This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 37 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 37 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is a consequence of lower information processing and communication costs for firms? A) Firms are limited to local markets due to higher operational costs. B) Firms can create and manage globally dispersed production systems. C) Firms need to rely more on traditional forms of communication. D) Firms experience a decrease in overall productivity. Show Answer Correct Answer: B) Firms can create and manage globally dispersed production systems. 2. If the currency exchange rate between the U.S. dollar and the British pound were 1 pound to 1.5 U.S. dollars, how many dollars would 500 pounds buy? A) $ 1, 500.00. B) $ 333.33. C) $ 500.00. D) $ 750.00. Show Answer Correct Answer: D) $ 750.00. 3. Australia's biggest export to China is ..... A) Coal. B) Iron Ore. C) Barley. D) Copper. Show Answer Correct Answer: B) Iron Ore. 4. Which strategy is applied when pressure for local responsiveness is high and pressure for cost reduction is low? A) Localization. B) International. C) Global standardization. D) Transnational. Show Answer Correct Answer: A) Localization. 5. What does the term "Supply Chain" mean? A) Chain of retail stores. B) Process of purchasing goods for personal use. C) Direct sales process to the customer. D) Process of sourcing materials for product manufacturing. Show Answer Correct Answer: D) Process of sourcing materials for product manufacturing. 6. Porter argues that a nation's firms gain competitive advantage if ..... A) Their domestic consumers lack technical awareness. B) They function in a labor intensive market. C) The country has abundant supply of unskilled workers. D) Their domestic consumers are demanding. Show Answer Correct Answer: D) Their domestic consumers are demanding. 7. What is the role of UK Export Finance Advisors? A) To offer legal advice to UK businesses. B) To provide financial support to UK exporters. C) To manage the UK's foreign exchange reserves. D) To regulate UK import tariffs. Show Answer Correct Answer: B) To provide financial support to UK exporters. 8. The arrangement between Tata and Starbucks is an example of ..... A) Joint Venture. B) Export. C) Takeover. D) Partnership. Show Answer Correct Answer: A) Joint Venture. 9. Which of the following characterizes a customs union? A) It requires each member to maintain different external policies regarding non-members. B) It imposes common external policies on non-members. C) It integrates the political and economic affairs of a region. D) It permits the free movement of goods and people among its members. Show Answer Correct Answer: B) It imposes common external policies on non-members. 10. Which type of multinational enterprise has a more decentralized approach, with each subsidiary operating independently according to its own country's requirements? A) Transnational firm. B) Multinational firm. C) Multidomestic firm. D) Global firm. Show Answer Correct Answer: B) Multinational firm. 11. A protective tariff is intended to "protect" the A) Domestic consumer from higher prices on foreign goods. B) Domestic consumer from higher priced goods produced within the country. C) Domestic manufacturer from higher priced foreign goods. D) Domestic manufacturer or farmer from lower priced goods imported into the country. Show Answer Correct Answer: D) Domestic manufacturer or farmer from lower priced goods imported into the country. 12. Why might a firm file an anti-dumping complaint with the government? A) To reduce production costs. B) To avoid paying taxes. C) As a signal to competitors that it's time to negotiate. D) To increase its own prices. Show Answer Correct Answer: C) As a signal to competitors that it's time to negotiate. 13. Which of the following would be an example of international business? A) A farmer in Iowa using U.S produced equipment. B) A sales staff in South Carolina representing a foreign producer. C) A retail store in Oregon selling craft items from local artists. D) A restaurant in Chicago offering Asian menu items. Show Answer Correct Answer: B) A sales staff in South Carolina representing a foreign producer. 14. What are the risks associated with international trade? A) Technological advancements and innovation. B) Potential risks such as currency fluctuations, political instability, trade barriers, and legal issues. C) Language barriers and cultural differences. D) Weather conditions and natural disasters. Show Answer Correct Answer: B) Potential risks such as currency fluctuations, political instability, trade barriers, and legal issues. 15. Buying and selling of goods & services across the borders of your national is called: A) External Trade. B) Retail Trade. C) Wholesale Trade. D) Internal Trade. Show Answer Correct Answer: A) External Trade. 16. Reading the image diagonally, most people see the word 'truth'. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 17. The European Union is an example of A) Common market. B) Economic union. C) Free trade area. D) Monetary union. Show Answer Correct Answer: B) Economic union. 18. What are the main components of a global supply chain? A) Retailers and customers only. B) Manufacturers only. C) Logistics providers and suppliers only. D) Suppliers, manufacturers, logistics providers, distribution centers, retailers, customers. Show Answer Correct Answer: D) Suppliers, manufacturers, logistics providers, distribution centers, retailers, customers. 19. A comparison of amount of foreign currency taken into a country versus amount of domestic currency paid out A) Embargo. B) Tariffs. C) Balance of Payments. D) Quotas. Show Answer Correct Answer: C) Balance of Payments. 