This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 31 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 31 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which framework helps firms decide when to attack and counter-attack each other? A) AMC framework. B) BOS framework. C) JV framework. D) WOG framework. Show Answer Correct Answer: A) AMC framework. 2. When one country purchases goods from another country, it is known as A) Local trade. B) National Trade. C) Import Trade. D) Export Trade. Show Answer Correct Answer: C) Import Trade. 3. Who issue Mate Receipt? A) Shipping Company. B) Customs Authority. C) Port Supervisor. D) Captain of the ship. Show Answer Correct Answer: D) Captain of the ship. 4. Abstract ideas about what a society believes to be good, right and desirable, are A) Economics. B) Politics. C) Values. D) Technology. Show Answer Correct Answer: C) Values. 5. Engaging in CSR can help mitigate reputational risks and potential legal liabilities associated with environmental and social impacts. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 6. Bill of Entry for keeping for keeping goods in warehouse is of A) White colour. B) Green Colour. C) Yellow colour. D) Red Colour. Show Answer Correct Answer: C) Yellow colour. 7. Governments encourage and promote its country's exports primarily because A) Exports increase government revenues by selling export insurance. B) Exports increase the country's international image and reputation. C) Exports create jobs and foster economic prosperity. D) None of the above. Show Answer Correct Answer: C) Exports create jobs and foster economic prosperity. 8. What is SaaS? A) Standard Accounting and Audit Services. B) Software as a Service. C) Strategic Alliance and Acquisition System. D) Supply and Shipping Services. Show Answer Correct Answer: B) Software as a Service. 9. These below are elements of import-export contracts except, A) Risk, International Payments, Essential Terms. B) Risk, International Payments, Default, Tarrifs. C) Risk, International Payments, Default, Essential Terms. D) Risk, Default, Intellectual Property Rights, Essential Terms. Show Answer Correct Answer: D) Risk, Default, Intellectual Property Rights, Essential Terms. 10. ..... involves producing goods at home and then shipping them to the receiving country for sale. A) Importing. B) Licensing. C) Exporting. D) FDI. Show Answer Correct Answer: C) Exporting. 11. Disadvantages of franchising for the franchisee include: A) High initial investment and ongoing fees. B) Less control and flexibility compared to owning a business. C) Dependence on the franchisor's success and reputation. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. With a policy of ..... , a country focuses on its own problems and does not get involved in other countries' issues. A) Isolationism. B) Internationalism. C) Foreign policy. D) National interest. Show Answer Correct Answer: A) Isolationism. 13. Which of the following would be considered an international business transaction? A) Purchasing products in one country and assembling them in the same country. B) Recruiting employees internationally. C) Borrowing money from a major bank to finance capital improvements. D) Shipping finished products from one country to another for retail sale. Show Answer Correct Answer: D) Shipping finished products from one country to another for retail sale. 14. Post shipment finance can be availed for A) Short term. B) Medium term. C) Long term. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. A rule or law that slows or prevents trading with other nations A) Trade Barrier. B) Export. C) Import. D) Tariff Barrier. Show Answer Correct Answer: A) Trade Barrier. 16. Name one major cultural difference that can impact international business. A) Individualism versus collectivism. B) High-context versus low-context communication. C) Monochronic versus polychronic time orientation. D) Power distance index variations. Show Answer Correct Answer: A) Individualism versus collectivism. 17. What is one of the reasons to study International Business? A) To limit competition. B) To avoid cultural diversity. C) To focus only on domestic markets. D) To keep track of the latest business instruments. Show Answer Correct Answer: D) To keep track of the latest business instruments. 18. ..... :Selling goods in foreign markets at a price below cost. A) Ditching. B) Directing. C) Dumping. D) Deserting. Show Answer Correct Answer: C) Dumping. 19. What does the network internationalization model emphasize in the process of internationalization? A) Building production subsidiaries. B) Network building in foreign countries to reduce the liability of outsidership. C) Licensing agreements. D) Sporadic exports. Show Answer Correct Answer: B) Network building in foreign countries to reduce the liability of outsidership. 20. When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as A) Contract manufacturing. B) Franchising. C) Joint ventures. D) Licensing. Show Answer Correct Answer: C) Joint ventures. 21. ..... is the predecessor WTO. A) The General agreement on Tariff and Trade. B) International monetary fund. C) World bank. D) International Trade Organization. Show Answer Correct Answer: A) The General agreement on Tariff and Trade. 22. What is the foreign exchange market? A) A physical marketplace in New York. B) An online platform for currency trading. C) A series of interconnected entities trading currencies. D) A government-run currency exchange program. Show Answer Correct Answer: C) A series of interconnected entities trading currencies. 23. A place where trade occurs A) Import. B) Export. C) Resource. D) Market. Show Answer Correct Answer: D) Market. 24. This country's economy is dependent on oil and their economy is the largest in the Arab world. A) Saudi Arabia. B) South Korea. C) Russia. D) None of the above. Show Answer Correct Answer: A) Saudi Arabia. 25. What is the significance of market research in international business? A) Market research focuses solely on product pricing strategies. B) Market research is irrelevant in understanding global trends. C) Market research is only important for domestic businesses. D) Market research is crucial for understanding consumer behavior and market dynamics in international business. Show Answer Correct Answer: D) Market research is crucial for understanding consumer behavior and market dynamics in international business. ← 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