This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 43 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 43 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Explain the concept of franchising in international business. A) Franchising is a method of acquiring government contracts internationally. B) Franchising is a method of expanding a business internationally by allowing local operators to use the franchisor's brand and business model. C) Franchising involves selling products directly to consumers without a brand. D) Franchising is a way to invest in stocks of foreign companies. Show Answer Correct Answer: B) Franchising is a method of expanding a business internationally by allowing local operators to use the franchisor's brand and business model. 2. Platform elektronik untuk perdagangan saham di bursa Amerika yang juga menjadi indeks komposit saham teknologi AS disebut dengan ..... A) NYSE. B) JCI. C) NASDAQ. D) RUSSEL. Show Answer Correct Answer: C) NASDAQ. 3. What are some assumptions that need to be questioned when doing business internationally? A) Assuming the U.S. dollar will hold its value. B) Assuming you can pay employees any amount. C) Assuming the government will not mind opening another business. D) Assuming the local tastes and preferences are the same. Show Answer Correct Answer: C) Assuming the government will not mind opening another business. 4. Why does the United States need to import products? A) The US does not import products. B) Some are easier and cheaper to make in other countries. C) The US makes all of its own products. D) None of the above. Show Answer Correct Answer: B) Some are easier and cheaper to make in other countries. 5. A company that would like to build a golf course that could be played year round would need to consider which component of the international business environment? A) Economic. B) Political. C) Social. D) Environmental. Show Answer Correct Answer: D) Environmental. 6. Goods and services purchased abroad and brought into a country are called ..... A) Gross domestic products. B) Gross national products. C) Imports. D) Exports. Show Answer Correct Answer: C) Imports. 7. One seller controls the entire market for a product or service, usually government-regulated. A) Competition. B) Monopoly. C) Pure Competition. D) Oligopoly. Show Answer Correct Answer: B) Monopoly. 8. GATS covers which areas most directly? A) Agricultural subsidy ceilings. B) Patent examination procedures. C) Telecommunications and banking services. D) Tariff bindings on merchandise. Show Answer Correct Answer: C) Telecommunications and banking services. 9. Open trade in goods and services and free flow of foreign direct investment will enhance the well-being of which of the following groups? A) Consumers, producers, and the government. B) Only producers. C) Only the government. D) Only consumers. Show Answer Correct Answer: A) Consumers, producers, and the government. 10. Mengapa anak perusahaan asing dapat menjadi sumber pengetahuan dan keahlian yang berharga bagi perusahaan induk? A) Anak perusahaan asing dapat mengembangkan teknologi baru. B) Anak perusahaan asing dapat memberikan akses ke pasar internasional. C) Anak perusahaan asing dapat memahami dinamika pasar lokal. D) Anak perusahaan asing dapat memperbaiki hubungan dengan pemasok lokal. Show Answer Correct Answer: C) Anak perusahaan asing dapat memahami dinamika pasar lokal. 11. What Important event happened that led to the entry of foreign companies into India? A) Indian cricket team won the world cup in 1991. B) Amazon was founded and launched by Jeff Bezos. C) Manmohan Singh opened the Indian economy. D) The fall of the housing market. Show Answer Correct Answer: C) Manmohan Singh opened the Indian economy. 12. The theory of comparative advantage was first introduced by: A) Michael Porter. B) Raymond Vernon. C) Adam Smith. D) David Ricardo. Show Answer Correct Answer: D) David Ricardo. 13. What is a disadvantage of indirect distribution channels in international markets? A) Higher costs due to intermediaries. B) Difficulty in product adaptation. C) Ineffective pricing strategies. D) Limited reach to end consumers. Show Answer Correct Answer: A) Higher costs due to intermediaries. 14. Effective policy measures that promote Globalization which is not included A) Competitive Market. B) Bad Governance. C) Anticorruption Policies. D) Property Rights. Show Answer Correct Answer: B) Bad Governance. 