This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 4 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. According to supporters of globalization, what happens to environmental and labor standards as countries become richer from free trade? A) Environmental and labor standards remain unchanged. B) Countries are less likely to implement tougher environmental and labor regulations. C) Tougher environmental and labor standards are implemented. D) Firms move production to avoid stricter regulations. Show Answer Correct Answer: C) Tougher environmental and labor standards are implemented. 2. Theory of Comparative advantage was developed by A) David Ricardo. B) Adam Smith. C) Michael Porter. D) Mr Preston. Show Answer Correct Answer: A) David Ricardo. 3. The IMF's primary role is to: A) Fund infrastructure projects in developing nations. B) Monitor global economic stability and provide financial assistance for balance of payments problems. C) Negotiate trade agreements. D) Promote cultural exchange. Show Answer Correct Answer: B) Monitor global economic stability and provide financial assistance for balance of payments problems. 4. What is one benefit of the International Business Environment? A) Wealth growth and price stability. B) Decreased employment opportunities. C) Increased isolation of countries. D) Reduction in global trade. Show Answer Correct Answer: A) Wealth growth and price stability. 5. The principle that a country benefits from specializing in the production at which it is relatively most efficient thus has the comparative advantage. This is true because of lower opportunity costs A) Law of Comparative Advantage. B) Globalization. C) Law of Incresing Costs. D) Exports. Show Answer Correct Answer: A) Law of Comparative Advantage. 6. Occurs when you listen to a person to understand their meaning or message. It can take place in person or over the phone. A) Written Communication. B) Email Proposal. C) Verbal Communication. D) Non-Verbal Communication. Show Answer Correct Answer: C) Verbal Communication. 7. Which of the following is a contractual expansion mode? A) FDI-based modes. B) Direct & indirect exporting. C) Market-seeking. D) Capability-enhancing. Show Answer Correct Answer: B) Direct & indirect exporting. 8. Which of the following is NOT a goal of international trade policies procedures and agreements? A) Protecting domestic industries. B) Promoting exports. C) Regulating the exchange of goods and services between countries compared to inland trade?. D) Encouraging unfair competition. Show Answer Correct Answer: C) Regulating the exchange of goods and services between countries compared to inland trade?. 9. A raw material or primary agricultural product that can be bought and sold, such as copper or coffee. A) Import. B) Export. C) Commodities. D) Resources. Show Answer Correct Answer: C) Commodities. 10. What is the main focus of the Blue Ocean Strategy (BOS)? A) Avoiding direct confrontation with incumbents. B) Maximizing dissemination risk. C) Increasing governmental restrictions. D) Building a fragmented market share. Show Answer Correct Answer: A) Avoiding direct confrontation with incumbents. 11. Pre-shipment finance is provided to small scale manufacturers? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 12. Which industry stage is characterized by increasing sales over time before reaching maturity? A) Introduction. B) Growth. C) Maturity. D) Decline. Show Answer Correct Answer: B) Growth. 13. Something of value that can be useful (natural, human, capital.) A) Culture. B) Resource. C) Quota. D) Export. Show Answer Correct Answer: B) Resource. 14. In which country can you order braised brussels sprouts with your Nandos? A) France. B) Egypt. C) USA. D) Norway. Show Answer Correct Answer: C) USA. 15. What is one assumption that needs to be questioned when doing business internationally? A) Assuming you can use social media to advertise. B) Assuming you will not be asked for bribes. C) Assuming you can choose the location of your business. D) Assuming people will be able to pay with cash or credit cards. Show Answer Correct Answer: B) Assuming you will not be asked for bribes. 16. Which of the following is a key difference between domestic business and international business? A) Domestic business requires no currency exchange; international business does. B) Domestic business only involves local customers; international business involves foreign customers. C) Domestic business does not face political or economic risks; international business does. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Name one international trade agreement. A) WTO (World Trade Organization). B) NAFTA (North American Free Trade Agreement). C) EU (European Union). D) ASEAN (Association of Southeast Asian Nations). Show Answer Correct Answer: A) WTO (World Trade Organization). 18. Which political ideology allows for multiple beliefs and backgrounds to coexist? A) Totalitarianism. B) Democracy. C) Pluralism. D) Authoritarianism. Show Answer Correct Answer: C) Pluralism. 19. On what date did the United Kingdom officially leave the European Union? A) January 1, 2019. B) June 23, 2016. C) December 31, 2020. D) January 31, 2020. Show Answer Correct Answer: D) January 31, 2020. 20. Apa yang menjadi hambatan utama dalam regional economic integration? A) Perbedaan agama. B) Perbedaan bahasa. C) Perbedaan budaya. D) Perbedaan kebijakan ekonomi. E) Semua jawaban benar. Show Answer Correct Answer: D) Perbedaan kebijakan ekonomi. 21. A strategy that focuses on increasing the attractiveness of a product is referred to as a(n): A) Differentiation strategy. B) Low cost strategy. C) Effectiveness strategy. D) Efficiency strategy. Show Answer Correct Answer: A) Differentiation strategy. 22. What is global integration in the context of multinational corporations? A) The extent to which a company standardizes its products and processes across all markets. B) The extent to which a company adapts its products and processes to fit local customer preferences. C) A strategy that focuses on local adaptation while maintaining some global standards. D) A method of balancing global efficiency and local adaptation. Show Answer Correct Answer: A) The extent to which a company standardizes its products and processes across all markets. 23. Critics of globalization argue that falling barriers to trade enhance job security in manufacturing sectors of advanced countries. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 24. According to this theory, the holdings of a country's treasure primarily in the form of gold constituted its wealth. A) Gold Theory. B) Ricardo Theory. C) Mercantilism. D) Hecksher Theory. Show Answer Correct Answer: C) Mercantilism. 25. What does the competitive environment in international business depend on? A) Cultural factors. B) Political systems. C) Economic conditions. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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 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 10Class 11 Business Studies Chapter 10 International Business Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books