This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 35 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 35 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A strategy that uses the same product and marketing strategy worldwide would be a A) Worldwide strategy. B) Secret strategy. C) Multinational strategy. D) Global strategy. Show Answer Correct Answer: D) Global strategy. 2. Domestic Company is A) Is a company that conducts business across national borders. B) Is a company that conducts business in only one country, which is known as the home country. C) A permanent global institution to promote international trade and to settle international trade disputes. D) None of the above. Show Answer Correct Answer: B) Is a company that conducts business in only one country, which is known as the home country. 3. How does globalization influence international business practices? A) Globalization influences international business practices by expanding markets, promoting competition, and encouraging the adoption of international standards. B) Globalization eliminates competition among businesses. C) Globalization isolates local businesses from global markets. D) Globalization reduces the need for international trade. Show Answer Correct Answer: A) Globalization influences international business practices by expanding markets, promoting competition, and encouraging the adoption of international standards. 4. It is a tax that the country charges when importing a product. A) Legal norm. B) Custom tariff. C) Bonus. D) Subsidy. Show Answer Correct Answer: B) Custom tariff. 5. In a ..... economy certain sectors of the economy are left to private ownership and free market mechanisms. A) Mixed. B) Planned. C) Common. D) Market. Show Answer Correct Answer: A) Mixed. 6. International business has no branches A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 7. What is the primary role of a "Supplier" ? A) To buy goods for resale. B) To transport products to customers. C) To manage the company's inventory. D) To provide necessary materials or services for production. Show Answer Correct Answer: D) To provide necessary materials or services for production. 8. There are 4 shipping terms, they are these below except, A) FOG. B) CAF. C) FOB. D) CIF. E) FAS. Show Answer Correct Answer: A) FOG. 9. These are the steps for the Solving situations at work A) 1. Identify the problem2.Explore information and create ideas3.Select the best ideas4. Build and test ideas5.Evaluate the results. B) *MRM, at its core, is divided into 5 business processes / methodical concepts:*Planning and Budgeting.*Business Process Management.*Approval.*Reusability.*Measurement. C) All the above. D) None of the above. Show Answer Correct Answer: A) 1. Identify the problem2.Explore information and create ideas3.Select the best ideas4. Build and test ideas5.Evaluate the results. 10. Profit growth can be achieved through ..... A) Increase cost. B) Decrease cost. C) Add value and raise prices. D) Enter new markets. Show Answer Correct Answer: D) Enter new markets. 11. Raymond Vernon's 'Product Life Cycle Theory' suggests that as a product matures (e.g., a smartphone), production often shifts from: A) Developing countries to the innovating country. B) The private sector to the public sector. C) Rural areas to urban areas. D) The innovating country to lower-cost developing countries. Show Answer Correct Answer: D) The innovating country to lower-cost developing countries. 12. What is the role of multinational corporations in international trade? A) Multinational corporations primarily focus on local markets. B) Multinational corporations facilitate international trade by enhancing efficiency, accessing diverse markets, and contributing to economic development. C) They hinder international trade by creating trade barriers. D) Multinational corporations have no impact on economic development. Show Answer Correct Answer: B) Multinational corporations facilitate international trade by enhancing efficiency, accessing diverse markets, and contributing to economic development. 13. ..... provides the basic framework of policy and strategy for promoting exports and trade. A) Domestic trade policy. B) Global trade policy. C) Foreign Trade policy. D) None of the above. Show Answer Correct Answer: C) Foreign Trade policy. 14. Country X is in the process of transforming from a command economy to a market economy. This process most likely involves A) Standardized procedures implemented by the state. B) High economic growth rates for the long term. C) Privatization of many factors of production. D) Violent political and legal upheaval. Show Answer Correct Answer: C) Privatization of many factors of production. 15. To lose value. For example, if you bought a new Toyota Corolla in 2001 for $ 30, 000, the value of the car decreased and you can now only sell it for $ 11, 000. A) Translate. B) Ethics. C) Depreciate. D) Appreciate. Show Answer Correct Answer: C) Depreciate. 16. A person who starts his or her own business in hope of earning a profit. A) Consumer. B) Manufacture. C) Currency. D) Entrepreneur. Show Answer Correct Answer: D) Entrepreneur. 17. Business transactions between parties from more than one country are known as international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 18. What is the common currency of French-speaking countries in West Africa? A) Peso. B) Euro. C) CFA franc. D) Dollar. Show Answer Correct Answer: C) CFA franc. 