This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 102 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 102 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the purpose of a quota? A) To provide grants to domestic producers. B) To increase the price of imported goods. C) To eliminate all imports. D) To lower the cost of production. Show Answer Correct Answer: B) To increase the price of imported goods. 2. The foreign direct investment includes A) Intellectual Property. B) Intangible Goods. C) Tangible Good. D) Human Resource. Show Answer Correct Answer: C) Tangible Good. 3. How can foreign companies impact the local job market positively? A) By outsourcing all jobs. B) By investing in local training programs. C) By reducing wages. D) By limiting job opportunities. Show Answer Correct Answer: B) By investing in local training programs. 4. The degree of mobility of factors of production like labour and capital across nations is relatively more in International business A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 5. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Rhodes Associate Law Firm' A) Name. B) Company. C) City. D) Position. Show Answer Correct Answer: B) Company. 6. Includes tourism that travels abroad (outgoing or outgoing) and that which comes from abroad (incoming or incoming). A) Inland tourism. B) National tourism. C) International tourism. D) None of the above. Show Answer Correct Answer: C) International tourism. 7. What does WTO stand for? A) World Taxation Organization. B) World Trade Organization. C) Worldwide Trade Order. D) World Transport Organization. Show Answer Correct Answer: B) World Trade Organization. 8. How is a partnership called, when cooperating firms create an independent firm in which they both invest? A) Franchising. B) Licensing. C) Exporting. D) Joint Venture. Show Answer Correct Answer: D) Joint Venture. 9. Firms that are involved in international business tend to be ..... A) Large. B) Small. C) Medium-size. D) Large, small and medium-size. Show Answer Correct Answer: D) Large, small and medium-size. 10. Which strategy focuses on increasing profitability by customizing the firm's goods or services so they provide a good match to tastes and preferences in different national markets? A) Global standardization strategy. B) Transnational strategy. C) Localization strategy. D) International strategy. Show Answer Correct Answer: C) Localization strategy. 11. Currency depreciation could be caused by A) Supply Increase or Demand Increase. B) Supply Increase or Demand Decrease. C) Supply Decrease or Demand Decrease. D) Supply Decrease or Demand Increase. Show Answer Correct Answer: B) Supply Increase or Demand Decrease. 12. How do political systems and risks in international business differ from those in domestic business? A) They are always more stable internationally. B) Domestic businesses are more vulnerable to political risks. C) International businesses face a variety of political environments and potential instability. D) Politics does not affect international businesses. Show Answer Correct Answer: C) International businesses face a variety of political environments and potential instability. 13. What is Trade Liberalization? A) Encouraging the removal of trade barriers, such as tariffs and quotas, to facilitate the free flow of goods and services across borders. B) Imposing strict regulations on international trade to protect domestic industries. C) Restricting the movement of goods and services between countries through increased tariffs. D) Banning all forms of foreign investment in the domestic market. Show Answer Correct Answer: A) Encouraging the removal of trade barriers, such as tariffs and quotas, to facilitate the free flow of goods and services across borders. 14. How does AI contribute to international business? A) Reducing the number of competitors. B) Increasing shipping costs. C) Enabling data-driven decision-making. D) None of the above. Show Answer Correct Answer: C) Enabling data-driven decision-making. 15. What is meant by "infrastructure" in the context of international trade barriers? A) The legal and political barriers that affect international trade. B) Commercial distribution systems and physical facilities that support economic activities. C) Trade agreements and treaties between different countries. D) Cultural and linguistic differences that impact trade. Show Answer Correct Answer: B) Commercial distribution systems and physical facilities that support economic activities. 16. It is the procurement of selected value-adding activities, including production of intermediate goods or finished products, from independent suppliers. A) Business Process Outsourcing (BPO). B) Outsourcing. C) Offshoring. D) None of the above. Show Answer Correct Answer: B) Outsourcing. 17. What role does social media play in the marketing strategies of International Business? A) It is irrelevant for international marketing. B) It enhances brand visibility and customer engagement. C) It only benefits local marketing efforts. D) It leads to decreased customer interaction. Show Answer Correct Answer: B) It enhances brand visibility and customer engagement. 18. Which of the following is NOT a stage in the process of globalization? A) Domestication. B) Internationalization. C) Integration. D) Globalization. Show Answer Correct Answer: C) Integration. 19. Foreign direct investment (FDI) occurs when a firm invests resources in business activities outside its home country. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 20. International transfers of resources, such as people, intellectual property, and contractual assets or liabilities, do not form a part of international business. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 21. Limit of certain goods that may be imported. A) Quotas. B) Tariffs. C) Embargo. D) Balance of Payments. Show Answer Correct Answer: A) Quotas. 22. Resources available = 200 units for each countryProduction in GhanaCocoa = 10 tonsRice = 5 tonsProduction in South KoreaCocoa = 2.5 tonsRice = 10 tonsQuestion:Which country should specialize in producing Cocoa? A) Ghana. B) South Korea. C) All the above. D) None of the above. Show Answer Correct Answer: A) Ghana. 23. Which statement is true about the World Bank? A) It helps countries with money problems. B) It gives loans for building things like schools and hospitals. C) It checks if people follow rules. D) It makes and sells iPhones. Show Answer Correct Answer: B) It gives loans for building things like schools and hospitals. 24. Which statement (according to Mankiw) is true about governmental actions? A) Governments can sometimes improve market outcomes. B) Governments can never improve market outcomes. C) Governments can always improve market outcomes. D) None of the given answers is correct. Show Answer Correct Answer: A) Governments can sometimes improve market outcomes. 25. A company sets a relatively low introductory price to entice customers. This is known as: A) Competitive Pricing. B) Skim Pricing. C) Penetration Pricing. D) Loss Leader. Show Answer Correct Answer: C) Penetration Pricing. ← 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