15. What is Supply Chain Visibility? A) The transparency in pricing throughout the supply chain. B) The physical ability to see products in warehouses. C) Real-time tracking and transparency across the entire supply network. D) The visibility of supply chain costs to customers. Show Answer Correct Answer: C) Real-time tracking and transparency across the entire supply network. 16. What IS NOT one of the four factors that affect international business? A) Geographic Conditions. B) Economic Conditions. C) Political and legal factors. D) Cultural and Athletic standards. Show Answer Correct Answer: D) Cultural and Athletic standards. 17. When a foreign company builds a project and hands it over ready-to-use, it is called: A) Outsourcing. B) Exporting. C) Turnkey projects. D) Licensing. Show Answer Correct Answer: C) Turnkey projects. 18. The ..... was a multilateral agreement whose objective was to liberalize trade by eliminating tariffs, subsidies, import quotas and the like A) International tariff treaty. B) WTO. C) Protetionist agreement. D) GATT. Show Answer Correct Answer: D) GATT. 19. Firms that enter new markets can benefit from economies of scale and diversified revenue streams. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. ..... occurs when two parties agree to exchange currency and execute the deal at some specific date in the future. A) Spot currency exchange. B) Forward exchange. C) Currency arbitrage. D) Restricted trade. Show Answer Correct Answer: B) Forward exchange. 21. Which Hofstede dimension assesses the extent to which less powerful members of organizations and institutions expect and accept that power is distributed unequally? A) Uncertainty Avoidance. B) Individualism-Collectivism. C) Power Distance. D) Masculinity-Femininity. Show Answer Correct Answer: C) Power Distance. 22. Which countries are founding members of the Andean Community? A) Colombia, Peru, Ecuador, Bolivia. B) Argentina, Brazil, Chile. C) Mexico, Guatemala, Costa Rica. D) Venezuela, Paraguay, Uruguay. Show Answer Correct Answer: A) Colombia, Peru, Ecuador, Bolivia. 23. Looking at someone's forehead or shoulders rather than at the eyes A) Shura. B) Indirect Eye Contact. C) Nonverbal Signal. D) Emirate. Show Answer Correct Answer: B) Indirect Eye Contact. 24. When designing a marketing plan, companies should start with which of the following? A) Profit Goals. B) Customers. C) Competitor Analysis. D) The Supply Chain. Show Answer Correct Answer: B) Customers. 25. What is a key criticism of bilateral trade and investment agreements? A) They reduce bargaining power of large markets. B) They increase trade diversion. C) They promote global free trade. D) They eliminate fragmented rules. Show Answer Correct Answer: B) They increase trade diversion. 26. What does the World Trade Organization (WTO) enforce and regulate among its member countries? A) Global trade rules. B) Environmental regulations. C) Domestic economic policies. D) Immigration and citizenship. Show Answer Correct Answer: A) Global trade rules. 27. Which of the following is a major benefit of engaging in free trade? A) It helps to reduce the financial volatility in global markets. B) It helps the countries protect the jobs that are available to their citizens. C) It gives countries access to products that they cannot produce. D) It allows the governments to exert more control on businesses. Show Answer Correct Answer: C) It gives countries access to products that they cannot produce. 28. All commercial transactions, both private and public between nations of the world A) International business. B) Outsourcing. C) Offshoring. D) Trade. Show Answer Correct Answer: A) International business. 29. How does cultural diversity impact decision-making in International Business? A) It limits creativity in decision-making. B) It leads to more informed decisions. C) It hinders decision-making processes. D) It has no effect on decision-making. Show Answer Correct Answer: B) It leads to more informed decisions. 30. Which of the following is a major flaw associated with mercantilism? A) Mercantilists do not support government intervention in trade. B) Mercantilists view trade as a zero-sum game. C) Mercantilists recommend policies to maximize imports. D) Mercantilists recommend countries to maintain a negative trade balance. Show Answer Correct Answer: B) Mercantilists view trade as a zero-sum game. 31. Purchasing the right to use a business process in a specific way ex. McDonald's, Burger King, KFC and Pizza Hut * * A) Joint venture. B) Franchising. C) Licensing. D) Infrastructure. Show Answer Correct Answer: B) Franchising. 