This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 36 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 36 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which e-commerce company sees its biggest annual sales spike in November-December? A) JD.com. B) Alibaba. C) Amazon. D) Rakuten. Show Answer Correct Answer: C) Amazon. 2. Collectivism is the need to be connected to society only through education. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 3. Australia's top two way trading partner is as of 2014 ..... A) Japan. B) Singapore. C) China. D) South Korea. Show Answer Correct Answer: C) China. 4. What best describes the concept of coopetition? A) Companies exclusively competing with each other to maximize individual profits. B) Companies working independently without any form of interaction. C) Companies engaging in simultaneous competition and cooperation to create value. D) Companies merging together to eliminate competition. Show Answer Correct Answer: C) Companies engaging in simultaneous competition and cooperation to create value. 5. Economic risk, also known as operating exposure, refers to the long-term impact of exchange rate fluctuations on a company's competitiveness, cash flows, and strategic decisions. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 6. Which of the following is NOT a problem associated with the African Continental FTA (AfCFTA)? A) Controversial protection rules. B) Currency devaluation. C) Unequal benefits. D) Asymmetric shocks. Show Answer Correct Answer: B) Currency devaluation. 7. In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent. This is a(n) ..... A) Tariff. B) Quota. C) Embargo. D) None of the above. Show Answer Correct Answer: A) Tariff. 8. Which are the two countries with which India trades? A) China and Japan. B) USA and Japan. C) USA and China. D) China and Canada. Show Answer Correct Answer: B) USA and Japan. 9. Which is NOT a reason why firms engage in international business? A) Avoidance of innovation. B) Exploitation of domestic monopolies abroad. C) Access to new markets. D) Diversification of risk. Show Answer Correct Answer: A) Avoidance of innovation. 10. If McDonald's changes its menu in India to exclude beef due to religious beliefs, this is a response to which PESTEL factor? A) Technological. B) Environmental. C) Legal. D) Social/Cultural. Show Answer Correct Answer: D) Social/Cultural. 11. Taxes on imports; also known as custom duties. Comes in two forms:Specific and Valorem. A) Tariffs. B) Preferential Duties. C) Custom Duties. D) Import Quotas. Show Answer Correct Answer: A) Tariffs. 12. What is supply chain management (SCM)? A) Supply chain management (SCM) involves the coordination and optimization of all activities within the supply chain to ensure seamless flow, efficient operations, and cost-effective performance. B) SCM is only about transporting goods from one place to another. C) SCM focuses solely on the marketing of products to customers. D) SCM is the process of hiring employees for a company. Show Answer Correct Answer: A) Supply chain management (SCM) involves the coordination and optimization of all activities within the supply chain to ensure seamless flow, efficient operations, and cost-effective performance. 13. The two-way flow of exports and imports of goods (merchandise trade) and services (service trade). A) Offshoring. B) Outsourcing. C) International business. D) Trade. Show Answer Correct Answer: D) Trade. 14. Which of the following is a benefit of entering a foreign market on a large scale? A) Easier to capture first-mover advantages. B) High strategic flexibility. C) Lower financial risk. D) Less competition from local firms. Show Answer Correct Answer: A) Easier to capture first-mover advantages. 15. Which was the main economic source of South Africa in 2017? A) Tourism. B) Mining. C) Construction. D) Agriculture. Show Answer Correct Answer: D) Agriculture. 16. The speaker expressed the belief that jokes do not always translate well across languages and cultures. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 17. Which statement best describes the current trend in international markets? A) National markets are becoming more distinct and separate. B) Trade barriers are increasing, making it harder to sell globally. C) Historically distinct and separate national markets are merging into a global market. D) Consumers' tastes and preferences are diverging, creating unique national markets. Show Answer Correct Answer: C) Historically distinct and separate national markets are merging into a global market. 18. Salah satu faktor utama yang sejak tahun 1970 menjadi motor penggerak revolusi jasa keuangan sehingga semakin maju dengan memfasilitasi hubungan langsung antar benua adalah ..... A) Teknologi Pemrosesan Data. B) Teknologi Informasi. C) Teknologi Komunikasi. D) Teknologi Transfer. Show Answer Correct Answer: C) Teknologi Komunikasi. 19. Which type of business happens when buying and selling crosses borders A) Domestic business. B) International business. C) None ya business. D) None of the above. Show Answer Correct Answer: B) International business. 20. What is the most important trade agreement for Mexico by its amount of operations? A) Transpacific. B) Pacific Alliance. C) European Union FTA. D) USMCAN. Show Answer Correct Answer: D) USMCAN. 21. When items are too expensive to ship, businesses build factories abroad. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 22. The UAE has free trade agreements with neighboring Arab states. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 23. The study of how a country manages its affairs by using its political, economic, and legal systems. A) Political Dilemma. B) Political Analysis. C) Political Economy. D) Political Management. Show Answer Correct Answer: C) Political Economy. 24. Which of the following is NOT a member-specific function of the G20? A) Coordinating macroeconomic policy among major economies. B) Addressing global financial stability. C) Setting legally binding trade rules. D) Discussing sustainable development issues. Show Answer Correct Answer: C) Setting legally binding trade rules. 25. What is the main challenge of a matrix structure? A) Dual reporting lines leading to conflicts. B) High communication cost. C) No specialization. D) Lack of innovation. Show Answer Correct Answer: A) Dual reporting lines leading to conflicts. 26. This is a situation with uncertaintly about what is right to do from a moral or ethics perspective. A) Business ethics. B) Ethical strategy. C) Ethical Dilemma. D) Ethics. Show Answer Correct Answer: C) Ethical Dilemma. 27. Which of the following factors, according to Porter's national Diamond, is most likely to give a country competitive advantage over another country? A) Skilled labor. B) Demographics. C) Climate. D) Natural resources. Show Answer Correct Answer: A) Skilled labor. 28. The speaker ends the presentation with a quote from Carl Jung emphasizing self-awareness through understanding others. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 29. Which of the following is considered a controllable factor in international marketing? A) Political stability. B) Cultural environment. C) Product. D) Economic conditions. Show Answer Correct Answer: C) Product. 30. ONE OF THE REASONS WHY THIS WAS FORMULATED IS BECAUSE OF INDUSTRIALIZATION A) PROTECTIONISM. B) BALANCE OF PAYMENT. C) THEORY OF COMPARATIVE ADVANTAGE. D) THEORY OF ABSOLUTE ADVANTAGE. E) TRADE BARRIERS. Show Answer Correct Answer: E) TRADE BARRIERS. 31. What defines an international strategy? A) Leveraging core competencies in foreign markets with minimal adaptation. B) Extensive customization of products for local markets. C) High integration and standardization. D) Balancing global efficiency and local responsiveness. Show Answer Correct Answer: A) Leveraging core competencies in foreign markets with minimal adaptation. 32. Host countries may feel that MNEs hold significant economic power, leading to what potential issue? A) Power imbalance, which can lead to tension and unease about potential exploitation. B) Increased cultural exchange and mutual understanding. C) Reduction in foreign direct investment opportunities. D) Improved local governance and transparency. Show Answer Correct Answer: A) Power imbalance, which can lead to tension and unease about potential exploitation. 33. In Poland, casual clothing can be considered inappropriate in public. For example, one would rarely be seen barefoot in public. People tend to dress neatly. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 34. The term "Distribution" refers to: A) Product advertising. B) Transportation and delivery of products to different sales points. C) Revenue generation through sales. D) Mass production of goods. Show Answer Correct Answer: B) Transportation and delivery of products to different sales points. 35. What are the key differences between licensing and franchising? A) Licensing is only for software; franchising is only for restaurants. B) Licensing involves selling products; franchising involves sharing profits. C) Licensing is about using intellectual property; franchising is about operating a business model. D) Licensing requires a franchise fee; franchising does not require any fees. Show Answer Correct Answer: C) Licensing is about using intellectual property; franchising is about operating a business model. 36. The amount by which revenue from ..... exceeds costs in a business is known as profit margin. A) Gross Profit. B) Selling Price. C) Cost. D) Sales. Show Answer Correct Answer: D) Sales. 37. Pressures for global integration-highpressures for local responsiveness-high A) International strategy. B) Global strategy. C) Transnational strategy. D) Multidomestic strategy. Show Answer Correct Answer: C) Transnational strategy. 38. Which of the following is a common challenge companies face in emerging markets? A) Lack of legal regulations. B) Over-regulated digital privacy laws. C) Infrastructure and bureaucratic hurdles. D) High purchasing power of customers. Show Answer Correct Answer: C) Infrastructure and bureaucratic hurdles. 39. Which of the following best describes a product-based global corporate structure? A) Organized by customer segments. B) Organized by product lines across countries. C) Organized by geographic regions. D) Organized by corporate functions. Show Answer Correct Answer: B) Organized by product lines across countries. 40. Which of the following is not an economic factor? A) Employee Benefits. B) Quality of Living. C) Infrastructure. D) Government Stability. Show Answer Correct Answer: D) Government Stability. 41. ..... is the buying of products made in other countries for use or resale in one's own country. A) Exporting. B) Importing. C) Merchandising. D) Transporting. Show Answer Correct Answer: B) Importing. 