This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 106 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 106 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Franchising differs from licensing in the sense that it usually requires the franchisee to follow much stricter guidelines in running the business than does licensing. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 2. Why do workers benefit from international trade? A) They have more options as consumers. B) Real wages have risen. C) Export wages have risen. D) Trade creates greater employment opportunity. Show Answer Correct Answer: A) They have more options as consumers. 3. What are the benefits of FDI to home countries? A) FDI benefits home countries by boosting economic growth, creating jobs, enhancing competitiveness, fostering innovation, and improving trade balances. B) FDI harms home countries by reducing local investments. C) FDI leads to job losses and economic decline. D) FDI decreases innovation and trade opportunities. Show Answer Correct Answer: A) FDI benefits home countries by boosting economic growth, creating jobs, enhancing competitiveness, fostering innovation, and improving trade balances. 4. In 1979, the Shah of Iran was overthrown and a new government was established. This government immediately seized control of all US companies and assets in Iran. This is an example of A) Privatization. B) Expropriation. C) Commercial Risk. D) Granting most favored nation status. Show Answer Correct Answer: B) Expropriation. 5. Business across several countries with some decentralization of management decision making to subsidiaries is A) Global business. B) Multinational business. C) Transnational business. D) Multi-regional business. Show Answer Correct Answer: C) Transnational business. 6. Fenomena Big Bang di Inggris yang mengakibatkan runtuhnya batasan-batasan antara perbankan dan broker saham dan membuka gerbang pasar modal Inggris menuju dunia internasional terjadi pada ..... A) Oktober 1968. B) Oktober 1986. C) Desember 1980. D) Deember 1966. Show Answer Correct Answer: B) Oktober 1986. 7. What is liquidity? A) The process of converting foreign currency. B) The ease with which assets can be converted to cash. C) A type of international loan agreement. D) The profit margin on international sales. Show Answer Correct Answer: B) The ease with which assets can be converted to cash. 8. Which theory explains that a nation's competitiveness depends on factor conditions, demand conditions, related and supporting industries, and firm rivalry? A) Absolute Advantage Theory. B) Internalization Theory. C) Product Life Cycle Theory. D) Porter's Diamond Theory. Show Answer Correct Answer: D) Porter's Diamond Theory. 9. What are the risks associated with foreign exchange management? A) Market volatility risk. B) The risks associated with foreign exchange management include currency risk, interest rate risk, credit risk, liquidity risk, and operational risk. C) Technological advancement risk. D) Regulatory compliance risk. Show Answer Correct Answer: B) The risks associated with foreign exchange management include currency risk, interest rate risk, credit risk, liquidity risk, and operational risk. 10. Global Standardization Strategy only focuses in increasing profitability. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 11. This refers to the reductions in unit cost achieved by producing a large volume of product A) Experience curve. B) Economies of scale. C) Learning effects. D) A global web. Show Answer Correct Answer: B) Economies of scale. 12. More expansion of foreign direct investment can boost A) Money circulation. B) Unemployment. C) Employment. D) Demand. Show Answer Correct Answer: C) Employment. 13. A Multi-National Corporation (MNC) is best described as a company that: A) Exports products to at least one foreign country. B) Owns or controls production/service facilities in more than one country. C) Has a website accessible globally. D) Employs people from different nationalities in its home office. Show Answer Correct Answer: B) Owns or controls production/service facilities in more than one country. 14. SMEs in the US are firms with fewer than 250 employees. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 15. Pasar Modal pada tahun 2019 mencatatkan ukuran ..... kali lebih besar daripada ekonomi dunia A) 2. B) 3. C) 4. D) 5. Show Answer Correct Answer: C) 4. 16. Pihak-Pihak yang membutuhkan pemodalan dalam pasar modal adalah sebagai berikut, kecuali ..... A) Individu. B) Perusahaan. C) Pemerintah. D) Asuransi. Show Answer Correct Answer: D) Asuransi. 17. Which of the following lists the FOUR subaccounts that add up to give the current account balance? A) Goods, Services, Income, Current Transfers. B) Goods, Capital, Financial, Services. C) Income, Financial, Capital, Transfers. D) Goods, Services, Capital, Financial. Show Answer Correct Answer: A) Goods, Services, Income, Current Transfers. 18. The speaker mentioned stereotypes associated with the Dutch, including the color orange and the red light district in Amsterdam. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 19. ..... is (are) all goods and services produced or based in one country that are sold abroad. A) Necessities. B) Exports. C) Global Licensing. D) Imports. Show Answer Correct Answer: B) Exports. 20. The standard of something as measured against other things of a similar kind; the degree of excellence of something. A) Process. B) Procedures. C) Quality. D) Distribution and delivery. Show Answer Correct Answer: C) Quality. 21. Which entry mode involves granting another firm the right to produce and sell your product in exchange for a fee? A) Franchising. B) Licensing. C) Joint Venture. D) Exporting. Show Answer Correct Answer: B) Licensing. 22. According to the absolute advantage theory, a country should specialize in producing goods that it can produce with A) Equal resources or at an equal cost. B) More resources or at a higher cost. C) Less resources or at a lower cost. D) No resources or at no cost. Show Answer Correct Answer: C) Less resources or at a lower cost. 23. How do exchange rates affect international trade? A) Exchange rates influence the cost of exports and imports, impacting international trade dynamics. B) Exchange rates are determined solely by government policies. C) Exchange rates only affect domestic markets. D) Exchange rates have no impact on trade agreements. Show Answer Correct Answer: A) Exchange rates influence the cost of exports and imports, impacting international trade dynamics. 24. Which agency was established to lend money to the governments of troubled states? A) GATT. B) IMF. C) WTO. D) FDI. Show Answer Correct Answer: B) IMF. 25. The WTO replaced GATT in 1995 as the main international organization for regulating trade. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← 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