This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 42 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 42 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A composite measure of a household's cumulative living standard. A) Demographics. B) Net Income. C) Wealth Index. D) Consumer Preferences. Show Answer Correct Answer: C) Wealth Index. 2. Which of the following documents is not required in connection with an import transaction? A) Bill of lading. B) Shipping bill. C) Certificate of origin. D) Shipment advice. Show Answer Correct Answer: D) Shipment advice. 3. Main differnce between innovation and invention A) The invention sells and aslo the innovation does. B) The innovation sells, the invention no. C) The invention is already famous and the innovation no. D) None of the above. Show Answer Correct Answer: B) The innovation sells, the invention no. 4. What is the main reason MNEs purchase from SMEs? A) SMEs can provide cheaper labor. B) SMEs often have specialized workforces, innovation, and technology. C) SMEs are easier to control. D) SMEs follow the same regulations globally. Show Answer Correct Answer: B) SMEs often have specialized workforces, innovation, and technology. 5. A strong Australian dollar means ..... A) Imports will be cheaper. B) Imports will be dearer. C) Exports will be cheaper. D) Exports will be dearer. Show Answer Correct Answer: A) Imports will be cheaper. 6. What factors should be considered when setting up shop on a foreign planet? A) The socio-cultural factors of the alien planet. B) The distance between Earth and the foreign planet. C) The alien planet's economy and laws. D) The availability of spaceships for transportation. Show Answer Correct Answer: C) The alien planet's economy and laws. 7. Who proposed the theory of comparative advantage? A) David Ricardo. B) Adam Smith. C) John Maynard Keynes. D) Milton Friedman. Show Answer Correct Answer: A) David Ricardo. 8. What are exports? A) Consist of bringing goods into the country. B) Consist of sending goods out of the country. C) None of the above. D) None of the above. Show Answer Correct Answer: B) Consist of sending goods out of the country. 9. Which of the following is NOT a method used to conduct primary international research? A) Secondary data analysis. B) Interviews. C) Surveys. D) Focus Groups. Show Answer Correct Answer: A) Secondary data analysis. 10. GDP is one of the measures used by the Human Development Index (HDI) to measure the quality of human life in different nations. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 11. What role does consumer behavior play in international marketing? A) Consumer behavior is crucial in shaping marketing strategies to align with local preferences and cultural nuances in international markets. B) Consumer behavior is irrelevant in international marketing. C) Consumer behavior only affects domestic marketing strategies. D) Consumer behavior is solely determined by economic factors. Show Answer Correct Answer: A) Consumer behavior is crucial in shaping marketing strategies to align with local preferences and cultural nuances in international markets. 12. The reason the United States became less competitive when Mexico join in NAFTA is: A) Fewer competitors. B) Face tariffs. C) Consumers disbelieve. D) Fired from Government. Show Answer Correct Answer: B) Face tariffs. 13. What distinguishes e-Business from e-Commerce? A) E-Business exclusively involves online retail. B) E-Business includes e-Commerce but also encompasses a wider range of digital business activities. C) E-Business is limited to digital marketing and customer relationship management. D) E-Business does not involve online transactions. Show Answer Correct Answer: B) E-Business includes e-Commerce but also encompasses a wider range of digital business activities. 14. What is the primary purpose of a patent? A) To protect the intellectual property of authors and artists. B) To grant exclusive rights to the inventor of a product or process. C) To regulate the sale of goods and services. D) To enforce contracts between businesses. Show Answer Correct Answer: B) To grant exclusive rights to the inventor of a product or process. 15. By foreign investment we mean inviting ..... in our country for industrial development. A) Foreign people. B) Foreign capital. C) Foreign Material. D) All of the above. Show Answer Correct Answer: B) Foreign capital. 16. Domestic businesses face fewer political risks compared to international businesses. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 17. Course of action, that does not violate these accepted principles. A) Business Ethics. B) Compliance Base Code. C) Ethical Strategy. D) Corruption. Show Answer Correct Answer: C) Ethical Strategy. 18. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Assistant Head of the Legal Firm' A) Name. B) Company. C) City. D) Position. Show Answer Correct Answer: D) Position. 19. ..... is defined as selling goods in a foreign market at below their costs of production or as selling goods in a foreign market at below their "fair market" value A) Dumping. B) Subsidies. C) Tariffs. D) Quotas. Show Answer Correct Answer: A) Dumping. 20. What is the #1 business type in the United States? A) Sole proprietorship. B) Corporation. C) Partnership. D) LLC. Show Answer Correct Answer: A) Sole proprietorship. 21. Foreign Direct Investment (FDI) means: A) Sending tourists abroad. B) Investing in domestic businesses only. C) Investing directly in foreign business operations. D) Purchasing imports. Show Answer Correct Answer: C) Investing directly in foreign business operations. 22. What is a primary effect of imposing a tariff on an imported product? A) It guarantees product quality standards. B) It raises the import's total cost. C) It increases domestic supply immediately. D) It lowers the import's market price. Show Answer Correct Answer: B) It raises the import's total cost. 23. What are the challenges faced by businesses in cross-border e-commerce? A) Simplified payment processing. B) Increased domestic sales. C) Regulatory compliance, currency exchange fluctuations, logistics issues, cultural differences, varying consumer preferences, and tax laws. D) Uniform global marketing strategies. Show Answer Correct Answer: C) Regulatory compliance, currency exchange fluctuations, logistics issues, cultural differences, varying consumer preferences, and tax laws. 24. What is the purpose of global trade agreements? A) To reduce trade barriers and promote economic cooperation between countries. B) To promote competition among domestic industries. C) To isolate economies from global markets. D) To increase tariffs on imports and exports. Show Answer Correct Answer: A) To reduce trade barriers and promote economic cooperation between countries. 25. Series of related tasks or methods that together turn inputs into outputs A) Process. B) Procedures. C) All the above. D) None of the above. Show Answer Correct Answer: A) Process. ← 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