This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 14 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. MNCs are characterized by: A) Local operations only. B) Centralized control across multiple countries. C) Government ownership. D) Operating in one country at a time. Show Answer Correct Answer: B) Centralized control across multiple countries. 2. IMF was created in year A) 1942. B) 1947. C) 1945. D) 1949. Show Answer Correct Answer: C) 1945. 3. List two economic benefits that Multi-National Enterprises (MNEs) bring to host countries. A) MNEs bring foreign direct investment and create job opportunities, stimulating economic growth in host countries. B) MNEs increase local unemployment and reduce foreign investment in host countries. C) MNEs restrict technology transfer and limit market access in host countries. D) MNEs primarily focus on extracting resources without contributing to local economies. Show Answer Correct Answer: A) MNEs bring foreign direct investment and create job opportunities, stimulating economic growth in host countries. 4. Transportation cost of trade affects: A) Pattern of trade. B) Boundaries between tradable and non-tradable goods. C) Global supply chains. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. UNIT 1:ABOUT YOUSimple ExchangesA: ..... B:Yes, my number is 34 67 22. A) Your phone number is 32 67 22. B) Is your phone number 32 67 22?. C) Are your phone number 32 67 22?. D) None of the above. Show Answer Correct Answer: B) Is your phone number 32 67 22?. 6. The word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. A) National. B) Globalization. C) International. D) Increase. Show Answer Correct Answer: B) Globalization. 7. Domestic business is defined as the making, buying, and selling of goods and services ..... a country. A) Within. B) Outside. C) All the above. D) None of the above. Show Answer Correct Answer: A) Within. 8. Franchise fees typically include: A) Initial franchise fee. B) Ongoing royalties on sales. C) Marketing and advertising fees. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Which of the following is indicates high power distance? A) Colleagues addressing each other by first name. B) A comprehensive welfare state. C) The lack of a first class compartments in trains. D) None of the above. Show Answer Correct Answer: D) None of the above. 10. To segment A) Segmenter. B) Divider. C) Partitioner. D) Sectioner. Show Answer Correct Answer: A) Segmenter. 11. What does globalization imply for companies wanting to grow? A) They must focus solely on their domestic markets. B) They need to tap international markets. C) They should limit their operations to national borders. D) They can rely only on local talent and resources. Show Answer Correct Answer: B) They need to tap international markets. 12. Diminishing returns to specialization occurs when ..... A) Each additional unit is produced with lesser number of laborers. B) A nation's gross domestic product declines for a few years. C) Production possibility frontier appears as a rectangle. D) More units of resources are required to produce each additional unit. Show Answer Correct Answer: D) More units of resources are required to produce each additional unit. 13. One possible opportunity for a business as a consequence of globalisation is: A) Able to sell products successfully in all foreign markets without changing the products. B) Able to increase prices as there will be less competition. C) More likely to be able to create a monopoly. D) Able to buy a wider range of imported materials and products. Show Answer Correct Answer: D) Able to buy a wider range of imported materials and products. 14. Mulai tahun berapakah Pandangan bahwa Intervensi Pemerintah menjadi penting dalam hubungan perdagangan internasional (yang dulunya disetujui bahwa perdagangan bebas adalah pilihan terbaik)? A) Awal 1970-an. B) Awal 1980-an. C) Awal 1990-an. D) Awal 2000-an. Show Answer Correct Answer: B) Awal 1980-an. 15. What are currency fluctuations? Changes in the value of one currency relative to ..... A) Changes in the price of gold. B) Another currency caused by government regulations. C) Another currency over a period of time. D) Another currency due to inflation. Show Answer Correct Answer: C) Another currency over a period of time. 16. Represents the total exports and imports of goods of and services going in and out of a country. A) Balance of Trade. B) Comparative Advantage. C) All the above. D) None of the above. Show Answer Correct Answer: A) Balance of Trade. 17. What is a common strategy for a company to enter a foreign market through FDI? A) Establishing a joint venture. B) Increasing import tariffs. C) Reducing product quality. D) Limiting market research. Show Answer Correct Answer: A) Establishing a joint venture. 18. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'We don't know the new manager, and he doesn't know ..... A) Him. B) Me. C) Us. D) They. Show Answer Correct Answer: C) Us. 19. The amount of currency of one country that can be traded for one unit of currency of another country. A) Money. B) Foreign Exchange. C) Exchange Rate. D) Floating Exchange Rates. Show Answer Correct Answer: C) Exchange Rate. 20. What is a Free Trade Area (FTA)? A) A group of countries that remove trade barriers among themselves. B) A single country with no trade barriers. C) A global organization regulating trade. D) A bilateral agreement between two countries. Show Answer Correct Answer: A) A group of countries that remove trade barriers among themselves. 21. Unique products that consumers make a special effort to obtain are known as . A) Convenience Goods. B) Shopping Goods. C) Specialty Goods. D) Utility Goods. Show Answer Correct Answer: C) Specialty Goods. 22. Send (goods or services) to another country for sale. A) Embargo. B) Export. C) Import. D) Tax. Show Answer Correct Answer: B) Export. 23. Why do advocates of bilateral FTAs support them? A) They see them as a convenient substitute for global free trade. B) They believe they increase trade diversion. C) They think they create fragmented rules. D) They argue they weaken large markets. Show Answer Correct Answer: A) They see them as a convenient substitute for global free trade. 24. The Foreign Exchange Regulation Act came into force in the year A) 1973. B) 1974. C) 1975. D) 1976. Show Answer Correct Answer: A) 1973. 25. A product you buy from another country is considered A) Export. B) Import. C) Trade barrier. D) None of these. Show Answer Correct Answer: B) Import. ← 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