This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 3 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Full form of WTO is: A) Work Trade Organisation. B) World Transfer Organisation. C) World Trade Organisation. D) Wonder Trade Organisation. Show Answer Correct Answer: C) World Trade Organisation. 2. What is the basic motive of company internationalization: A) Development. B) Profit maximization. C) Survival. D) All answers are correct. Show Answer Correct Answer: D) All answers are correct. 3. Is international finance a branch of international business? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. What was the main goal of the Kyoto Protocol signed in 1997? A) To cut CO2 emissions of developed countries by 6% of 1990 levels by 2012. B) To regulate international monetary cooperation. C) To provide technical assistance to developing countries. D) To monitor the global economy. Show Answer Correct Answer: A) To cut CO2 emissions of developed countries by 6% of 1990 levels by 2012. 5. If a company is headquartered in Taiwan, then Taiwan is the company's ..... A) Host country. B) Home country. C) Dominant country. D) Competitive country. Show Answer Correct Answer: B) Home country. 6. ..... refers to the legal rights given to the inventor or creator to protect his invention or creation. A) Franchisee. B) Intellectual property rights. C) Takeover. D) Logo. Show Answer Correct Answer: B) Intellectual property rights. 7. UNIT 1:ABOUT YOUVocabulary:a/anIs it an ..... name? A) German. B) Thai. C) English. D) Korean. Show Answer Correct Answer: C) English. 8. (a) is a political system in which government leaders are elected directly by the wide participation of the people or by their representatives. A) A. Democracy. B) Dictatorship. C) Monarchy. D) None of the above. Show Answer Correct Answer: A) A. Democracy. 9. How do cultural values affect consumer behavior in different countries? A) Cultural values have no impact on consumer behavior. B) Cultural values are the same across all countries. C) Cultural values significantly influence consumer behavior by shaping preferences, purchasing habits, and brand perceptions in different countries. D) Consumer behavior is solely determined by economic factors. Show Answer Correct Answer: C) Cultural values significantly influence consumer behavior by shaping preferences, purchasing habits, and brand perceptions in different countries. 10. Which of the following is NOT a strategic objective of Foreign Direct Investment (FDI)? A) Tapping into new markets. B) Gaining access to natural resources. C) Enhancing the firm's efficiency. D) Reducing employee turnover. Show Answer Correct Answer: D) Reducing employee turnover. 11. A situation in which a nation exports more goods and services than it imports. A) Balance of Payments. B) Trade Surplus. C) Trade Deficit. D) Balance of Trade. Show Answer Correct Answer: B) Trade Surplus. 12. Diantara kedua pihak dalam pasar modal terdapat penengah yang disebut dengan ..... A) Market Taker. B) Market Maker. C) Market Provider. D) Market Connector. Show Answer Correct Answer: B) Market Maker. 13. What is classical theory? A) It is from the perspective of a country. B) It is from the perspective of a firm. C) Both A and B. D) None of the above. Show Answer Correct Answer: A) It is from the perspective of a country. 14. The primary strategic direction of MNE affiliates comes from: A) The home country. B) The host country. C) The government. D) Regional headquarters. Show Answer Correct Answer: A) The home country. 15. This Japanese company has a lot of quality methods A) Samsung. B) Nokia. C) Toyota. D) None of the above. Show Answer Correct Answer: C) Toyota. 16. Hoard:to collect small amount of something and keep it for yourself, often in a secret place A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 17. Which is NOT a role of international strategy? A) Help the company compete effectively in international markets. B) Oriented toward smaller steps and a shorter time frame along the way. C) Help managers identify and utilize business opportunities, incorporate individual and collective efforts, allocate time and resources appropriately, and minimize mistakes. D) Coordinate all departments within the company to achieve the most effective goals. Show Answer Correct Answer: B) Oriented toward smaller steps and a shorter time frame along the way. 18. What is the meaning of import? A) Exporting code or modules from the current program. B) Bringing in external code or modules into the current program. C) Deleting code or modules from the current program. D) Renaming code or modules in the current program. Show Answer Correct Answer: B) Bringing in external code or modules into the current program. 19. Which of the following lists THREE entry strategies in Global Business? A) Exporting, Joint Ventures, Franchising. B) Exporting, Licensing, Importing. C) Mergers, Acquisitions, Outsourcing. D) Licensing, Importing, Offshoring. Show Answer Correct Answer: A) Exporting, Joint Ventures, Franchising. 20. Contractual agreements that allow foreign firms to use products, services, and processes from other nations are known as: A) Licensing, Copyrighting. B) Licensing, Franchising. C) Copyrighting, Franchising. D) Patenting, Processing. Show Answer Correct Answer: B) Licensing, Franchising. 21. Which one of the following is not amongst India's major exports items? A) Textiles & garments. B) Gems & Jewellery. C) Oil & Petroleum products. D) Basmati Rice. Show Answer Correct Answer: D) Basmati Rice. 22. Customer preferences tend to be more homogeneous in international markets compared to domestic markets. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 23. EXIM Policy stands for: A) Export Incentive Ministry. B) Export-Import Policy. C) External Import Measures. D) Export Insurance Mandate. Show Answer Correct Answer: B) Export-Import Policy. 24. How do differences in tastes and preferences of customer impact on firm production process? A) Firm ignore local preferences to maintain their product quality. B) Firm standardize their products all across markets. C) Firm customize their products according to the local needs and wants. D) Firm cannot distribute their product into that market since the product does not meet the tastes and preferences. Show Answer Correct Answer: C) Firm customize their products according to the local needs and wants. 25. Which one of the following is not a part of the import document A) Indent. B) Bill of Entry. C) Bill of Sight. D) Mates' Receipt. Show Answer Correct Answer: D) Mates' Receipt. ← 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 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 10Class 11 Business Studies Chapter 10 International Business Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books