This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 15 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How can understanding cultural differences enhance negotiation strategies in international business? A) Understanding cultural differences can lead to misunderstandings and conflicts. B) It simplifies negotiations by standardizing practices across cultures. C) Cultural differences are irrelevant in negotiation processes. D) It allows for more effective communication and relationship building, improving negotiation outcomes. Show Answer Correct Answer: D) It allows for more effective communication and relationship building, improving negotiation outcomes. 2. What is the definition of international business? A) Transactions within a country. B) Transactions across national borders. C) Transactions within a continent. D) Transactions within a region. Show Answer Correct Answer: B) Transactions across national borders. 3. Which one of the following is not amongst India's major export items? A) Textiles and garments. B) Oil and petroleum products. C) Gems and jewellery. D) Basmati rice. Show Answer Correct Answer: B) Oil and petroleum products. 4. GDP allows a more direct comparison of living standards in different countries than other measures. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 5. Select example of Indian Multinational Company. A) Hindusthan Unilever. B) Cargill. C) Videocon. D) Tesco. Show Answer Correct Answer: C) Videocon. 6. What role does the WTO play in international business? A) Facilitating trade agreements and resolving disputes. B) Monitoring the stock market. C) Ensuring cultural alignment in business. D) None of the above. Show Answer Correct Answer: A) Facilitating trade agreements and resolving disputes. 7. SEZs located in ..... Funcational area A) 6. B) 7. C) 8. D) 9. Show Answer Correct Answer: C) 8. 8. Items bought from other countries are A) Imports. B) Exports. C) Balance of trade. D) Exchange rate. Show Answer Correct Answer: A) Imports. 9. Individualizes goods and services for the country in which it operates A) Multinational Corporation. B) Global Strategy. C) Multinational Strategy. D) Foreign Exchange. Show Answer Correct Answer: C) Multinational Strategy. 10. Refusing to buy, sell or use certain groups A) Rebellion. B) Boycott. C) Tax. D) Rebellion. Show Answer Correct Answer: B) Boycott. 11. UNIT 1:ABOUT YOUTELEPHONE NUMBERSSix two eight three five double oh nine two A) 628350092. B) 628350992. C) 628355092. D) 628350922. Show Answer Correct Answer: A) 628350092. 12. ..... is the belief in the superiority of one's own ethnic group or culture. A) Power distance. B) Ethnocentrism. C) Individualism. D) Dynamism. Show Answer Correct Answer: B) Ethnocentrism. 13. Globalization can be defined only in terms of markets but not in terms of production. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 14. Which was not an example of a global market entry mode? A) Licensing. B) Franchising. C) Joint Venture. D) Capitalism. Show Answer Correct Answer: D) Capitalism. 15. A company that owns production facilities in multiple countries is called: A) Domestic firm. B) Multinational enterprise (MNE). C) Small-medium enterprise (SME). D) Local trader. Show Answer Correct Answer: B) Multinational enterprise (MNE). 16. Which of the following is a difficulty of conducting international market research? A) Availability of data. B) High costs of research. C) Limited market size. D) Lack of competitors. Show Answer Correct Answer: A) Availability of data. 17. The knowledge of both strategic management and entrepreneurship enhances one's understanding of international business. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 18. THIS IS AN INTERNATIONAL PRICE DISCRIMINATION PRACTICE A) INFANT INDUSTRY. B) CONSERVATION OF NATURAL RESOURCES. C) NATIONAL DEFENSE. D) DUMPING. E) RETALIATION. Show Answer Correct Answer: D) DUMPING. 19. Which of the following would characterize a nation with high degree of economic freedom? A) Low tariffs. B) Strict trade policies. C) Government interventions. D) Flourishing black markets. Show Answer Correct Answer: A) Low tariffs. 20. The A in AIDA stands for: A) Attentive. B) Awareness. C) Analog. D) Alternative. Show Answer Correct Answer: B) Awareness. 21. What is absolute advantage? A) A situation where a country has no competition in producing a good. B) A monopoly that exists when a country is the only source or the most efficient producer of an item. C) The ability of a country to produce a good at lower cost than another country. D) The practice of selling goods below cost to undermine competitors. Show Answer Correct Answer: B) A monopoly that exists when a country is the only source or the most efficient producer of an item. 22. What is the primary focus of the "Demographic Environment" in global marketing? A) Legal regulations. B) Population characteristics. C) Technological advancements. D) Political stability. Show Answer Correct Answer: B) Population characteristics. 23. In International Business, where do the buyer and seller belong? A) Both belong to the same country. B) Buyer belongs to a region, seller belongs to a country. C) Both belong to different countries. D) Buyer belongs to a country, seller belongs to a region. Show Answer Correct Answer: C) Both belong to different countries. 24. UNIT 1:ABOUT YOUVocabulary:a/anIs she an ..... ? A) A German. B) An accountant. C) A Japanese. D) Lawyer. Show Answer Correct Answer: B) An accountant. 25. A major difference between Domestic and International Business is that International Business involves: A) A single currency. B) Homogeneous cultures. C) Multiple legal systems and exchange rate risks. D) Less government intervention. Show Answer Correct Answer: C) Multiple legal systems and exchange rate risks. ← 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