This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 18 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 18 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A special right given to a business person to sell a company's products. (e.g. Subway, Jimmy Johns, Sonic) A) Subsidy. B) Franchise. C) Quota. D) Ethics. Show Answer Correct Answer: B) Franchise. 2. Anything people will accept for the exchange of goods and services is . A) Money. B) Foreign Exchange. C) Exchange Rate. D) Floating Exchange Rates. Show Answer Correct Answer: A) Money. 3. Globalization refers to ..... A) Lower incomes worldwide. B) Less foreign trade and investment. C) Global warming and their effects. D) A more integrated and interdependent world. Show Answer Correct Answer: D) A more integrated and interdependent world. 4. In which year did the WTO become operational? A) 1990. B) 1995. C) 2000. D) 1985. Show Answer Correct Answer: B) 1995. 5. What are the different modes of entry into foreign markets? A) Mergers, acquisitions, divestitures. B) Importing, outsourcing, offshoring. C) E-commerce, direct marketing, telemarketing. D) Exporting, licensing, franchising, joint ventures, and wholly owned subsidiaries. Show Answer Correct Answer: D) Exporting, licensing, franchising, joint ventures, and wholly owned subsidiaries. 6. Which of the following issues certificate of Origin? A) Import Export Council. B) Prime Minister. C) Chamber of Commerce. D) President of India. Show Answer Correct Answer: C) Chamber of Commerce. 7. Apa yang dimaksud dengan "Antidumping Duties" ? A) Pajak untuk barang yang dijual di bawah harga pasar. B) Subsidi untuk barang impor. C) Larangan total terhadap ekspor. D) Pembatasan jumlah barang yang diekspor. Show Answer Correct Answer: A) Pajak untuk barang yang dijual di bawah harga pasar. 8. What is the process of obtaining goods and services from foreign sources called? A) Exporting. B) Trading. C) Importing. D) Purchasing. Show Answer Correct Answer: C) Importing. 9. Which of the following is a characteristic of Multinational Corporations (MNCs)? A) Operate solely in their home country. B) Focus on domestic markets. C) Manage operations across multiple countries. D) Have no impact on local economies. Show Answer Correct Answer: C) Manage operations across multiple countries. 10. This stock exchange was founded by a former samurai. A) New York Stock Exchange. B) London Stock Exchange. C) Tokyo Stock Exchange. D) Shanghai Stock Exchange. Show Answer Correct Answer: C) Tokyo Stock Exchange. 11. A is a document that represents ownership in a corporation. A) Stock Certificate. B) Stockholder. C) Dividend. D) Chartered. Show Answer Correct Answer: A) Stock Certificate. 12. Which type of business would MOST LIKELY use a function-based structure? A) A multinational consulting firm. B) A global fast-food chain. C) A car manufacturer. D) A retail supermarket. Show Answer Correct Answer: A) A multinational consulting firm. 13. Which factor does NOT affect international business? A) Geography. B) Economics. C) Culture. D) Sports. Show Answer Correct Answer: D) Sports. 14. Four main stages in product life cycle theory: A) Introduction-Maturity-Decline-Growth. B) Introduction-Growth-Decline-Maturity. C) Introduction-Growth-Maturity-Decline. D) Introduction-Maturity-Growth-Decline. Show Answer Correct Answer: C) Introduction-Growth-Maturity-Decline. 15. Cultural Differences A) Benefits. B) Limitations. C) All the above. D) None of the above. Show Answer Correct Answer: B) Limitations. 16. The rate at which prices for goods and services is rising and therefore the purchasing power of the currency is falling is ..... A) Interest. B) Unfair. C) Inflation. D) Appreciation. Show Answer Correct Answer: C) Inflation. 17. An embargo is which of the following? A) A ban on imported goods. B) A limit on imported goods. C) A tax on imported goods. D) None of the above. Show Answer Correct Answer: A) A ban on imported goods. 18. What is the primary contribution of knowledge workers? A) Manual labor. B) Ideas and problem-solving expertise. C) Administrative support. D) Sales and marketing efforts. Show Answer Correct Answer: B) Ideas and problem-solving expertise. 19. Why are most countries better off specializing in the production of particular goods, and then trading with other nations to obtain whatever else they need? A) Transportation costs are lower than they were a century ago. B) Resources are not evenly distributed among countries. C) Greater investment of capital goods increases productivity. D) People have limited resources to satisfy unlimited wants. Show Answer Correct Answer: B) Resources are not evenly distributed among countries. 20. Which is not an example of economic globalization? A) International trade. B) Foreign Direct Investment. C) Domestic manufacturing. D) Global value chains. Show Answer Correct Answer: C) Domestic manufacturing. 21. According to the Product Life Cycle theory, a product is most likely to be produced in developing countries during which stage? A) Introduction. B) Growth. C) Maturity. D) Decline. Show Answer Correct Answer: A) Introduction. 22. Licensing grants the right to use: A) Brand name and intellectual property. B) Manufacturing facilities and equipment. C) Financial resources and funding. D) Customer base and market data. Show Answer Correct Answer: A) Brand name and intellectual property. 23. To market/retailTo promote and sell products or services. A) Commercialiser. B) Distribuer. C) Vendre en gros. D) Offrir des services. Show Answer Correct Answer: A) Commercialiser. 24. When a UAE company gives rights to another company to use its technology, what mode is this? A) Licensing. B) Exporting. C) Joint venture. D) E-commerce. Show Answer Correct Answer: A) Licensing. 25. There is an international branch that deals with the trade of products or services with other countries A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← 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