This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 1 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Organization architecture include the following EXCEPT A) Processes. B) Control & incentives. C) Market conditions. D) Organization culture. Show Answer Correct Answer: C) Market conditions. 2. A multinational firm typically: A) Centralizes decisions globally. B) Has subsidiaries in multiple countries. C) Operates only in its home country. D) Avoids international expansion. Show Answer Correct Answer: B) Has subsidiaries in multiple countries. 3. ..... is the first step in the internationalization process. A) License. B) Foreign Investment. C) Sales. D) Export. Show Answer Correct Answer: A) License. 4. Generally accepted principles of right and wrong governing individual conduct are known as what? A) Ethical dilemmas. B) Ethical imperialism. C) Corruption. D) Personal ethics. Show Answer Correct Answer: D) Personal ethics. 5. Institutions like the World Bank and the Asian Development Bank that offer financial support and resources for development projects and investments in emerging economies are known as ..... A) Multilateral Development Banks. B) Commercial Banks. C) Microfinance Institutions. D) Private Equity Firms. Show Answer Correct Answer: A) Multilateral Development Banks. 6. To localizeWhat is the term for adapting something to meet the needs of a specific local market? A) Localiser. B) Globalizer. C) Standardizer. D) Customizer. Show Answer Correct Answer: A) Localiser. 7. It is defined as a company in a country that makes a physical investment to build a factory, warehouse, distribution center or other in another country. A) Foreign Direct Investment. B) Indirect Foreign Investment. C) Globalization. D) None of the above. Show Answer Correct Answer: A) Foreign Direct Investment. 8. Which of the following is NOT listed as an economic barrier to international trade? A) Economic development. B) Infrastructure. C) Exchange rates. D) Trade agreements. Show Answer Correct Answer: D) Trade agreements. 9. It refer to the payment methods in Import and Export when the exporter uses an open account, the buyer pays the exporter at some future time following receipt of the goods. A) LETTER OF CREDIT. B) OPEN ACCOUNT. C) Countertrade. D) None of the above. Show Answer Correct Answer: B) OPEN ACCOUNT. 10. What are Non-Tariff Barriers (NTBs) in international trade? A) Restrictions and obstacles to trade that do not involve direct taxation. B) Taxes imposed by governments on imported goods. C) Financial assistance provided to domestic industries. D) Regulations related to food safety and animal/plant health. Show Answer Correct Answer: A) Restrictions and obstacles to trade that do not involve direct taxation. 11. Which of the following options is an advantage for the franchisor? A) Failure will damage your brand. B) A motivated and motivated workforce. C) Less operational control on the ground. D) None of the above. Show Answer Correct Answer: B) A motivated and motivated workforce. 12. Which of these is an example of the globalization of production? A) A small shop sells local fruit. B) A phone is made only in one country. C) A phone has parts from many countries. D) People buy fruit from a local market. Show Answer Correct Answer: C) A phone has parts from many countries. 13. Mengapa keputusan produksi global dan pengelolaan rantai pasokan sangat penting bagi banyak perusahaan global? A) Memungkinkan perusahaan untuk mengurangi biaya produksi. B) Memperluas pasar potensial dan peluang pertumbuhan. C) Meningkatkan efisiensi operasional dan responsibilitas terhadap permintaan pelanggan. D) Membatasi akses ke teknologi dan inovasi terbaru. Show Answer Correct Answer: C) Meningkatkan efisiensi operasional dan responsibilitas terhadap permintaan pelanggan. 14. According to the OLI paradigm, what is the main focus when considering foreign expansion? A) The sequence of inter-related expansion decisions over time. B) Individual foreign expansion decisions, such as whether to use FDI or a contractual mode. C) Only the use of franchising for expansion. D) The transfer of technology assets. Show Answer Correct Answer: B) Individual foreign expansion decisions, such as whether to use FDI or a contractual mode. 15. Globalization is fueled largely by declining trade and investment barriers and new technologies, such as the Internet. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 16. Product life cycle theory was based on the results of A) Civil War. B) WW 2. C) All the above. D) None of the above. Show Answer Correct Answer: B) WW 2. 17. In Poland, offer to remove your shoes before entering someone else's home is similar to most Muslim countries. It is not always necessary to do so, but it is a polite gesture to ask. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 18. What is the technical definition of international business? A) All commercial transactions that take place within a country. B) All commercial transactions that take place between two or more countries. C) All commercial transactions that involve transportation. D) All commercial transactions that involve investments. Show Answer Correct Answer: B) All commercial transactions that take place between two or more countries. 19. Globalisation is best defined as A) Increased international trade as a result of free movement of goods and capital between countries. B) A situation where all of the world uses the same common currency. C) The growing trend for companies to stop making products within their own country. D) The increase in the world tourist industry leading to more global travel. Show Answer Correct Answer: A) Increased international trade as a result of free movement of goods and capital between countries. 20. If a country trades with other countries because it has more than it needs of a certain product, the trade reason is: A) Political/Historical. B) Specialization. C) Increased competition. D) Surplus. Show Answer Correct Answer: D) Surplus. 21. Which of the following is NOT a top trading partner with the UAE? A) China. B) India. C) France. D) Saudi Arabia. Show Answer Correct Answer: C) France. 22. Theory of Mercantilism propagates A) Encourage exports and imports. B) Encourage exports and discourage imports. C) Discourage exports and imports. D) Discourage exports and encourage imports. Show Answer Correct Answer: B) Encourage exports and discourage imports. 23. Why do big companies like Coca-Cola change their ads in different countries? A) To hide the real product. B) To confuse customers. C) To match local culture. D) To make ads shorter. Show Answer Correct Answer: C) To match local culture. 24. Based on absolute advantage theory, each country can increase its wealth by specializing in the production of good that it is less efficient at. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 25. A government provides financial support to domestic producers to make their products cheaper. What instrument is being used? A) VERs agreed by exporters. B) Import quotas on shipments. C) Administrative policy hurdles. D) Production subsidies from government. Show Answer Correct Answer: D) Production subsidies from government. 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