19. What is contract manufacturing? A) A type of outsourcing where a company hires another company to manufacture its products. B) A type of joint venture where two companies share the costs and profits of manufacturing a product. C) A type of licensing agreement where a company grants another company the right to manufacture its product. D) All of the above. Show Answer Correct Answer: A) A type of outsourcing where a company hires another company to manufacture its products. 20. As per ..... theory, firms undertake FDI to exploit resource endowments or assets that are location-specific A) Theory of absolute advantage. B) Eclectic paradigm. C) Imitative theory. D) Internationalizationtheory. Show Answer Correct Answer: B) Eclectic paradigm. 21. The Instruments used to manipulate international trade are the tariff, safeguards, export and import quotas and non-tariff barriers A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 22. Is the following an advantage or a disadvantage of international business locations?"Ethical concerns" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: B) Disadvantage. 23. What primarily determines currency exchange rates? A) Government decrees. B) The World Bank. C) Supply and demand for the currency. D) The price of gold. Show Answer Correct Answer: C) Supply and demand for the currency. 24. If a country has low literacy levels, little to no technology and focuses on agricutlre or mining, that country is considered to be: A) Developing. B) Industrialized. C) Less-Developed. D) None of the above. Show Answer Correct Answer: C) Less-Developed. 25. What is "Hyperinflation" ? A) A period characterized by rapidly falling exports. B) A period characterized by rapidly falling prices. C) A period characterized by rapidly rising prices. D) A period characterized by rapidly rising exports. Show Answer Correct Answer: C) A period characterized by rapidly rising prices. 26. Pressure for local responsiveness declines when ..... A) Consumer tastes and preferences become similar thanks to globalization. B) Infrastructure is different in various countries. C) Distribution channels are not similar. D) All of these choices. Show Answer Correct Answer: A) Consumer tastes and preferences become similar thanks to globalization. 27. Of all the factors that are important to doing business, geography is NOT important to doing business A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 28. Which is the first step of the procedure of import trade? A) Trade Enquiry. B) Placing an Order. C) Sending Letter of Credit. D) Obtaining Import LIcence. Show Answer Correct Answer: A) Trade Enquiry. 29. Profitability can be increase by adding value to the product and raise prices, and selling more products in the existing market. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 30. What is the tense in IBC used most? A) Present perfect. B) Present simple. C) Future simple. D) Past simple. Show Answer Correct Answer: B) Present simple. 31. Which of the following is true regarding business regulations in international markets? A) They are the same across all countries. B) They differ and businesses must adapt to local laws. C) International laws override national regulations. D) Businesses can ignore regulations in international markets. Show Answer Correct Answer: B) They differ and businesses must adapt to local laws. 32. How can companies effectively manage risks in global supply chains? A) Focus exclusively on cost reduction without considering quality. B) Rely solely on a single supplier for all materials. C) Diversify suppliers and implement risk assessment strategies. D) Ignore geopolitical factors when sourcing products. Show Answer Correct Answer: C) Diversify suppliers and implement risk assessment strategies. 33. Finish the sentence:I don't like Italian food very much because ..... A) I can't stand tomatoes!. B) I love tomatoes!. C) I don't mind tomatoes. D) I am 100% neutral about tomatoes. Show Answer Correct Answer: A) I can't stand tomatoes!. 34. Study of consumers and the processes they use to choose, use, and dispose of products and services, including consumers' emotional, mental, and behavioral responses. A) Transitional Movement. B) Distribution. C) Demographics. D) Consumer Behavior. Show Answer Correct Answer: D) Consumer Behavior. 35. ..... refers to the tax imposed on imports. A) Subsidies. B) Import Quotas. C) Tariffs. D) Imported tax. Show Answer Correct Answer: C) Tariffs. 36. During a call, the client says: "That's interesting." What should you NOT assume? A) They fully agree. B) They are unsure. C) They need more info. D) They are confused. Show Answer Correct Answer: A) They fully agree. 37. What does export mean? A) Buying goods from another country. B) Selling goods to another country. C) Storing goods locally. D) Moving goods from one warehouse to another. Show Answer Correct Answer: B) Selling goods to another country. 38. When the value of exports exceeds the value of imports; the opposite of a trade deficit. A) Trade surplus. B) Factors of production. C) Macroeconomics. D) Microeconomics. Show Answer Correct Answer: A) Trade surplus. 39. By entering into international business, a firm expects improvement in A) Marketing. B) All spheres of marketing, operation and finance simultaneously. C) Any or all spheres of marketing, operation and finance. D) Finance only. Show Answer Correct Answer: B) All spheres of marketing, operation and finance simultaneously. 