This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 26 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 26 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Business activities that occur between two or more countries is ..... business. A) Interpersonal. B) Intercommunal. C) Intercostal. D) International. Show Answer Correct Answer: D) International. 2. Services are provided to you by other ..... A) People. B) Employees. C) Companies. D) Countries. Show Answer Correct Answer: A) People. 3. The most widely used tool for diagnosing the principle competitive pressures in a market is the: A) SWOT. B) Competitor Profilling. C) Five Forces Model. D) Market Analysis. Show Answer Correct Answer: C) Five Forces Model. 4. It is a step in Systematic Approach to Exporting where They identify qualified intermediaries and other foreign business partners. A) ORGANIZE FOR EXPORTING. B) ACQUIRE NEEDED SKILLS AND COMPETENCIES. C) ASSESS GLOBAL MARKET OPPORTUNITY. D) None of the above. Show Answer Correct Answer: C) ASSESS GLOBAL MARKET OPPORTUNITY. 5. What does 'productive efficiency' refer to? A) The ability to produce goods at a lower cost. B) The speed of production. C) The number of goods produced. D) The quality of goods produced. Show Answer Correct Answer: A) The ability to produce goods at a lower cost. 6. Access to global Markets A) Benefits. B) Limitations. C) All the above. D) None of the above. Show Answer Correct Answer: A) Benefits. 7. Shows all of the different positions that a firm can adopt? A) Support Activities. B) Location Economies. C) Global Web. D) Efficiency Frontier. E) Experience cruve. Show Answer Correct Answer: D) Efficiency Frontier. 8. What does the term 'tariff' mean in international trade? A) A subsidy provided by the government to promote international trade. B) A form of currency used for international transactions. C) A legal document required for importing and exporting goods. D) A tax or duty imposed on goods and services traded between countries. Show Answer Correct Answer: D) A tax or duty imposed on goods and services traded between countries. 9. UNIT 3:ABOUT WHERE YOU WORK'dialogue'I work ..... an office ..... the station. A) In/where. B) In/near. C) For/near. D) For/any. Show Answer Correct Answer: B) In/near. 10. Attitudes about the world which can be either true or false. A) Customs. B) Beliefs. C) Culture. D) Cultural Norms. Show Answer Correct Answer: B) Beliefs. 11. Which of the following is a barrier to free trade? A) Technological advancements. B) Globalization. C) Subsidies. D) Free trade agreements. Show Answer Correct Answer: C) Subsidies. 12. How many stages does the international product life cycle (IPLC) have? A) 3. B) 4. C) 5. D) 6. Show Answer Correct Answer: B) 4. 13. Local content requirements typically require what? A) A percentage of product is domestic. B) Strict customs paperwork rules. C) Exporters cap sales abroad. D) Taxes on all imported inputs. Show Answer Correct Answer: A) A percentage of product is domestic. 14. Which of the following best defines International Business? A) Trade between states within a country. B) Any business activity involving transactions across national borders. C) Only export and import of goods. D) Only foreign direct investment. Show Answer Correct Answer: B) Any business activity involving transactions across national borders. 15. What type of investment is it if you are investing in a country through its national stock market, there is no direct flow from investor to country, since the investor is investing in another company? A) Foreign Direct Investment. B) Indirect Foreign Investment. C) Globalization. D) None of the above. Show Answer Correct Answer: B) Indirect Foreign Investment. 16. Which method of financing carries the lowest risk for the exporter? A) Letter of Credit. B) Export Credit. C) Importer Pre Payment. D) Bank Loans. Show Answer Correct Answer: C) Importer Pre Payment. 17. A fast-food chain offers a unique menu in India that differs from its U.S. menu. Which strategic orientation does this illustrate? A) Geocentric with global uniform practices. B) Regiocentric with one strategy per region. C) Polycentric with host-country decision power. D) Ethnocentric with standardized home policies. Show Answer Correct Answer: C) Polycentric with host-country decision power. 18. Which form of international business involves a direct sale to customers located in another country? A) Export sales to foreign customers. B) Licensing of product technology. C) Agency representation in foreign markets. D) Foreign distributorship arrangements. Show Answer Correct Answer: A) Export sales to foreign customers. 19. Which of the following is a characteristic of a multinational corporation (MNC)? A) Operates only in its home country. B) Operates in multiple countries with a global strategy. C) Focuses only on local markets. D) Avoids cultural adaptation. Show Answer Correct Answer: B) Operates in multiple countries with a global strategy. 20. NAFTA stands for A) North African trade association. B) North American free trade agreement. C) Northern Atlantic trade agreement. D) Northern association for trade. Show Answer Correct Answer: B) North American free trade agreement. 21. Type of government, political stability and laws towards business are all examples of which of the elements of the international business environment? A) Culture. B) Economic Conditions. C) Geography. D) Political & Legal. Show Answer Correct Answer: D) Political & Legal. 22. Which of the following is an example of a direct export? A) A firm sells directly to overseas customers. B) A firm uses a foreign distributor to sell abroad. C) A firm hires consultants based abroad. D) A firm engages in R&D contracts. Show Answer Correct Answer: A) A firm sells directly to overseas customers. 23. What is Incoterms? A) Internal company terminology standards. B) International Commercial Terms for trade contracts. C) Internet commerce regulations. D) Income tax terms for international business. Show Answer Correct Answer: B) International Commercial Terms for trade contracts. 24. Which type of risk refers to the potential loss due to fluctuations in exchange rates when dealing with international business transactions? A) Market risk. B) Political risk. C) Currency risk. D) Credit risk. Show Answer Correct Answer: C) Currency risk. 25. Product or service goes through (4) stages:Which one does NOT belong. A) Introduction. B) Growth. C) Deficit. D) Maturity. Show Answer Correct Answer: C) Deficit. ← 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