This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 43 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 43 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which company is often considered a transnational firm? A) Unilever. B) Starbucks. C) KFC. D) Dell. Show Answer Correct Answer: A) Unilever. 2. An import is a A) Good/service brought into a country. B) Good/service sent to another country. C) Good brought into a country. D) None of the above. Show Answer Correct Answer: A) Good/service brought into a country. 3. Who are the key players in International Business A) Multinational Enterprises. B) Domestic Company. C) Government Company. D) Ed Sheeran. Show Answer Correct Answer: A) Multinational Enterprises. 4. 3 characteristics the innovation needs to have A) Be appealing, viable, achievable. B) Be desirable, possible, executable. C) Be desirable, viable, feasible. D) None of the above. Show Answer Correct Answer: C) Be desirable, viable, feasible. 5. Making, buying and selling goods and services within a country A) Domestic Business. B) International Business. C) Foreign Trade. D) World Trade. Show Answer Correct Answer: A) Domestic Business. 6. What regulation does USMCA have regarding the auto industry? A) No specific regulations. B) Prohibit imports of cars from Europe. C) Increase the percentage of domestic content. D) Reduce tariffs on imported parts. Show Answer Correct Answer: C) Increase the percentage of domestic content. 7. A ..... orientation implies an openness to, and awareness of, diversity across cultures A) Ethnocentric. B) Regiocentric. C) Polycentric. D) Geocentric. Show Answer Correct Answer: D) Geocentric. 8. It is a social, cultural and economic phenomenon that involves the displacement of people to countries or places outside their usual environment for personal, professional or business reasons. A) Tourism. B) Immigration. C) Migration. D) None of the above. Show Answer Correct Answer: A) Tourism. 9. One of the key internal drivers for international business is technology. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 10. What are not forces that affect strategic choices of international business? A) Demographic. B) Local responsiveness. C) Cost reduction. D) None of the above. Show Answer Correct Answer: A) Demographic. 11. It is an investment whose purpose is to create a lasting interest and for long-term economic or business purposes by a foreign investor in the host country. A) Foreign investment. B) Globalization. C) All the above. D) None of the above. Show Answer Correct Answer: A) Foreign investment. 12. TO TAKE ADVANTAGE OF IMPORT PROMOTION DRIVE IS AN ..... REASON ON INTERNATIONAL MARKETING. A) INTERNAL. B) EXTERNAL. C) All the above. D) None of the above. Show Answer Correct Answer: B) EXTERNAL. 13. An official ban on trade or other commercial activity with a particular country. A) Tariff. B) Export. C) Import. D) Embargo. Show Answer Correct Answer: D) Embargo. 14. Which of the following is a primary reason that firms acquire resources and supplies from other countries? A) Comply with trade regulations. B) Minimize resource competition. C) Decrease shipping and handling costs. D) Obtain items unavailable in home country. Show Answer Correct Answer: D) Obtain items unavailable in home country. 15. The speaker states that Uruguay has the most structured approach among the listed countries. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 16. Which mode involves a company investing directly in facilities or businesses in another country? A) Importing. B) Foreign Direct Investment (FDI). C) Licensing. D) Outsourcing. Show Answer Correct Answer: B) Foreign Direct Investment (FDI). 17. What are the ethical considerations in international business? A) Ignoring local laws and regulations. B) Exploiting natural resources without limits. C) Cultural respect, fair labor, anti-corruption, environmental standards, transparency. D) Maximizing profits at any cost. Show Answer Correct Answer: C) Cultural respect, fair labor, anti-corruption, environmental standards, transparency. 18. Why do nations engage in international trade? A) To increase their military power. B) To acquire raw materials and goods at favorable prices. C) To establish political alliances. D) To reduce their production capabilities. Show Answer Correct Answer: B) To acquire raw materials and goods at favorable prices. 19. Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as A) Licensing. B) Franchising. C) Contract manufacturing. D) Joint venture. Show Answer Correct Answer: C) Contract manufacturing. 20. Who coined the term Globalization? A) Sir Theodore the 3rd. B) Theodore Abraham. C) Dwight Shrute. D) Theodore Levitt. E) Kanye West. Show Answer Correct Answer: D) Theodore Levitt. 21. The selling of government-owned economic resources to private operators is called A) Nationalization. B) Privatization. C) Socialization. D) Centralization. Show Answer Correct Answer: B) Privatization. 22. Which one is not considered as international business? A) Cross-border construction management. B) Consulting in another country. C) Tourism. D) Financial service outside the country. Show Answer Correct Answer: C) Tourism. 23. What is the purpose of value-chain analysis? A) To identify core competencies. B) To formulate strategies. C) To analyze business environments. D) To divide activities and create value. Show Answer Correct Answer: D) To divide activities and create value. 24. Before becoming an international company it starts from ..... A) Global market. B) Domestic market. C) Both a & b. D) None of them. Show Answer Correct Answer: B) Domestic market. 25. What is one advantage of being a first-mover in market expansion? A) Opportunity to free-ride on first-mover investments. B) Proprietary, technological leadership. C) Resolution of technological uncertainty. D) Difficulty in adapting to market changes. Show Answer Correct Answer: B) Proprietary, technological leadership. ← 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