This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 100 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 100 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which countries are members of CACM? A) Honduras, Nicaragua, Guatemala. B) Costa Rica, Panama, Belize. C) Only Nicaragua and El Salvador. D) All Central American countries. Show Answer Correct Answer: A) Honduras, Nicaragua, Guatemala. 2. A trade pattern is: A) What a country trades. B) What direction a country trades in. C) What a country trades and in what direction. D) When a country trades. Show Answer Correct Answer: C) What a country trades and in what direction. 3. What is the main motive for expanding into interplanetary markets? A) To acquire new insights on spandex bands. B) To reduce risks and absorb attacks. C) To decrease environmental waste. D) To increase sales and grow the business. Show Answer Correct Answer: D) To increase sales and grow the business. 4. What are the advantages and disadvantages of foreign direct investment? A) Guaranteed profits for investors. B) Complete elimination of local competition. C) Advantages:access to new markets, higher returns, technology transfer. Disadvantages:political risk, cultural differences, impact on local businesses. D) No impact on the environment. Show Answer Correct Answer: C) Advantages:access to new markets, higher returns, technology transfer. Disadvantages:political risk, cultural differences, impact on local businesses. 5. A good or service purchased and brought in from another country. A) Import. B) Export. C) Trade. D) Negotiate. Show Answer Correct Answer: A) Import. 6. T or F:The World Trade Organization wants to eliminate import quotas A) True. B) False. C) Not mentioned. D) Not applicable. Show Answer Correct Answer: A) True. 7. Which item was our most valuable export to Japan in 2014? A) Beef. B) Coal. C) Cheese. D) Copper. Show Answer Correct Answer: B) Coal. 8. China, Japan, and Korea are lagging in developing aerospace because they are missing A) Natural and human resources. B) Domestic demand. C) Supporting industries. D) None of the above. Show Answer Correct Answer: C) Supporting industries. 9. The following are the forces driving globalization EXCEPT ..... A) Increase in and application of technology. B) Growth of consumer pressures. C) Increased global competition. D) People behaviour. Show Answer Correct Answer: D) People behaviour. 10. A multinational enterprise is not acting with social responsibility if it A) Installs anti-pollution controls more powerful than required by law. B) Hires host-country citizens and provides training. C) Introduces new products that support dominant religious beliefs of the host. D) Hires all employees from the home country labor force. Show Answer Correct Answer: D) Hires all employees from the home country labor force. 11. Which of the following is an example of a basic factor that a nation will possess as proposed by Porter? A) Communication infrastructure. B) Skilled labor. C) Natural resources. D) Technological knowledge. Show Answer Correct Answer: C) Natural resources. 12. When a country has the ability to produce more of a product relative to another country. A) Absolute Advantage. B) Favorable Balance of Favorable Balance of Trade. C) Positive Net Export. D) Comparative Advantage. Show Answer Correct Answer: A) Absolute Advantage. 13. ..... theory suggests that trade is a positive sum game A) Theory of absolute advantage. B) Theory of comparative advantage. C) The Heckscher-Ohlin theory. D) New Trade theory. Show Answer Correct Answer: B) Theory of comparative advantage. 14. The Civil Protection Compliance Certificate is a requirement to open a business at the level: A) Federal. B) State. C) Municipality. D) International. Show Answer Correct Answer: C) Municipality. 15. What does International Business refer to? A) Local business transactions. B) Only exporting goods to other countries. C) Trading services and goods in a worldwide market. D) Only importing goods from other countries. Show Answer Correct Answer: C) Trading services and goods in a worldwide market. 16. International trade requires funds to pay for goods and services through which two processes? A) Buying and Selling. B) Exporting and Importing. C) Bartering and Exchanging. D) Producing and Consuming. Show Answer Correct Answer: B) Exporting and Importing. 17. Which stage of internationalization typically begins with indirect exporting as firms test foreign markets? A) Stage 1-Purely Domestic. B) Stage 2-Primarily Domestic. C) Stage 4-Multinational Company. D) Stage 5-Global / Transnational. Show Answer Correct Answer: B) Stage 2-Primarily Domestic. 18. Which of the following is a risk associated with local market entry? A) Need for complementary local resources. B) Integration of multiple local units. C) Post-acquisition integration. D) Not overpaying for assets. Show Answer Correct Answer: A) Need for complementary local resources. 19. Which orientations most explicitly contrast home-country control with host-country autonomy? A) Regiocentric versus Geocentric. B) Geocentric versus Ethnocentric. C) Ethnocentric versus Polycentric. D) Polycentric versus Regiocentric. Show Answer Correct Answer: C) Ethnocentric versus Polycentric. 20. The matrix structure is considered the most complex organizational design in international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. A Manager who sees the whole world as a single market is instituting which international development strategy? A) Geocentric. B) Polycentric. C) Regio centric. D) Ethnocentric. Show Answer Correct Answer: A) Geocentric. 22. Which option best describes a foreign distributorship for a U.S. firm seeking limited investment? A) Licensee receives technology rights transfer. B) Distributor takes title and bears risk. C) Agent negotiates contracts for principal. D) Subsidiary maintains full operational control. Show Answer Correct Answer: B) Distributor takes title and bears risk. 23. The ..... shows all of the different positions a firm can adopt with regard to adding value to the product and low cost assuming the firm's internal operations are configured efficiently to support a particular position. A) Strategic choice curve. B) Strategy convex. C) Efficiency frontier. D) Experience curve. Show Answer Correct Answer: C) Efficiency frontier. 24. Sustainability in trade policy involves balancing which goals? A) Export promotion and patent litigation. B) Panel composition and dispute timelines. C) Judicial appointments and tariff setting. D) Economic growth and environmental protection. Show Answer Correct Answer: D) Economic growth and environmental protection. 25. An importing company must come to an agreement with the supplier on specific terms for purchase. This is known as a . A) Product Demand. B) Purchase Agreement. C) Free on Board. D) Product Agreement. Show Answer Correct Answer: B) Purchase Agreement. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books