This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 25 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 25 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is a market entry strategy in international business? A) Franchising. B) Contracting. C) Outsourcing. D) None of the above. Show Answer Correct Answer: A) Franchising. 2. Which of the following is a factor for scanning international markets? A) Cultural homogeneity. B) Political ideologies. C) Technological stagnation. D) Legal uniformity. Show Answer Correct Answer: B) Political ideologies. 3. An individual with a strong sense of personal ethics is more likely to behave in an unethical manner in a business setting. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 4. What is the main characteristic of a merger as a mode of entry? A) An agreement between two parties to cooperate in a certain way for a certain time. B) A more-than-friendly acquisition between roughly equal companies. C) A financial transaction to gain control of the target's operations. D) The formal establishment of business operations on foreign soil. Show Answer Correct Answer: B) A more-than-friendly acquisition between roughly equal companies. 5. What is the primary goal of international business? A) To focus solely on domestic sales. B) To expand market reach and increase profitability. C) To reduce competition in local markets. D) To limit product diversity across regions. Show Answer Correct Answer: B) To expand market reach and increase profitability. 6. What is a Multinational Corporation (MNC)? A) A company that operates in multiple countries and has production or service facilities outside its country of origin. B) An tax imposed on imported goods and services. C) An investment made by a company in one country in business interests located in another country. D) A commercial agreement in which two or more parties agree to pool their resources and expertise to achieve a specific goal. Show Answer Correct Answer: A) A company that operates in multiple countries and has production or service facilities outside its country of origin. 7. An association of 12 member nations of southeast Asia to promote economic growth, free trade and economic collaboration between member nations. A) ASEAN. B) EU. C) NAFTA. D) None of the above. Show Answer Correct Answer: A) ASEAN. 8. What are Incoterms used for? A) To determine product quality. B) To define trade tariffs. C) To clarify responsibilities between buyers and sellers in international trade. D) To register a company name. Show Answer Correct Answer: C) To clarify responsibilities between buyers and sellers in international trade. 9. The team leader should generate enthusiasm in his team, maintain the morale under all conditions and obtain the maximum contribution from each member by his own example. True or false? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. Which of the following is an example of localization strategy given by the reporter? A) Intel company. B) Caterpillar Inc. C) Nestle. D) Pfizer Company. E) Procter & Gamble. Show Answer Correct Answer: C) Nestle. 11. What is the first step in the market-and site-screening process? A) Identify Basic Appeal. B) Assess The National Business Environment. C) Select The Market Or Site. D) Measure Market Or Site Potential. Show Answer Correct Answer: A) Identify Basic Appeal. 12. UNIT 1:ABOUT YOUVocabulary:a/anIt isn't a ..... company. A) German. B) American. C) English. D) Asian. Show Answer Correct Answer: C) English. 13. Including all the business activities necessary for creating, shipping, and selling goods and services across national borders A) Domestic Business. B) International Business. C) Interstate Commerce. D) Intrastate Commerce. Show Answer Correct Answer: B) International Business. 14. Individual tastes, as measured by utility, of various bundles of goods. They permit the consumer to rank these bundles of goods according to the levels of utility they give the consumer. A) Demographics. B) Net Income. C) Wealth Index. D) Consumer Preferences. Show Answer Correct Answer: D) Consumer Preferences. 15. A country being able to make a product or service at a lower cost than other countries is considered? A) Absolute advantage. B) Concerning advantage. C) Comparative advantage. D) Available advantage. Show Answer Correct Answer: A) Absolute advantage. 16. The lowering of trade and investment barriers allows firms to base production at the optimal location for that activity. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 17. Which one of the following modes of entry requires higher level of risks? A) Licensing. B) Franchising. C) Contract manufacturing. D) Joint venture. Show Answer Correct Answer: D) Joint venture. 18. Which theory of International Business explains that firms become multinational corporations (MNCs) due to Ownership, Location, and Internalization (OLI) advantages? A) Absolute Advantage Theory. B) Comparative Advantage Theory. C) Eclectic Paradigm. D) Product Life Cycle Theory. Show Answer Correct Answer: C) Eclectic Paradigm. 19. When drawing up a written contract, you do not need to cover the general clause like insurance, inspection, claim ..... True or False? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 20. Import-a tax or duty to be paid on a particular class of imports or exports. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. Riskiest way of entering a new market, because it involves buying an existing business or setting a new one A) Foreign Direct Investment. B) Joint Venture. C) Licensing. D) Export. E) Internet. Show Answer Correct Answer: A) Foreign Direct Investment. 22. This model explains that the interaction of these four groups of characteristics will determine a country's competitive advantage in the global arena. A) Theory of Comparative Advantage. B) Theory of Absolute Advantage. C) Factor Price Equalization Theory. D) Porter's Diamond Model of National Competitive Advantage. Show Answer Correct Answer: D) Porter's Diamond Model of National Competitive Advantage. 23. Which of the following statements is true of the Leontief Paradox? A) It shows an anomaly that occurs when a nation has high domestic demand for a product. B) It explains the relationship between domestic demand and comparative advantage. C) It disproved Ricardo's theory of comparative advantage. D) It raised questions about the validity of the Heckscher-Ohlin theory. Show Answer Correct Answer: D) It raised questions about the validity of the Heckscher-Ohlin theory. 24. What is the main goal of protectionist policies? A) To promote free trade. B) To protect domestic jobs. C) To lower prices for consumers. D) To increase imports. Show Answer Correct Answer: B) To protect domestic jobs. 25. Which of the following is NOT listed as a location disadvantage (LDA)? A) Cultural differences. B) Geographic remoteness. C) Strong market demand. D) Poor infrastructure. Show Answer Correct Answer: C) Strong market demand. ← 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