This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 44 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 44 (43 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. More expansion of foreign direct investment can boost A) Money circulation. B) Unemployment. C) Employment. D) Demand. Show Answer Correct Answer: C) Employment. 2. A Multi-National Corporation (MNC) is best described as a company that: A) Exports products to at least one foreign country. B) Owns or controls production/service facilities in more than one country. C) Has a website accessible globally. D) Employs people from different nationalities in its home office. Show Answer Correct Answer: B) Owns or controls production/service facilities in more than one country. 3. SMEs in the US are firms with fewer than 250 employees. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 4. Pasar Modal pada tahun 2019 mencatatkan ukuran ..... kali lebih besar daripada ekonomi dunia A) 2. B) 4. C) 5. D) 3. Show Answer Correct Answer: B) 4. 5. Pihak-Pihak yang membutuhkan pemodalan dalam pasar modal adalah sebagai berikut, kecuali ..... A) Perusahaan. B) Pemerintah. C) Asuransi. D) Individu. Show Answer Correct Answer: C) Asuransi. 6. Which of the following lists the FOUR subaccounts that add up to give the current account balance? A) Goods, Capital, Financial, Services. B) Goods, Services, Capital, Financial. C) Goods, Services, Income, Current Transfers. D) Income, Financial, Capital, Transfers. Show Answer Correct Answer: C) Goods, Services, Income, Current Transfers. 7. The speaker mentioned stereotypes associated with the Dutch, including the color orange and the red light district in Amsterdam. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 8. ..... is (are) all goods and services produced or based in one country that are sold abroad. A) Exports. B) Imports. C) Necessities. D) Global Licensing. Show Answer Correct Answer: A) Exports. 9. The standard of something as measured against other things of a similar kind; the degree of excellence of something. A) Process. B) Procedures. C) Quality. D) Distribution and delivery. Show Answer Correct Answer: C) Quality. 10. Which entry mode involves granting another firm the right to produce and sell your product in exchange for a fee? A) Exporting. B) Franchising. C) Licensing. D) Joint Venture. Show Answer Correct Answer: C) Licensing. 11. According to the absolute advantage theory, a country should specialize in producing goods that it can produce with A) Less resources or at a lower cost. B) No resources or at no cost. C) More resources or at a higher cost. D) Equal resources or at an equal cost. Show Answer Correct Answer: A) Less resources or at a lower cost. 12. How do exchange rates affect international trade? A) Exchange rates influence the cost of exports and imports, impacting international trade dynamics. B) Exchange rates are determined solely by government policies. C) Exchange rates only affect domestic markets. D) Exchange rates have no impact on trade agreements. Show Answer Correct Answer: A) Exchange rates influence the cost of exports and imports, impacting international trade dynamics. 13. Which agency was established to lend money to the governments of troubled states? A) FDI. B) IMF. C) GATT. D) WTO. Show Answer Correct Answer: B) IMF. 14. The WTO replaced GATT in 1995 as the main international organization for regulating trade. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 15. An Indian company buying shares of a U.S.-listed company without seeking managerial control is an example of: A) FDI. B) FPI. C) Joint venture. D) Strategic alliance. Show Answer Correct Answer: B) FPI. 16. How can internationalization be viewed according to process models? A) As a single decision made at the start of expansion. B) As a sequence of inter-related expansion decisions over time. C) As only technology licensing. D) As only brand licensing. Show Answer Correct Answer: B) As a sequence of inter-related expansion decisions over time. 17. Makes imported goods more expensive A) Quota. B) Tariff. C) Embargo. D) None of the above. Show Answer Correct Answer: B) Tariff. 18. Why are emerging markets attractive for FDI? A) They have stable legal systems. B) They are only suitable for small businesses. C) They offer growth opportunities despite infrastructure challenges. D) None of the above. Show Answer Correct Answer: C) They offer growth opportunities despite infrastructure challenges. 19. What is Import Trade? A) The re-export of goods from a third country. B) The sale of goods to a foreign country. C) The purchase or buying of goods or services from a foreign country for consumption in the importing country. D) The export of goods from one country to another. Show Answer Correct Answer: C) The purchase or buying of goods or services from a foreign country for consumption in the importing country. 20. Which theory suggests that countries should specialize in producing goods and services they are most efficient at and then trade with other countries for goods and services they lack efficiency in producing? A) Absolute Advantage Theory. B) Mercantilism Theory. C) Protectionism Theory. D) Comparative Advantage Theory. Show Answer Correct Answer: A) Absolute Advantage Theory. 