This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 6 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which Indian industries have been hit by globalisation? A) Cement. B) Information technology. C) Toy making. D) Jute. Show Answer Correct Answer: C) Toy making. 2. Describe one theory of international trade. A) Theory of Absolute Advantage. B) Theory of Demand and Supply. C) Theory of Market Equilibrium. D) Theory of Comparative Advantage. Show Answer Correct Answer: D) Theory of Comparative Advantage. 3. Why are regional trade agreements often not very effective for developing countries? A) Main export markets are outside the region. B) They eliminate all tariffs. C) They provide unlimited financial assistance. D) They guarantee infrastructure development. Show Answer Correct Answer: A) Main export markets are outside the region. 4. In which stage of going global would a company separate their production process and focus each activity in the most advantageous location? A) Value chain re-engineering. B) Creation of new markets. C) Product specialization. D) Value chain disaggregation. Show Answer Correct Answer: D) Value chain disaggregation. 5. Securitization of international position means ..... : A) CONSOLIDATION, TO GAIN high market share without targeting leader position. B) Withdraw from the markets where company is generating permanent loss. C) To create financial surplus and exploitation of the market. D) Achieve the leading position on the market. Show Answer Correct Answer: C) To create financial surplus and exploitation of the market. 6. This trade agreement involves Canada, USA and Mexico. A) CUSMA. B) NAFTA. C) MERCOSUR. D) GATT. Show Answer Correct Answer: A) CUSMA. 7. ..... allow for global competition in retail A) E-commerce. B) Business. C) Firm. D) Domestic. Show Answer Correct Answer: A) E-commerce. 8. A limit on the amount of a good that can be imported. A) Import quota. B) Export quota. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import quota. 9. You don't need to state the names and job titles of the team members in the negotiation plan. True or false? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 10. Which metaphor by Adam Smith describes social well-being resulting from individual actions? A) The "invisible price" concept. B) The "invisible bowl" concept. C) The "invisible market" concept. D) The "invisible hand" concept. Show Answer Correct Answer: D) The "invisible hand" concept. 11. Arsitektur organisasi yang efektif harus mencerminkan dan mendukung: A) Fokus keuangan perusahaan. B) Lingkungan bisnis lokal. C) Kebutuhan pasar global. D) Kebijakan perdagangan internasional. Show Answer Correct Answer: C) Kebutuhan pasar global. 12. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'I don't know ..... (the Finance Director, Mr. Boyce) very well. A) Us. B) They. C) Me. D) Him. Show Answer Correct Answer: D) Him. 13. The companies having business in a large number of countries around the world at present are called A) Global Corporations(GC). B) Transitional Companies (TNC). C) Multinational Enterprises (MNE). D) Multi National Companies (MNC). Show Answer Correct Answer: A) Global Corporations(GC). 14. When facing ethical dilemmas in international business, what is one of the questions that should be asked? A) Is the action legal?. B) Who will know?. C) Wil I get into trouble?. D) Should I tell someone?. Show Answer Correct Answer: A) Is the action legal?. 15. What characterizes a global strategy? A) High integration and standardization. B) Extensive customization for local markets. C) Balancing global efficiency and local responsiveness. D) Minimal adaptation in foreign markets. Show Answer Correct Answer: A) High integration and standardization. 16. What are the different modes of entry into international markets? A) Importing, outsourcing, mergers and acquisitions, strategic alliances, and indirect investment. B) Licensing, exporting, outsourcing, strategic alliances, and indirect investment. C) Exporting, licensing, franchising, joint ventures, and direct investment. D) Franchising, exporting, outsourcing, mergers and acquisitions, and indirect investment. Show Answer Correct Answer: C) Exporting, licensing, franchising, joint ventures, and direct investment. 17. What strategies did Netflix implement to mitigate the risks involved in entering a new market? A) Increased advertising budget. B) Reduced subscription fees. C) Localized content offerings. D) Partnered with local theaters. Show Answer Correct Answer: C) Localized content offerings. 18. Which of the following terms refers to the extent to which a country is gifted with such resources as land, labor, and capital? A) Current accounts. B) National balance. C) National accounts. D) Factor endowments. Show Answer Correct Answer: D) Factor endowments. 19. Which of the following is NOT a corporate-level strategy? A) Growth. B) Retrenchment. C) Differentiation. D) Stability. Show Answer Correct Answer: C) Differentiation. 