This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 17 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Items we buy from other countries A) Imports. B) Exports. C) Foreign Exchange Market. D) Exchange Rate. Show Answer Correct Answer: A) Imports. 2. Keputusan produksi global dan pengelolaan rantai pasokan membantu perusahaan global dalam hal apa berikut ini? A) Menghindari persaingan dengan perusahaan lokal. B) Meningkatkan diversifikasi investasi perusahaan. C) Memperoleh akses ke pasar dan sumber daya global. D) Meminimalkan risiko kegagalan produk. Show Answer Correct Answer: C) Memperoleh akses ke pasar dan sumber daya global. 3. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'She likes ..... (colleagues) very much. A) Him. B) Me. C) Us. D) They. Show Answer Correct Answer: C) Us. 4. International Strategy focus mostly on local customization. Is it true or false? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 5. Is a prescribed way of undertaking a process or part of a process A) Process. B) Procedures. C) All the above. D) None of the above. Show Answer Correct Answer: B) Procedures. 6. What must investors consider when making international capital investments? A) Only the potential return. B) Only the risk involved. C) Both the risk and potential return. D) Neither risk nor return, only the country's GDP. Show Answer Correct Answer: C) Both the risk and potential return. 7. The speaker highlights the Dutch reputation for consensus-building in their approach. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 8. Keuntungan arsitektur terdesentralisasi dalam bisnis internasional adalah: A) Koordinasi yang lebih baik antar unit bisnis global. B) Adaptasi cepat terhadap perubahan pasar lokal. C) Pengambilan keputusan yang sentral di markas besar perusahaan. D) Pemanfaatan keahlian bersama dengan perusahaan lain. Show Answer Correct Answer: B) Adaptasi cepat terhadap perubahan pasar lokal. 9. SMEs in Europe are defined as firms with fewer than: A) 100 employees. B) 250 employees. C) 500 employees. D) 1000 employees. Show Answer Correct Answer: B) 250 employees. 10. Key international institutions that facilitate the Globalization A) The International Monetary Fund (IMF). B) The World Bank (WB). C) The World Trade Organization (WTO). D) All of the above. Show Answer Correct Answer: D) All of the above. 11. Which factor of PESTEL analysis includes laws and regulations relevant to the region and the organization? A) Technological. B) Legal. C) Economic. D) Political. Show Answer Correct Answer: B) Legal. 12. Watches made in Norway are worn by people in the UAE. A) Import. B) Export. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import. 13. What are the four factor endowments? A) National resources, labor, physical capital and human capital. B) Types of technology. C) Material inputs used up in the process of production. D) International differences in climate. Show Answer Correct Answer: A) National resources, labor, physical capital and human capital. 14. ..... is the application of knowledge which redefines the boundaries of global business A) Cultural Values. B) Technology. C) Economy. D) Society. Show Answer Correct Answer: B) Technology. 15. "Hi! My name is Eigotaro. I'm an engineer ..... Asahi Beverage Company." A) For. B) With. C) Working. D) Beside. Show Answer Correct Answer: B) With. 16. EU stands for ..... A) Export Union. B) European Union. C) EXIM Union. D) Export Unit. Show Answer Correct Answer: B) European Union. 17. What is a quota in the context of international trade barriers? A) A restriction on the number of units of a particular product that can be imported into a country. B) A financial penalty imposed on imported goods. C) A limit on the total value of goods that can be exported. D) A regulation on the exchange rate of a country's currency. Show Answer Correct Answer: A) A restriction on the number of units of a particular product that can be imported into a country. 18. Why is the involvement of middlemen considered necessary in foreign trade? A) To increase restrictions on trade. B) To simplify the rules and regulations of trade. C) To facilitate the smooth conduct of trade due to complicated. D) To reduce the risk element in trade. Show Answer Correct Answer: C) To facilitate the smooth conduct of trade due to complicated. 19. ..... barriers do not affect the price of the imported goods but only the quantity of import. A) Tariff. B) Non-Tariff. C) Customs. D) Specific. Show Answer Correct Answer: A) Tariff. 20. What is the main goal of a trans national strategy? A) Focusing product research in a single country. B) Reducing costs through mass production. C) Balancing cost reduction, value creation, and local responsiveness. D) Expanding financial activities in developed countries. Show Answer Correct Answer: C) Balancing cost reduction, value creation, and local responsiveness. 21. Domestic business involves: A) Dealing with multiple currencies. B) Adapting to foreign legal systems. C) Operating within one country's borders. D) Managing cultural diversity. Show Answer Correct Answer: C) Operating within one country's borders. 22. The corporate practice of acquiring or producing quality goods or services abroad at a lower cost thereby eliminating domestic production. A) International business. B) Trade. C) Outsourcing. D) Offshoring. Show Answer Correct Answer: C) Outsourcing. 23. A TRADING BLOC WHERE COUNTRY MEMBERS UNIFY THEIR POLICIES TOWARD TRADE AND FACTOR MIGRATION A) FREE TRADE AREA. B) CUSTOMS UNION. C) COMMON MARKET AREA. D) FULL ECONOMIC UNION. Show Answer Correct Answer: D) FULL ECONOMIC UNION. 24. India received major IMF support during: A) 1971 war. B) 1991 Balance of Payments crisis. C) 2004 tsunami. D) COVID-19 pandemic. Show Answer Correct Answer: B) 1991 Balance of Payments crisis. 25. All business activities needed to create, ship, and sell goods and services across national borders are considered to be A) Domestic business. B) International business. C) Global dependency. D) None of these. Show Answer Correct Answer: B) International business. ← 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