This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 28 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 28 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Export-a commodity, article, or service brought in from abroad for sale. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 2. How many steps of the Strategic Management Process? A) 5-step process. B) 6-step process. C) 7-step process. D) 8-step process. Show Answer Correct Answer: D) 8-step process. 3. In 2006 this Spanish speaking country achieved the highest nominal GDP per capita in Latin America. A) Brazil. B) Mexico. C) Chili. D) None of the above. Show Answer Correct Answer: C) Chili. 4. Takes place when you observe a person and infer meaning. A) Written Communication. B) Email Proposal. C) Verbal Communication. D) Non-Verbal Communication. Show Answer Correct Answer: D) Non-Verbal Communication. 5. What does the term "import" mean? A) Selling goods abroad. B) Buying goods from another country. C) Shipping goods locally. D) Creating a new product. Show Answer Correct Answer: B) Buying goods from another country. 6. Which strategy is the most suitable for the firm that face both high cost pressures and high pressures for local responsiveness A) Global standardization. B) Localization. C) Transnational. D) International. Show Answer Correct Answer: C) Transnational. 7. When a company decides to examine the competition's financial and marketing performance they assign the task to whom? A) Market Analyst. B) Engineer. C) Brand Manager. D) Marketing Director. Show Answer Correct Answer: A) Market Analyst. 8. Exporters can access financing through export credits, trade finance, and export factoring to support their international trade activities. This is known as ..... A) Export Financing. B) Export Tariffs. C) Export Subsidies. D) Export Quotas. Show Answer Correct Answer: A) Export Financing. 9. To take advantage of tax incentives is an ..... reason why companies venture into International Marketing. A) Internal. B) External. C) Not in the choices. D) None of the above. Show Answer Correct Answer: B) External. 10. THEY LIMIT WORLD TRADE A) THEORY OF ABSOLUTE ADVANTAGE. B) THEORY OF COMPARATIVE ADVANTAGE. C) PROTECTIONISM. D) BALANCE OF PAYMENT. E) TRADE BARRIERS. Show Answer Correct Answer: E) TRADE BARRIERS. 11. The cost incurred in producing an additional unit of a product is called- A) Opportunity cost. B) Marginal cost. C) All the above. D) None of the above. Show Answer Correct Answer: B) Marginal cost. 12. This organization is the largest international economic organization in the world. A) GATT. B) WTO. C) NAFTA. D) MFN. Show Answer Correct Answer: B) WTO. 13. A distinct subgroup of customers who share certain personal/behavioral characteristics is known as a market segment. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 14. What types of programs does Airbnb operate to meet local guest expectations? A) Global partnership programs. B) Country-specific partnership programs. C) Regional partnership programs. D) City-specific partnership programs. Show Answer Correct Answer: B) Country-specific partnership programs. 15. Ethical concerns A) Benefits. B) Limitations. C) All the above. D) None of the above. Show Answer Correct Answer: B) Limitations. 16. What is one potential disadvantage of international trade in terms of goods imports? A) It promotes the well-being of the people. B) It leads to a shortage of goods in the domestic market. C) It has no impact on the economy and well-being of the people. D) It has a positive effect on the economy and well-being of the people. Show Answer Correct Answer: B) It leads to a shortage of goods in the domestic market. 17. Some of the major challenges facing the EU include: A) Economic instability, migration, climate change, and political fragmentation. B) Rapid population growth, lack of natural resources, and isolationism. C) Excessive military spending, tropical diseases, and space exploration. D) Frequent earthquakes, tsunamis, and volcanic eruptions. Show Answer Correct Answer: A) Economic instability, migration, climate change, and political fragmentation. 18. The US, European Union, and Japan are referred to as the Triad in international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. A matrix organization combines: A) Product and geographic structures. B) Function and customer structures. C) Market and finance structures. D) Region and supply chain. Show Answer Correct Answer: A) Product and geographic structures. 20. Suppose that the exchange rate between the dollar and the peso changed from 6 pesos per dollar to 8 pesos per dollar. This change means that the ..... A) Peso appreciated in value. B) Peso depreciated in value. C) Dollar depreciated in value. D) None of the above. Show Answer Correct Answer: B) Peso depreciated in value. 21. Which of the following is NOT listed as a barrier to International Trade in the image? A) Economic. B) Legal. C) Environmental. D) Technological. Show Answer Correct Answer: C) Environmental. 22. An export is a A) Good/service brought into a country. B) Good/service sent to another country. C) Good brought into a country. D) None of the above. Show Answer Correct Answer: B) Good/service sent to another country. 23. Which of the following export documents is known as document of title? A) Mate's Receipt. B) Proforma Invoice. C) Bill of Exchange. D) Bill of lading. Show Answer Correct Answer: D) Bill of lading. 24. Trade-the action of buying and selling goods and services. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. The British Chambers of Commerce is a network of how many accredited chambers of commerce across the UK? A) 53. B) 75. C) 100. D) 150. Show Answer Correct Answer: A) 53. ← 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