This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 35 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 35 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. It requires a firm to try to lower the cost of value creation. A) Differences in distribution channels. B) Pressure for cost reduction. C) International strategy. D) Host government demands. E) Ow pressures for local responsiveness. Show Answer Correct Answer: B) Pressure for cost reduction. 2. Using strategic thinking, explain why high entry barriers might facilitate collusion among firms in an industry. A) High entry barriers prevent new competitors, making it easier for existing firms to coordinate and maintain collusion. B) High entry barriers increase competition, making collusion less likely. C) High entry barriers have no effect on collusion. D) High entry barriers only benefit consumers. Show Answer Correct Answer: A) High entry barriers prevent new competitors, making it easier for existing firms to coordinate and maintain collusion. 3. What describes the strategic imperative related to service and speed in today's business environment? A) Providing what customers want only as per company convenience. B) Speed is considered an optional goal. C) Continually meeting customer needs quickly and establishing long-term relationships. D) Slowing down processes to ensure error-free outcomes. Show Answer Correct Answer: C) Continually meeting customer needs quickly and establishing long-term relationships. 4. Absolute restriction on the import of certain products from certain countries is called A) Quota. B) Trade Embargo. C) Protectionism. D) Boycott. Show Answer Correct Answer: D) Boycott. 5. What economic advantage can be gained by taking advantage of currency fluctuations? A) Reduced profit margins. B) Exporting when the local currency is high against other currencies. C) Increased taxation. D) Dependence on local resources. Show Answer Correct Answer: B) Exporting when the local currency is high against other currencies. 6. What are the potential risks of doing business on a foreign planet? A) Difficulty in understanding alien technology. B) Challenges in adapting to the alien planet's economy and laws. C) Problems in intergalactic transportation. D) Learning alien languages. Show Answer Correct Answer: B) Challenges in adapting to the alien planet's economy and laws. 7. What is the first step in a "country analysis" ? A) Analyzing a Country's Context. B) Making a Prediction. C) Identifying the Country's Strategy. D) Analyzing the Past Performance. Show Answer Correct Answer: D) Analyzing the Past Performance. 8. What is the main implication of globalization for businesses? A) Reduced competition. B) Access to global markets. C) Lower cultural diversity. D) Decrease in technological innovation. Show Answer Correct Answer: B) Access to global markets. 9. What impact do tariffs have on consumer prices in international trade? A) Tariffs have no effect on consumer prices. B) Tariffs generally lower consumer prices by reducing import costs. C) Tariffs increase consumer prices by raising the cost of imported goods. D) Tariffs only affect the prices of domestic goods. Show Answer Correct Answer: C) Tariffs increase consumer prices by raising the cost of imported goods. 10. Who is the current president of South Africa? A) Nelson Mandela. B) Abdullahi Mohamed. C) Vladimir Putin. D) Cyril Ramaphosa. Show Answer Correct Answer: D) Cyril Ramaphosa. 11. It was founded on January 1st 1995 according to the General agreement on trade and tarrif. A) WHO. B) FAO. C) IMF. D) WTO. Show Answer Correct Answer: D) WTO. 12. It is not easy to pursue since it places a conflicting demand in the company. A) Global Standardization strategy. B) Local Responsiveness Pressure. C) Cost-Reduction Pressure. D) Transnational Strategy. E) International Strategy. Show Answer Correct Answer: D) Transnational Strategy. 13. How do technological advancements affect global supply chains? A) Technological advancements improve efficiency, reduce costs, and enhance flexibility in global supply chains. B) Technological advancements lead to higher transportation costs globally. C) Technological advancements reduce the need for communication in supply chains. D) Technological advancements increase manual labor requirements in supply chains. Show Answer Correct Answer: A) Technological advancements improve efficiency, reduce costs, and enhance flexibility in global supply chains. 14. The order of issues on the agenda is fixed. True or false? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 15. What is the main idea behind Mercantilism? A) Imports are more valuable than exports. B) Trade should always be balanced. C) Countries should maximize exports and minimize imports. D) Free trade benefits all nations equally. Show Answer Correct Answer: C) Countries should maximize exports and minimize imports. 16. Which product is the least exported to Germany? A) Gold. B) Fruit and Nuts. C) Coal. D) Medical Instruments. Show Answer Correct Answer: B) Fruit and Nuts. 17. ..... are purchases of foreign financial assets for a purpose other than control. A) Foreign direct investments. B) Global business investments. C) Foreign portfolio investments. D) Indirect investments. Show Answer Correct Answer: C) Foreign portfolio investments. 18. What does international business include? A) Trade of goods and services within a country. B) Trade of goods and services between countries. C) Trade of goods and services within a city. D) Trade of goods and services within a continent. Show Answer Correct Answer: B) Trade of goods and services between countries. 19. Controls the transmission of physical materials through the value chain, from procurement through production and into distribution. A) Production. B) Human Resources. C) Information System. D) Research and Development. E) Logistics. Show Answer Correct Answer: E) Logistics. 20. List two benefits of trade and foreign direct investment. A) Economic growth and enhanced productivity. B) Increased unemployment and reduced innovation. C) Decreased market access and lower efficiency. D) Higher trade barriers and less competition. Show Answer Correct Answer: A) Economic growth and enhanced productivity. 21. Mercantilists believed that a country could increase the amount of wealth it had by ..... A) Promoting exports and discouraging imports. B) Discouraging exports and promoting imports. C) Controlling imports and exports. D) Increasing both imports and exports. Show Answer Correct Answer: A) Promoting exports and discouraging imports. 22. What is crucial for a firm to maintain its competitive advantage in terms of innovation? A) Focusing solely on traditional practices. B) Adapting to changes in consumer demands and continually innovating. C) Avoiding risks at all costs. D) Concentrating exclusively on domestic markets. Show Answer Correct Answer: B) Adapting to changes in consumer demands and continually innovating. 23. Which countries does the IMF have no power over regarding its loans? A) Countries that do not need its loans, even when running major budget deficits or current account deficits, such as the USA and the EU. B) Developing countries in financial difficulties. C) Countries that signed the Kyoto Protocol. D) Nations affected by climate change. Show Answer Correct Answer: A) Countries that do not need its loans, even when running major budget deficits or current account deficits, such as the USA and the EU. 24. Which of the following is a challenge in international human resource management? A) Managing cultural differences. B) Selling local products overseas. C) Using local financial systems. D) Increasing local taxes. Show Answer Correct Answer: A) Managing cultural differences. 25. Purchasing the right to use a company name or business process in a specific way. E.g. McDonald's, Burger King, KFC and Pizza Hut. A) Exporting. B) Licensing. C) Franchising. D) Joint venture. Show Answer Correct Answer: C) Franchising. ← 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