This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 27 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the role of family units in culture? A) Provide early education. B) Control economic systems. C) Determine government policies. D) None of the above. Show Answer Correct Answer: A) Provide early education. 2. Licensing always allows a firm to retain full control over its technology and market strategy in the foreign market. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 3. Which of the following involves acquiring ownership or control in a foreign company? A) Foreign Portfolio Investment. B) Foreign Direct Investment. C) Licensing agreement. D) Export contract. Show Answer Correct Answer: B) Foreign Direct Investment. 4. Define licensing in the context of international business. A) Licensing is a method of acquiring a company through a merger. B) Licensing is an agreement allowing one company to use another's intellectual property in exchange for fees or royalties. C) Licensing refers to the process of exporting goods without tariffs. D) Licensing is a strategy for reducing production costs by outsourcing. Show Answer Correct Answer: B) Licensing is an agreement allowing one company to use another's intellectual property in exchange for fees or royalties. 5. How does Porter's Diamond Model contribute to international business? A) It explains why certain nations excel in specific industries. B) It focuses on the relationship between exchange rates. C) It predicts stock market trends. D) None of the above. Show Answer Correct Answer: A) It explains why certain nations excel in specific industries. 6. Communication tends to be indirect, harmoniously structured, and understated. In conversation, people are expected to speak one after another in an orderly, linear fashion. A) High Context. B) Low Context. C) All the above. D) None of the above. Show Answer Correct Answer: A) High Context. 7. Challenge faced by international business are A) Political risk. B) Current rates. C) Foreign rules & regulations. D) All the above. Show Answer Correct Answer: D) All the above. 8. What is an import quota? A) A partnership formed to create competitive advantage. B) A firm that operates on a worldwide scale. C) Taxes on imports and occasionally exports. D) A certain amount must be imported from another country by agreement. Show Answer Correct Answer: D) A certain amount must be imported from another country by agreement. 9. ..... reduces trade barriers and encourages trade between countries. A) Free-trade zones. B) Free-trade agreements. C) Non-tariff alliances. D) Common markets. Show Answer Correct Answer: B) Free-trade agreements. 10. A US company can obtain political risk insurance on an overseas subsidiary or investment from A) The US Dept of Agriculture. B) The US Dept. of Commerce. C) The Overseas Private Investment Corporation. D) Free-trade agreements. Show Answer Correct Answer: C) The Overseas Private Investment Corporation. 11. Yang merupakan produk global dari Indonesia A) J.Co Donuts & Coffee. B) Dunkin Donuts. C) Axe. D) Burger King. Show Answer Correct Answer: A) J.Co Donuts & Coffee. 12. What is NDF? A) One party pays to the other the difference between the spot price on the specified date and the initially agreed forward price. B) One party pays to the other the difference between the spot price and the forward price at the contract initiation date. C) One party pays to the other the difference between the market price at contract signing and the forward price on the specified date. D) None of the above. Show Answer Correct Answer: A) One party pays to the other the difference between the spot price on the specified date and the initially agreed forward price. 13. The seller of an option is called A) Speaker. B) Reader. C) Writer. D) Learner. Show Answer Correct Answer: C) Writer. 14. What is the primary purpose of these policies? A) To hinder international trade. B) To limit competition in the international marketplace. C) To ensure fair competition and promote exports. D) To promote imports at the expense of exports. Show Answer Correct Answer: C) To ensure fair competition and promote exports. 15. What is the main advantage of a product-based structure? A) Strong regional adaptation. B) Better focus on product specialization. C) Easier global coordination of all functions. D) Low operational cost. Show Answer Correct Answer: B) Better focus on product specialization. 16. GATT was established in which year? A) 1950. B) 1947. C) 1995. D) 2000. Show Answer Correct Answer: B) 1947. 17. Communication problems A) Benefits. B) Limitations. C) All the above. D) None of the above. Show Answer Correct Answer: B) Limitations. 18. If a country allows trade and the domestic price of a good is higher than the world price ..... A) The country will become an exporter of the good. B) The country will become an importer of the good. C) The country will neither import nor export. D) Additional information about demand is needed to determine whether the country will export or import the good. Show Answer Correct Answer: B) The country will become an importer of the good. 19. In mercantilism, The objective of each country is to have trade deficit and to avoid trade surplus. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 20. What is the role of the International Monetary Fund (IMF)? A) To create competitive advantage on a worldwide basis. B) To make short-term loans to developing countries experiencing balance-of-payment deficits. C) To assist in financing the exports of American firms. D) To provide loans to developing countries. Show Answer Correct Answer: B) To make short-term loans to developing countries experiencing balance-of-payment deficits. 21. Cross-border advertising is an activity of international business A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 22. What factors should a company consider before expanding internationally? A) Office location. B) Market research, cultural differences, legal requirements, economic stability, competition, supply chain logistics, and potential risks. C) Employee benefits. D) Branding strategies. Show Answer Correct Answer: B) Market research, cultural differences, legal requirements, economic stability, competition, supply chain logistics, and potential risks. 23. The following are the common types of political risk except: A) Expropriation/government interference. B) Transfer and Conversion. C) Currency devaluation. D) Political violence. Show Answer Correct Answer: C) Currency devaluation. 24. Which of the following best describes Hofstede's Cultural Dimensions? A) A framework for analyzing political stability. B) A tool for understanding cultural differences in global marketing. C) A method for calculating economic risks. D) A strategy for entering new markets. Show Answer Correct Answer: B) A tool for understanding cultural differences in global marketing. 25. Which mode of entry is typically the easiest way to enter an international market? A) Acquisitions. B) Exporting. C) Outsourcing. D) Partnership. Show Answer Correct Answer: B) Exporting. ← 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