This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 40 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 40 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. It answers the part of what you need to do in the business part A) Process. B) Procedures. C) All the above. D) None of the above. Show Answer Correct Answer: A) Process. 2. International business does not result in the following A) Innovation is encouraged. B) International cooperation is encouraged. C) Imports are rendered cheap. D) Consumption is minimized. Show Answer Correct Answer: D) Consumption is minimized. 3. What do technological factors have a major bearing on? A) None of the above. B) The success of their strategy. C) Threats and opportunities firms encounter. D) Both A and B. Show Answer Correct Answer: C) Threats and opportunities firms encounter. 4. What is a class system? A) Dividing members into levels. B) A type of family structure. C) A form of government. D) None of the above. Show Answer Correct Answer: A) Dividing members into levels. 5. An ..... is a Customs area where one is allowed to import plant, machinery, equipment and material for the manufacture of export goods under security, without payment of duty. A) Export processing zone. B) Import processing zone. C) Technology park. D) None of the above. Show Answer Correct Answer: A) Export processing zone. 6. Countries should specialize in the production of goods for which they have an absolute advantage and then trade these goods for those produced by other countries. A) Absolute Advantage. B) Comparative Advantage. C) All the above. D) None of the above. Show Answer Correct Answer: A) Absolute Advantage. 7. Which of the following is a decision in global market strategy? A) Adapt or Standardize. B) Globalize or Standardize. C) Expand or Contract. D) Innovate or Imitate. Show Answer Correct Answer: A) Adapt or Standardize. 8. What are taxes a country places on products as they cross its borders? A) Laws. B) Tariffs. C) Quotas. D) None of the above. Show Answer Correct Answer: B) Tariffs. 9. Safe work environments motivate ..... ; challenges motivate ..... A) Individualists; collectivists. B) Collectivists; individualists. C) Non-fatalists; fatalists. D) Materialists; non-materialists. Show Answer Correct Answer: B) Collectivists; individualists. 10. Which element is not considered in Michael Porter's Diamond Model to determine national competitiveness? A) Factor Condition. B) Demand condition. C) Firm Rivalry. D) Gross National Income. Show Answer Correct Answer: D) Gross National Income. 11. What is one reason countries block trade? A) To lower prices for consumers. B) To increase competition. C) To promote free trade. D) To protect domestic industries. Show Answer Correct Answer: D) To protect domestic industries. 12. Which of the following is NOT a major purpose of supply chain management? A) Improving Efficiency. B) Enhancing Customer Service. C) Increasing Marketing Budget. D) Managing Risks. Show Answer Correct Answer: C) Increasing Marketing Budget. 13. The main weakness of a geographic region structure is: A) Limited responsiveness to local needs. B) Too much centralization. C) Duplication of activities across regions. D) Lack of employee specialization. Show Answer Correct Answer: C) Duplication of activities across regions. 14. Emerging markets include countries such as the United States and Britain that are leading the globalization charge A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 15. Aliansi strategis dalam arsitektur organisasi bisnis internasional melibatkan: A) Kerjasama dengan pihak berwenang lokal. B) Pembagian risiko dan kerjasama dengan perusahaan lain. C) Penerapan struktur organisasi yang sentral di seluruh anak perusahaan. D) Kemitraan dengan lembaga pemerintah di pasar global. Show Answer Correct Answer: B) Pembagian risiko dan kerjasama dengan perusahaan lain. 16. Quality issues A) Benefits. B) Limitations. C) All the above. D) None of the above. Show Answer Correct Answer: B) Limitations. 17. How does cross-cultural communication impact international business? A) Cross-cultural communication has no impact on international business. B) Cross-cultural communication only impacts communication within a single culture. C) Cross-cultural communication only impacts local businesses. D) Cross-cultural communication impacts international business by influencing how people from different cultures interact and understand each other. Show Answer Correct Answer: D) Cross-cultural communication impacts international business by influencing how people from different cultures interact and understand each other. 18. The international organization that settles trade disagreements and enforces free-trade agreements is the A) WTO. B) IMF. C) United Nations. D) World Bank. Show Answer Correct Answer: A) WTO. 19. Which of the following ideas is closely linked to the theory of absolute advantage? A) All international trade must be closely regulated by governments. B) Free market forces should determine how much to trade with minimal government intervention. C) Governments should actively protect domestic industries from imports and vigorously promote exports. D) Nations should specialize in economic activities in which they have comparative advantage. Show Answer Correct Answer: B) Free market forces should determine how much to trade with minimal government intervention. 20. Headquarters in Jakarta was established on August 1967 by five founding members:Indonesia, Malaysia, Singapore, Thailand and the Philippines. As of 2021 the additional members are Brunei, Burma (Myanmar), Cambodia, and Vietnam. A) EU. B) NAFTA. C) APEC. D) ASEAN. Show Answer Correct Answer: D) ASEAN. 21. International trade forces domestic firms to become more competitive in terms of A) The introduction of new products. B) Product design and quality. C) Product price. D) All of the above. Show Answer Correct Answer: D) All of the above. 22. Buying goods and services from another country is considered? A) Exporting. B) Importing. C) All the above. D) None of the above. Show Answer Correct Answer: B) Importing. 23. Pressures of cost reduction and pressures of local responsiveness place conflicting demands on a firm. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 24. The process of converting currency of one country into the currency of another country. A) Money. B) Foreign Exchange. C) Exchange Rate. D) Floating Exchange Rates. Show Answer Correct Answer: B) Foreign Exchange. 25. The ability to produce a product most efficiently given all the other products that could be produced. A) Absolute Advantage. B) Comparative Advantage. C) Positive Advantage. D) Negative Advantage. Show Answer Correct Answer: B) Comparative Advantage. ← 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