This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 7 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A company that owns production facilities in multiple countries is called: A) Domestic firm. B) Multinational enterprise (MNE). C) Small-medium enterprise (SME). D) Local trader. Show Answer Correct Answer: B) Multinational enterprise (MNE). 2. Which of the following is a difficulty of conducting international market research? A) Limited market size. B) Availability of data. C) Lack of competitors. D) High costs of research. Show Answer Correct Answer: B) Availability of data. 3. The knowledge of both strategic management and entrepreneurship enhances one's understanding of international business. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 4. THIS IS AN INTERNATIONAL PRICE DISCRIMINATION PRACTICE A) DUMPING. B) NATIONAL DEFENSE. C) INFANT INDUSTRY. D) RETALIATION. E) CONSERVATION OF NATURAL RESOURCES. Show Answer Correct Answer: A) DUMPING. 5. Which of the following would characterize a nation with high degree of economic freedom? A) Strict trade policies. B) Government interventions. C) Flourishing black markets. D) Low tariffs. Show Answer Correct Answer: D) Low tariffs. 6. The A in AIDA stands for: A) Analog. B) Alternative. C) Attentive. D) Awareness. Show Answer Correct Answer: D) Awareness. 7. What is absolute advantage? A) The practice of selling goods below cost to undermine competitors. B) A monopoly that exists when a country is the only source or the most efficient producer of an item. C) The ability of a country to produce a good at lower cost than another country. D) A situation where a country has no competition in producing a good. Show Answer Correct Answer: B) A monopoly that exists when a country is the only source or the most efficient producer of an item. 8. What is the primary focus of the "Demographic Environment" in global marketing? A) Legal regulations. B) Population characteristics. C) Technological advancements. D) Political stability. Show Answer Correct Answer: B) Population characteristics. 9. In International Business, where do the buyer and seller belong? A) Both belong to the same country. B) Buyer belongs to a region, seller belongs to a country. C) Both belong to different countries. D) Buyer belongs to a country, seller belongs to a region. Show Answer Correct Answer: C) Both belong to different countries. 10. UNIT 1:ABOUT YOUVocabulary:a/anIs she an ..... ? A) A Japanese. B) Lawyer. C) An accountant. D) A German. Show Answer Correct Answer: C) An accountant. 11. A major difference between Domestic and International Business is that International Business involves: A) A single currency. B) Homogeneous cultures. C) Multiple legal systems and exchange rate risks. D) Less government intervention. Show Answer Correct Answer: C) Multiple legal systems and exchange rate risks. 12. World Bank's official goal is ..... A) Reduction of poverty. B) Economic Growth. C) Increase export. D) Facilitating international trade. Show Answer Correct Answer: A) Reduction of poverty. 13. What do critics argue about the impact of globalization on labor policies and the environment? A) It leads to stricter enforcement of labor and environmental regulations in all countries. B) It encourages firms to move production to countries with lax or non-existent labor and environmental regulations. C) It results in higher environmental and labor standards globally. D) It has no significant impact on labor policies and environmental regulations. Show Answer Correct Answer: B) It encourages firms to move production to countries with lax or non-existent labor and environmental regulations. 14. Host countries often have a love-hate relationship with MNEs because: A) MNEs bring investment and jobs but may also exploit resources or influence local policies. B) MNEs always provide only positive benefits to host countries. C) Host countries dislike MNEs due to cultural differences only. D) MNEs never impact the local economy. Show Answer Correct Answer: A) MNEs bring investment and jobs but may also exploit resources or influence local policies. 15. In societies where trust is high, ..... A) People tend to be more future-oriented. B) Business costs are typically lower. C) People tend to be more fatalistic. D) Family businesses are dominant. Show Answer Correct Answer: B) Business costs are typically lower. 16. Which situation often favors acquiring an existing firm over establishing a greenfield subsidiary when entering a foreign market? A) No suitable local firms are available to buy. B) A desire to build an operation from scratch to embed the parent firm's culture. C) The need for rapid market access and access to established distribution networks and local expertise. D) Strict regulatory barriers that make ownership transfer illegal. Show Answer Correct Answer: C) The need for rapid market access and access to established distribution networks and local expertise. 17. A ban on trade with another country for one or all of its goods. A) Tariff. B) Free trade. C) Market. D) Embargo. Show Answer Correct Answer: D) Embargo. 18. The Theory of Absolute Cost Advantage is given by A) Porter. B) Adam smith. C) Raymond Varnoon. D) D. Richardo. Show Answer Correct Answer: B) Adam smith. 19. An example of domestic business is when a person living in Canada buys a product made in Germany. