism is primarily aimed at promoting knowledge sharing and cross-border coordination among dispersed units? A) Sole reliance on centralized financial reporting. B) High local autonomy with no cross-unit liaison. C) Global product or project teams composed of members from multiple countries. D) Strict local cost-control performance targets. Show Answer Correct Answer: C) Global product or project teams composed of members from multiple countries. 40. Which supply chain perspective is speculative? A) Push. B) Pull. C) All the above. D) None of the above. Show Answer Correct Answer: A) Push. 41. Businesses seeking funding for expansion and growth can approach private equity firms and venture capitalists that invest in promising ventures. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 42. The belief that the concerns of individuals should be placed above the group's welfare is called A) Self Centricity. B) Collectivism. C) Individualism. D) Personalization. Show Answer Correct Answer: C) Individualism. 43. Which organizational structure is characterized by grouping activities based on specialized functions such as marketing, finance, and operations? A) Global corporate form-Function. B) Global corporate form-Geographic regions. C) Global corporate form-Product. D) Matrix organizations. Show Answer Correct Answer: A) Global corporate form-Function. 44. What is an "Inventory" ? A) List of suppliers. B) Record of products and materials available in a company. C) Sales plan. D) Customer database. Show Answer Correct Answer: B) Record of products and materials available in a company. 45. In which orientation are countries grouped and managed with a unified strategy for each region, such as an Asia strategy for India, Pakistan, and Bangladesh? A) Geocentric approach with global uniformity. B) Ethnocentric approach to all subsidiaries. C) Polycentric approach in each host country. D) Regiocentric approach with regional strategy. Show Answer Correct Answer: D) Regiocentric approach with regional strategy. 46. The corporate level is where top management directs: A) All employees for orientation. B) Its efforts to stabilize recruitment needs. C) Overall strategy for the entire organization. D) Overall sales projections. Show Answer Correct Answer: C) Overall strategy for the entire organization. 47. FDI exposes companies to exchange rate risks, which can impact profitability when ..... profits to the home country or during currency conversions. A) Borrowing. B) Investing. C) Auditing. D) Repatriating. Show Answer Correct Answer: D) Repatriating. 48. UNIT 1:ABOUT YOUSimple ExchangesA: ..... B:No, her first name is Lucy. A) Is Ms Gomme's first name Mary?. B) Ms Gomme's first name is Mary. C) Is Ms Gomme's last name Mary?. D) None of the above. Show Answer Correct Answer: A) Is Ms Gomme's first name Mary?. 49. How does outsourcing impact global business? A) Reduction in innovation. B) Isolation from global markets. C) Decreased efficiency. D) Cost reduction. Show Answer Correct Answer: D) Cost reduction. 50. What does the WTO (World Trade Organization) do? A) Lends money to poor countries. B) Makes sure countries follow trade rules. C) Makes phones in many countries. D) Helps fix broken phones. Show Answer Correct Answer: B) Makes sure countries follow trade rules. 51. Foreign debt is: A) The measure of the difference between what a country sells versus what a country buys from other countries. B) The measure of the amount of money a country owes to other countries. C) The measure of the output of products created within a country. D) None of the above. Show Answer Correct Answer: B) The measure of the amount of money a country owes to other countries. 52. Which of the following best describes a trade surplus? A) When a country only imports goods. B) When a country's exports are less than its imports. C) When a country's exports are greater than its imports. D) When a country's exports equal its imports. Show Answer Correct Answer: C) When a country's exports are greater than its imports. 53. Global Economy refers to ..... A) A world economy with movement of products and labors across international borders. B) The entire world creating and using the same currency. C) A snow globe for sale. D) A snow globe with fake money inside. Show Answer Correct Answer: A) A world economy with movement of products and labors across international borders. 54. Discuss the concept of franchising and its role in international business. A) Franchising does not require any knowledge of the local market and culture. B) Franchising allows companies to expand into new markets with the help of local entrepreneurs who have knowledge of the local market and culture. C) Franchising is only suitable for domestic business expansion. D) Franchising is a method of selling products directly to consumers. Show Answer Correct Answer: B) Franchising allows companies to expand into new markets with the help of local entrepreneurs who have knowledge of the local market and culture. 55. Which of these is the least integrated level of economic integration? A) A common market. B) An economic union. C) A free trade area. D) A customs union. Show Answer Correct Answer: C) A free trade area. 56. UNIT 1:ABOUT YOUTELEPHONE NUMBERSTwo five seven oh double eight nine double 4 A) 257188944. B) 257089944. C) 257088944. D) 257088044. Show Answer Correct Answer: C) 257088944. 57. What was a major factor that led to the democratic revolution in the late 1980s and early 1990s? A) Successful economic progress under totalitarian regimes. B) A decline in the size of the middle class. C) The widespread use of new information and communication technologies. D) Increased government control over the economy. Show Answer Correct Answer: C) The widespread use of new information and communication technologies. 58. The speaker has referred to the Rakhal Chur as a way to define the collective programming of the human mind. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 59. Modes of operations in international business as below EXCEPT ..... A) Import & export. B) FDI. C) Licensing. D) Domestic business. Show Answer Correct Answer: D) Domestic business. 60. The General Agreement on Tariffs and Trade (GATT) expanded considerably into a multilateral trading system called ..... A) UN. B) NAFTA. C) EU. D) WTO. Show Answer Correct Answer: D) WTO. ← 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