This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 22 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 22 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A subsidy is a government payment made: A) To a domestic producer. B) To a domestic importer. C) To a foreign exporter. D) To a foreign producer. Show Answer Correct Answer: A) To a domestic producer. 2. Companies may face cultural and social challenges in foreign markets, including ..... , different business practices, and consumer preferences. A) Language barriers. B) Tax incentives. C) Climate change. D) Technological advances. Show Answer Correct Answer: A) Language barriers. 3. Benefits of international business is ..... A) More job employment. B) All of these. C) Increase FDI. D) Variety of goods & services available. Show Answer Correct Answer: B) All of these. 4. Apa fungsi logistik dalam rantai pasok global? A) Mengelola persediaan dan distribusi produk. B) Mengidentifikasi pemasok potensial. C) Mengembangkan strategi pemasaran internasional. D) Semua jawabanbenar. Show Answer Correct Answer: A) Mengelola persediaan dan distribusi produk. 5. ..... Trade Policy provides the basic framework of policy and strategy for promoting exports and trade. A) Domestic. B) Global. C) Liberal. D) Foreign. Show Answer Correct Answer: D) Foreign. 6. How do exchange rates impact international business operations? A) Exchange rates only affect domestic businesses. B) Exchange rates impact international business operations by influencing costs, pricing, and competitiveness. C) Exchange rates have no impact on pricing strategies. D) Exchange rates are irrelevant to international trade. Show Answer Correct Answer: B) Exchange rates impact international business operations by influencing costs, pricing, and competitiveness. 7. What is the main characteristic of licensing as a mode of entry? A) The company establishes business operations on foreign soil. B) The licensee acquires the right to use products and goods, while the ownership remains with the licensor. C) The licensor and licensee merge into a new legal entity. D) The licensor permits the franchisee to use its brand name for a fee. Show Answer Correct Answer: B) The licensee acquires the right to use products and goods, while the ownership remains with the licensor. 8. System in which currency values are based on supply and demand. A) Money. B) Foreign Exchange. C) Exchange Rate. D) Floating Exchange Rates. Show Answer Correct Answer: D) Floating Exchange Rates. 9. Which of the following is not part of the arguments about trade protection? A) The national security. B) A souree of the government revenue. C) The potential for corruption. D) The protection of domestic jobs. Show Answer Correct Answer: C) The potential for corruption. 10. A summary of an economy's transaction with the rest of the world for a specified period of time. A) Summary. B) Balance of Trade. C) Statement. D) Balance of Payments. Show Answer Correct Answer: D) Balance of Payments. 11. When two countries agree to eliminate duties and trade barriers on products traded between them, they have A) Free-trade zones. B) Most favored nation status. C) A free trade agreement. D) None of the above. Show Answer Correct Answer: C) A free trade agreement. 12. Which is a mode of entering international business? A) Import substitution. B) Exporting. C) Local licensing. D) Domestic franchising. Show Answer Correct Answer: B) Exporting. 13. To reachTo arrive at or attain a goal. A) Atteindre. B) Arriver. C) Atteindrez. D) Atteignirent. Show Answer Correct Answer: A) Atteindre. 14. Second step in International Market selection A) Preliminary screening. B) Final selection. C) Direct experience. D) In-depth screening. Show Answer Correct Answer: A) Preliminary screening. 15. What is a major constraint faced by SMIEs? A) High financial resources. B) Limited access to capital. C) Strong brand power. D) Global standardization. Show Answer Correct Answer: B) Limited access to capital. 16. What is true about most economies today? A) The majority of economies that we see today are "mixed economies" . B) The majority of economies that we see today are "pure competition economies" . C) The majority of economies that we see today are "monopolistic competition economies" . D) The majority of economies that we see today are "planned economies" . Show Answer Correct Answer: A) The majority of economies that we see today are "mixed economies" . 17. Government systems, political stability, trade barriers, and business regulations refer to which factor of the international business environment? A) Geographic. B) Economic. C) Political and legal. D) Cultural and social. Show Answer Correct Answer: C) Political and legal. 18. The WTO was established to implement the final act of Uruguay Round agreement of ..... A) MFA. B) GATT. C) TRIP's. D) UNO. Show Answer Correct Answer: B) GATT. 19. The factor endowment theory suggests that A) Resources are the foundation of firm's competitive advantages. B) National resource endowments are the foundation for comparative advantages in international trade. C) Many factors contribute to explaining the emergence of comparative advantages. D) Scarce resources are the foundation for comparative trade advantages. Show Answer Correct Answer: B) National resource endowments are the foundation for comparative advantages in international trade. 20. How many branches of international business are there? A) 8. B) 5. C) 6. D) None of the above. Show Answer Correct Answer: C) 6. 21. Which is the biggest challenge in a matrix organization? A) High flexibility. B) Dual reporting relationships. C) Simple chain of command. D) Standardization across countries. Show Answer Correct Answer: B) Dual reporting relationships. 22. Competitive advantage creation in GVC might be accuired by: A) Localization of pre-production intangibles close to the customer. B) Location of post-production intangibles into mother-market. C) Localizaton of all GVC elements in different countries without specific location advantage. D) Non of the answers is correct. Show Answer Correct Answer: D) Non of the answers is correct. 23. The trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale A) Business. B) Goods and services. C) International business. D) Workshop. Show Answer Correct Answer: C) International business. 24. Globalization leads to: A) Decreased communication. B) Isolation of countries. C) Removal of trade barriers. D) Higher local employment only. Show Answer Correct Answer: C) Removal of trade barriers. 25. Which element below is excluded from the 4P Mix? A) Product. B) People. C) Price. D) Place. Show Answer Correct Answer: B) People. ← 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