This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 41 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 41 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How does foreign exchange management affect international trade? A) Foreign exchange management stabilizes currency rates, reduces trade risks, and facilitates international transactions. B) It has no impact on trade relationships. C) It limits the number of international transactions. D) It increases currency volatility and trade uncertainty. Show Answer Correct Answer: A) Foreign exchange management stabilizes currency rates, reduces trade risks, and facilitates international transactions. 2. A multidomestic firm focuses on: A) Standardized products globally. B) Customizing products to local markets. C) Using one central global strategy. D) Minimizing local responsiveness. Show Answer Correct Answer: B) Customizing products to local markets. 3. Canada practice civil law and Germany practice common law. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 4. Most of the Asian countries, including China, Vietnam, Indonesia, and India are ..... for the U.S. A) Contract Manufacturers. B) Artisans. C) Helpers. D) Partners. Show Answer Correct Answer: A) Contract Manufacturers. 5. The book 'The wealth of the Nations' is written by A) David Richardo. B) Adam Smith. C) Michael Porter. D) Raymond Vernon. Show Answer Correct Answer: B) Adam Smith. 6. In a functional structure, the company is divided based on: A) Countries or regions. B) Products offered. C) Business functions like marketing, finance, HR. D) Customer segments. Show Answer Correct Answer: C) Business functions like marketing, finance, HR. 7. How does globalization impact the pricing strategy of businesses? A) It has no effect on pricing. B) It leads to standardized pricing worldwide. C) It results in fluctuating prices. D) It only affects local pricing. Show Answer Correct Answer: B) It leads to standardized pricing worldwide. 8. UNIT 1:ABOUT YOUSimple ExchangesA:Is Fox Construction in Chicago?B: ..... A) No, it isn't. It's in Chicago. B) No, it isn't. It's in Glasgow. C) Yes, It's in Glasgow. D) Yes, It's isn't in Chicago. Show Answer Correct Answer: B) No, it isn't. It's in Glasgow. 9. Which of the following is an example of business organisation that has entered into international business through Licencing system? A) Pepsi. B) Coco cola. C) McDonalds. D) Both a and b. Show Answer Correct Answer: D) Both a and b. 10. Which type of business activity involves bringing goods into a country? A) Exporting business. B) Importing business. C) Multinational enterprise. D) Associated business. Show Answer Correct Answer: B) Importing business. 11. How did Coca-Cola adapt its product line in Japan? A) By introducing only Western-style beverages. B) By including drinks that cater to Japanese tastes, such as green tea and coffee. C) By maintaining the same product line as in the US. D) By focusing solely on carbonated drinks. Show Answer Correct Answer: B) By including drinks that cater to Japanese tastes, such as green tea and coffee. 12. The ..... company produces, markets, invests and operates across the world. A) Global. B) International. C) Multinational. D) Transnational. Show Answer Correct Answer: D) Transnational. 13. A nation's money-can be in coins or banknotes. A) Currency. B) Embargo. C) Franchise. D) Trade barrier. Show Answer Correct Answer: A) Currency. 14. A command economy operates on the forces of supply and demand. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 15. Which one of the following is not amongst India's major trading partners? A) USA. B) UK. C) Germany. D) New Zealand. Show Answer Correct Answer: D) New Zealand. 16. Resource endournment was offered by A) Ohlin. B) Porter. C) Vernon. D) Ricardo. Show Answer Correct Answer: A) Ohlin. 17. How is foreign investment divided? A) Direct and indirect. B) Formal and informal. C) Globalization and Globalization. D) None of the above. Show Answer Correct Answer: A) Direct and indirect. 18. The simplest, low risk method of getting involved in international business is to form a joint venture with a company in another country. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 19. THIS MEANS A COUNTRY MUST PRODUCE AND EXPORT GOODS AND SERVICES FOR WHICH IT IS MORE RELATIVELY PRODUCTIVE AND IMPORT GOODS AND SERVICES TO WHICH OTHER COUNTRIES ARE MORE RELATIVELY PRODUCTIVE. A) THEORY OF ABSOLUTE ADVANTAGE. B) THEORY OF COMPARATIVE ADVANTAGE. C) All the above. D) None of the above. Show Answer Correct Answer: B) THEORY OF COMPARATIVE ADVANTAGE. 20. Political instability in a foreign country is an example of: A) Internal environment. B) External environment. C) Financial control. D) Domestic strategy. Show Answer Correct Answer: B) External environment. 21. Which country is listed as having the largest trade deficit with the U.S.? A) Japan. B) China. C) Mexico. D) Canada. Show Answer Correct Answer: B) China. 22. How has e-commerce impacted global market entry? A) It has limited the number of market entry options. B) It has reduced the need for international business. C) It allows market entry without a physical presence. D) None of the above. Show Answer Correct Answer: C) It allows market entry without a physical presence. 23. How can companies protect their intellectual property internationally? A) Register IP in each country, use international treaties, implement NDAs, and monitor infringements. B) Share IP freely with competitors. C) Rely solely on domestic laws. D) Ignore local laws and regulations. Show Answer Correct Answer: A) Register IP in each country, use international treaties, implement NDAs, and monitor infringements. 24. Limitations on amounts permitted to enter or dollar amount counted. A) Quell. B) Quota. C) Queue. D) None of the above. Show Answer Correct Answer: B) Quota. 25. Which of the following BEST describes a multinational firm? A) Strong central headquarters. B) Subsidiaries operate independently. C) Standardized global products. D) Minimal international presence. Show Answer Correct Answer: B) Subsidiaries operate independently. ← 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