32. How does international trade lead to specialization? A) By discouraging the production of different goods in different countries. B) By promoting the production of goods with the highest production costs. C) By restricting the production of goods to a few select industries. D) By encouraging the division of labor and production of different goods in different countries. Show Answer Correct Answer: D) By encouraging the division of labor and production of different goods in different countries. 33. Salah satu efek dari deregulasi pasar modal secara global adalah mengakibatkan negara yang kurang kuat secara ekonomi beresiko untuk tumbang karena ..... A) Ketidakefisienan Negara Tersebut dalam Mengelola Modal. B) Aliran Modal Asing yang Bersifat Spekulatif. C) Perbedaan Tingkat Informasi dan Pengetahuan Keuangan. D) Kurangnya Ketertarikan Asing Terhadap Pasar Modal Negara Tersebut. Show Answer Correct Answer: B) Aliran Modal Asing yang Bersifat Spekulatif. 34. The speaker mentioned that the Dutch sense of humor is often blunt, direct, and sexually connotated. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 35. Which of the following is an example of protectionism? A) Offering subsidies to domestic industries. B) Promoting free trade agreements. C) Removing non-tariff barriers. D) Lowering import duties. Show Answer Correct Answer: A) Offering subsidies to domestic industries. 36. What are the dimensions of globalization? A) Economic, political, and environmental. B) Cultural, technological, and social. C) Economic, cultural, political, and technological. D) Social, technological, and legal. Show Answer Correct Answer: C) Economic, cultural, political, and technological. 37. Which of the following is NOT one of the Four Asian Tigers known for high economic growth? A) Taiwan. B) Japan. C) South Korea. D) Hong Kong. Show Answer Correct Answer: B) Japan. 38. Strategy to get A in PBS3233 A) Flattering with lecturer. B) Hardworking. C) Answer all assessment correctly. D) Doing the best in final exam. Show Answer Correct Answer: C) Answer all assessment correctly. 39. Bob is a journalist who intends to spend the next five months exploring Konesia. In order to be able to fit in with the locals, he studies their culture in detail. He familiarizes himself with their tastes and preferences, takes note of their taboos, and memorizes many of their sayings and phrases. Which of the following terms best describes his actions? A) Cultural imperialism. B) Material culture. C) Cultural literacy. D) Popular culture. Show Answer Correct Answer: C) Cultural literacy. 40. What is the primary focus of International Management? A) Global business operations. B) Domestic market expansion. C) Local business strategies. D) Financial management. Show Answer Correct Answer: A) Global business operations. 41. What is cross-border e-commerce and how has it evolved? A) Cross-border e-commerce is the online trade of goods and services across international borders, evolving through technology, globalization, and improved logistics. B) Cross-border e-commerce has not changed since the 1990s. C) Cross-border e-commerce is limited to domestic sales. D) It refers to the physical movement of goods only within a country. Show Answer Correct Answer: A) Cross-border e-commerce is the online trade of goods and services across international borders, evolving through technology, globalization, and improved logistics. 42. What do governments aim to achieve by formulating trade policies? A) To regulate domestic industries. B) To enforce strict immigration laws. C) To control environmental regulations. D) To protect domestic industries and promote exports. Show Answer Correct Answer: D) To protect domestic industries and promote exports. 43. Which trade policy instrument imposes a tax on imported goods to protect local industries? A) Subsidies on domestic firms. B) Tariffs on foreign goods. C) Voluntary export limits. D) Local content mandates. Show Answer Correct Answer: B) Tariffs on foreign goods. 44. When discussing culture, the focus is on individuals rather than groups of people. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 45. What are the different types of joint ventures? A) Equity joint ventures:Involves two or more parties contributing capital to the venture. B) Contractual joint ventures:Involves two or more parties collaborating on a project without forming a separate legal entity. C) Strategic alliances:Partnerships formed to achieve specific goals, such as research and development or marketing. D) All of the above. Show Answer Correct Answer: D) All of the above. 