This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 105 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 105 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What does the World Trade Organization (WTO) enforce and regulate among its member countries? A) Global trade rules. B) Environmental regulations. C) Domestic economic policies. D) Immigration and citizenship. Show Answer Correct Answer: A) Global trade rules. 2. Which of the following is a major benefit of engaging in free trade? A) It helps to reduce the financial volatility in global markets. B) It helps the countries protect the jobs that are available to their citizens. C) It gives countries access to products that they cannot produce. D) It allows the governments to exert more control on businesses. Show Answer Correct Answer: C) It gives countries access to products that they cannot produce. 3. All commercial transactions, both private and public between nations of the world A) International business. B) Trade. C) Outsourcing. D) Offshoring. Show Answer Correct Answer: A) International business. 4. How does cultural diversity impact decision-making in International Business? A) It leads to more informed decisions. B) It hinders decision-making processes. C) It has no effect on decision-making. D) It limits creativity in decision-making. Show Answer Correct Answer: A) It leads to more informed decisions. 5. Which of the following is a major flaw associated with mercantilism? A) Mercantilists do not support government intervention in trade. B) Mercantilists view trade as a zero-sum game. C) Mercantilists recommend policies to maximize imports. D) Mercantilists recommend countries to maintain a negative trade balance. Show Answer Correct Answer: B) Mercantilists view trade as a zero-sum game. 6. Purchasing the right to use a business process in a specific way ex. McDonald's, Burger King, KFC and Pizza Hut * * A) Licensing. B) Joint venture. C) Franchising. D) Infrastructure. Show Answer Correct Answer: C) Franchising. 7. How does international trade lead to specialization? A) By discouraging the production of different goods in different countries. B) By promoting the production of goods with the highest production costs. C) By restricting the production of goods to a few select industries. D) By encouraging the division of labor and production of different goods in different countries. Show Answer Correct Answer: D) By encouraging the division of labor and production of different goods in different countries. 8. Salah satu efek dari deregulasi pasar modal secara global adalah mengakibatkan negara yang kurang kuat secara ekonomi beresiko untuk tumbang karena ..... A) Aliran Modal Asing yang Bersifat Spekulatif. B) Kurangnya Ketertarikan Asing Terhadap Pasar Modal Negara Tersebut. C) Perbedaan Tingkat Informasi dan Pengetahuan Keuangan. D) Ketidakefisienan Negara Tersebut dalam Mengelola Modal. Show Answer Correct Answer: A) Aliran Modal Asing yang Bersifat Spekulatif. 9. The speaker mentioned that the Dutch sense of humor is often blunt, direct, and sexually connotated. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 10. Which of the following is an example of protectionism? A) Lowering import duties. B) Offering subsidies to domestic industries. C) Removing non-tariff barriers. D) Promoting free trade agreements. Show Answer Correct Answer: B) Offering subsidies to domestic industries. 11. What are the dimensions of globalization? A) Economic, political, and environmental. B) Cultural, technological, and social. C) Economic, cultural, political, and technological. D) Social, technological, and legal. Show Answer Correct Answer: C) Economic, cultural, political, and technological. 12. Which of the following is NOT one of the Four Asian Tigers known for high economic growth? A) Hong Kong. B) Taiwan. C) Japan. D) South Korea. Show Answer Correct Answer: C) Japan. 13. Strategy to get A in PBS3233 A) Flattering with lecturer. B) Hardworking. C) Answer all assessment correctly. D) Doing the best in final exam. Show Answer Correct Answer: C) Answer all assessment correctly. 14. Bob is a journalist who intends to spend the next five months exploring Konesia. In order to be able to fit in with the locals, he studies their culture in detail. He familiarizes himself with their tastes and preferences, takes note of their taboos, and memorizes many of their sayings and phrases. Which of the following terms best describes his actions? A) Material culture. B) Popular culture. C) Cultural imperialism. D) Cultural literacy. Show Answer Correct Answer: D) Cultural literacy. 15. What is the primary focus of International Management? A) Domestic market expansion. B) Global business operations. C) Local business strategies. D) Financial management. Show Answer Correct Answer: B) Global business operations. 16. What is cross-border e-commerce and how has it evolved? A) Cross-border e-commerce is the online trade of goods and services across international borders, evolving through technology, globalization, and improved logistics. B) Cross-border e-commerce has not changed since the 1990s. C) Cross-border e-commerce is limited to domestic sales. D) It refers to the physical movement of goods only within a country. Show Answer Correct Answer: A) Cross-border e-commerce is the online trade of goods and services across international borders, evolving through technology, globalization, and improved logistics. 17. What do governments aim to achieve by formulating trade policies? A) To regulate domestic industries. B) To enforce strict immigration laws. C) To control environmental regulations. D) To protect domestic industries and promote exports. Show Answer Correct Answer: D) To protect domestic industries and promote exports. 18. Which trade policy instrument imposes a tax on imported goods to protect local industries? A) Subsidies on domestic firms. B) Tariffs on foreign goods. C) Voluntary export limits. D) Local content mandates. Show Answer Correct Answer: B) Tariffs on foreign goods. 19. When discussing culture, the focus is on individuals rather than groups of people. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 20. What are the different types of joint ventures? A) Equity joint ventures:Involves two or more parties contributing capital to the venture. B) Contractual joint ventures:Involves two or more parties collaborating on a project without forming a separate legal entity. C) Strategic alliances:Partnerships formed to achieve specific goals, such as research and development or marketing. D) All of the above. Show Answer Correct Answer: D) All of the above. 21. Culture shock A) Tendency of people to belong to groups or collectives and to look after each other in exchange for loyalty. B) Personal disorientation when experiencing an unfamiliar way of life. C) Flatter and decentralized organization structures, smaller ratio of supervisors. Employees are more likely to question their bosses. Participative management may be used. D) None of the above. Show Answer Correct Answer: B) Personal disorientation when experiencing an unfamiliar way of life. 22. What is a key advantage of being a first mover in a new foreign market? A) Lower initial investment costs. B) The ability to capture demand ahead of competitors. C) Guaranteed long-term success. D) Avoiding the need to learn about the market. Show Answer Correct Answer: B) The ability to capture demand ahead of competitors. 23. When the goods have been loaded on the ship then the captain of the ship gives a receipt of receiving the goods which is called ..... A) Railway Receipt. B) Shipping Order. C) Shipping Bill. D) Mate's Receipt. Show Answer Correct Answer: D) Mate's Receipt. 24. Arsitektur organisasi terpusat dalam bisnis internasional ditandai dengan: A) Otonomi tinggi bagi unit bisnis lokal. B) Pengambilan keputusan yang sentral di markas besar perusahaan. C) Aliansi strategis dengan perusahaan lokal. D) Struktur organisasi yang fleksibel dan terdesentralisasi. Show Answer Correct Answer: B) Pengambilan keputusan yang sentral di markas besar perusahaan. 25. What is a business called that sells goods to foreign countries? A) Exporting business. B) Importing business. C) Multinational enterprise. D) Associated business. Show Answer Correct Answer: A) Exporting business. ← 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