This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 16 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. World Bank's official goal is ..... A) Reduction of poverty. B) Economic Growth. C) Increase export. D) Facilitating international trade. Show Answer Correct Answer: A) Reduction of poverty. 2. What do critics argue about the impact of globalization on labor policies and the environment? A) It leads to stricter enforcement of labor and environmental regulations in all countries. B) It encourages firms to move production to countries with lax or non-existent labor and environmental regulations. C) It results in higher environmental and labor standards globally. D) It has no significant impact on labor policies and environmental regulations. Show Answer Correct Answer: B) It encourages firms to move production to countries with lax or non-existent labor and environmental regulations. 3. Host countries often have a love-hate relationship with MNEs because: A) MNEs bring investment and jobs but may also exploit resources or influence local policies. B) MNEs always provide only positive benefits to host countries. C) Host countries dislike MNEs due to cultural differences only. D) MNEs never impact the local economy. Show Answer Correct Answer: A) MNEs bring investment and jobs but may also exploit resources or influence local policies. 4. In societies where trust is high, ..... A) People tend to be more future-oriented. B) Business costs are typically lower. C) People tend to be more fatalistic. D) Family businesses are dominant. Show Answer Correct Answer: B) Business costs are typically lower. 5. Which situation often favors acquiring an existing firm over establishing a greenfield subsidiary when entering a foreign market? A) No suitable local firms are available to buy. B) A desire to build an operation from scratch to embed the parent firm's culture. C) The need for rapid market access and access to established distribution networks and local expertise. D) Strict regulatory barriers that make ownership transfer illegal. Show Answer Correct Answer: C) The need for rapid market access and access to established distribution networks and local expertise. 6. A ban on trade with another country for one or all of its goods. A) Embargo. B) Free trade. C) Market. D) Tariff. Show Answer Correct Answer: A) Embargo. 7. The Theory of Absolute Cost Advantage is given by A) Adam smith. B) D. Richardo. C) Raymond Varnoon. D) Porter. Show Answer Correct Answer: A) Adam smith. 8. An example of domestic business is when a person living in Canada buys a product made in Germany. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 9. Which of the following is NOT a characteristic of capitalism? A) Private ownership of assets. B) Right to profit from individual effort. C) State control of factors of production. D) Private control of investment. Show Answer Correct Answer: C) State control of factors of production. 10. Consumers have no benefits after NAFTA A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 11. What role does trade regulation play in international business? A) Trade regulation solely focuses on tariffs and taxes. B) Trade regulation only benefits large corporations. C) Trade regulation plays a crucial role in ensuring fair practices, compliance, and stability in international business. D) Trade regulation is irrelevant in digital commerce. Show Answer Correct Answer: C) Trade regulation plays a crucial role in ensuring fair practices, compliance, and stability in international business. 12. ..... is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally. A) Bill of Lading. B) Letter of Credit. C) Open Account. D) Drafts. Show Answer Correct Answer: B) Letter of Credit. 13. What principle guides a country's decision to specialize in certain goods for export? A) Law of Absolute Advantage. B) Law of Supply and Demand. C) Law of Diminishing Marginal Returns. D) Law of Comparative Cost. Show Answer Correct Answer: D) Law of Comparative Cost. 14. Which organizational structure combines elements of both functional and product-based structures, often leading to dual reporting lines? A) Global corporate form-Function. B) Global corporate form-Geographic regions. C) Global corporate form-Product. D) Matrix organizations. Show Answer Correct Answer: D) Matrix organizations. 15. What defines an international projector? A) Replicates the home country business model in foreign markets. B) Focuses on local responsiveness. C) Develops a global network of specialized units. D) Emphasizes global learning and innovation. Show Answer Correct Answer: A) Replicates the home country business model in foreign markets. 16. Digital globalization primarily refers to: A) Physical movement of goods between countries. B) Cross-border data flows and digital trade. C) Restricting imports via tariffs. D) International mergers and acquisitions. Show Answer Correct Answer: B) Cross-border data flows and digital trade. 17. Which of the following is NOT a mode of entry into international business? A) Exporting. B) Licensing. C) Joint venture. D) Merger. Show Answer Correct Answer: D) Merger. 18. Refer to the nature of home demand for the industry's product or service. A) Demand conditions. B) Relating and supporting industries. C) Firm strategy, structure, and rivalry. D) None of the above. Show Answer Correct Answer: A) Demand conditions. 19. Which of the following is a source of finance for international trade and investment? A) Export Financing. B) Foreign Direct Investment (FDI). C) International Capital Markets. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. To complyTo act in accordance with a wish or command. A) Se conformer / se mettre en norme. B) Se rebeller. C) Ignorer les instructions. D) Contredire les ordres. Show Answer Correct Answer: A) Se conformer / se mettre en norme. 21. International Trade is most likely to generate short-term unemployment in: A) Industries in which there are neither imports nor exports. B) Import-competing industries. C) Industries that sell to domestic and foreign buyers. D) Industries that sell to only foreign buyers. Show Answer Correct Answer: B) Import-competing industries. 22. McDonald use the following method entry in its international operation in Malaysia. A) Export. B) Franchising. C) Joint venture. D) None of the above. Show Answer Correct Answer: B) Franchising. 23. The Impact of Information Technology on Globalization A) The Digital Generation. B) Expanding the Global Use of Information Technology. C) How Countries "Leapfrog" into the Internet and Cell Phone Era. D) All of the selection. Show Answer Correct Answer: D) All of the selection. 24. Under an intellectual property licensing agreement you retain ownership of your patent, copyright, or trademark, but you give another party permission to use some or all of your intellectual property rights for a specific amount of time for a fee or royalty. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. What is the role of international trade agreements? A) They are designed to limit trade between countries. B) International trade agreements have no impact on economic growth. C) International trade agreements promote trade by reducing barriers and establishing rules. D) International trade agreements increase tariffs and quotas. Show Answer Correct Answer: C) International trade agreements promote trade by reducing barriers and establishing rules. ← 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