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Class 11 Business Studies Chapter 10 International Business Quiz 8 (60 MCQs)

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1. All business activities needed to create, ship, and sell goods and services across national borders are considered to be
2. A special right given to a business person to sell a company's products. (e.g. Subway, Jimmy Johns, Sonic)
3. Anything people will accept for the exchange of goods and services is .
4. Globalization refers to .....
5. In which year did the WTO become operational?
6. What are the different modes of entry into foreign markets?
7. Which of the following issues certificate of Origin?
8. Apa yang dimaksud dengan "Antidumping Duties" ?
9. What is the process of obtaining goods and services from foreign sources called?
10. Which of the following is a characteristic of Multinational Corporations (MNCs)?
11. This stock exchange was founded by a former samurai.
12. A is a document that represents ownership in a corporation.
13. Which type of business would MOST LIKELY use a function-based structure?
14. Which factor does NOT affect international business?
15. Four main stages in product life cycle theory:
16. Cultural Differences
17. The rate at which prices for goods and services is rising and therefore the purchasing power of the currency is falling is .....
18. An embargo is which of the following?
19. What is the primary contribution of knowledge workers?
20. Why are most countries better off specializing in the production of particular goods, and then trading with other nations to obtain whatever else they need?
21. Which is not an example of economic globalization?
22. According to the Product Life Cycle theory, a product is most likely to be produced in developing countries during which stage?
23. Licensing grants the right to use:
24. To market/retailTo promote and sell products or services.
25. When a UAE company gives rights to another company to use its technology, what mode is this?
26. There is an international branch that deals with the trade of products or services with other countries
27. In absolute advantage theory, with specialization, total world output will .....
28. In which year did Croatia join the European Union?
29. Which mode of international business allows another company to use a brand name and business model?
30. International business would not be relevant to an organization if it only produced and sold its products in one country.
31. Pre shipment finance is known as packing credit?
32. What is the primary focus of international business?
33. Some U.S. customs are considered disrespectful or inappropriate in other cultures. When visiting another country, which countries customs should you respect?
34. This rice cooker is easy to use because .....
35. The most serious form of political risk for a multinational company is
36. What is international trade?
37. Which supply chain perspective initiates with anticipation to a customer?
38. Which of the following theories emphasizes the interplay between the proportions in which the factors of production are available in different countries and the proportions in which they are needed for producing particular goods?
39. In acronym SAARC, "C" stands for .....
40. Managers should be more precise in their directions to subordinates when .....
41. What is the term commonly used to refer to the United Kingdom's exit from the European Union?
42. Which economic partnership was launched in 2020 and includes 10 ASEAN countries along with China, Korea, Japan, Australia, and New Zealand?
43. South Africans do not like .....
44. Which one of the following is not an example of counter trade?
45. Prospects for growth is a benefit of international business to Nations
46. Which annual Christmas TV event draws some of the biggest live audiences in the UK?
47. International Business does all of the following EXCEPT:
48. What are items transported into a country from a foreign country?
49. All of the following are reasons to restrict trade except
50. When a new product is introduced, they charge as much as possible. This is known as:
51. A company expanding to Korea asks you to research their customs and values, what is this?
52. Indulgence vs. Restraint measures the extent to which a society indulges in gratifying desires and impulses versus ..... behavior based on social norms.
53. Which type of multinational enterprise operates in multiple countries but adapts its products and services to fit local markets, often with decentralized decision-making?
54. In the current global business environment, 'Sustainability' and 'Carbon Footprint' regulations are analyzed under which PESTEL factor?
55. Which strategy involves deploying resources in a manner that aligns with the cultural expectations and needs of a foreign market?
56. Offshoring refers to:
57. It is a measure that a country grants to local industry to improve its competitiveness
58. The triple bottom line in sustainability includes:
59. Heckscher-Ohlin predicts trade patterns primarily from which national feature?
60. What is one purpose of a joint venture between companies such as Sony-Ericsson?
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