40. A global firm's strategy emphasizes: A) High local responsiveness. B) Global standardization. C) No central control. D) Regional independence. Show Answer Correct Answer: B) Global standardization. 41. Who propounded International Product Life Cycle Theory? A) Adam Smith. B) Raymond Vernon. C) David Ricardo. D) Michael Porter. Show Answer Correct Answer: B) Raymond Vernon. 42. Istilah yang menggambarkan aliran modal jangka pendek yang bertujuan untuk memperoleh keuntungan singkat disebut ..... A) Patient Money. B) Short Money. C) Cold Money. D) Hot Money. Show Answer Correct Answer: A) Patient Money. 43. Which of these is a challenge posed by MNCs? A) Skill development. B) Employment generation. C) Cultural erosion. D) Infrastructure investment. Show Answer Correct Answer: C) Cultural erosion. 44. Which of the following is a common constraint faced by Small and Medium-Sized International Enterprises (SMIEs) when expanding into international markets? A) Excessive market share. B) Limited access to capital and resources. C) Overabundance of human resources. D) Lack of local market knowledge. Show Answer Correct Answer: B) Limited access to capital and resources. 45. Which 1990s Christmas commercial helped make a chocolate brand globally iconic? A) Ferrero Rocher. B) Lindt. C) Toblerone. D) Hershey's Kisses "bells" ad. Show Answer Correct Answer: D) Hershey's Kisses "bells" ad. 46. Refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization. A) Awerness. B) International Business. C) Business Ethics. D) Ethics. Show Answer Correct Answer: D) Ethics. 47. What makes it easier for foreign companies to do business in Canada? A) Strict regulations. B) Free trade agreements. C) Limited market access. D) High tariffs. Show Answer Correct Answer: B) Free trade agreements. 48. Which of the following is an example of an associated business? A) Logistics. B) Importing business. C) Exporting business. D) Multinational enterprise. Show Answer Correct Answer: A) Logistics. 49. What is the key strength of a geographic structure? A) Economies of scale globally. B) Better adaptation to local markets. C) Easier global product standardization. D) Lower marketing costs. Show Answer Correct Answer: B) Better adaptation to local markets. 50. Matrix organizations are simple to manage because they avoid overlapping authority. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 51. A trade agreement between 27 countries of with the same currency and open trade between those nations. A) WTO. B) ABC. C) EU. D) NAFTA. Show Answer Correct Answer: C) EU. 52. What do Intellectual Property Rights (IPR) protect in international trade? A) Rights of creators and inventors. B) Rights of consumers. C) Rights of government officials. D) Rights of trade organizations. Show Answer Correct Answer: A) Rights of creators and inventors. 53. Which term describes a market structure with only a small number of competing firms? A) Monopsony. B) Perfect competition. C) Oligopoly. D) Monopoly. Show Answer Correct Answer: C) Oligopoly. 54. Which of the following is NOT a factor of production that can be more difficult to move internationally compared to domestically? A) Labor. B) Legal systems. C) Capital. D) Technology. Show Answer Correct Answer: B) Legal systems. 55. Foregin trade act passes during A) 1992. B) 1991. C) 1993. D) 1994. Show Answer Correct Answer: A) 1992. 56. What are the main hurdles for FDI in India? A) Stable economic environment. B) Lack of skilled labor. C) Bureaucratic red tape, complex regulations, inconsistent policies, infrastructure challenges, and political instability. D) High taxation rates. Show Answer Correct Answer: C) Bureaucratic red tape, complex regulations, inconsistent policies, infrastructure challenges, and political instability. 57. What is the main difference between technology licensing and brand licensing? A) Technology licensing involves a trademark, while brand licensing involves a technology. B) Technology licensing involves a technology, while brand licensing involves a trademark. C) Both involve selling the entire business concept. D) Both involve only advertising support. Show Answer Correct Answer: B) Technology licensing involves a technology, while brand licensing involves a trademark. 58. It is a disadvantages of multinational for host countries ..... A) Skills, production techniques and improvements in the quality of the workforce. B) Some MNCs may be footloose from taxes. C) Improvements in infrastructure. D) Availability of quality goods and services in the host country. Show Answer Correct Answer: B) Some MNCs may be footloose from taxes. 59. What is an embargo in the context of international trade barriers? A) A prohibition on trade in a particular product. B) A limit on the quantity of a product that can be imported. C) A government subsidy to domestic producers. D) A tax imposed on imports. Show Answer Correct Answer: A) A prohibition on trade in a particular product. 60. ..... is any activities needed to create, ship, and sell products across national borders. A) International business. B) Global economy. C) Domestic business. D) None of the above. Show Answer Correct Answer: A) International business. ← 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