20. Which of the following would constitute as a technological barrier to trade? A) Product standards. B) A tarrif. C) An import quota. D) Licenses. Show Answer Correct Answer: A) Product standards. 21. Which international organization is primarily responsible for regulating international monetary exchange rates and providing financial assistance to countries in need? A) WTO. B) World Bank. C) UNCTAD. D) IMF. Show Answer Correct Answer: D) IMF. 22. What is the second stage in the "business cycle" model? A) Recovery. B) Boom. C) Recession. D) Depression. Show Answer Correct Answer: C) Recession. 23. A culture in which people prefer to finish one task before starting another is most accurately characterized as which of the following? A) Pragmatic. B) Low-context. C) High power distance. D) Monochronic. Show Answer Correct Answer: D) Monochronic. 24. Which of the following factors does NOT contribute to the rise of nearshoring? A) Lower transportation costs. B) Smaller time zone differences. C) Larger cultural differences. D) Lesser liability of foreignness. Show Answer Correct Answer: C) Larger cultural differences. 25. Administrative policies, such as strict customs rules, most directly serve which role in trade? A) Mandated domestic content levels. B) Direct price support to producers. C) Indirect protection via bureaucracy. D) Negotiated export ceilings. Show Answer Correct Answer: C) Indirect protection via bureaucracy. 26. There are two main categories of international investment ..... and ..... A) Portfolio investment. B) Foreign direct investment (FDI). C) Both a & b. D) None of the above. Show Answer Correct Answer: C) Both a & b. 27. Which statement best describes how a firm's resources contribute to a sustainable competitive advantage in international strategy? A) They are valuable, rare, imperfectly imitable and non-substitutable. B) They are easily transferable between countries and quickly replicated by rivals. C) They consist only of the firm's financial capital. D) They are abundant and replaceable, allowing frequent substitution. Show Answer Correct Answer: A) They are valuable, rare, imperfectly imitable and non-substitutable. 28. What is the most likely outcome of this message " let's finalize this later" A) The task would be completed correctly. B) The other party asks for clarification. C) No delay occurs. D) The projects starts immediately. Show Answer Correct Answer: B) The other party asks for clarification. 29. To accomplish this goal, each firm must develop its individual strategy and approach to ..... A) Lower cost. B) Maximize value. C) Increase profit. D) All the above. Show Answer Correct Answer: D) All the above. 30. What is a company called that operates in multiple countries? A) Multinational enterprise. B) Associated business. C) Exporting business. D) Importing business. Show Answer Correct Answer: A) Multinational enterprise. 31. It refers to the nation's position in factors of production, such as skilled labor or the infrastructure necessary to compete in a given industry. A) Factor Endowments. B) Demand Conditions. C) Related and Supporting Industries. D) None of the above. Show Answer Correct Answer: A) Factor Endowments. 32. Which type of multinational enterprise focuses on achieving efficiencies through global integration and offers standardized products across international markets? A) Multidomestic firm. B) Transnational firm. C) Multinational firm. D) Global firm. Show Answer Correct Answer: D) Global firm. 33. What role does technology play in the expansion of International Business? A) It limits business growth. B) It facilitates communication and transactions. C) It is irrelevant in the global market. D) It only benefits domestic businesses. Show Answer Correct Answer: B) It facilitates communication and transactions. 34. What are international trade policies and agreements? A) Rules and regulations for international trade. B) Guidelines for domestic industries. C) Agreements for local market expansion. D) Regulations for foreign investments. Show Answer Correct Answer: A) Rules and regulations for international trade. 35. Total market value of all goods and services produced in a country in a year. A) Gross Domestic Product. B) Consumer Price Index. C) Gross National Product. D) Gross National Income. Show Answer Correct Answer: A) Gross Domestic Product. 36. What is the full form of EOUs? A) Export Outsourcing Units. B) Export Oriented Units. C) Export Organization Units. D) None of the above. Show Answer Correct Answer: B) Export Oriented Units. 37. The movement to free international trade is most likely to generate short-term unemployment in which industries A) Industries in which there are neither imports nor exports. B) Import-competing industries. C) Industries that sell to domestic and foreign buyers. D) Industries that sell to only foreign buyers. Show Answer Correct Answer: B) Import-competing industries. 38. What is a major driver of globalization? A) Regional wars. B) Cultural isolation. C) High tariffs. D) Liberalized trade policies. Show Answer Correct Answer: D) Liberalized trade policies. 39. What is the role of technology in the international business environment? A) To standardize global practices. B) To limit market access. C) To enhance product adaptation. D) To reduce competition. Show Answer Correct Answer: C) To enhance product adaptation. 40. The principle of 'Host Country culture is the best culture' applicable to which type of international orientation? A) Polycentric. B) Ethnocentric. C) Regiocentric. D) Geocentric. Show Answer Correct Answer: A) Polycentric. 41. It is found in those countries that can produce a good using fewer productive factors than others, and therefore, with a lower production cost than that which could be obtained using it. A) Overproduction. B) Greater demand. C) Absolute advantage. D) }. Show Answer Correct Answer: C) Absolute advantage. 