This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 21 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 21 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Falling barriers to trade are unanimously viewed as beneficial for job creation in advanced countries. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 2. Name a major global trade agreement and its significance. A) Trans-Pacific Partnership (TPP). B) European Union Trade Agreement (EUTA). C) North American Free Trade Agreement (NAFTA). D) World Trade Organization (WTO) Agreement. Show Answer Correct Answer: C) North American Free Trade Agreement (NAFTA). 3. Type of GSP where one seller has many retailers or downstream locations A) Assembly network. B) Distribution supply chain. C) Serial supply chain. D) None of the above. Show Answer Correct Answer: B) Distribution supply chain. 4. What is a challenge companies face when entering international markets? A) Adapting to local cultures. B) Lack of local business regulations. C) Low competition from domestic businesses. D) None of the above. Show Answer Correct Answer: A) Adapting to local cultures. 5. If a company is entering a new international market, which environmental factor should it prioritize analyzing first? A) Political Environment. B) Technological Environment. C) Demographic Environment. D) Socio-Cultural Environment. Show Answer Correct Answer: A) Political Environment. 6. Which of the following is NOT typically included in a franchising arrangement? A) Brand name. B) Store layout. C) Operation manuals. D) Ownership of the franchisor's company. Show Answer Correct Answer: D) Ownership of the franchisor's company. 7. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Claude Dumas' A) Name. B) Company. C) City. D) Position. Show Answer Correct Answer: A) Name. 8. The fundamental reason behind international business is that the countries cannot produce ..... or ..... all that they need. A) Goods, services. B) Equally well, cheaply. C) Sufficiently, cheaply. D) Equally well, costly. Show Answer Correct Answer: B) Equally well, cheaply. 9. The customary conduct which is considered polite among a particular group A) Sociability. B) Cleanliness. C) Etiquette. D) Machismo. Show Answer Correct Answer: C) Etiquette. 10. A commodity, article, or service sold abroad. A) Trade. B) Import. C) Export. D) Domestic. Show Answer Correct Answer: C) Export. 11. Which one is a Multinational company? A) An organization that does business in several countries. B) An agreement between two or more companies to share a business project. C) All the above. D) None of the above. Show Answer Correct Answer: A) An organization that does business in several countries. 12. The U.S. purchases oil from any other companies. For the U.S., oil in this case, is an example of an: A) Export. B) Import. C) All the above. D) None of the above. Show Answer Correct Answer: B) Import. 13. Religion of a person affects his/her A) Attitude towards entrepreneurship. B) Gifting practices. C) Use of products. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. The merging of historically distinct andseparate national markets into one hugeglobal marketplace is known as ..... A) Global market facilitation. B) Local market. C) Supernational market integration. D) The globalization of markets. Show Answer Correct Answer: D) The globalization of markets. 15. Country B has an absolute advantage in A) Product X. B) Product Y. C) Neither X nor Y. D) Both X and Y. Show Answer Correct Answer: D) Both X and Y. 16. In some countries business women should only shake hands if A) A business man offers his hand first. B) It is with another business woman. C) She is being introduced to men and women. D) The business meeting is over. Show Answer Correct Answer: A) A business man offers his hand first. 17. Why is navigating regulatory environments critical for international businesses? A) To ensure compliance with trade and legal systems. B) To avoid adapting products to local markets. C) To minimize communication with local governments. D) None of the above. Show Answer Correct Answer: A) To ensure compliance with trade and legal systems. 18. The document containing detailed information regarding price, quality, size, weight, shape, etc. of products which the exporter can supply, is called: A) (a) Performa Invoice. B) (b) Commercial Invoice. C) (c) Both (a) & (b). D) None of these. Show Answer Correct Answer: A) (a) Performa Invoice. 19. Coca Cola uses which type of MNC strategy? A) Export Strategy. B) Global Standardization Strategy. C) Transnational Strategy. D) Localization Strategy. Show Answer Correct Answer: B) Global Standardization Strategy. 20. What are the key factors that influence a country's decision to export or import goods and services? A) Market demand, production capacity, cost of production, exchange rates, government policies, and trade agreements. B) Technological advancements, educational level, and healthcare facilities. C) Local currency value, transportation infrastructure, and political stability. D) Weather conditions, population size, and cultural traditions. Show Answer Correct Answer: A) Market demand, production capacity, cost of production, exchange rates, government policies, and trade agreements. 21. The devices used to reward appropriate managerial behavior is known as ..... A) Processes. B) People. C) Culture. D) Incentives. Show Answer Correct Answer: D) Incentives. 22. What is the role of market research in international marketing? A) To eliminate competition. B) To understand consumer preferences. C) To increase production costs. D) To limit product offerings. Show Answer Correct Answer: B) To understand consumer preferences. 23. What does CAFTA stand for? A) Common Agricultural Free Trade Area. B) Central American Free Trade Agreement. C) Central Alliance for Free Trade. D) Caribbean and Free Trade Agreement. Show Answer Correct Answer: B) Central American Free Trade Agreement. 24. In ..... approach, the firm accepts a regional marketing policy covering a group of countries which have comparable market characteristics such as economic, cultural or political similarities and formulates operational strategies based on region instead of countries. A) Polycentric. B) Ethnocentric. C) Regiocentric. D) Geocentric. Show Answer Correct Answer: C) Regiocentric. 25. How does franchising contribute to global business expansion? A) Standardization of products and services. B) Decreased competition. C) Isolation from global markets. D) Reduction in innovation. Show Answer Correct Answer: A) Standardization of products and services. ← 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