This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The theories of Smith and Ricardo show that countries should not engage in international trade for products that it is able to produce for itself. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 2. Which of the following would be a standard franchise issue to consider? A) Contract manufacturing. B) Foreign direct investment. C) Compliance with permanent laws. D) None of the above. Show Answer Correct Answer: C) Compliance with permanent laws. 3. Trade barriers can include ..... , tariffs, and embargos. A) Bans. B) Quotas. C) Limitations. D) None of the above. Show Answer Correct Answer: B) Quotas. 4. UNIT 3:ABOUT WHERE YOU WORK'dialogue'My office is ..... the sixth floor. A) In. B) On. C) At. D) Where. Show Answer Correct Answer: A) In. 5. Outsourcing involves delegating specific business functions or processes to external service providers, which can be located domestically or internationally. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 6. What characterizes a multi-centered MNE? A) Decentralized decision-making and control. B) Centralized decision-making and control. C) Emphasizes global standardization. D) Focuses solely on exporting products. Show Answer Correct Answer: A) Decentralized decision-making and control. 7. Which of the following refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country? A) Offshoring. B) Free trade. C) Economic patriotism. D) Protectionism. Show Answer Correct Answer: B) Free trade. 8. Which of the following options is a disadvantage for the franchisor? A) A good opportunity to build a visible business. B) Less capital investment. C) Failure will damage your brand. D) None of the above. Show Answer Correct Answer: C) Failure will damage your brand. 9. Apa tujuan dari "Administrative Policies" dalam kebijakan perdagangan? A) Memberikan subsidi kepada eksportir. B) Menghapuskan kuota impor. C) Mengatur prosedur impor dan ekspor. D) Meningkatkan tarif impor. Show Answer Correct Answer: C) Mengatur prosedur impor dan ekspor. 10. How do firms benefit from committing resources to foreign markets according to the network internationalization model? A) They avoid learning from network partners. B) They create international networks and learn from network partners. C) They only focus on domestic expansion. D) They reduce their resource commitment over time. Show Answer Correct Answer: B) They create international networks and learn from network partners. 11. If countries were to trade along the lines of comparative advantage: A) A would export X to B. B) A would export Y to B. C) Neither country would want to trade. D) None of the above. Show Answer Correct Answer: A) A would export X to B. 12. A joint venture creates a separate legal entity jointly owned by partners and can reduce political risk in certain host countries. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 13. Which of the following are the branches of international finance? A) Foreign trade international franchises, international finance. B) Domestic trade, international tourism technology transfer. C) Finance, international tourism, technology transfer. D) None of the above. Show Answer Correct Answer: A) Foreign trade international franchises, international finance. 14. Factor endowment theory given by: A) Michael E. Porter. B) Eli Heckscher & Bertil Ohlin. C) John H. Dunning. D) David Ricardo. Show Answer Correct Answer: B) Eli Heckscher & Bertil Ohlin. 15. As internet access and adoption are rapidly increasing around the globe, the number of digital buyers worldwide keeps climbing every year. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. Sustainability refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 17. ..... duties are confined agricultural products. A) Compound duty. B) Protective duty. C) Specific duties. D) Seasonal duties. Show Answer Correct Answer: D) Seasonal duties. 18. What does universal needs mean? A) Needs that are the same all over the world, such as steel, bulk chemicals, industrial electronics. B) Economics and political demands imposed by host-country governments may require local responsiveness. C) Creating value by discovering consumer needs. D) Skills that competitors cannot easily match or imitate. Show Answer Correct Answer: A) Needs that are the same all over the world, such as steel, bulk chemicals, industrial electronics. 19. Which of the following factors is NOT considered in the economic environment? A) GDP Growth. B) Inflation rates. C) Political stability. D) Per Capita Income. Show Answer Correct Answer: C) Political stability. 20. Fill in the blank"STEP 1:Identify org.'s current ..... , objective & strategies" A) Challenge. B) Mission. C) Goal. D) Suceed. Show Answer Correct Answer: B) Mission. 21. What is currency risk management? A) Strategies to increase the impact of exchange rate fluctuations on financial transactions or investments. B) Techniques to completely eliminate the impact of exchange rate fluctuations on financial transactions or investments. C) Methods to maximize profits from exchange rate fluctuations. D) Strategies and techniques to mitigate the impact of exchange rate fluctuations on financial transactions or investments. Show Answer Correct Answer: D) Strategies and techniques to mitigate the impact of exchange rate fluctuations on financial transactions or investments. 