This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 23 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 23 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. An office building is a product created by what type of resource? A) Labor. B) Capital. C) Land. D) None of the above. Show Answer Correct Answer: B) Capital. 2. Name one environmental or social concern associated with MNEs in host countries. A) MNEs may face criticism due to concerns about their environmental impact, labor practices, and adherence to social standards. B) MNEs are always praised for their perfect environmental records. C) MNEs never have any issues with labor practices in host countries. D) MNEs are only concerned with increasing local employment without any other impact. Show Answer Correct Answer: A) MNEs may face criticism due to concerns about their environmental impact, labor practices, and adherence to social standards. 3. Which of the following was formed for looking after the promotion of free and fair trade among nations? A) International Monetary Fund. B) World Bank. C) World Trade Organisation. D) General Agreement for Tariffs and Trade. Show Answer Correct Answer: C) World Trade Organisation. 4. What is the main characteristic of a hostile takeover as a mode of entry? A) A more-than-friendly acquisition between roughly equal companies. B) The formal establishment of business operations on foreign soil. C) An attempt to take over another company against the wishes of the target company's board/management. D) An agreement between two parties to cooperate in a certain way for a certain time. Show Answer Correct Answer: C) An attempt to take over another company against the wishes of the target company's board/management. 5. What is one potential advantage of doing business internationally over domestic business? A) The ability to negotiate the price of a building. B) The availability of realtors to help find a building. C) The opportunity to expand market reach and increase sales. D) The assumption that the government will not mind opening another business. Show Answer Correct Answer: C) The opportunity to expand market reach and increase sales. 6. Which country had the highest share in world merchandise exports in 2022? A) China. B) United States. C) Germany. D) India. Show Answer Correct Answer: A) China. 7. Which type of multinational enterprise combines global efficiency with local responsiveness, integrating operations while also adapting to local market needs? A) Multidomestic firm. B) Global firm. C) Transnational firm. D) Regional firm. Show Answer Correct Answer: C) Transnational firm. 8. Give examples of globalization controversy. A) Job Losses and Income Stagnation. B) Sustainable Development and Environmental Degradation. C) Globalization Winners and Losers. D) All of the selection. Show Answer Correct Answer: D) All of the selection. 9. How can businesses prepare for potential terrorist threats in international operations? A) By avoiding risk assessments and employee training. B) By conducting risk assessments, implementing security measures, providing employee training, establishing communication channels, and having a crisis management plan. C) By relying on outdated security measures. D) By ignoring potential threats and focusing solely on profit. Show Answer Correct Answer: B) By conducting risk assessments, implementing security measures, providing employee training, establishing communication channels, and having a crisis management plan. 10. What is the primary function of the World Trade Organization (WTO)? A) To regulate global currency exchange rates. B) To facilitate negotiations for international labor laws. C) To supervise international commodity markets. D) To regulate international trade rules and settle disputes between member countries. Show Answer Correct Answer: D) To regulate international trade rules and settle disputes between member countries. 11. In the theory of overlapping demand, international trade in manufactured goods will be greater between nations with similar levels of capita income A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 12. What is the significance of understanding the political system in a foreign country? A) It has no relevance. B) It helps in product design. C) It determines the legal framework for business. D) It influences marketing strategies. Show Answer Correct Answer: C) It determines the legal framework for business. 13. Collectively, we refer to political, economic, and legal systems as constituting the ..... economy of a country. A) Legislative. B) Governing. C) Political. D) Administrative. Show Answer Correct Answer: C) Political. 14. What defines a less-developed country (LDC)? A) Low standard of living. B) High economic wealth. C) Strong industrial base. D) None of the above. Show Answer Correct Answer: A) Low standard of living. 15. The New York Stock Exchange was first founded in May of 1792. 24 brokers signed a document called the "Agreement" . A) Branchbrook. B) Buttonwood. C) Barber Exchange. D) New Exchange. Show Answer Correct Answer: B) Buttonwood. 16. True or False:The 5 stages of going global are a strict format that all industries must follow without skipping or combining steps A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 17. Translating to "waste" orwasteful activity, " the third M of the 3 Ms in Lean aims to reduce unnecessary work and improve efficiency. If a plant can reduce ..... it can increase productivity and profits while stayingcost-efficient. It is use in the Toyota Production System, A) Muda. B) Mura. C) Muri. D) None of the above. Show Answer Correct Answer: A) Muda. 18. Individuals should most likely study international business to ..... A) Comply with graduate school certification requirements. B) Ensure that an employer has a global online presence. C) Remain current on the latest business methods. D) Remain current on the latest communication method. Show Answer Correct Answer: C) Remain current on the latest business methods. 19. Quite often, host countries have a love-hate relationship with Multi-National Enterprises because: A) They benefit economically but may face cultural or economic challenges. B) They always fully support foreign companies. C) They have no interest in foreign investment. D) They dislike all forms of international business. Show Answer Correct Answer: A) They benefit economically but may face cultural or economic challenges. 20. The Theory of Relative Factor Endowments is given by A) Ohilin-Hecksher. B) D. Richardo. C) Richardo. D) Porter. Show Answer Correct Answer: A) Ohilin-Hecksher. 21. Which theory suggests that nations will develop comparative advantages based on their locally abundant factors? A) Heckscher-Ohlin theory. B) Absolute advantage theory. C) Comparative advantage theory. D) Strategic trade theory. Show Answer Correct Answer: A) Heckscher-Ohlin theory. 22. ..... the lowering of a currency's price in terms of other currencies A) Money devaluation. B) Mercantilism. C) Trade. D) International product life cycle. Show Answer Correct Answer: A) Money devaluation. 23. Who was the author of eclectic theory of international production: A) KINDLEBERGER. B) ALIBER. C) DUNNING. D) VERNON. Show Answer Correct Answer: C) DUNNING. 24. Collectivism: A) Flatter and decentralized organization structures, smaller ratio of supervisors. Employees are more likely to question their bosses. Participative management may be used. B) Tendency of people to belong to groups or collectives and to look after each other in exchange for loyalty. C) Personal disorientation when experiencing an unfamiliar way of life. D) None of the above. Show Answer Correct Answer: B) Tendency of people to belong to groups or collectives and to look after each other in exchange for loyalty. 25. Country A exports electronic goods from Country B although there are no underlying differences in factor endowments between the two countries. Which of the following theories explains this anomaly? A) Comparative advantage theory. B) New trade theory. C) Ricardo's theory. D) Smith's theory. Show Answer Correct Answer: B) New trade theory. ← 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