42. A tax imposed by the government of a country or by a supranational union on imports or exports of goods. A) Licensor. B) Tariff. C) Franchisor. D) Landlord. Show Answer Correct Answer: B) Tariff. 43. What is one advantage of going global in terms of access to customers? A) Limited access to customers due to economic pressures. B) Reduced product range due to cultural differences. C) Dependence on the local market for sales. D) Immediate access to a wide range of customers in areas with more available spending. Show Answer Correct Answer: D) Immediate access to a wide range of customers in areas with more available spending. 44. What does a Tariff do? A) Places a tax on a product when it crosses the border. B) Destroys the product it comes in contact with. C) Charges people money to enter into a store. D) Charges people money to be in the area of a company. Show Answer Correct Answer: A) Places a tax on a product when it crosses the border. 45. How do trade agreements facilitate regional economic integration? A) Trade agreements facilitate regional economic integration by reducing trade barriers and promoting economic cooperation. B) Trade agreements eliminate all forms of economic cooperation. C) Trade agreements isolate economies from global markets. D) Trade agreements increase tariffs and reduce trade volume. Show Answer Correct Answer: A) Trade agreements facilitate regional economic integration by reducing trade barriers and promoting economic cooperation. 46. "Strategic" industries are the ones that usually require high start-up costs and investments in innovations and research. A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 47. A major benefit of globalization to consumers is: A) Access to a wider range of products. B) Reduced innovation. C) Higher prices for goods. D) Limited product variety. Show Answer Correct Answer: A) Access to a wider range of products. 48. Aspect of globalization are A) Capital & investment. B) Migration. C) Both a & b. D) None of the above. Show Answer Correct Answer: C) Both a & b. 49. The ASEAN Free Trade Area was signed in this country in 1992. Further, this country is known for its highly developed free-market economy.- A) Vietnam. B) Singapore. C) China. D) None of the above. Show Answer Correct Answer: B) Singapore. 50. Which factor is unique to international business but not present in domestic business? A) Cultural diversity among customers. B) Consistent legal regulations. C) Single currency used for transactions. D) Sales within one country. Show Answer Correct Answer: A) Cultural diversity among customers. 51. In network internationalization model late starter has ..... : A) LITTLE OPERATING EXPERIENCE. B) EASY ACCESS TO INTERNATIONALIZED NETWORK RESOURCES. C) FOCUS ON EXPANSION INTO CLOSE MARKETS. D) LITTLE KNOWLEDGE ABOUT THE FOREIGN MARKET. Show Answer Correct Answer: B) EASY ACCESS TO INTERNATIONALIZED NETWORK RESOURCES. 52. Currently how many members are in the SAARC organisation? A) 10. B) 7. C) 6. D) 8. Show Answer Correct Answer: D) 8. 53. What is the primary focus of the ecological environment in international business? A) Cultural practices. B) Environmental sustainability. C) Technological advancements. D) Political stability. Show Answer Correct Answer: B) Environmental sustainability. 54. How does globalization impact sustainable development growth in international business? A) It encourages local businesses to remain isolated. B) It promotes uniformity and reduces cultural diversity. C) It provides opportunities for growth while requiring adaptation to new sustainability practices. D) It restricts the availability of global resources. Show Answer Correct Answer: C) It provides opportunities for growth while requiring adaptation to new sustainability practices. 55. "I couldn't agree more" is: A) Strong agreement. B) Weak disagreement. C) Strong disagreement. D) Weak agreement. Show Answer Correct Answer: A) Strong agreement. 56. Which of these is an economic factor in the international environment? A) Tariffs and quotas. B) Inflation and interest rates. C) Cultural preferences. D) Political stability. Show Answer Correct Answer: B) Inflation and interest rates. 57. What political risk must businesses navigate in global markets? A) Increase in product innovation. B) Protectionist policies. C) Free trade agreements. D) None of the above. Show Answer Correct Answer: B) Protectionist policies. 58. 64) Which term refers to two or more companies that share ownership of an FDI? A) Turnkey operation. B) Joint venture. C) Transnational firm. D) Franchise. Show Answer Correct Answer: B) Joint venture. 59. Compared to MNEs, SMIEs usually: A) Have stronger global presence. B) Face more financial and market entry barriers. C) Operate with global standardization. D) Invest heavily in R&D. Show Answer Correct Answer: B) Face more financial and market entry barriers. 60. What are the challenges of managing a multicultural workforce? A) Uniform work ethics across all cultures. B) Simplified communication with a single language. C) Increased productivity due to diverse perspectives. D) Challenges include language barriers, cultural differences, varying work ethics, and potential biases. Show Answer Correct Answer: D) Challenges include language barriers, cultural differences, varying work ethics, and potential biases. ← 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