This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 12 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the main goal of "Logistics" ? A) To increase transportation costs. B) To improve the company's image. C) To optimize the distribution and storage of products. D) To simplify the purchasing process. Show Answer Correct Answer: C) To optimize the distribution and storage of products. 2. UNIT 1:ABOUT YOUDIALOGUEA:Where are you from?B: ..... A) I work as a manager at the International Bank. B) I work for the International Bank, in Bangkok. C) I'm from Bangkok, Thailand. D) I'm from manager the office in Bangkok. Show Answer Correct Answer: B) I work for the International Bank, in Bangkok. 3. You email a supplier asking "Can you confirm?" They reply: "Yes." What is the problem? A) Wrong tone. B) No written proof. C) Unclear what is confirmed. D) One word response. Show Answer Correct Answer: C) Unclear what is confirmed. 4. Is relevant because it is considered to contribute to an individual's quality of life A) Standard of Metrics. B) Standard of Living. C) Standard of Weights and Tariffs. D) Standard of Taxes. Show Answer Correct Answer: B) Standard of Living. 5. What does a tariff refer to? A) A partnership formed to create competitive advantage. B) A firm that operates on a worldwide scale. C) Taxes on imports and occasionally exports. D) A certain amount must be imported from another country. Show Answer Correct Answer: C) Taxes on imports and occasionally exports. 6. Which of the following describes the political and legal environment in international business? A) The influence of technology on trade. B) The impact of government policies and regulations. C) The cultural differences affecting business practices. D) The availability of natural resources. Show Answer Correct Answer: B) The impact of government policies and regulations. 7. A country's ..... is defined as the difference between money that goes into and out of the country. A) Balance of trade. B) Balance of payments. C) Balance of money. D) Balance of power. Show Answer Correct Answer: B) Balance of payments. 8. The culture in some businesses does encourage people to think through the ethical consequences of business decisions. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 9. What is the main benefit of franchising for the franchise owner? A) They can access global markets without large investments. B) They retain full control over the brand. C) They avoid sharing profits. D) They can import goods easily. Show Answer Correct Answer: A) They can access global markets without large investments. 10. Capitalistic, communistic and mixed are the types of A) Political system. B) Economic system. C) Social system. D) Cultural attitude. Show Answer Correct Answer: B) Economic system. 11. Low-cost global communications networks and global media contribute to: A) The reduction of international trade barriers. B) The creation of a worldwide culture and a global market for consumer products. C) The need for firms to limit production to local markets. D) The decline of international business activities. Show Answer Correct Answer: B) The creation of a worldwide culture and a global market for consumer products. 12. A company adapting its products to suit local tastes is an example of: A) Global standardization strategy. B) Multidomestic strategy. C) Centralized production. D) Cost leadership strategy. Show Answer Correct Answer: B) Multidomestic strategy. 13. According to Adam Smith, A country should specialize in the production of a good when it has ..... A) An absolute advantage in the production of the good. B) A strong domestic demand for the good. C) The ability to help country increase its national output. D) The necessary raw materials for production. Show Answer Correct Answer: A) An absolute advantage in the production of the good. 14. Tourism received by a certain country A) Receptive tourism. B) Border tourism. C) All the above. D) None of the above. Show Answer Correct Answer: A) Receptive tourism. 15. South Korea, Taiwan, Hong Kong, and Singapore are all examples of the A) Pacific Reef. B) Pacific Reach. C) Pacific Railway. D) Pacific Rim. Show Answer Correct Answer: D) Pacific Rim. 16. What is the meaning of the term 'exchange rate'? A) The rate at which goods and services are exchanged between countries. B) The rate at which interest is exchanged between banks. C) The value of one currency in relation to another currency. D) The rate at which stocks and bonds are traded on the stock exchange. Show Answer Correct Answer: C) The value of one currency in relation to another currency. 17. Businesses seeking funding for expansion and growth can approach private equity firms and ..... that invest in promising ventures. A) Venture capitalists. B) Accountants. C) Retailers. D) Suppliers. Show Answer Correct Answer: A) Venture capitalists. 18. Discuss the concept of licensing as a mode of foreign market entry. A) Licensing allows a company in one country to grant certain rights to a company in another country in exchange for royalties or other compensation. B) Licensing is a method of selling products directly to consumers. C) Licensing is a type of driver's permit. D) Licensing is a form of currency exchange. Show Answer Correct Answer: A) Licensing allows a company in one country to grant certain rights to a company in another country in exchange for royalties or other compensation. 19. White Colour Bill of Entry is for: A) Warehousing. B) Ex-bond Bill of Entry. C) Home Consumption. D) None of these. Show Answer Correct Answer: C) Home Consumption. 20. Are the stakeholders affected on the managers decision on ethical issue? A) Yes!. B) No!. C) Maybe!. D) I don't know?. Show Answer Correct Answer: A) Yes!. 21. International business refers to ..... A) Global. B) Transactional. C) Both a & b. D) None of them are true. Show Answer Correct Answer: C) Both a & b. 22. An organization or enterprising entity engaged in commercial, industrial, or professional activities. A) Goods or services. B) Business. C) International business. D) Licensing. Show Answer Correct Answer: B) Business. 23. If one company takes over another company (the purchase of one company by another) and establishes itself as the new owner (no new company is formed) what is type of the corporate's strategy? A) Joint venture. B) Merger. C) Acquisition. D) New opening. Show Answer Correct Answer: C) Acquisition. 24. Which organization is primarily responsible for resolving trade disputes between member nations? A) IMF. B) World Bank. C) WTO. D) OECD. Show Answer Correct Answer: C) WTO. 25. What are the main drivers of international trade? A) Government regulations. B) Supply and demand, comparative advantage, and economies of scale. C) Tariffs and trade barriers. D) Currency exchange rates. Show Answer Correct Answer: B) Supply and demand, comparative advantage, and economies of scale. ← 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