This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 36 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 36 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is NOT a regional integration agreement shown on the map? A) NAFTA. B) GCC. C) European Union. D) SAARC. Show Answer Correct Answer: A) NAFTA. 2. UNIT 1:ABOUT YOUDIALOGUEA:My name's ..... I'm from ..... in Hong Kong. What's your name? A) Kurtis/key trading. B) Kurtis jarvis/Key Trading. C) Kurtis Jarvis/ Key Trading. D) Kurtis jarvis/ Key trading. Show Answer Correct Answer: C) Kurtis Jarvis/ Key Trading. 3. What is Individualism vs. Collectivism according to Hofstede's cultural dimensions? A) It measures the extent to which individuals prioritize their personal interests over group or societal interests. B) It measures the degree to which a society accepts inequality and power differences. C) It measures the extent to which people in a society avoid uncertainty and ambiguity. D) It measures the importance of long-term planning and perseverance in a society. Show Answer Correct Answer: A) It measures the extent to which individuals prioritize their personal interests over group or societal interests. 4. From the statement below, which is best describe the importance of size quota in International Monetary Fund (IMF)? A) To promote international monetary cooperation. B) To facilitate the expansion and balance growth of international trade. C) To determine its voting power within the IMF. D) To assist in the establishment of a multilateral system of payment. Show Answer Correct Answer: C) To determine its voting power within the IMF. 5. Bagaimana regional economic integration membantu pertumbuhan ekonomi? A) Meningkatkan biaya produksi. B) Meningkatkan persaingan antara negara-negara. C) Meningkatkan perdagangan antara negara-negara. D) Meningkatkan proteksionisme antara negara-negara. E) Semua jawaban salah. Show Answer Correct Answer: C) Meningkatkan perdagangan antara negara-negara. 6. Which of these is NOT a participant in the foreign exchange market? A) Banks. B) Governments. C) Multinational companies. D) Individual consumers. Show Answer Correct Answer: D) Individual consumers. 7. Explain the concept of direct investment in the context of foreign market entry. A) Direct investment involves buying stocks in a foreign company. B) Direct investment means exporting goods to a foreign country. C) Direct investment refers to providing loans to a foreign government. D) Direct investment involves a company from one country making a physical investment in a foreign country, such as building a new factory or acquiring a local company. Show Answer Correct Answer: D) Direct investment involves a company from one country making a physical investment in a foreign country, such as building a new factory or acquiring a local company. 8. A good or service sold to another country. A) Import. B) Export. C) Ethics. D) Translate. Show Answer Correct Answer: B) Export. 9. A multinational company needs to protect itself against currency fluctuation losses when expanding to Southeast Asia. The financial strategy they should employ is ..... ? A) Diversification. B) Hedging. C) Arbitrage. D) Liquidity management. Show Answer Correct Answer: B) Hedging. 10. Values are A) A free trade zone encompassing 27 European countries. B) Strongly held concepts that are present in a culture. Values are connected to powerful emotions. C) People may blindly obey the orders of their superiors and are less likely to question authority. Companies tend to use centralized decision-making and tall organization structures (many levels of management). D) None of the above. Show Answer Correct Answer: B) Strongly held concepts that are present in a culture. Values are connected to powerful emotions. 11. What was Ubers primary mode of foreign market entry when expanding internationally? A) Franchising. B) Joint Ventures only. C) Foreign Direct Investment and Local Partnerships. D) Exporting. Show Answer Correct Answer: C) Foreign Direct Investment and Local Partnerships. 12. According to comparative advantage trade theory offered by Ricardo A) Nation should produce one good only. B) Produce most of what it is the best + some other goods and trade for the rest. C) Produce equal amount of all goods. D) Be completely self-sufficient. Show Answer Correct Answer: B) Produce most of what it is the best + some other goods and trade for the rest. 13. A function-based global structure organizes activities by: A) Business divisions. B) Product lines. C) Corporate functions such as marketing, finance, operations. D) Geographic regions. Show Answer Correct Answer: C) Corporate functions such as marketing, finance, operations. 14. Which trade organization was created to help provide loans for rebuilding after WW II A) World Trade Organization. B) International Monetary Fund. C) World Bank. D) None of the above. Show Answer Correct Answer: C) World Bank. 15. The main criticism of the Strategic theory is caused by lack of detailed information about costs of production and difficulty to determine what business deserves to be called "strategic" A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 16. Imports are goods that are brought into a country for sale. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 17. The Internet has been a major force facilitating international trade in services. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 18. Among the content of business negotiation summary, which of the following is not concerned? A) Preparation work. B) Negotiating efficiency and results. C) The writer of contract. D) Opponent's working style. Show Answer Correct Answer: C) The writer of contract. 19. Which international corporate form structures its operations based on the geographic regions it serves, with separate management for each region? A) Global corporate form-Product. B) Global corporate form-Geographic regions. C) Global corporate form-Function. D) Matrix organizations. Show Answer Correct Answer: B) Global corporate form-Geographic regions. 20. Mumbai and neighbouring areas in Maharashtra are more involved with the production of A) Jute products. B) Cotton textiles. C) Silk. D) Nylon. Show Answer Correct Answer: B) Cotton textiles. 21. Import quotas are used to help protect domestic companies from foreign competition. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 22. ..... are units undertaking to export their entire production of goods. A) Foreign Trade Policy. B) Export oriented units. C) Both a & b. D) None of the above. Show Answer Correct Answer: B) Export oriented units. 23. Which of the following is not one of the Four Asian Tigers? A) South Korea. B) Taiwan. C) Japan. D) Hong Kong. Show Answer Correct Answer: C) Japan. 24. Which Incoterm places all responsibility and risk on the buyer, starting from the seller's location? A) DDP. B) CIF. C) EXW. D) FOB. Show Answer Correct Answer: C) EXW. 25. If you are school shopping and you see notebooks with Disney characters, MLB teams, and Bluey on them, this would be an example of what? A) Licensing. B) Franchising. C) Joint venture. D) Identity theft. Show Answer Correct Answer: A) Licensing. ← 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