This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 41 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 41 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. UNIT 1:ABOUT YOUDIALOGUEA:Hi, ..... B:It's nice to meet you, Tina. A) I'm Tina Awola. B) I'm your manager. C) I'm your supervisor. D) I'm Amanda Awola. Show Answer Correct Answer: A) I'm Tina Awola. 2. A global standardization strategy makes most sense when cost pressures are intense and demands for local responsiveness limited, conversely a localization strategy makes most sense when demand for local responsiveness are high but cost pressures are moderate or low. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 3. Domestic and international businesses differ in respect of the nationalities of the other stakeholders A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. Apa tujuan dari regional economic integration? A) Meningkatkan pengaruh politik negara-negara yang terlibat. B) Meningkatkan perdagangan internasional. C) Meningkatkan keuntungan bagi negara-negara yang terlibat. D) Meningkatkan persaingan antar negara. E) Meningkatkan keamanan nasional negara-negara yang terlibat. Show Answer Correct Answer: B) Meningkatkan perdagangan internasional. 5. Starbucks decided to enter the Japanese market via a joint venture with a Japanese company because: A) It wanted to leverage local expertise and cultural understanding. B) It was required by Japanese law. C) It was the only way to enter the market. D) It wanted to avoid competition. Show Answer Correct Answer: A) It wanted to leverage local expertise and cultural understanding. 6. Tienphong Bank is a/an A) Foreign business. B) Global company. C) Multidomestic company. D) Domestic company. Show Answer Correct Answer: A) Foreign business. 7. Which Christmas product caused worldwide shortages in 2014 and became a supply-chain case study? A) PlayStation 4. B) Frozen Elsa dolls. C) GoPro cameras. D) Hatchimals. Show Answer Correct Answer: B) Frozen Elsa dolls. 8. A good is a ..... product that you can see and touch. A) Physical. B) Imitation. C) Spiritual. D) Imaginary. Show Answer Correct Answer: A) Physical. 9. Which of the following is the main principle of mercantilism? A) Countries should encourage absolute free trade. B) Protection of domestic industries is not essential for a nation's welfare. C) Government intervention is not required in global trade. D) It is in a country's best interests to maintain a trade surplus. Show Answer Correct Answer: D) It is in a country's best interests to maintain a trade surplus. 10. A global dependency exists when A) Massive crop failures require buying food from another country. B) A country buys tools from another country because it does not have the technology to make the tools. C) Doctors travel to another country to provide healthcare because there is a shortage of medically-trained professionals in that country. D) All of these. Show Answer Correct Answer: D) All of these. 11. What is the process of selling goods and services to foreign markets known as? A) Trading. B) Exporting. C) Importing. D) Exchanging. Show Answer Correct Answer: B) Exporting. 12. Which of the following is not an example of straw mans approaches. A) Righteous moralist. B) Utilitarian Approach. C) Naive immoralist. D) Cultural relativism. Show Answer Correct Answer: B) Utilitarian Approach. 13. Why might a successful watchmaker want to start selling watches on a foreign planet? A) To compete against Rolex at an intergalactic level. B) To decrease the overall cost of producing watches. C) To reduce risks by expanding beyond Earth. D) To acquire resources and knowledge from the foreign planet. Show Answer Correct Answer: D) To acquire resources and knowledge from the foreign planet. 14. How do tariffs in certain industries affect developing countries in WTO negotiations? A) They may have comparative advantages in those industries. B) They lose all trade opportunities. C) They gain exclusive rights to trade. D) They are exempt from all tariffs. Show Answer Correct Answer: A) They may have comparative advantages in those industries. 15. Which of the following ensures that only good quality products are exported from the country? A) Profoma Invoice. B) Pre shipment Finance. C) Pre shipment Inspection. D) Certificate of origin. Show Answer Correct Answer: C) Pre shipment Inspection. 16. A cultural idea that describes a regular, patterned behavior that is considered characteristic of life in a social system. A) Cultural Norms. B) Culture. C) Customs. D) Beliefs. Show Answer Correct Answer: C) Customs. 17. What is the meaning of Demand Conditions? A) How much the company pays. B) What local consumers want. C) Weather and beaches. D) Where factories are built. Show Answer Correct Answer: B) What local consumers want. 18. Which country celebrates "Noche de las Velitas" by lighting candles and lanterns in the streets? A) Guatemala. B) Colombia. C) Chile. D) Spain. Show Answer Correct Answer: B) Colombia. 19. UNIT 1:ABOUT YOUDIALOGUEA:I'm sorry. B:That's ..... A) Okay. B) Good. C) Great. D) Nice. Show Answer Correct Answer: C) Great. 20. Trade between two or more than two countries is known as ..... A) External trade. B) International Trade. C) Internal Business. D) Unilateral Trade. Show Answer Correct Answer: B) International Trade. 