46. What is a key advantage of being a first mover in a new foreign market? A) Lower initial investment costs. B) The ability to capture demand ahead of competitors. C) Guaranteed long-term success. D) Avoiding the need to learn about the market. Show Answer Correct Answer: B) The ability to capture demand ahead of competitors. 47. When the goods have been loaded on the ship then the captain of the ship gives a receipt of receiving the goods which is called ..... A) Mate's Receipt. B) Railway Receipt. C) Shipping Bill. D) Shipping Order. Show Answer Correct Answer: A) Mate's Receipt. 48. Arsitektur organisasi terpusat dalam bisnis internasional ditandai dengan: A) Struktur organisasi yang fleksibel dan terdesentralisasi. B) Pengambilan keputusan yang sentral di markas besar perusahaan. C) Otonomi tinggi bagi unit bisnis lokal. D) Aliansi strategis dengan perusahaan lokal. Show Answer Correct Answer: B) Pengambilan keputusan yang sentral di markas besar perusahaan. 49. What is a business called that sells goods to foreign countries? A) Exporting business. B) Importing business. C) Associated business. D) Multinational enterprise. Show Answer Correct Answer: A) Exporting business. 50. Franchising differs from licensing in the sense that it usually requires the franchisee to follow much stricter guidelines in running the business than does licensing. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 51. Why do workers benefit from international trade? A) Real wages have risen. B) Export wages have risen. C) They have more options as consumers. D) Trade creates greater employment opportunity. Show Answer Correct Answer: C) They have more options as consumers. 52. What are the benefits of FDI to home countries? A) FDI benefits home countries by boosting economic growth, creating jobs, enhancing competitiveness, fostering innovation, and improving trade balances. B) FDI harms home countries by reducing local investments. C) FDI leads to job losses and economic decline. D) FDI decreases innovation and trade opportunities. Show Answer Correct Answer: A) FDI benefits home countries by boosting economic growth, creating jobs, enhancing competitiveness, fostering innovation, and improving trade balances. 53. In 1979, the Shah of Iran was overthrown and a new government was established. This government immediately seized control of all US companies and assets in Iran. This is an example of A) Expropriation. B) Commercial Risk. C) Privatization. D) Granting most favored nation status. Show Answer Correct Answer: A) Expropriation. 54. Business across several countries with some decentralization of management decision making to subsidiaries is A) Multi-regional business. B) Multinational business. C) Transnational business. D) Global business. Show Answer Correct Answer: C) Transnational business. 55. Fenomena Big Bang di Inggris yang mengakibatkan runtuhnya batasan-batasan antara perbankan dan broker saham dan membuka gerbang pasar modal Inggris menuju dunia internasional terjadi pada ..... A) Deember 1966. B) Oktober 1968. C) Desember 1980. D) Oktober 1986. Show Answer Correct Answer: D) Oktober 1986. 56. What is liquidity? A) A type of international loan agreement. B) The profit margin on international sales. C) The ease with which assets can be converted to cash. D) The process of converting foreign currency. Show Answer Correct Answer: C) The ease with which assets can be converted to cash. 57. Which theory explains that a nation's competitiveness depends on factor conditions, demand conditions, related and supporting industries, and firm rivalry? A) Internalization Theory. B) Absolute Advantage Theory. C) Product Life Cycle Theory. D) Porter's Diamond Theory. Show Answer Correct Answer: D) Porter's Diamond Theory. 58. What are the risks associated with foreign exchange management? A) Market volatility risk. B) The risks associated with foreign exchange management include currency risk, interest rate risk, credit risk, liquidity risk, and operational risk. C) Technological advancement risk. D) Regulatory compliance risk. Show Answer Correct Answer: B) The risks associated with foreign exchange management include currency risk, interest rate risk, credit risk, liquidity risk, and operational risk. 59. Global Standardization Strategy only focuses in increasing profitability. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 60. This refers to the reductions in unit cost achieved by producing a large volume of product A) Learning effects. B) A global web. C) Experience curve. D) Economies of scale. Show Answer Correct Answer: D) Economies of scale. ← 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