This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 38 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 38 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What lesson can be learned from Vanguard's experience in China? A) Rapid market entry guarantees success. B) A long-term, relationship-based approach is critical in complex markets. C) Avoid partnerships at all costs. D) Western strategies can be applied universally. Show Answer Correct Answer: B) A long-term, relationship-based approach is critical in complex markets. 2. Which of the following is a key difference between domestic and international business? A) Type of products sold. B) Nationality of buyers and sellers. C) Size of the company. D) Method of advertising. Show Answer Correct Answer: B) Nationality of buyers and sellers. 3. The study and classification of people according to their attitudes, aspirations, and other psychological criteria, especially in market research. A) Consumer Behavior. B) Psychographics. C) Social & Cultural Factors. D) Demographics. Show Answer Correct Answer: B) Psychographics. 4. MNEs contribute to sustainable development by: A) Promoting local culture only. B) Creating jobs, technology transfer, and eco-friendly practices. C) Reducing foreign investment. D) Limiting social responsibility. Show Answer Correct Answer: B) Creating jobs, technology transfer, and eco-friendly practices. 5. Setting a limit on the quantity of a product that may be imported or exported within a given period to regulate international trade is called? A) Tariff. B) Embargo. C) Quota. D) Deal. Show Answer Correct Answer: C) Quota. 6. A tax on imported products A) Quota. B) Trade Embargo. C) Common Market. D) Duty. Show Answer Correct Answer: D) Duty. 7. The term ..... relates to patent, trademarks, copyrights and trade secrets. A) Priority right. B) Intellectual property right. C) Tariff & Trade Act. D) Madrid agreement. Show Answer Correct Answer: B) Intellectual property right. 8. What are the international business activities mentioned in the text? A) Other forms of IB activity. B) Exporting and Importing. C) International Investment. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Tariffs are used to protect "Infant Industries" A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. Why is it important to meet the needs of customers in the exporting process? A) To avoid sales. B) To ensure successful transactions. C) To ignore customer feedback. D) To delay the process. Show Answer Correct Answer: B) To ensure successful transactions. 11. Your overseas partner says: "We will get back to you shortly." What is the risk? A) They forgot. B) "Shortly" means different things. C) They are rejecting. D) They are upset. Show Answer Correct Answer: B) "Shortly" means different things. 12. What is the purpose of conducting primary international research? A) To measure market potential. B) To analyze competitors. C) To assist managers in making informed decisions. D) To collect secondary data. Show Answer Correct Answer: C) To assist managers in making informed decisions. 13. A shipping company in Singapore sends goods to Los Angeles with terms stating the seller pays for transportation to the port and loading onto the ship, after which the buyer assumes responsibility. These terms are most likely ..... ? A) CIF (Cost, Insurance, Freight). B) FOB (Free on Board). C) EXW (Ex Works). D) DDP (Delivered Duty Paid). Show Answer Correct Answer: B) FOB (Free on Board). 14. What is the part of silent language international business companies must concern for designing product? A) Color. B) Sign. C) Body distance. D) Punctuality. Show Answer Correct Answer: D) Punctuality. 15. What is the role of cross-cultural context in international advertising? A) To adapt product design. B) To tailor advertising strategies to different cultural norms. C) To standardize pricing. D) To design distribution channels. Show Answer Correct Answer: B) To tailor advertising strategies to different cultural norms. 16. In a the business operates as a legal entity separate from any owners. A) Sole proprietorship. B) Corporation. C) Partnership. D) LLC. Show Answer Correct Answer: B) Corporation. 17. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Saffer Security Insurance' A) Name. B) Company. C) City. D) Position. Show Answer Correct Answer: B) Company. 18. What does the term business-to-business franchise refer to? A) Negotiate the provision of services or products to other companies and will not be in direct contact with consumers. B) It is normally managed from the regional central offices and will involve the development, management of the network and the coordination of a group of operations for the service or product. C) All the above. D) None of the above. Show Answer Correct Answer: A) Negotiate the provision of services or products to other companies and will not be in direct contact with consumers. 19. The relationship between the value of a country's exports and the value of its imports. A) Trade Deficit. B) Trade Surplus. C) Balance of Trade. D) Balance of Payments. Show Answer Correct Answer: C) Balance of Trade. 20. Under which scheme an exporter is allowed duty free supply of imported inputs for the manufacture of export goods? A) Duty drawback scheme. B) Advance licence scheme. C) Export Manufacturing under bond scheme. D) EPCG. Show Answer Correct Answer: B) Advance licence scheme. 21. What is Foreign Direct Investment (FDI)? A) Investing in foreign markets by establishing operations or acquiring businesses. B) Donating money to international charities. C) Supporting domestic market expansion. D) None of the above. Show Answer Correct Answer: A) Investing in foreign markets by establishing operations or acquiring businesses. 22. Who typically has control over foreign trade in a country? A) Government. B) Producers. C) Middlemen. D) Buyers. Show Answer Correct Answer: A) Government. 23. Value creation activities can be categorize as A) Primary activities and Support activities. B) Marketing and Sales. C) Research and Development. D) Primary activities and Information systems. E) Human resources and Customer service. Show Answer Correct Answer: A) Primary activities and Support activities. 24. In a geographic-based global structure, the company is organized around: A) Functions. B) Countries or regions. C) Products. D) Customers. Show Answer Correct Answer: B) Countries or regions. 25. Organizational architecture refers solely to an organization's formal structure and excludes its control systems and processes. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. ← 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