This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 20 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A company expanding to Korea asks you to research their customs and values, what is this? A) Market Research. B) Cultural Analysis. C) Competitive Analysis. D) Financial Analysis. Show Answer Correct Answer: B) Cultural Analysis. 2. Indulgence vs. Restraint measures the extent to which a society indulges in gratifying desires and impulses versus ..... behavior based on social norms. A) Restraining. B) Encouraging. C) Ignoring. D) Celebrating. Show Answer Correct Answer: A) Restraining. 3. Which type of multinational enterprise operates in multiple countries but adapts its products and services to fit local markets, often with decentralized decision-making? A) Multidomestic firm. B) Multinational firm. C) Global firm. D) Transnational firm. Show Answer Correct Answer: A) Multidomestic firm. 4. In the current global business environment, 'Sustainability' and 'Carbon Footprint' regulations are analyzed under which PESTEL factor? A) Political. B) Technological. C) Environmental. D) Social. Show Answer Correct Answer: C) Environmental. 5. Which strategy involves deploying resources in a manner that aligns with the cultural expectations and needs of a foreign market? A) Cultural Risk. B) Cultural Awareness. C) Cultural Compatible Resources Deployment. D) Financial Planning. Show Answer Correct Answer: C) Cultural Compatible Resources Deployment. 6. Offshoring refers to: A) Moving production activities to another country. B) Sourcing goods locally. C) Investing in domestic industries. D) Hiring domestic workers for global projects. Show Answer Correct Answer: A) Moving production activities to another country. 7. It is a measure that a country grants to local industry to improve its competitiveness A) Custom tariff. B) Subsidy. C) Legal norm. D) Fee. Show Answer Correct Answer: B) Subsidy. 8. The triple bottom line in sustainability includes: A) People, Planet, Profit. B) Price, Place, Promotion. C) Power, Policy, Politics. D) Production, Process, Performance. Show Answer Correct Answer: A) People, Planet, Profit. 9. Heckscher-Ohlin predicts trade patterns primarily from which national feature? A) Relative abundance of labor, land, and capital. B) Presence of first-mover firms and scale economies. C) Stage of product introduction and maturity. D) Rivalry among supporting industries. Show Answer Correct Answer: A) Relative abundance of labor, land, and capital. 10. What is one purpose of a joint venture between companies such as Sony-Ericsson? A) Realizing economies of scale. B) Reducing dissemination risk. C) Avoiding governmental restrictions. D) Increasing risk of expropriation. Show Answer Correct Answer: A) Realizing economies of scale. 11. What is the difference between Domestic and International Trade A) International trade is country to country while Domestic trade is within the nations borders. B) International trade is country to country while Domestic trade is within the nations house. C) International trade is within one country borders while Domestic trade is between two countries. D) They are the same; there is no difference. Show Answer Correct Answer: A) International trade is country to country while Domestic trade is within the nations borders. 12. What is one of the factors that makes foreign trade riskier compared to inland trade? A) The separation of buyers and producers. B) The need for foreign currency. C) The long distances and potential ocean crossings involved. D) None of the above. Show Answer Correct Answer: C) The long distances and potential ocean crossings involved. 13. ..... are permitted to offer forward cover only with respect to genuine export and import transactions. A) National Bank. B) International Bank. C) Commercial Bank. D) Industrial Bank. Show Answer Correct Answer: C) Commercial Bank. 14. An import quota is a A) Tax on import quantities above the legal limit. B) Way to increase tariff revenues for the exporting country. C) Legal limit on the amount of a good that can be imported into a country. D) Legal incentive for members of WTO to increase their exports of a good or service. Show Answer Correct Answer: C) Legal limit on the amount of a good that can be imported into a country. 15. What should a firm consider when deciding where to expand internationally? A) The location that offers the best chance to realize its strategic objectives. B) The location with the lowest taxes. C) The location with the most competitors. D) The location closest to its headquarters. Show Answer Correct Answer: A) The location that offers the best chance to realize its strategic objectives. 16. Which of the following is a primary benefit of an MNC to a 'Host Country' (the country where the investment is made)? A) Repatriation of profits to the home country. B) Technology transfer and skill development. C) Elimination of local small businesses. D) Increase in the host country's national debt. Show Answer Correct Answer: B) Technology transfer and skill development. 17. Which one of the following modes of entry permits greatest degree of control over overseas operations? A) Licensing/franchising. B) Wholly owned subsidiary. C) Contract manufacturing. D) Joint venture. Show Answer Correct Answer: B) Wholly owned subsidiary. 18. Taxes on imports that are collected by a designated government agency responsible for regulating imports A) Preferential Duties. B) Custom Duties (Bureau of Customs). C) Generalized System of Preferences (GSP). D) All of the above. Show Answer Correct Answer: B) Custom Duties (Bureau of Customs). 19. Outsourcing refers to moving production activities internally to foreign affiliates. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 20. Is the only country where Mexico has NOT a free trade agreement in Central America. A) Costa Rica. B) Panama. C) Belize. D) Nicaragua. Show Answer Correct Answer: C) Belize. 21. UNIT 3:ABOUT WHERE YOU WORK'dialogue'We must meet ..... lunch. A) In. B) Some. C) For. D) Have. Show Answer Correct Answer: C) For. 22. The transformation of an MNE's products from raw materials to a finished good or service is called the international value chain. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 23. Which strategy is make sense when the firm faces strong pressures for cost reductions and demands for local responsiveness are minimal? A) Global standardization strategy. B) Localization strategy. C) Transnational strategy. D) International strategy. Show Answer Correct Answer: A) Global standardization strategy. 24. It refers to the nature of home demand for the industry's product or service. A) Factor Endowments. B) Demand Conditions. C) Related and Supporting Industries. D) None of the above. Show Answer Correct Answer: B) Demand Conditions. 25. Free international trade' means that: A) Goods can be transported between countries free of charge for ever. B) All countries use the same currency so it does not cost anything to convert currencies. C) There are no tariffs or quotas to limit trade between countries. D) Businesses can produce in any country without any legal controls. Show Answer Correct Answer: C) There are no tariffs or quotas to limit trade between countries. ← 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