This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 103 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 103 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Supporters of falling trade barriers believe that countries will specialize in what they do most efficiently and trade for other goods, resulting in benefits for all countries. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 2. What are the different market entry strategies? A) Exporting, licensing, franchising, joint ventures, and direct investment. B) E-commerce, crowdfunding, angel investing, venture capital. C) Importing, leasing, outsourcing, mergers and acquisitions. D) Strategic alliances, divestitures, greenfield investments, piggybacking. Show Answer Correct Answer: A) Exporting, licensing, franchising, joint ventures, and direct investment. 3. What are basic four international strategic orientations of the enterprise: A) ETHNOCENTRIC, POLYCENTRIC, GLOBAL, DUAL. B) ETHNOCENTRIC, LOCAL, DUAL, POLYCENTRIC. C) MULTICULTURAL, SINGLE, POLYCENTRIC, GLOBAL. D) MULTICULTURAL, MARKETING, ETHNOCENTRIC, GLOBAL. Show Answer Correct Answer: A) ETHNOCENTRIC, POLYCENTRIC, GLOBAL, DUAL. 4. Which of these is a Basic Factor Condition? A) Skilled workers. B) Research centers. C) Beautiful beaches. D) Technology. Show Answer Correct Answer: C) Beautiful beaches. 5. It is the accounting instrument that reports the transactions of a country with the rest of the world. A) Interest rate. B) Balence of payments. C) Payment accounts. D) None of the above. Show Answer Correct Answer: B) Balence of payments. 6. A technology that allows your phone and a payments terminal to process contactless payments. A) Magnetic Stripe Technology. B) QR Code Scanning. C) Bluetooth Connectivity. D) Near Field Communication (NFC). Show Answer Correct Answer: D) Near Field Communication (NFC). 7. An/A (a) views public government as unnecessary and unwanted because it tramples personal liberties. A) A. anarchist. B) Confusionist. C) Pluralist. D) Democrat. E) Rebel. Show Answer Correct Answer: A) A. anarchist. 8. Which entity engages in output-and price-fixing involving multiple competitors? A) Monopoly. B) Cartel. C) Oligopoly. D) Duopoly. Show Answer Correct Answer: B) Cartel. 9. EPZ full form A) Experince Processing Zone. B) Expert Processing Zone. C) Export Processing Zone. D) Economic Processing Zone. Show Answer Correct Answer: C) Export Processing Zone. 10. An exchange of a good or service. A) Trade. B) Trade barrier. C) Ethics. D) Import. Show Answer Correct Answer: A) Trade. 11. The opportunity cost of one DVD in South Korea is: A) One-half ton of steel. B) One ton of steel. C) One and one-half tons of steel. D) Two tons of steel. Show Answer Correct Answer: A) One-half ton of steel. 12. A company that conducts business in several countries and is capable of conducting business worldwide A) Multinational Corporation. B) Global Strategy. C) Multinational Strategy. D) Foreign Exchange. Show Answer Correct Answer: A) Multinational Corporation. 13. What are the key factors to consider when conducting market research for international business? A) Understanding the target market and nothing else. B) Understanding the target market, cultural differences, language barriers, legal and regulatory requirements, competition, and economic factors. C) Not considering legal and regulatory requirements. D) Ignoring cultural differences and language barriers. Show Answer Correct Answer: B) Understanding the target market, cultural differences, language barriers, legal and regulatory requirements, competition, and economic factors. 14. What are exchange controls? A) Taxes imposed on imported goods. B) Regulations that restrict the amount of currency that can be bought or sold. C) Laws that limit the quantity of goods that can be traded. D) Policies that determine the price of goods in international trade. Show Answer Correct Answer: B) Regulations that restrict the amount of currency that can be bought or sold. 15. Country A has an absolute advantage in A) Product X. B) Product Y. C) Neither X nor Y. D) Both X and Y. Show Answer Correct Answer: D) Both X and Y. 16. A firm has to become a multinational enterprise, investing directly in operations in other countries, to engage in international business. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 17. Which one of the following organisations lay stress on liberalization of foreign trade and foreign investment? A) International Monetary Fund. B) International Labour Organisation. C) World Health Organisation. D) World Trade Organisation. Show Answer Correct Answer: D) World Trade Organisation. 18. The amount by which the value of a country's exports exceeds the cost of its imports. A) Trade deficit. B) Balance of trade. C) Import surplus. D) Trade surplus. Show Answer Correct Answer: D) Trade surplus. 19. What does dumping refer to in international trade? A) The act of a country or business selling products at more than what it costs to produce them. B) The act of a country or business selling products at less than what it costs to produce them. C) The disposal of excess goods without any commercial value. D) The act of a country or business importing products at a loss. Show Answer Correct Answer: B) The act of a country or business selling products at less than what it costs to produce them. 20. What is Export Trade? A) The purchase or buying of goods or services from a foreign country for consumption in the importing country. B) The sale of goods to a foreign country. C) The export of goods from one country to another. D) The re-export of goods from a third country. Show Answer Correct Answer: B) The sale of goods to a foreign country. 21. Sam speaks Spanish in his house. Which element of culture does this fall up under? A) Beliefs. B) Culture. C) Language. D) Literature. Show Answer Correct Answer: C) Language. 22. Which of the following is a type of trade barrier that imposes a tax on imported goods? A) Subsidy. B) Quota. C) Tariff. D) Embargo. Show Answer Correct Answer: C) Tariff. 23. What does absolute advantage refer to? A) The total value of a nation's exports minus the total value of its imports. B) The ability to produce a specific product more efficiently than any other nation. C) A negative balance of trade. D) The total flow of money into a country minus the total flow of money out of that country. Show Answer Correct Answer: B) The ability to produce a specific product more efficiently than any other nation. 24. Which of the following BEST describes how MNEs support SDG (Sustainable Development Goals)? A) Focus only on profit maximization. B) Reduce environmental impact. C) Ignore local communities. D) Centralize operations globally. Show Answer Correct Answer: B) Reduce environmental impact. 25. Explain the concept of franchising in international business. A) Franchising is a method of acquiring government contracts internationally. B) Franchising is a method of expanding a business internationally by allowing local operators to use the franchisor's brand and business model. C) Franchising involves selling products directly to consumers without a brand. D) Franchising is a way to invest in stocks of foreign companies. Show Answer Correct Answer: B) Franchising is a method of expanding a business internationally by allowing local operators to use the franchisor's brand and business model. ← 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