22. Increased trade and foreign direct investment generate tax revenue for governments, which can be used for what purpose? A) Tax revenue can be used to fund public services and infrastructure development. B) Tax revenue can be used to increase private company profits. C) Tax revenue can be used to reduce international trade barriers. D) Tax revenue can be used to subsidize foreign competitors. Show Answer Correct Answer: A) Tax revenue can be used to fund public services and infrastructure development. 23. Gathered data directly from the company by using surveys, interviews, and/or focus groups. A) Marketing Research. B) New product development. C) Primary Data. D) Secondary Data. Show Answer Correct Answer: C) Primary Data. 24. How does cultural diversity impact international business? A) Cultural diversity only impacts international business in terms of food and cuisine preferences. B) Cultural diversity only impacts international business in terms of language barriers. C) Cultural diversity has no impact on international business. D) Cultural diversity impacts international business by influencing communication styles, negotiation tactics, and consumer preferences. Show Answer Correct Answer: D) Cultural diversity impacts international business by influencing communication styles, negotiation tactics, and consumer preferences. 25. How does culture impact marketing in international business? A) By influencing the pricing strategies. B) By affecting product design and advertising messages. C) By determining the legal requirements for business operations. D) By controlling the supply chain logistics. Show Answer Correct Answer: B) By affecting product design and advertising messages. 26. True or False:Without foreign trade many of the things we buy would cost more or not be available A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 27. Which type of financing may exclude certain products or services? A) Bank Loans. B) Importer Payment in Advance. C) Letters of Credit. D) Export Credits. Show Answer Correct Answer: D) Export Credits. 28. Foreign trade involves payments in foreign currency? A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 29. Flowers should be given in uneven numbers and unwrapped in ..... A) Korea. B) Germany. C) New Zealand. D) China. Show Answer Correct Answer: B) Germany. 30. The definition of the exchange rate of a currency is: A) The rate at which imports can be bought from export revenue. B) The price of one currency in terms of how much it buys of another. C) The price level in the country. D) The price of a currency in terms of the goods that can be bought with it. Show Answer Correct Answer: B) The price of one currency in terms of how much it buys of another. 31. What is a trade deficit? A) The total flow of money into a country minus the total flow of money out of that country. B) A positive balance of trade. C) A negative balance of trade. D) The ability to produce a specific product more efficiently than any other nation. Show Answer Correct Answer: C) A negative balance of trade. 32. A customer service representative is a product created by what type of resource? A) Capital. B) Land. C) Labor. D) None of the above. Show Answer Correct Answer: C) Labor. 33. Which of the following is NOT a key part of the international business environment? A) Geography. B) Political & Legal. C) Marketing. D) Culture. Show Answer Correct Answer: C) Marketing. 34. What is the main goal of "Logistics" ? A) To increase transportation costs. B) To improve the company's image. C) To optimize the distribution and storage of products. D) To simplify the purchasing process. Show Answer Correct Answer: C) To optimize the distribution and storage of products. 35. UNIT 1:ABOUT YOUDIALOGUEA:Where are you from?B: ..... A) I work as a manager at the International Bank. B) I work for the International Bank, in Bangkok. C) I'm from Bangkok, Thailand. D) I'm from manager the office in Bangkok. Show Answer Correct Answer: B) I work for the International Bank, in Bangkok. 36. You email a supplier asking "Can you confirm?" They reply: "Yes." What is the problem? A) Wrong tone. B) No written proof. C) Unclear what is confirmed. D) One word response. Show Answer Correct Answer: C) Unclear what is confirmed. 37. Is relevant because it is considered to contribute to an individual's quality of life A) Standard of Metrics. B) Standard of Living. C) Standard of Weights and Tariffs. D) Standard of Taxes. Show Answer Correct Answer: B) Standard of Living. 38. What does a tariff refer to? A) A partnership formed to create competitive advantage. B) A firm that operates on a worldwide scale. C) Taxes on imports and occasionally exports. D) A certain amount must be imported from another country. Show Answer Correct Answer: C) Taxes on imports and occasionally exports. 39. Which of the following describes the political and legal environment in international business? A) The influence of technology on trade. B) The impact of government policies and regulations. C) The cultural differences affecting business practices. D) The availability of natural resources. Show Answer Correct Answer: B) The impact of government policies and regulations. 40. A country's ..... is defined as the difference between money that goes into and out of the country. A) Balance of money. B) Balance of trade. C) Balance of power. D) Balance of payments. Show Answer Correct Answer: D) Balance of payments. 41. The culture in some businesses does encourage people to think through the ethical consequences of business decisions. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 42. What is the main benefit of franchising for the franchise owner? A) They can access global markets without large investments. B) They retain full control over the brand. C) They avoid sharing profits. D) They can import goods easily. Show Answer Correct Answer: A) They can access global markets without large investments. 43. Capitalistic, communistic and mixed are the types of A) Political system. B) Social system. C) Economic system. D) Cultural attitude. Show Answer Correct Answer: C) Economic system. 44. Low-cost global communications networks and global media contribute to: A) The reduction of international trade barriers. B) The creation of a worldwide culture and a global market for consumer products. C) The need for firms to limit production to local markets. D) The decline of international business activities. Show Answer Correct Answer: B) The creation of a worldwide culture and a global market for consumer products. 45. A company adapting its products to suit local tastes is an example of: A) Global standardization strategy. B) Multidomestic strategy. C) Centralized production. D) Cost leadership strategy. Show Answer Correct Answer: B) Multidomestic strategy. 46. According to Adam Smith, A country should specialize in the production of a good when it has ..... A) An absolute advantage in the production of the good. B) A strong domestic demand for the good. C) The ability to help country increase its national output. D) The necessary raw materials for production. Show Answer Correct Answer: A) An absolute advantage in the production of the good. 47. Tourism received by a certain country A) Receptive tourism. B) Border tourism. C) All the above. D) None of the above. Show Answer Correct Answer: A) Receptive tourism. 48. South Korea, Taiwan, Hong Kong, and Singapore are all examples of the A) Pacific Reef. B) Pacific Reach. C) Pacific Rim. D) Pacific Railway. Show Answer Correct Answer: C) Pacific Rim. 49. What is the meaning of the term 'exchange rate'? A) The rate at which goods and services are exchanged between countries. B) The rate at which interest is exchanged between banks. C) The value of one currency in relation to another currency. D) The rate at which stocks and bonds are traded on the stock exchange. Show Answer Correct Answer: C) The value of one currency in relation to another currency. 50. Businesses seeking funding for expansion and growth can approach private equity firms and ..... that invest in promising ventures. A) Suppliers. B) Retailers. C) Venture capitalists. D) Accountants. Show Answer Correct Answer: C) Venture capitalists. 51. Discuss the concept of licensing as a mode of foreign market entry. A) Licensing allows a company in one country to grant certain rights to a company in another country in exchange for royalties or other compensation. B) Licensing is a method of selling products directly to consumers. C) Licensing is a type of driver's permit. D) Licensing is a form of currency exchange. Show Answer Correct Answer: A) Licensing allows a company in one country to grant certain rights to a company in another country in exchange for royalties or other compensation. 52. White Colour Bill of Entry is for: A) Warehousing. B) Ex-bond Bill of Entry. C) Home Consumption. D) None of these. Show Answer Correct Answer: C) Home Consumption. 53. Are the stakeholders affected on the managers decision on ethical issue? A) Maybe!. B) I don't know?. C) Yes!. D) No!. Show Answer Correct Answer: C) Yes!. 54. International business refers to ..... A) Global. B) Transactional. C) Both a & b. D) None of them are true. Show Answer Correct Answer: C) Both a & b. 55. An organization or enterprising entity engaged in commercial, industrial, or professional activities. A) Licensing. B) Goods or services. C) Business. D) International business. Show Answer Correct Answer: C) Business. 56. If one company takes over another company (the purchase of one company by another) and establishes itself as the new owner (no new company is formed) what is type of the corporate's strategy? A) Acquisition. B) Merger. C) New opening. D) Joint venture. Show Answer Correct Answer: A) Acquisition. 57. Which organization is primarily responsible for resolving trade disputes between member nations? A) World Bank. B) OECD. C) IMF. D) WTO. Show Answer Correct Answer: D) WTO. 58. What are the main drivers of international trade? A) Government regulations. B) Supply and demand, comparative advantage, and economies of scale. C) Tariffs and trade barriers. D) Currency exchange rates. Show Answer Correct Answer: B) Supply and demand, comparative advantage, and economies of scale. 59. Pressure for cost reduction is greatest in some condition, except ..... A) Pricing wars. B) Major competitors are in high-cost location. C) Excess capacity. D) Products are of universal needs. Show Answer Correct Answer: B) Major competitors are in high-cost location. 60. What is a benefit of entering new markets? A) Brand exploitation. B) Increased expenses. C) Lower revenue. D) Decreased market share. Show Answer Correct Answer: A) Brand exploitation. ← 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 6Class 11 Business Studies Chapter 10 International Business Quiz 7Class 11 Business Studies Chapter 10 International Business Quiz 8Class 11 Business Studies Chapter 10 International Business Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books