This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 2 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which one of the following modes of entry brings the firm closer to international markets? A) Licensing. B) Franchising. C) Contract manufacturing. D) Joint venture. Show Answer Correct Answer: D) Joint venture. 2. What is one way CSR practices can help attract talent to a company? A) CSR practices can attract and retain top talent as employees seek to work for socially responsible organizations that align with their values. B) CSR practices guarantee higher salaries for all employees. C) CSR practices eliminate the need for employee training programs. D) CSR practices ensure automatic promotions for all staff. Show Answer Correct Answer: A) CSR practices can attract and retain top talent as employees seek to work for socially responsible organizations that align with their values. 3. The theory of Comparative Advantage (David Ricardo) suggests that a country should specialize in producing goods where it has: A) The absolute lowest cost of production. B) The lowest opportunity cost compared to other nations. C) The largest supply of gold. D) The most advanced technology. Show Answer Correct Answer: B) The lowest opportunity cost compared to other nations. 4. Which mode of entry involves partnering with specialized manufacturers to produce goods on behalf of a hiring company? A) Outsourcing. B) Licensing. C) Acquisitions. D) Joint Venture. Show Answer Correct Answer: A) Outsourcing. 5. What is the difference between push and pull strategies in international promotions? A) Push strategy focuses on direct advertising, while pull strategy focuses on indirect advertising. B) Push strategy targets intermediaries, while pull strategy targets end consumers. C) Push strategy is used for pricing, while pull strategy is used for distribution. D) Push strategy is used for product design, while pull strategy is used for adaptation. Show Answer Correct Answer: B) Push strategy targets intermediaries, while pull strategy targets end consumers. 6. Verbal messages are explicit and direct. Words are valued above their context. A) High Context. B) Low Context. C) All the above. D) None of the above. Show Answer Correct Answer: B) Low Context. 7. "Thereby" is a ..... ? A) Formal word. B) Archaic word. C) Loan word. D) Technical Term. Show Answer Correct Answer: B) Archaic word. 8. ..... Service process outsourcing or business software A) Costumer. B) E-commerce. C) Business. D) None of the above. Show Answer Correct Answer: C) Business. 9. Which of the following is NOT a component of Porter's Diamond Model? A) Factor conditions. B) Demand conditions. C) Competitive rivalry. D) Climatic conditions. Show Answer Correct Answer: D) Climatic conditions. 10. Which of the following is a major limitation of the simple Ricardian model of comparative advantage? A) The model ignores the principle of diminishing marginal returns. B) The model recommends excessive governmental intervention in trade. C) The outcome of the model suggested by Ricardo is a zero-sum game. D) The model is against the idea of engaging in free trade with nations. Show Answer Correct Answer: A) The model ignores the principle of diminishing marginal returns. 11. What strategy did IKEA use to cater to the Chinese market? A) Standardizing product sizes for all markets. B) Adjusting product sizing and store layouts to fit local shopping behaviors. C) Using the same store layout as in Europe. D) Focusing only on online sales. Show Answer Correct Answer: B) Adjusting product sizing and store layouts to fit local shopping behaviors. 12. In a functional structure, decision-making is usually: A) Centralized at headquarters. B) Decentralized to each country manager. C) Divided equally between HQ and subsidiaries. D) Done by product managers. Show Answer Correct Answer: A) Centralized at headquarters. 13. What is direct investment in the context of international finance? A) Purchasing foreign real estate. B) Short-term and long-term loans to foreign or multinational companies. C) Buying products directly from foreign manufacturers. D) Directly hiring foreign workers. Show Answer Correct Answer: B) Short-term and long-term loans to foreign or multinational companies. 14. An agent has to go to the ..... before receiving goods from the ship. A) Customs Office. B) Import-export Controller. C) The Reserve Bank of India. D) Insurance Office. Show Answer Correct Answer: A) Customs Office. 15. Stopping the export and import of a product is known as? A) Tariff. B) Embargo. C) Quota. D) Deal. Show Answer Correct Answer: B) Embargo. 16. To comply A) Se conformer / se mettre en norme. B) To resist. C) To ignore. D) To challenge. Show Answer Correct Answer: A) Se conformer / se mettre en norme. 17. The scope of international business includes all EXCEPT: A) International trade. B) International licensing and franchising. C) Domestic-only retail operations. D) Foreign investment. Show Answer Correct Answer: C) Domestic-only retail operations. 18. What is a Trade Agreement? A) An investment made by a company in one country in business interests located in another country. B) A network of entities involved in the production and distribution of goods and services. C) The communication between people from different cultures. D) A pact between two or more nations to facilitate and regulate trade and commerce. Show Answer Correct Answer: D) A pact between two or more nations to facilitate and regulate trade and commerce. 19. Which feature distinguishes the WTO from GATT in terms of scope? A) It bans all export subsidies globally. B) It regulates domestic tax policy. C) It focuses only on agricultural goods. D) It covers services and intellectual property. Show Answer Correct Answer: D) It covers services and intellectual property. 20. Boeing, an American firm, sells commercial aircraft to Lufthansa in Germany. This is an example of ..... A) Exporting. B) Importing. C) Licensing. D) Franchising. Show Answer Correct Answer: A) Exporting. 21. What is the main role of the Association of Southeast Asian Nations (ASEAN)? A) Underpinning regional economic integration in Southeast Asia. B) Regulating global trade. C) Providing financial aid to developing countries. D) Negotiating climate change agreements. Show Answer Correct Answer: A) Underpinning regional economic integration in Southeast Asia. 22. What is the full form of FTZ? A) Foreign Trade Zone. B) Free Trade Zone. C) Foreign travel Zone. D) Free Travel Zone. Show Answer Correct Answer: B) Free Trade Zone. 23. The main promoter of trade liberalization was A) GATT. B) NAFTA. C) CEPTA. D) CISA. Show Answer Correct Answer: A) GATT. 24. How does global supply chain management enhance efficiency? A) It enhances efficiency by extending delivery times. B) It enhances efficiency by optimizing resource allocation and reducing lead times. C) It enhances efficiency by increasing production costs. D) It enhances efficiency by limiting supplier choices. Show Answer Correct Answer: B) It enhances efficiency by optimizing resource allocation and reducing lead times. 25. Which of the following is an external environment force in international business? A) Capital investment. B) Economic environment. C) Personnel management. D) Production process. Show Answer Correct Answer: B) Economic environment. ← PreviousNext →Related QuizzesClass 11 Business Studies Chapter 10 International Business Quiz 1Class 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 10Class 11 Business Studies Chapter 10 International Business Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books