This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 19 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In absolute advantage theory, with specialization, total world output will ..... A) Increase. B) Decrease. C) Remain unchanged. D) Fluctuate. Show Answer Correct Answer: A) Increase. 2. In which year did Croatia join the European Union? A) 2004. B) 2007. C) 2010. D) 2013. Show Answer Correct Answer: D) 2013. 3. Which mode of international business allows another company to use a brand name and business model? A) Joint venture. B) Franchising. C) Importing. D) Turnkey projects. Show Answer Correct Answer: B) Franchising. 4. International business would not be relevant to an organization if it only produced and sold its products in one country. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 5. Pre shipment finance is known as packing credit? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 6. What is the primary focus of international business? A) Domestic market penetration. B) Selling products in rural areas. C) Exchange across national borders. D) Local employment generation. Show Answer Correct Answer: C) Exchange across national borders. 7. Some U.S. customs are considered disrespectful or inappropriate in other cultures. When visiting another country, which countries customs should you respect? A) U.S. customs. B) The country you are visiting. C) Neither country. D) None of the above. Show Answer Correct Answer: B) The country you are visiting. 8. This rice cooker is easy to use because ..... A) You only need to push one button. B) It is a nice colour. C) It costs 5000 yen. D) It weighs 2 kilograms. Show Answer Correct Answer: A) You only need to push one button. 9. The most serious form of political risk for a multinational company is A) Privatizaiton. B) Exproptriation. C) Import quotas. D) Double taxation. Show Answer Correct Answer: B) Exproptriation. 10. What is international trade? A) The exchange of products and services with people in other countries. B) The exchange of products and services. C) The exchange of things you don't want, or need anymore. D) All of the above. Show Answer Correct Answer: A) The exchange of products and services with people in other countries. 11. Which supply chain perspective initiates with anticipation to a customer? A) Push. B) Pull. C) All the above. D) None of the above. Show Answer Correct Answer: A) Push. 12. Which of the following theories emphasizes the interplay between the proportions in which the factors of production are available in different countries and the proportions in which they are needed for producing particular goods? A) Porter's theory. B) Smith's theory. C) Ricardo's theory. D) Heckscher-Ohlin theory. Show Answer Correct Answer: D) Heckscher-Ohlin theory. 13. In acronym SAARC, "C" stands for ..... A) Committee. B) Commonwealth. C) Conference. D) Cooperation. Show Answer Correct Answer: D) Cooperation. 14. Managers should be more precise in their directions to subordinates when ..... A) The company has a philosophy of geocentrism. B) The society believes age equals wisdom. C) Uncertainty avoidance is high. D) Power distance is low. Show Answer Correct Answer: C) Uncertainty avoidance is high. 15. What is the term commonly used to refer to the United Kingdom's exit from the European Union? A) Grexit. B) Brexit. C) EuroExit. D) Britexit. Show Answer Correct Answer: B) Brexit. 16. What is the concept of Comparative Advantage? A) A country can produce all goods more efficiently than other countries. B) A country specializes in products that it can supply less efficiently. C) A country specializes in products that it can supply more efficiently or at a lower cost than it can produce other items. D) A country imports all goods to avoid domestic production. Show Answer Correct Answer: C) A country specializes in products that it can supply more efficiently or at a lower cost than it can produce other items. 17. Which economic partnership was launched in 2020 and includes 10 ASEAN countries along with China, Korea, Japan, Australia, and New Zealand? A) Mercosur. B) Regional Comprehensive Economic Partnership (RCEP). C) ECOWAS. D) SAFTA. Show Answer Correct Answer: B) Regional Comprehensive Economic Partnership (RCEP). 18. South Africans do not like ..... A) Physical contact. B) Talk about food and soccer. C) Eye contact. D) Receive gifts. Show Answer Correct Answer: A) Physical contact. 19. Which one of the following is not an example of counter trade? A) Offset. B) Buy back. C) Turn key project. D) Counter purchase. Show Answer Correct Answer: C) Turn key project. 20. Prospects for growth is a benefit of international business to Nations A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. Which annual Christmas TV event draws some of the biggest live audiences in the UK? A) The King's/Queen's Christmas Speech. B) Strictly Come Dancing Christmas Special. C) Bake Off:Holidays. D) Coronation Street Christmas Episode. Show Answer Correct Answer: A) The King's/Queen's Christmas Speech. 22. International Business does all of the following EXCEPT: A) Expands business opportunities. B) Decreased Competition. C) Increased sources of raw materials. D) Improved political relations. Show Answer Correct Answer: B) Decreased Competition. 23. What are items transported into a country from a foreign country? A) Exports. B) Subsidies. C) Embargoes. D) Imports. Show Answer Correct Answer: D) Imports. 24. All of the following are reasons to restrict trade except A) Foreign competition can lower the demand for products made at home. B) Companies at home need to be protected from unfair foreign competition. C) Foreign companies' products may be more expensive than products produced at home. D) Other countries may not have the same environmental or human rights standards. Show Answer Correct Answer: C) Foreign companies' products may be more expensive than products produced at home. 25. When a new product is introduced, they charge as much as possible. This is known as: A) Competitive Pricing. B) Skim Pricing. C) Penetration Pricing. D) Loss Leader. Show Answer Correct Answer: B) Skim Pricing. ← 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