20. Explain the concept of intellectual property rights in the context of international business. A) Rights that protect personal relationships. B) Physical rights that protect tangible property. C) Legal rights that protect creations of the mind. D) Rights that protect natural resources. Show Answer Correct Answer: C) Legal rights that protect creations of the mind. 21. Does political unrest affect international trading? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 22. An organization acting as a court to hear and settle trade disputes among its members; also abbreviated WTO. A) Domestic trade. B) International trade. C) World Trade Organization. D) International. Show Answer Correct Answer: C) World Trade Organization. 23. Corporate social responsibility contributes to successful business operations by: A) Enhancing company reputation and stakeholder trust. B) Reducing product quality to cut costs. C) Ignoring environmental and social concerns. D) Focusing solely on short-term profits. Show Answer Correct Answer: A) Enhancing company reputation and stakeholder trust. 24. MNCs are characterized by: A) Operating in one country at a time. B) Government ownership. C) Local operations only. D) Centralized control across multiple countries. Show Answer Correct Answer: D) Centralized control across multiple countries. 25. IMF was created in year A) 1945. B) 1942. C) 1949. D) 1947. Show Answer Correct Answer: A) 1945. 26. List two economic benefits that Multi-National Enterprises (MNEs) bring to host countries. A) MNEs bring foreign direct investment and create job opportunities, stimulating economic growth in host countries. B) MNEs increase local unemployment and reduce foreign investment in host countries. C) MNEs restrict technology transfer and limit market access in host countries. D) MNEs primarily focus on extracting resources without contributing to local economies. Show Answer Correct Answer: A) MNEs bring foreign direct investment and create job opportunities, stimulating economic growth in host countries. 27. Transportation cost of trade affects: A) Pattern of trade. B) Boundaries between tradable and non-tradable goods. C) Global supply chains. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. UNIT 1:ABOUT YOUSimple ExchangesA: ..... B:Yes, my number is 34 67 22. A) Your phone number is 32 67 22. B) Is your phone number 32 67 22?. C) Are your phone number 32 67 22?. D) None of the above. Show Answer Correct Answer: B) Is your phone number 32 67 22?. 29. The word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. A) Increase. B) International. C) National. D) Globalization. Show Answer Correct Answer: D) Globalization. 30. Domestic business is defined as the making, buying, and selling of goods and services ..... a country. A) Within. B) Outside. C) All the above. D) None of the above. Show Answer Correct Answer: A) Within. 31. Franchise fees typically include: A) Initial franchise fee. B) Ongoing royalties on sales. C) Marketing and advertising fees. D) All of the above. Show Answer Correct Answer: D) All of the above. 32. Which of the following is indicates high power distance? A) Colleagues addressing each other by first name. B) A comprehensive welfare state. C) The lack of a first class compartments in trains. D) None of the above. Show Answer Correct Answer: D) None of the above. 33. What does globalization imply for companies wanting to grow? A) They must focus solely on their domestic markets. B) They need to tap international markets. C) They should limit their operations to national borders. D) They can rely only on local talent and resources. Show Answer Correct Answer: B) They need to tap international markets. 34. Diminishing returns to specialization occurs when ..... A) More units of resources are required to produce each additional unit. B) Production possibility frontier appears as a rectangle. C) A nation's gross domestic product declines for a few years. D) Each additional unit is produced with lesser number of laborers. Show Answer Correct Answer: A) More units of resources are required to produce each additional unit. 35. One possible opportunity for a business as a consequence of globalisation is: A) Able to sell products successfully in all foreign markets without changing the products. B) Able to increase prices as there will be less competition. C) More likely to be able to create a monopoly. D) Able to buy a wider range of imported materials and products. Show Answer Correct Answer: D) Able to buy a wider range of imported materials and products. 36. Mulai tahun berapakah Pandangan bahwa Intervensi Pemerintah menjadi penting dalam hubungan perdagangan internasional (yang dulunya disetujui bahwa perdagangan bebas adalah pilihan terbaik)? A) Awal 2000-an. B) Awal 1970-an. C) Awal 1980-an. D) Awal 1990-an. Show Answer Correct Answer: C) Awal 1980-an. 37. What are currency fluctuations? Changes in the value of one currency relative to ..... A) Another currency caused by government regulations. B) Another currency over a period of time. C) Changes in the price of gold. D) Another currency due to inflation. Show Answer Correct Answer: B) Another currency over a period of time. 38. Represents the total exports and imports of goods of and services going in and out of a country. A) Balance of Trade. B) Comparative Advantage. C) All the above. D) None of the above. Show Answer Correct Answer: A) Balance of Trade. 