42. What is the role of technology in international business? A) It is only relevant for local businesses. B) It complicates business processes. C) It has no impact. D) It provides a competitive advantage. Show Answer Correct Answer: D) It provides a competitive advantage. 43. This country has been the birthplace of many innovative companies such as:Electrolux, H&M, IKEA, Spotify, and Skype. A) Sweden. B) Switzerland. C) Germany. D) None of the above. Show Answer Correct Answer: A) Sweden. 44. A country's balance-of-payments accounts keep track of the ..... A) Basic factor endowments and advanced factor endowments that the nation possesses. B) Payments to and receipts from other countries for a particular time period. C) Income taxes paid by domestic firms and the spending on the firms. D) Total value of taxes paid by domestic firms and the spending on the firms. Show Answer Correct Answer: B) Payments to and receipts from other countries for a particular time period. 45. ..... must be concerned when doing business with high context culture. A) Culture diversity. B) Business meeting seat position. C) Meeting agenda. D) Business contract details. Show Answer Correct Answer: B) Business meeting seat position. 46. Which of the following has NOT been a major force increasing globalization in recent decades? A) Liberalization of cross-border trade. B) Increase in and expansion of technology. C) Growing pressure from consumers. D) Decreasing prices of natural resources. Show Answer Correct Answer: D) Decreasing prices of natural resources. 47. Define the concept of cultural diversity in the context of international business. A) The absence of any cultural differences within a business environment. B) The presence of different cultures, languages, customs, and traditions within a business environment. C) The integration of different cultural practices into a single business culture. D) The exclusion of employees from different cultural backgrounds in international business. Show Answer Correct Answer: B) The presence of different cultures, languages, customs, and traditions within a business environment. 48. What is the primary reason for US businesses to invest in other countries? A) To learn new languages. B) To expand markets. C) To reduce domestic competition. D) To avoid paying taxes. Show Answer Correct Answer: B) To expand markets. 49. What is the primary purpose NAFTA? A) To reduce trade barriers among the US, Canada, and Mexico. B) To reduce trade barriers among Central America and Mexico. C) To reduce trade barriers among Brazil and Mexico. D) To encourage free trade between the US, Europe, and Canada. Show Answer Correct Answer: A) To reduce trade barriers among the US, Canada, and Mexico. 50. Authoritarian regimes such as communism and fascism are examples of ..... A) Totalitarianism. B) Individualism. C) Collectivism. D) Pluralism. Show Answer Correct Answer: A) Totalitarianism. 51. What is the primary purpose of international trade policies and agreements? A) To regulate domestic economic policies. B) To control immigration and citizenship. C) To govern the exchange of goods and services between countries. D) To promote environmental regulations. Show Answer Correct Answer: C) To govern the exchange of goods and services between countries. 52. Sports teams having their logo on memorabilia is considered? A) Joint venture. B) Franchising. C) Licensing. D) Infrastructure. Show Answer Correct Answer: C) Licensing. 53. Mengapa efisiensi dalam produksi global dan pengelolaan rantai pasokan penting bagi perusahaan global? A) Mengurangi kebutuhan untuk kerjasama dengan pemasok lokal. B) Memastikan rantai pasokan yang tidak terganggu. C) Mengurangi ketergantungan pada teknologi informasi. D) Meningkatkan kualitas produk dan layanan. Show Answer Correct Answer: B) Memastikan rantai pasokan yang tidak terganggu. 54. What is the correct spelling of Globalisation? A) Globalization. B) Globalisation. C) Globalization. D) Globalisation. Show Answer Correct Answer: A) Globalization. 55. The gives an indication of the US market. A) FTSE 100. B) NYSE. C) HIS. D) NIKKEI. Show Answer Correct Answer: B) NYSE. 56. Transnational Corporations (TNCs) are different from MNCs because they: A) Have no control over subsidiaries. B) Avoid profit generation. C) Adapt to local markets with decentralized control. D) Centralize operations. Show Answer Correct Answer: C) Adapt to local markets with decentralized control. 57. What are exchange rates in international trade barriers? A) The fees charged for trading goods internationally. B) The laws that regulate how much of a product can be traded. C) The ratio at which one nation's currency can be exchanged for another nation's currency. D) The taxes imposed on imported goods. Show Answer Correct Answer: C) The ratio at which one nation's currency can be exchanged for another nation's currency. 58. Reducing the number of resources available to the global community is one of the ways in which economic conditions affect international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 59. What is the significance of understanding the legal environment in international business? A) To enhance marketing strategies. B) To comply with international commercial laws. C) To avoid cultural misunderstandings. D) To increase production efficiency. Show Answer Correct Answer: B) To comply with international commercial laws. 60. IPO Terbesar sepanjang sejarah setelah Saudi Aramco (25.6 Milyar Dolar AS) yang terjadi pada tahun 2014 diluncurkan oleh perusahaan ..... A) Alibaba. B) Apple. C) Amazon. D) Netflix. Show Answer Correct Answer: A) Alibaba. ← 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