21. One of the major disadvantages of sole proprietorships is unlimited liability. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 22. What are the benefits of cross-border mergers and acquisitions? A) Increased market access, diversification, competitive advantage, synergies, knowledge transfer, and access to new technologies. B) Reduced operational costs. C) Limited geographical reach. D) Increased regulatory hurdles. Show Answer Correct Answer: A) Increased market access, diversification, competitive advantage, synergies, knowledge transfer, and access to new technologies. 23. Benefits of Trade and Foreign Direct Investment include: A) Economic growth and job creation. B) Increased trade barriers. C) Reduced access to global markets. D) Decreased foreign capital inflow. Show Answer Correct Answer: A) Economic growth and job creation. 24. Which countries are members of CACM? A) Honduras, Nicaragua, Guatemala. B) Costa Rica, Panama, Belize. C) Only Nicaragua and El Salvador. D) All Central American countries. Show Answer Correct Answer: A) Honduras, Nicaragua, Guatemala. 25. A trade pattern is: A) What a country trades. B) What direction a country trades in. C) What a country trades and in what direction. D) When a country trades. Show Answer Correct Answer: C) What a country trades and in what direction. 26. What is the main motive for expanding into interplanetary markets? A) To acquire new insights on spandex bands. B) To reduce risks and absorb attacks. C) To decrease environmental waste. D) To increase sales and grow the business. Show Answer Correct Answer: D) To increase sales and grow the business. 27. What are the advantages and disadvantages of foreign direct investment? A) Complete elimination of local competition. B) Advantages:access to new markets, higher returns, technology transfer. Disadvantages:political risk, cultural differences, impact on local businesses. C) Guaranteed profits for investors. D) No impact on the environment. Show Answer Correct Answer: B) Advantages:access to new markets, higher returns, technology transfer. Disadvantages:political risk, cultural differences, impact on local businesses. 28. A good or service purchased and brought in from another country. A) Negotiate. B) Trade. C) Import. D) Export. Show Answer Correct Answer: C) Import. 29. T or F:The World Trade Organization wants to eliminate import quotas A) Not applicable. B) True. C) False. D) Not mentioned. Show Answer Correct Answer: B) True. 30. Which item was our most valuable export to Japan in 2014? A) Cheese. B) Copper. C) Coal. D) Beef. Show Answer Correct Answer: C) Coal. 31. China, Japan, and Korea are lagging in developing aerospace because they are missing A) Natural and human resources. B) Domestic demand. C) Supporting industries. D) None of the above. Show Answer Correct Answer: C) Supporting industries. 32. The following are the forces driving globalization EXCEPT ..... A) Increase in and application of technology. B) Growth of consumer pressures. C) Increased global competition. D) People behaviour. Show Answer Correct Answer: D) People behaviour. 33. A multinational enterprise is not acting with social responsibility if it A) Installs anti-pollution controls more powerful than required by law. B) Hires host-country citizens and provides training. C) Introduces new products that support dominant religious beliefs of the host. D) Hires all employees from the home country labor force. Show Answer Correct Answer: D) Hires all employees from the home country labor force. 34. Which of the following is an example of a basic factor that a nation will possess as proposed by Porter? A) Communication infrastructure. B) Skilled labor. C) Natural resources. D) Technological knowledge. Show Answer Correct Answer: C) Natural resources. 35. When a country has the ability to produce more of a product relative to another country. A) Favorable Balance of Favorable Balance of Trade. B) Comparative Advantage. C) Positive Net Export. D) Absolute Advantage. Show Answer Correct Answer: D) Absolute Advantage. 36. ..... theory suggests that trade is a positive sum game A) The Heckscher-Ohlin theory. B) Theory of absolute advantage. C) New Trade theory. D) Theory of comparative advantage. Show Answer Correct Answer: D) Theory of comparative advantage. 37. The Civil Protection Compliance Certificate is a requirement to open a business at the level: A) International. B) Federal. C) State. D) Municipality. Show Answer Correct Answer: D) Municipality. 38. What does International Business refer to? A) Local business transactions. B) Only exporting goods to other countries. C) Trading services and goods in a worldwide market. D) Only importing goods from other countries. Show Answer Correct Answer: C) Trading services and goods in a worldwide market. 39. International trade requires funds to pay for goods and services through which two processes? A) Buying and Selling. B) Exporting and Importing. C) Bartering and Exchanging. D) Producing and Consuming. Show Answer Correct Answer: B) Exporting and Importing. 