39. What is a common strategy for a company to enter a foreign market through FDI? A) Establishing a joint venture. B) Reducing product quality. C) Limiting market research. D) Increasing import tariffs. Show Answer Correct Answer: A) Establishing a joint venture. 40. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'We don't know the new manager, and he doesn't know ..... A) They. B) Me. C) Him. D) Us. Show Answer Correct Answer: D) Us. 41. The amount of currency of one country that can be traded for one unit of currency of another country. A) Floating Exchange Rates. B) Exchange Rate. C) Money. D) Foreign Exchange. Show Answer Correct Answer: B) Exchange Rate. 42. What is a Free Trade Area (FTA)? A) A global organization regulating trade. B) A group of countries that remove trade barriers among themselves. C) A bilateral agreement between two countries. D) A single country with no trade barriers. Show Answer Correct Answer: B) A group of countries that remove trade barriers among themselves. 43. Unique products that consumers make a special effort to obtain are known as . A) Specialty Goods. B) Shopping Goods. C) Convenience Goods. D) Utility Goods. Show Answer Correct Answer: A) Specialty Goods. 44. Send (goods or services) to another country for sale. A) Embargo. B) Import. C) Tax. D) Export. Show Answer Correct Answer: D) Export. 45. Why do advocates of bilateral FTAs support them? A) They believe they increase trade diversion. B) They argue they weaken large markets. C) They see them as a convenient substitute for global free trade. D) They think they create fragmented rules. Show Answer Correct Answer: C) They see them as a convenient substitute for global free trade. 46. The Foreign Exchange Regulation Act came into force in the year A) 1974. B) 1976. C) 1975. D) 1973. Show Answer Correct Answer: D) 1973. 47. A product you buy from another country is considered A) Export. B) Import. C) Trade barrier. D) None of these. Show Answer Correct Answer: B) Import. 48. How can understanding cultural differences enhance negotiation strategies in international business? A) Understanding cultural differences can lead to misunderstandings and conflicts. B) It simplifies negotiations by standardizing practices across cultures. C) Cultural differences are irrelevant in negotiation processes. D) It allows for more effective communication and relationship building, improving negotiation outcomes. Show Answer Correct Answer: D) It allows for more effective communication and relationship building, improving negotiation outcomes. 49. What is the definition of international business? A) Transactions within a country. B) Transactions across national borders. C) Transactions within a region. D) Transactions within a continent. Show Answer Correct Answer: B) Transactions across national borders. 50. GDP allows a more direct comparison of living standards in different countries than other measures. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 51. Select example of Indian Multinational Company. A) Cargill. B) Hindusthan Unilever. C) Tesco. D) Videocon. Show Answer Correct Answer: D) Videocon. 52. What role does the WTO play in international business? A) Facilitating trade agreements and resolving disputes. B) Monitoring the stock market. C) Ensuring cultural alignment in business. D) None of the above. Show Answer Correct Answer: A) Facilitating trade agreements and resolving disputes. 53. SEZs located in ..... Funcational area A) 9. B) 7. C) 6. D) 8. Show Answer Correct Answer: D) 8. 54. Items bought from other countries are A) Exchange rate. B) Exports. C) Imports. D) Balance of trade. Show Answer Correct Answer: C) Imports. 55. Individualizes goods and services for the country in which it operates A) Foreign Exchange. B) Multinational Strategy. C) Multinational Corporation. D) Global Strategy. Show Answer Correct Answer: B) Multinational Strategy. 56. Refusing to buy, sell or use certain groups A) Tax. B) Rebellion. C) Boycott. D) Rebellion. Show Answer Correct Answer: C) Boycott. 57. UNIT 1:ABOUT YOUTELEPHONE NUMBERSSix two eight three five double oh nine two A) 628350092. B) 628350922. C) 628350992. D) 628355092. Show Answer Correct Answer: A) 628350092. 58. ..... is the belief in the superiority of one's own ethnic group or culture. A) Individualism. B) Power distance. C) Dynamism. D) Ethnocentrism. Show Answer Correct Answer: D) Ethnocentrism. 59. Globalization can be defined only in terms of markets but not in terms of production. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 60. Which was not an example of a global market entry mode? A) Franchising. B) Capitalism. C) Licensing. D) Joint Venture. Show Answer Correct Answer: B) Capitalism. ← 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 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