This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 104 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 104 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Platform elektronik untuk perdagangan saham di bursa Amerika yang juga menjadi indeks komposit saham teknologi AS disebut dengan ..... A) NYSE. B) NASDAQ. C) JCI. D) RUSSEL. Show Answer Correct Answer: B) NASDAQ. 2. What are some assumptions that need to be questioned when doing business internationally? A) Assuming the U.S. dollar will hold its value. B) Assuming you can pay employees any amount. C) Assuming the government will not mind opening another business. D) Assuming the local tastes and preferences are the same. Show Answer Correct Answer: C) Assuming the government will not mind opening another business. 3. Why does the United States need to import products? A) The US does not import products. B) Some are easier and cheaper to make in other countries. C) The US makes all of its own products. D) None of the above. Show Answer Correct Answer: B) Some are easier and cheaper to make in other countries. 4. A company that would like to build a golf course that could be played year round would need to consider which component of the international business environment? A) Environmental. B) Social. C) Economic. D) Political. Show Answer Correct Answer: A) Environmental. 5. Goods and services purchased abroad and brought into a country are called ..... A) Gross domestic products. B) Gross national products. C) Imports. D) Exports. Show Answer Correct Answer: C) Imports. 6. One seller controls the entire market for a product or service, usually government-regulated. A) Monopoly. B) Pure Competition. C) Oligopoly. D) Competition. Show Answer Correct Answer: A) Monopoly. 7. GATS covers which areas most directly? A) Agricultural subsidy ceilings. B) Patent examination procedures. C) Telecommunications and banking services. D) Tariff bindings on merchandise. Show Answer Correct Answer: C) Telecommunications and banking services. 8. ..... is the application of knowledge that redefines the boundaries of global business. A) Technology. B) Society. C) Economy. D) Cultural Values. Show Answer Correct Answer: A) Technology. 9. Open trade in goods and services and free flow of foreign direct investment will enhance the well-being of which of the following groups? A) Consumers, producers, and the government. B) Only producers. C) Only the government. D) Only consumers. Show Answer Correct Answer: A) Consumers, producers, and the government. 10. Mengapa anak perusahaan asing dapat menjadi sumber pengetahuan dan keahlian yang berharga bagi perusahaan induk? A) Anak perusahaan asing dapat memberikan akses ke pasar internasional. B) Anak perusahaan asing dapat memperbaiki hubungan dengan pemasok lokal. C) Anak perusahaan asing dapat mengembangkan teknologi baru. D) Anak perusahaan asing dapat memahami dinamika pasar lokal. Show Answer Correct Answer: D) Anak perusahaan asing dapat memahami dinamika pasar lokal. 11. What Important event happened that led to the entry of foreign companies into India? A) Indian cricket team won the world cup in 1991. B) Amazon was founded and launched by Jeff Bezos. C) Manmohan Singh opened the Indian economy. D) The fall of the housing market. Show Answer Correct Answer: C) Manmohan Singh opened the Indian economy. 12. The theory of comparative advantage was first introduced by: A) Adam Smith. B) David Ricardo. C) Raymond Vernon. D) Michael Porter. Show Answer Correct Answer: B) David Ricardo. 13. What is a disadvantage of indirect distribution channels in international markets? A) Higher costs due to intermediaries. B) Limited reach to end consumers. C) Difficulty in product adaptation. D) Ineffective pricing strategies. Show Answer Correct Answer: A) Higher costs due to intermediaries. 14. Effective policy measures that promote Globalization which is not included A) Anticorruption Policies. B) Competitive Market. C) Bad Governance. D) Property Rights. Show Answer Correct Answer: C) Bad Governance. 15. What is Supply Chain Visibility? A) The transparency in pricing throughout the supply chain. B) The physical ability to see products in warehouses. C) Real-time tracking and transparency across the entire supply network. D) The visibility of supply chain costs to customers. Show Answer Correct Answer: C) Real-time tracking and transparency across the entire supply network. 16. What IS NOT one of the four factors that affect international business? A) Geographic Conditions. B) Economic Conditions. C) Political and legal factors. D) Cultural and Athletic standards. Show Answer Correct Answer: D) Cultural and Athletic standards. 17. When a foreign company builds a project and hands it over ready-to-use, it is called: A) Outsourcing. B) Licensing. C) Turnkey projects. D) Exporting. Show Answer Correct Answer: C) Turnkey projects. 18. The ..... was a multilateral agreement whose objective was to liberalize trade by eliminating tariffs, subsidies, import quotas and the like A) GATT. B) WTO. C) International tariff treaty. D) Protetionist agreement. Show Answer Correct Answer: A) GATT. 19. Firms that enter new markets can benefit from economies of scale and diversified revenue streams. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. ..... occurs when two parties agree to exchange currency and execute the deal at some specific date in the future. A) Currency arbitrage. B) Forward exchange. C) Spot currency exchange. D) Restricted trade. Show Answer Correct Answer: B) Forward exchange. 21. Which Hofstede dimension assesses the extent to which less powerful members of organizations and institutions expect and accept that power is distributed unequally? A) Individualism-Collectivism. B) Power Distance. C) Uncertainty Avoidance. D) Masculinity-Femininity. Show Answer Correct Answer: B) Power Distance. 22. Which countries are founding members of the Andean Community? A) Argentina, Brazil, Chile. B) Colombia, Peru, Ecuador, Bolivia. C) Mexico, Guatemala, Costa Rica. D) Venezuela, Paraguay, Uruguay. Show Answer Correct Answer: B) Colombia, Peru, Ecuador, Bolivia. 23. Looking at someone's forehead or shoulders rather than at the eyes A) Emirate. B) Nonverbal Signal. C) Indirect Eye Contact. D) Shura. Show Answer Correct Answer: C) Indirect Eye Contact. 24. When designing a marketing plan, companies should start with which of the following? A) Customers. B) Profit Goals. C) The Supply Chain. D) Competitor Analysis. Show Answer Correct Answer: A) Customers. 25. What is a key criticism of bilateral trade and investment agreements? A) They increase trade diversion. B) They promote global free trade. C) They eliminate fragmented rules. D) They reduce bargaining power of large markets. Show Answer Correct Answer: A) They increase trade diversion. ← 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