This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 24 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 24 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The US imports the most from this country A) China. B) Japan. C) Canada. D) England. Show Answer Correct Answer: A) China. 2. Foreign Direct Investment involves which of the following? A) Both benefits and costs for the host country. B) Only benefits for the host country. C) Only costs for the host country. D) No impact on the host country. Show Answer Correct Answer: A) Both benefits and costs for the host country. 3. Economic interdependence between countries can be influenced by political stability. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. What is one reason for conducting business internationally? A) Limited market share. B) Growth. C) Technological backwardness. D) Higher costs. Show Answer Correct Answer: B) Growth. 5. What is the problem still unsolved in South Africa? A) Dictatorship. B) Civil War. C) Racism. D) Infant death. Show Answer Correct Answer: C) Racism. 6. Nation places tax on imported goods A) Quotas. B) Tariffs. C) Embargo. D) Balance of Payments. Show Answer Correct Answer: B) Tariffs. 7. Which of the following is a key driver of globalization A) Technological advancements in communication and transportation. B) Cultural isolation. C) Reduced foreign investment. D) Increased trade barriers. Show Answer Correct Answer: A) Technological advancements in communication and transportation. 8. Pressures for cost reductions are greatest when ..... A) Major competitors are based in low cost locations. B) Differences in consumer tastes and preferences. C) Differences in traditional practices and infrastructure. D) Differences in distribution channels. Show Answer Correct Answer: A) Major competitors are based in low cost locations. 9. Which trade theory suggests that economies of scale and network effects can lead to trade even when countries do not differ in terms of resource endowments or technology? A) Comparative Advantage. B) Absolute Advantage. C) Heckscher-Ohlin Theory. D) New Trade Theory. Show Answer Correct Answer: D) New Trade Theory. 10. Which approach involves understanding and adapting to the cultural norms and practices of a different country or market? A) Cultural Risk. B) Cultural Awareness. C) Cultural Compatible Resources Deployment. D) Market Analysis. Show Answer Correct Answer: B) Cultural Awareness. 11. The protects public health by regulating food products, human and animal prescription medications, medical devices, cosmetic products, and a variety of other consumer items. A) USDA. B) WHO. C) UN. D) FDA. Show Answer Correct Answer: D) FDA. 12. How do gender roles vary in different cultures? A) Assigned based on gender. B) Equal opportunities for all. C) No roles assigned. D) None of the above. Show Answer Correct Answer: A) Assigned based on gender. 13. Which of the following statement is true about Comparative Advantage theory? A) The most efficient country is the one that can produce goods at the lowest opportunity cost. B) It does not support free trade among nation. C) A country should import goods that it is most efficient in production. D) Countries should not trade with each other and produce all goods independently. Show Answer Correct Answer: A) The most efficient country is the one that can produce goods at the lowest opportunity cost. 14. Regional economic integration ..... A) Aim to reduce or eliminated tariff and non tariff barrier between member countries. B) Limits free flow of goods and services as well as factor of production among member countries. C) Reduces economy activity and makes doing business more difficult among nations within the alliances. D) Discourages member companies to internationalize into neighboring countries within blocs. Show Answer Correct Answer: A) Aim to reduce or eliminated tariff and non tariff barrier between member countries. 15. The structures, processes, and activities by which a nation governs itself is called A) Political ideology. B) Political view. C) Pollical economy. D) Political system. Show Answer Correct Answer: D) Political system. 16. Watches made in Norway are worn by people in California. A) Import. B) Export. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import. 17. According to which theory, human beings have fundamental rights and privileges that transcend national boundaries and cultures? A) Rights. B) Justice. C) All the above. D) None of the above. Show Answer Correct Answer: A) Rights. 18. Cars built in the USA is shipped to the UAE. A) Import. B) Export. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import. 19. What is one of the main challenges in the international business environment? A) Predictability of market conditions. B) Cultural misunderstandings. C) Uniform legal regulations. D) Lack of competition. Show Answer Correct Answer: B) Cultural misunderstandings. 20. The ..... theory viewed international trade as a zero-sum game. A) Comparative advantage. B) Mercantilism. C) Strategic trade. D) National competitive advantage of industries. Show Answer Correct Answer: B) Mercantilism. 21. The exchange of goods and services between countries is know as? A) Domestic trade. B) International trade. C) Export. D) Commerce. Show Answer Correct Answer: B) International trade. 22. Identify one major risk associated with international business. A) Cultural misunderstandings. B) Increased shipping costs. C) Political instability. D) High employee turnover. Show Answer Correct Answer: C) Political instability. 23. Tourism not related to international business A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 24. Pressures for global integration-lowpressures for local responsiveness-high A) Global strategy. B) Multidomestic strategy. C) Transnational strategy. D) International strategy. Show Answer Correct Answer: B) Multidomestic strategy. 25. Is the following an advantage or a disadvantage of international business locations?"Quality issues" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: B) Disadvantage. ← 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