21. In CIF, what costs are included in the seller's responsibility? A) Only product cost. B) Cost, insurance, and freight. C) Delivery to final destination only. D) Import taxes. Show Answer Correct Answer: B) Cost, insurance, and freight. 22. What is the impact of technology on global business? A) Reduction in innovation. B) Isolation from global markets. C) Decreased competition. D) Increased efficiency. Show Answer Correct Answer: D) Increased efficiency. 23. By offering the same basic product worldwide, firms help to create a global market. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 24. When dealing with a MNC, the parent company is usually in the: A) HOME COUNTRY. B) HOST COUNTRY. C) FOREIGN COUNTRY. D) None of the above. Show Answer Correct Answer: A) HOME COUNTRY. 25. When countries make intensive use of locally scarce factors, they should ..... that product. A) Produce. B) Import. C) Specialize. D) Export. Show Answer Correct Answer: B) Import. 26. SMIEs are defined as: A) Local enterprises only. B) Small and medium firms engaged in international trade. C) Large MNEs with global operations. D) State-owned companies. Show Answer Correct Answer: B) Small and medium firms engaged in international trade. 27. Nearshoring is relocating activities to distant countries to save costs. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 28. Which of the following trade theories divides the nations of the world into three categories? A) Factor endowment. B) National competitive advantage of industries. C) Strategic trade. D) Product life cycle. Show Answer Correct Answer: D) Product life cycle. 29. O gain a trade advantage a country should specialize in products or services that it can provide more efficiently than other countries. A) Balance of Trade. B) Comparative Advantage. C) All the above. D) None of the above. Show Answer Correct Answer: B) Comparative Advantage. 30. Which of these is an international marketing strategy? A) Selling identical products in every country. B) Adapting products to fit local tastes. C) Using only one supply chain for all countries. D) Avoiding global advertising. Show Answer Correct Answer: B) Adapting products to fit local tastes. 31. Which of the following is NOT a typical form of international business involvement? A) Providing loans. B) Selling exclusively to domestic markets. C) Ownership of companies. D) Formal partnerships. Show Answer Correct Answer: B) Selling exclusively to domestic markets. 32. MNC stands for ..... A) Multi-National Collaboration. B) Multi-National Corporation. C) Multi-National Cooperation. D) Multi-National Company. Show Answer Correct Answer: B) Multi-National Corporation. 33. What is the main concept behind Globalization of Markets? A) Promoting local products only. B) Imposing trade barriers. C) Merging separate national markets into a global market. D) Creating distinct national markets. Show Answer Correct Answer: C) Merging separate national markets into a global market. 34. Is there an international transfer of technology? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 35. ..... is an agreement between the nations often multiple nation that allows certain goods and services flow across the border. A) Free trade. B) Domestic trade. C) Global. D) None of the above. Show Answer Correct Answer: A) Free trade. 36. A software company uses APIs to allow its customer relationship management system to automatically sync with its accounting software, eliminating manual data entry. This situation is an example of ..... ? A) Process automation. B) Digital transformation. C) System integration. D) Cloud migration. Show Answer Correct Answer: C) System integration. 37. An informal contract may be made with or without writing. This is also termed as bargain or simple contract. A) YES. B) NO. C) All the above. D) None of the above. Show Answer Correct Answer: A) YES. 38. This word comes from the base "busy" + ness, or the act of being busy with money, financial, transactions, sales, and purchasing. A) Quota. B) Business. C) Resource. D) Currency. Show Answer Correct Answer: B) Business. 39. The difference between a country's total exports and total imports is called A) Balance of Trade. B) Balance of Payments. C) All the above. D) None of the above. Show Answer Correct Answer: A) Balance of Trade. 40. The difference between imports and exports is called ..... A) Balance of Trade. B) Loss. C) Balance of Power. D) Trade Deficit. Show Answer Correct Answer: A) Balance of Trade. 41. What do environmental factors evaluate on the footprint left by a firm on its surroundings? A) None of the above. B) Direct and indirect cost. C) Regulatory compliance. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 42. Which of the following allows companies to raise funds through international capital markets by issuing bonds or stocks to global investors? A) Export Credit Agencies. B) International Capital Markets. C) Private Equity and Venture Capital. D) Multilateral Development Banks. Show Answer Correct Answer: B) International Capital Markets. 43. Diantara Tahun 1964 hingga 1990, berapa persen pengurangan yang terjadi pada biaya rill dari perekaman, pengiriman dan pemrosesan informasi? A) 0.65. B) 0.85. C) 0.95. D) 0.75. Show Answer Correct Answer: C) 0.95. ← PreviousRelated 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