40. Which stage of internationalization typically begins with indirect exporting as firms test foreign markets? A) Stage 2-Primarily Domestic. B) Stage 4-Multinational Company. C) Stage 5-Global / Transnational. D) Stage 1-Purely Domestic. Show Answer Correct Answer: A) Stage 2-Primarily Domestic. 41. Which of the following is a risk associated with local market entry? A) Not overpaying for assets. B) Post-acquisition integration. C) Need for complementary local resources. D) Integration of multiple local units. Show Answer Correct Answer: C) Need for complementary local resources. 42. Which orientations most explicitly contrast home-country control with host-country autonomy? A) Geocentric versus Ethnocentric. B) Polycentric versus Regiocentric. C) Ethnocentric versus Polycentric. D) Regiocentric versus Geocentric. Show Answer Correct Answer: C) Ethnocentric versus Polycentric. 43. The matrix structure is considered the most complex organizational design in international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 44. A Manager who sees the whole world as a single market is instituting which international development strategy? A) Ethnocentric. B) Polycentric. C) Geocentric. D) Regio centric. Show Answer Correct Answer: C) Geocentric. 45. Which option best describes a foreign distributorship for a U.S. firm seeking limited investment? A) Licensee receives technology rights transfer. B) Distributor takes title and bears risk. C) Agent negotiates contracts for principal. D) Subsidiary maintains full operational control. Show Answer Correct Answer: B) Distributor takes title and bears risk. 46. The ..... shows all of the different positions a firm can adopt with regard to adding value to the product and low cost assuming the firm's internal operations are configured efficiently to support a particular position. A) Strategy convex. B) Strategic choice curve. C) Efficiency frontier. D) Experience curve. Show Answer Correct Answer: C) Efficiency frontier. 47. Sustainability in trade policy involves balancing which goals? A) Export promotion and patent litigation. B) Panel composition and dispute timelines. C) Judicial appointments and tariff setting. D) Economic growth and environmental protection. Show Answer Correct Answer: D) Economic growth and environmental protection. 48. An importing company must come to an agreement with the supplier on specific terms for purchase. This is known as a . A) Product Demand. B) Purchase Agreement. C) Free on Board. D) Product Agreement. Show Answer Correct Answer: B) Purchase Agreement. 49. The IMF was established in: A) 1961. B) 1944. C) 1955. D) 1973. Show Answer Correct Answer: B) 1944. 50. The countries often share a common currency. These country probably are the members of ..... A) EUROPEAN UNION. B) MERCOSUR. C) Andean Community. D) ASEAN. Show Answer Correct Answer: A) EUROPEAN UNION. 51. Which of the following is NOT a type of international business? A) Licensing. B) Export and Import. C) Retail Marketing. D) Foreign Direct Investment (FDI). Show Answer Correct Answer: C) Retail Marketing. 52. Countries use embargoes to ..... A) Give countries discounts on trading there. B) Punish other countries for doing something they don't like. C) Encourage trade with other countries. D) Do not affect trade between countries. Show Answer Correct Answer: B) Punish other countries for doing something they don't like. 53. Refers to the extent to which a country is endowed with such resources as land, labor, and capital. A) Comparative advantage. B) Factor endowments. C) Factors of production. D) None of the above. Show Answer Correct Answer: B) Factor endowments. 54. Economies of scale in global markets most directly help firms by A) Reducing product variety for customers. B) Lowering unit costs via larger output. C) Avoiding any political influences. D) Raising prices through scarcity. Show Answer Correct Answer: B) Lowering unit costs via larger output. 55. Commodities-A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 56. What does "transnational business" refer to? A) Businesses that only operate within their home country. B) Companies that transcend national borders and integrate operations. C) Businesses focusing solely on exports. D) Multinational corporations with no global strategy. Show Answer Correct Answer: B) Companies that transcend national borders and integrate operations. 57. There are two forms of direct foreign investment:wholly ventures and subsidiaries A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 58. Supports the premise that a nation could only gain from trade if it had a trade surplus, which is, more exporting than importing A) Heckscher-Ohlin (H.0.) Theory. B) Theory of Comparative Advantage. C) Mercantilism Theory. D) Theory of Absolute Advantage. Show Answer Correct Answer: C) Mercantilism Theory. 59. Refers to operations in one country that ire controlled by entities in a foreign country. A) Exporting. B) Foreign direct investment. C) Licensing. D) Franchising. Show Answer Correct Answer: B) Foreign direct investment. 60. If a person communicates indirectly and attaches little value to the literal meaning of words, their communication is A) Low-context. B) High-context. C) All the above. D) None of the above. Show Answer Correct Answer: B) High-context. ← 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