This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 11 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Apa tujuan dari "Administrative Policies" dalam kebijakan perdagangan? A) Meningkatkan tarif impor. B) Mengatur prosedur impor dan ekspor. C) Memberikan subsidi kepada eksportir. D) Menghapuskan kuota impor. Show Answer Correct Answer: B) Mengatur prosedur impor dan ekspor. 2. How do firms benefit from committing resources to foreign markets according to the network internationalization model? A) They avoid learning from network partners. B) They create international networks and learn from network partners. C) They only focus on domestic expansion. D) They reduce their resource commitment over time. Show Answer Correct Answer: B) They create international networks and learn from network partners. 3. If countries were to trade along the lines of comparative advantage: A) A would export X to B. B) A would export Y to B. C) Neither country would want to trade. D) None of the above. Show Answer Correct Answer: A) A would export X to B. 4. A joint venture creates a separate legal entity jointly owned by partners and can reduce political risk in certain host countries. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 5. Which of the following are the branches of international finance? A) Foreign trade international franchises, international finance. B) Domestic trade, international tourism technology transfer. C) Finance, international tourism, technology transfer. D) None of the above. Show Answer Correct Answer: A) Foreign trade international franchises, international finance. 6. Factor endowment theory given by: A) David Ricardo. B) Michael E. Porter. C) Eli Heckscher & Bertil Ohlin. D) John H. Dunning. Show Answer Correct Answer: C) Eli Heckscher & Bertil Ohlin. 7. As internet access and adoption are rapidly increasing around the globe, the number of digital buyers worldwide keeps climbing every year. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 8. Sustainability refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 9. ..... duties are confined agricultural products. A) Protective duty. B) Specific duties. C) Compound duty. D) Seasonal duties. Show Answer Correct Answer: D) Seasonal duties. 10. What does universal needs mean? A) Needs that are the same all over the world, such as steel, bulk chemicals, industrial electronics. B) Economics and political demands imposed by host-country governments may require local responsiveness. C) Creating value by discovering consumer needs. D) Skills that competitors cannot easily match or imitate. Show Answer Correct Answer: A) Needs that are the same all over the world, such as steel, bulk chemicals, industrial electronics. 11. Which of the following factors is NOT considered in the economic environment? A) Per Capita Income. B) Inflation rates. C) Political stability. D) GDP Growth. Show Answer Correct Answer: C) Political stability. 12. Fill in the blank"STEP 1:Identify org.'s current ..... , objective & strategies" A) Challenge. B) Mission. C) Goal. D) Suceed. Show Answer Correct Answer: B) Mission. 13. What is currency risk management? A) Strategies to increase the impact of exchange rate fluctuations on financial transactions or investments. B) Techniques to completely eliminate the impact of exchange rate fluctuations on financial transactions or investments. C) Methods to maximize profits from exchange rate fluctuations. D) Strategies and techniques to mitigate the impact of exchange rate fluctuations on financial transactions or investments. Show Answer Correct Answer: D) Strategies and techniques to mitigate the impact of exchange rate fluctuations on financial transactions or investments. 14. Increased trade and foreign direct investment generate tax revenue for governments, which can be used for what purpose? A) Tax revenue can be used to fund public services and infrastructure development. B) Tax revenue can be used to increase private company profits. C) Tax revenue can be used to reduce international trade barriers. D) Tax revenue can be used to subsidize foreign competitors. Show Answer Correct Answer: A) Tax revenue can be used to fund public services and infrastructure development. 15. Gathered data directly from the company by using surveys, interviews, and/or focus groups. A) New product development. B) Marketing Research. C) Primary Data. D) Secondary Data. Show Answer Correct Answer: C) Primary Data. 16. How does cultural diversity impact international business? A) Cultural diversity only impacts international business in terms of food and cuisine preferences. B) Cultural diversity only impacts international business in terms of language barriers. C) Cultural diversity has no impact on international business. D) Cultural diversity impacts international business by influencing communication styles, negotiation tactics, and consumer preferences. Show Answer Correct Answer: D) Cultural diversity impacts international business by influencing communication styles, negotiation tactics, and consumer preferences. 17. How does culture impact marketing in international business? A) By influencing the pricing strategies. B) By affecting product design and advertising messages. C) By determining the legal requirements for business operations. D) By controlling the supply chain logistics. Show Answer Correct Answer: B) By affecting product design and advertising messages. 18. True or False:Without foreign trade many of the things we buy would cost more or not be available A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. Which type of financing may exclude certain products or services? A) Bank Loans. B) Export Credits. C) Letters of Credit. D) Importer Payment in Advance. Show Answer Correct Answer: B) Export Credits. 20. Foreign trade involves payments in foreign currency? A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 21. Flowers should be given in uneven numbers and unwrapped in ..... A) Korea. B) Germany. C) New Zealand. D) China. Show Answer Correct Answer: B) Germany. 22. The definition of the exchange rate of a currency is: A) The price level in the country. B) The rate at which imports can be bought from export revenue. C) The price of one currency in terms of how much it buys of another. D) The price of a currency in terms of the goods that can be bought with it. Show Answer Correct Answer: C) The price of one currency in terms of how much it buys of another. 23. What is a trade deficit? A) A positive balance of trade. B) The total flow of money into a country minus the total flow of money out of that country. C) A negative balance of trade. D) The ability to produce a specific product more efficiently than any other nation. Show Answer Correct Answer: C) A negative balance of trade. 24. A customer service representative is a product created by what type of resource? A) Capital. B) Land. C) Labor. D) None of the above. Show Answer Correct Answer: C) Labor. 25. Which of the following is NOT a key part of the international business environment? A) Geography. B) Culture. C) Political & Legal. D) Marketing. Show Answer Correct Answer: D) Marketing. ← 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