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 20. Which of the following is NOT a characteristic of capitalism? A) Private ownership of assets. B) State control of factors of production. C) Private control of investment. D) Right to profit from individual effort. Show Answer Correct Answer: B) State control of factors of production. 21. Consumers have no benefits after NAFTA A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 22. What role does trade regulation play in international business? A) Trade regulation solely focuses on tariffs and taxes. B) Trade regulation only benefits large corporations. C) Trade regulation plays a crucial role in ensuring fair practices, compliance, and stability in international business. D) Trade regulation is irrelevant in digital commerce. Show Answer Correct Answer: C) Trade regulation plays a crucial role in ensuring fair practices, compliance, and stability in international business. 23. ..... is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally. A) Bill of Lading. B) Letter of Credit. C) Drafts. D) Open Account. Show Answer Correct Answer: B) Letter of Credit. 24. What principle guides a country's decision to specialize in certain goods for export? A) Law of Absolute Advantage. B) Law of Supply and Demand. C) Law of Diminishing Marginal Returns. D) Law of Comparative Cost. Show Answer Correct Answer: D) Law of Comparative Cost. 25. Which organizational structure combines elements of both functional and product-based structures, often leading to dual reporting lines? A) Matrix organizations. B) Global corporate form-Function. C) Global corporate form-Geographic regions. D) Global corporate form-Product. Show Answer Correct Answer: A) Matrix organizations. 26. What defines an international projector? A) Replicates the home country business model in foreign markets. B) Focuses on local responsiveness. C) Develops a global network of specialized units. D) Emphasizes global learning and innovation. Show Answer Correct Answer: A) Replicates the home country business model in foreign markets. 27. Digital globalization primarily refers to: A) Physical movement of goods between countries. B) Cross-border data flows and digital trade. C) Restricting imports via tariffs. D) International mergers and acquisitions. Show Answer Correct Answer: B) Cross-border data flows and digital trade. 28. Which of the following is NOT a mode of entry into international business? A) Joint venture. B) Exporting. C) Merger. D) Licensing. Show Answer Correct Answer: C) Merger. 29. Refer to the nature of home demand for the industry's product or service. A) Demand conditions. B) Relating and supporting industries. C) Firm strategy, structure, and rivalry. D) None of the above. Show Answer Correct Answer: A) Demand conditions. 30. Which of the following is a source of finance for international trade and investment? A) Export Financing. B) Foreign Direct Investment (FDI). C) International Capital Markets. D) All of the above. Show Answer Correct Answer: D) All of the above. 31. To complyTo act in accordance with a wish or command. A) Se conformer / se mettre en norme. B) Contredire les ordres. C) Se rebeller. D) Ignorer les instructions. Show Answer Correct Answer: A) Se conformer / se mettre en norme. 32. International Trade is most likely to generate short-term unemployment in: A) Industries in which there are neither imports nor exports. B) Import-competing industries. C) Industries that sell to domestic and foreign buyers. D) Industries that sell to only foreign buyers. Show Answer Correct Answer: B) Import-competing industries. 33. McDonald use the following method entry in its international operation in Malaysia. A) Export. B) Franchising. C) Joint venture. D) None of the above. Show Answer Correct Answer: B) Franchising. 34. The Impact of Information Technology on Globalization A) The Digital Generation. B) Expanding the Global Use of Information Technology. C) How Countries "Leapfrog" into the Internet and Cell Phone Era. D) All of the selection. Show Answer Correct Answer: D) All of the selection. 35. Under an intellectual property licensing agreement you retain ownership of your patent, copyright, or trademark, but you give another party permission to use some or all of your intellectual property rights for a specific amount of time for a fee or royalty. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 36. What is the role of international trade agreements? A) They are designed to limit trade between countries. B) International trade agreements have no impact on economic growth. C) International trade agreements promote trade by reducing barriers and establishing rules. D) International trade agreements increase tariffs and quotas. Show Answer Correct Answer: C) International trade agreements promote trade by reducing barriers and establishing rules. 37. Items we buy from other countries A) Foreign Exchange Market. B) Exports. C) Exchange Rate. D) Imports. Show Answer Correct Answer: D) Imports. 38. Keputusan produksi global dan pengelolaan rantai pasokan membantu perusahaan global dalam hal apa berikut ini? A) Memperoleh akses ke pasar dan sumber daya global. B) Meningkatkan diversifikasi investasi perusahaan. C) Menghindari persaingan dengan perusahaan lokal. D) Meminimalkan risiko kegagalan produk. Show Answer Correct Answer: A) Memperoleh akses ke pasar dan sumber daya global. 39. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'She likes ..... (colleagues) very much. A) Him. B) Us. C) They. D) Me. Show Answer Correct Answer: B) Us. 40. International Strategy focus mostly on local customization. Is it true or false? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 41. Is a prescribed way of undertaking a process or part of a process A) Process. B) Procedures. C) All the above. D) None of the above. Show Answer Correct Answer: B) Procedures. 42. What must investors consider when making international capital investments? A) Only the potential return. B) Only the risk involved. C) Both the risk and potential return. D) Neither risk nor return, only the country's GDP. Show Answer Correct Answer: C) Both the risk and potential return. 43. The speaker highlights the Dutch reputation for consensus-building in their approach. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 44. Keuntungan arsitektur terdesentralisasi dalam bisnis internasional adalah: A) Adaptasi cepat terhadap perubahan pasar lokal. B) Koordinasi yang lebih baik antar unit bisnis global. C) Pemanfaatan keahlian bersama dengan perusahaan lain. D) Pengambilan keputusan yang sentral di markas besar perusahaan. Show Answer Correct Answer: A) Adaptasi cepat terhadap perubahan pasar lokal. 45. SMEs in Europe are defined as firms with fewer than: A) 500 employees. B) 100 employees. C) 250 employees. D) 1000 employees. Show Answer Correct Answer: C) 250 employees. 46. Key international institutions that facilitate the Globalization A) The International Monetary Fund (IMF). B) The World Bank (WB). C) The World Trade Organization (WTO). D) All of the above. Show Answer Correct Answer: D) All of the above. 47. Which factor of PESTEL analysis includes laws and regulations relevant to the region and the organization? A) Technological. B) Legal. C) Economic. D) Political. Show Answer Correct Answer: B) Legal. 48. Watches made in Norway are worn by people in the UAE. A) Import. B) Export. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import. 49. What are the four factor endowments? A) National resources, labor, physical capital and human capital. B) Types of technology. C) Material inputs used up in the process of production. D) International differences in climate. Show Answer Correct Answer: A) National resources, labor, physical capital and human capital. 50. ..... is the application of knowledge which redefines the boundaries of global business A) Society. B) Economy. C) Technology. D) Cultural Values. Show Answer Correct Answer: C) Technology. 51. "Hi! My name is Eigotaro. I'm an engineer ..... Asahi Beverage Company." A) Working. B) With. C) Beside. D) For. Show Answer Correct Answer: B) With. 52. EU stands for ..... A) European Union. B) EXIM Union. C) Export Union. D) Export Unit. Show Answer Correct Answer: A) European Union. 53. What is a quota in the context of international trade barriers? A) A regulation on the exchange rate of a country's currency. B) A restriction on the number of units of a particular product that can be imported into a country. C) A limit on the total value of goods that can be exported. D) A financial penalty imposed on imported goods. Show Answer Correct Answer: B) A restriction on the number of units of a particular product that can be imported into a country. 54. Why is the involvement of middlemen considered necessary in foreign trade? A) To increase restrictions on trade. B) To simplify the rules and regulations of trade. C) To facilitate the smooth conduct of trade due to complicated. D) To reduce the risk element in trade. Show Answer Correct Answer: C) To facilitate the smooth conduct of trade due to complicated. 55. ..... barriers do not affect the price of the imported goods but only the quantity of import. A) Specific. B) Tariff. C) Non-Tariff. D) Customs. Show Answer Correct Answer: B) Tariff. 56. What is the main goal of a trans national strategy? A) Focusing product research in a single country. B) Reducing costs through mass production. C) Balancing cost reduction, value creation, and local responsiveness. D) Expanding financial activities in developed countries. Show Answer Correct Answer: C) Balancing cost reduction, value creation, and local responsiveness. 57. Domestic business involves: A) Dealing with multiple currencies. B) Adapting to foreign legal systems. C) Managing cultural diversity. D) Operating within one country's borders. Show Answer Correct Answer: D) Operating within one country's borders. 58. The corporate practice of acquiring or producing quality goods or services abroad at a lower cost thereby eliminating domestic production. A) International business. B) Outsourcing. C) Trade. D) Offshoring. Show Answer Correct Answer: B) Outsourcing. 59. A TRADING BLOC WHERE COUNTRY MEMBERS UNIFY THEIR POLICIES TOWARD TRADE AND FACTOR MIGRATION A) COMMON MARKET AREA. B) CUSTOMS UNION. C) FULL ECONOMIC UNION. D) FREE TRADE AREA. Show Answer Correct Answer: C) FULL ECONOMIC UNION. 60. India received major IMF support during: A) 1971 war. B) 1991 Balance of Payments crisis. C) 2004 tsunami. D) COVID-19 pandemic. Show Answer Correct Answer: B) 1991 Balance of Payments crisis. ← 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 8Class 11 Business Studies Chapter 10 International Business Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books