This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 37 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 37 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which factor is crucial in managing international pricing? A) Factors affecting product design. B) Standard pricing versus country-by-country pricing. C) Push versus pull strategies. D) Direct versus indirect distribution. Show Answer Correct Answer: B) Standard pricing versus country-by-country pricing. 2. Greeting someone is an example of ..... A) Language. B) Social structure. C) Education. D) Behavior. Show Answer Correct Answer: A) Language. 3. When a firm wants both global efficiency and local responsiveness, the best choice is: A) Product structure. B) Geographic structure. C) Functional structure. D) Matrix structure. Show Answer Correct Answer: D) Matrix structure. 4. N some countries, it is illegal to publicly practice any religion other than one that is nationally recognized. A) TRUE. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 5. It's an option in which a parent company grants another company/firm the right to do business in a prescribed manner. A) Licensing. B) Foreign direct investment. C) Exporting. D) Franchising. Show Answer Correct Answer: D) Franchising. 6. TTIP stands for which agreement between the European Union and the United States? A) The Transatlantic Trade and Investment Pacific Ocean. B) The Transatlantic Trade and International Partnership. C) The Transatlantic Trade and International Pacific Ocean. D) The Transatlantic Trade and Investment Partnership. Show Answer Correct Answer: D) The Transatlantic Trade and Investment Partnership. 7. In Iowa farmers choose to produce large quantities of Corn. this is an example of ..... A) Absolute Advantage. B) Diversification. C) Comparative Advantage. D) Specialization. Show Answer Correct Answer: D) Specialization. 8. Under which standard, the values of currencies were fixed in terms of gold A) Gold-Silver. B) Silver-Gold. C) Gold. D) Gold Bond. Show Answer Correct Answer: C) Gold. 9. How does Infosys exemplify an international strategy? A) By offering standardized services globally. B) By customizing services for local markets. C) By maintaining a decentralized structure. D) By focusing on local responsiveness. Show Answer Correct Answer: A) By offering standardized services globally. 10. When traveling to Saudi Arabia, you need a ..... to enter the country. A) Travel agent. B) Wakeel. C) Travel guide. D) Interpretor. Show Answer Correct Answer: B) Wakeel. 11. What does sustainability emphasize in the context of competitive advantage? A) Sole focus on immediate profit maximization. B) A long-term perspective on sustaining the natural environment and building future business opportunities. C) Disregarding environmental considerations for short-term gains. D) Avoiding innovation to maintain traditional practices. Show Answer Correct Answer: B) A long-term perspective on sustaining the natural environment and building future business opportunities. 12. Countries usually impose restrictions on free foreign trade to ..... A) Protect Foreign Producers. B) Protect Foreign Consumers. C) Protect Domestic Producers. D) Protect Domestic Consumers. Show Answer Correct Answer: C) Protect Domestic Producers. 13. Markets can be segmented in only one way:by socio-cultural factors. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 14. Of the following, which is not a representative sector of the South African economy? A) Technology. B) Agriculture. C) Mining. D) Manufacturing. Show Answer Correct Answer: A) Technology. 15. Please indicate the most important regularity in UPPSALA model: A) EXPANSION STARTS FROM CLOSE MARKETS (MENTAL, CULTURAL DISTANCE). B) THE COMPANY STARTS EXPANSION WITH FDI. C) EXPANSION STARTS FROM DISTANT MARKETS. D) THE COMPANY STARTS EXPANSION WITH MARKET DIFFERENTIATION. Show Answer Correct Answer: A) EXPANSION STARTS FROM CLOSE MARKETS (MENTAL, CULTURAL DISTANCE). 16. What type of agreements does Canada have that facilitate foreign business? A) Military agreements. B) Environmental agreements. C) Free trade agreements. D) Cultural agreements. Show Answer Correct Answer: C) Free trade agreements. 17. Country's wealth was determined by the amount of its gold and silver holdings. A) Trade surplus. B) Mercantilism. C) Absolute advantage. D) Competitive advantage. Show Answer Correct Answer: B) Mercantilism. 18. What is the Intergovernmental Panel on Climate Change (IPCC)? A) A global collaboration of climate scientists that updated its alarming forecast in 2021. B) An organization that provides loans to countries in financial difficulties. C) A committee regulating international trade. D) A group monitoring peace treaties. Show Answer Correct Answer: A) A global collaboration of climate scientists that updated its alarming forecast in 2021. 19. What is the primary difference between market economies and command economies? A) Market economies are more efficient, while command economies are more equitable. B) Market economies rely on supply and demand, while command economies rely on government planning. C) Market economies prioritize individual freedom, while command economies prioritize social equality. D) Market economies have more government intervention, while command economies have less. Show Answer Correct Answer: B) Market economies rely on supply and demand, while command economies rely on government planning. 20. What is a key characteristic of international marketing? A) It is only concerned with digital marketing. B) It focuses solely on product development. C) It applies marketing principles globally. D) It is limited to financial services. Show Answer Correct Answer: C) It applies marketing principles globally. 21. The US exports the most products to this country: A) China. B) Japan. C) Canada. D) England. Show Answer Correct Answer: C) Canada. 22. What are the two main activities involved in international trade to obtain needed goods and services? A) Buying and Selling. B) Exporting and Importing. C) Bartering and Exchanging. D) Producing and Consuming. Show Answer Correct Answer: B) Exporting and Importing. 23. What are the risks associated with cross-border mergers? A) Access to new technologies. B) Cultural differences, regulatory challenges, political instability, currency fluctuations, integration issues. C) Increased market share. D) Enhanced brand recognition. Show Answer Correct Answer: B) Cultural differences, regulatory challenges, political instability, currency fluctuations, integration issues. 24. Which stage of going global includes establishing a production presence? A) Product specialization. B) Market entry. C) Value chain disaggregation. D) Creation of new markets. Show Answer Correct Answer: B) Market entry. 25. Which of these is a driver of globalization? A) Decreased technology adoption. B) Decline in international trade agreements. C) Advances in transportation and communication. D) Limited access to global capital. Show Answer Correct Answer: C) Advances in transportation and communication. ← 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