This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 10 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Identify the first step in the export procedure- A) Receipt of enquiry. B) Export licence. C) Intent. D) Production of goods. Show Answer Correct Answer: A) Receipt of enquiry. 2. Why is it crucial to understand the socio-cultural factors of a foreign planet when doing business? A) To ensure the business is culturally sensitive and respectful. B) To learn the alien language. C) To understand the alien technology. D) To compete in intergalactic sports events. Show Answer Correct Answer: A) To ensure the business is culturally sensitive and respectful. 3. Maximum duration of credit period is A) 90 days. B) 180 days. C) 365 days. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. How does culture impact international trade? A) Culture has no effect on international trade. B) Culture only influences local markets, not global trade. C) Cultural differences are irrelevant in business negotiations. D) Culture impacts international trade by shaping consumer preferences, negotiation styles, and business practices. Show Answer Correct Answer: D) Culture impacts international trade by shaping consumer preferences, negotiation styles, and business practices. 5. For employee comfort, many companies allow animal friends to come to work too. Scripps, a healthcare organization (for people) offers health insurance for employees' furry friends. A) Health Options. B) Bring your pets to work. C) Personalized Space. D) None of the above. Show Answer Correct Answer: B) Bring your pets to work. 6. What does marketing aim to identify and satisfy? A) The company's budget. B) The wants and needs of a target market. C) The competitor's strategy. D) The employee's preferences. Show Answer Correct Answer: B) The wants and needs of a target market. 7. Which of the following is NOT a factor considered in PESTEL analysis? A) Political. B) Technological. C) Economic. D) Social. Show Answer Correct Answer: B) Technological. 8. The definition of 'Globalization' includes: A) The isolation of national economies. B) Growing interdependence between countries and economic actors. C) Domestic business activity expansion. D) The closing of borders to trade. Show Answer Correct Answer: B) Growing interdependence between countries and economic actors. 9. What is a significant difference between domestic and international business? A) International business has fewer legal requirements. B) International business deals with currency fluctuations. C) Domestic business requires more complex market entry strategies. D) None of the above. Show Answer Correct Answer: B) International business deals with currency fluctuations. 10. What is a significant factor in the technological environment? A) Local market size. B) Political stability. C) Cultural acceptance of technology. D) Weather conditions. Show Answer Correct Answer: C) Cultural acceptance of technology. 11. What is the primary driver of globalization in international business? A) Increased regional trade agreements. B) Expansion of local markets. C) Advances in technology and communication. D) Decline in foreign investments. Show Answer Correct Answer: C) Advances in technology and communication. 12. The structure and processes that a country uses to allocate its resources and conduct its commercial activities. A) Political system. B) Economic system. C) Social system. D) Cultural system. Show Answer Correct Answer: B) Economic system. 13. How does international business contribute to economic growth? A) International business contributes to economic growth by increasing trade, attracting investment, creating jobs, and enhancing competition. B) International business leads to job losses and economic decline. C) International business reduces trade barriers and increases tariffs. D) International business has no impact on local economies. Show Answer Correct Answer: A) International business contributes to economic growth by increasing trade, attracting investment, creating jobs, and enhancing competition. 14. A ..... is an organization that does business in several different countries. A) Domestic business. B) Free trade zone. C) Foreign business. D) Multinational company. Show Answer Correct Answer: D) Multinational company. 15. What are foreign exchange markets? A) Markets for buying and selling commodities. B) Centralized markets for buying and selling currencies. C) Markets for buying and selling stocks. D) Decentralized markets for buying and selling currencies. Show Answer Correct Answer: D) Decentralized markets for buying and selling currencies. 16. What is the term for the practice of selling goods in a foreign country at a price lower than their fair market price? A) Dumping. B) Subsidizing. C) Tariffing. D) Sanctioning. Show Answer Correct Answer: A) Dumping. 17. ..... refers to a political system in which government is organized by and accountable to the people. A) Totalitarianism. B) Fascism. C) Socialism. D) Democracy. Show Answer Correct Answer: D) Democracy. 18. 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. 19. 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. 20. Trade barriers can include ..... , tariffs, and embargos. A) Bans. B) Quotas. C) Limitations. D) None of the above. Show Answer Correct Answer: B) Quotas. 21. UNIT 3:ABOUT WHERE YOU WORK'dialogue'My office is ..... the sixth floor. A) In. B) At. C) On. D) Where. Show Answer Correct Answer: A) In. 22. 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. 23. 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. 24. 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) Economic patriotism. B) Protectionism. C) Free trade. D) Offshoring. Show Answer Correct Answer: C) Free trade. 25. 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. ← PreviousNext →Related 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 7Class 11 Business Studies Chapter 10 International Business Quiz 8Class 11 Business Studies Chapter 10 International Business Quiz 9Class 11 Business Studies Chapter 10 International Business Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books