This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 34 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 34 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the definition of exchange rate? A) The value of currency in one country as compared to the value of currency in another. B) The value of currency within a country. C) The value of goods and services in one country as compared to another. D) The value of goods and services within a country. Show Answer Correct Answer: A) The value of currency in one country as compared to the value of currency in another. 2. "Company activity inputs may come partly from other countries but outputs come entirely from the home country" is not considered as international business A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 3. Globalization defined as ..... A) Is the widening set of interdependent relationships among people from different parts of a world divided into nations. B) Service industries are very common to find on the most profitable small business list. C) Segmentation in market research to understand consumer behavior. D) The sum total of all external and internal factors that influence a business. Show Answer Correct Answer: A) Is the widening set of interdependent relationships among people from different parts of a world divided into nations. 4. Which function is part of the WTO's responsibilities? A) Negotiating peace treaties. B) Issuing national customs tariffs. C) Regulating domestic price controls. D) Providing a forum for trade talks. Show Answer Correct Answer: D) Providing a forum for trade talks. 5. Arsitektur organisasi melibatkan elemen-elemen berikut, kecuali: A) Struktur organisasi. B) Budaya organisasi. C) Keputusan finansial. D) Aliran informasi. Show Answer Correct Answer: C) Keputusan finansial. 6. Which of the following is NOT a long-standing controversy in the WTO? A) Climate change. B) Agricultural subsidies in developed countries. C) Tariffs in industries where developing countries may have comparative advantages. D) IP protection. Show Answer Correct Answer: A) Climate change. 7. Which of the following is a potential negative effect of trade protectionism? A) Improved trade relations with other countries. B) Increased variety of goods available. C) Increased competition for domestic producers. D) Higher prices for consumers. Show Answer Correct Answer: D) Higher prices for consumers. 8. Culture is often described as the collective programming of human thought and behaviour. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 9. Which from the list are major components of balance of payment (BOP) accounting system? i.Errors and Omissions ii. Portfolio Investment iii. Official Reserves iv.Foreign Direct Investment A) I and ii. B) I and iii. C) Ii and iii. D) Ii and iv. Show Answer Correct Answer: B) I and iii. 10. Goods and Services are ..... A) Products. B) Provided by people and are tangible. C) Wastes of money. D) Always needs. Show Answer Correct Answer: A) Products. 11. The advantage of the geographic region structure is: A) Economies of scale in global production. B) Strong responsiveness to local markets. C) Easier central control from headquarters. D) Lower administrative costs. Show Answer Correct Answer: B) Strong responsiveness to local markets. 12. Which modes of entry permits greatest degree of control over overseas operations? A) Joint ventures. B) Exporting and Importing. C) Contract Manufacturing. D) Wholly owned subsidiaries. Show Answer Correct Answer: D) Wholly owned subsidiaries. 13. Which element of culture includes the practices and beliefs related to spiritual or religious activities and institutions? A) Material Culture. B) Religion. C) Language. D) Manners and Customs. Show Answer Correct Answer: B) Religion. 14. What is the main purpose of foreign exchange markets? A) To sell foreign goods. B) Facilitate the exchange of one currency for another. C) To regulate the stock market. D) To provide loans to foreign countries. Show Answer Correct Answer: B) Facilitate the exchange of one currency for another. 15. Why might certain industries receive larger grants? A) They have a higher potential for economic growth. B) They are more popular among consumers. C) They have fewer competitors in the market. D) They are located in urban areas. Show Answer Correct Answer: A) They have a higher potential for economic growth. 16. Imitative theory is a theory of A) FDI. B) International trade. C) Foreign exchange. D) Export. Show Answer Correct Answer: A) FDI. 17. What is the purpose of designing international channels of distribution? A) To optimize product adaptation. B) To ensure efficient delivery of products to international markets. C) To standardize pricing strategies. D) To enhance global advertising. Show Answer Correct Answer: B) To ensure efficient delivery of products to international markets. 18. Which of the following is NOT mentioned as a factor influencing the long-run economic benefits of entering a national market? A) Market population size. B) International political conditions. C) Economic growth rate. D) Current consumer purchasing power. Show Answer Correct Answer: B) International political conditions. 19. Geographic region structures make it difficult for companies to respond to local customer needs. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. Offshoring always results in higher costs for companies. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. Modern days mercantilism is reflected in protectionism A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 22. Which statement best captures mercantilism's core policy advice? A) Trade increases between large, nearby economies. B) Specialize in goods with the lowest opportunity cost. C) Keep activities in-house to reduce transaction costs. D) Export more and import less to accumulate wealth. Show Answer Correct Answer: D) Export more and import less to accumulate wealth. 23. What is a potential power imbalance issue between host countries and MNEs? A) Host countries may feel that MNEs hold significant economic power, leading to tension and unease about potential exploitation. B) MNEs often lack the resources to influence host country policies. C) Host countries usually dominate MNEs in all negotiations. D) MNEs are typically more concerned about being exploited by host countries than vice versa. Show Answer Correct Answer: A) Host countries may feel that MNEs hold significant economic power, leading to tension and unease about potential exploitation. 24. The more closed a society is, the more important ..... group membership is. A) Acquired. B) Age based. C) Education. D) Ascribed. Show Answer Correct Answer: D) Ascribed. 25. Translation risk arises when a multinational company consolidates financial statements of its subsidiaries operating in foreign countries into a single reporting currency. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← 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