This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 39 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 39 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What are the costs of globalization? A) Threats to national sovereignty. B) Economic growth and environmental stress. C) All of these. D) Growing income inequality and personal stress. Show Answer Correct Answer: C) All of these. 2. Which of the following is an example of FDI (Foreign Direct Investment)? A) A UAE company imports luxury cars. B) An Indian company sets up a factory in Dubai. C) A UAE company uses an American company's technology for a fee. D) A UAE-based restaurant chain sells food online. Show Answer Correct Answer: B) An Indian company sets up a factory in Dubai. 3. SMEs stands for: A) Small and Medium Entrepreneurs. B) Small and Medium-sized Enterprises. C) Small Management of Enterprises. D) Societies for Managing Exports. Show Answer Correct Answer: B) Small and Medium-sized Enterprises. 4. If the United States placed a trade embargo on a foreign country A) Quotas would be placed on all goods entering the US. B) No products could be traded between the US and the foreign country. C) All businesses owned by the foreign government in the US would be privatized. D) The US would have granted most favored nation status to this foreign country. Show Answer Correct Answer: B) No products could be traded between the US and the foreign country. 5. A firm wants maximum control over operations and to protect its technological expertise while doing business abroad. Which method fits best? A) Agency-based market entry. B) Foreign distributorship agreement. C) Wholly owned subsidiary structure. D) Export-only sales approach. Show Answer Correct Answer: C) Wholly owned subsidiary structure. 6. Which of the following is a characteristic of a democratic political system? A) Freedom of speech. B) Suppression of civil liberties. C) Government control of media. D) One-party rule. Show Answer Correct Answer: A) Freedom of speech. 7. Choosing the right production location can lead to lower labor and operational costs, optimizing production expenses and enhancing competitiveness. This is referred to as ..... A) Cost Efficiency. B) Market Penetration. C) Product Diversification. D) Brand Loyalty. Show Answer Correct Answer: A) Cost Efficiency. 8. Outsourcing a part of or entire production & concentrating or marketing operations in international business is known as: A) Licensing. B) Franchising. C) Contract of manufacturing. D) Joint Venture. Show Answer Correct Answer: C) Contract of manufacturing. 9. WTO replaced which international trade agreement? A) IMF. B) GATT. C) FEMA. D) UNCTAD. Show Answer Correct Answer: B) GATT. 10. Registering to the SAT in Mexico is a requirement to open a business at this government level: A) Federal. B) State. C) Municipality. D) International. Show Answer Correct Answer: A) Federal. 11. SensitiveQuick to detect or respond to slight changes. A) Sensible. B) Indifferent. C) Apathetic. D) Unresponsive. Show Answer Correct Answer: A) Sensible. 12. What is outsourcing? A) The process of finding outside vendors and suppliers that provide professional help, parts, or materials at a lower cost. B) A contractual agreement in which one firm permits another to produce and market its product. C) An arrangement in which one firm contracts with another business to manufacture products. D) International trade by exchange of goods rather than by currency purchase. Show Answer Correct Answer: A) The process of finding outside vendors and suppliers that provide professional help, parts, or materials at a lower cost. 13. Currency exchange is important in international business because: A) It makes products cheaper. B) It simplifies domestic sales. C) Businesses deal with multiple currencies. D) It removes the need for trade. Show Answer Correct Answer: C) Businesses deal with multiple currencies. 14. It is one of the products that Mexico exports the most to its commercial allies. A) Automobiles and accessories. B) Palm oil. C) Pharmaceuticals. D) Pork meat. Show Answer Correct Answer: A) Automobiles and accessories. 15. Business is ..... A) Any activity involvingbusiness operations across national borders. B) Any activity that seeks to provide goods and services to others while operating at a profit. C) Increasing integration of the world economy. D) None of the above. Show Answer Correct Answer: B) Any activity that seeks to provide goods and services to others while operating at a profit. 16. When a country is specialised in particular good and then trade with other countries is called ..... A) Dependence. B) Correlation. C) Interdependence. D) Agreement. Show Answer Correct Answer: C) Interdependence. 17. UNIT 1:ABOUT YOUTELEPHONE NUMBERSSeven double three oh four six two one double seven. A) 7330462117. B) 7330462777. C) 7330462177. D) 7300462177. Show Answer Correct Answer: C) 7330462177. 18. In indirect exporting, intermediaries can be based in which locations? A) The firm's home country or the host country. B) Only the host country. C) Only the firm's home country. D) Any country except the home country. Show Answer Correct Answer: A) The firm's home country or the host country. 19. What does Devil's Advocate mean? A) Someone who always disagrees. B) Someone who always agrees. C) Someone who may agree or disagree. D) Someone who does not agree or disagree. Show Answer Correct Answer: A) Someone who always disagrees. 20. Political systems that emphasize ..... tend towards totalitarianism, while ..... tend to be democratic. A) Individualism; collectivism. B) Collectivism; individualism. C) Individualism; socialism. D) Theocracy; capitalism. Show Answer Correct Answer: B) Collectivism; individualism. 21. In the theory of comparative advantage, is exchange rate considered to evaluate which country has comparative advantage? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: B) No. 22. Which of the following is an economic benefit of Multi-National Enterprises (MNEs) in host countries? A) Increased environmental concerns. B) Creation of job opportunities and stimulation of economic growth. C) Power imbalance. D) Regulatory compliance issues. Show Answer Correct Answer: B) Creation of job opportunities and stimulation of economic growth. 23. How is quality defined in the contemporary business environment? A) Solely in terms of the attractiveness of a product. B) By achieving zero defects and designing products for quality. C) Ignoring customer feedback and focusing on production speed. D) Prioritizing quantity over quality. Show Answer Correct Answer: B) By achieving zero defects and designing products for quality. 24. Name of the difference of price where the spot price is bigger than the forward price A) Premium. B) Backwardation. C) Discount. D) None of the above. Show Answer Correct Answer: C) Discount. 25. What is the impact of trade blocks on member countries? A) Trade blocks reduce economic cooperation among member countries. B) Trade blocks generally enhance economic growth and cooperation among member countries but can also lead to trade diversion. C) Trade blocks only benefit non-member countries. D) Trade blocks have no impact on member countries' economies. Show Answer Correct Answer: B) Trade blocks generally enhance economic growth and cooperation among member countries but can also lead to trade diversion. ← 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