This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 45 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 45 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Licensor-a person or organization who gives another person or organization official permission to make, do, or own something. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 2. IPR stands for ..... A) Intellectual property rights. B) International property rights. C) Internal promotion rights. D) Interior promotional rights. Show Answer Correct Answer: A) Intellectual property rights. 3. What it the "opportunity cost" ? A) The opportunity cost of an item is the current market price in dollars. B) The opportunity cost of an item is whatever you give up to get that item. C) The opportunity cost of an item is the cost of all resources that were necessary to produce it. D) The opportunity cost of an item is the difference between the current market price and production costs. Show Answer Correct Answer: B) The opportunity cost of an item is whatever you give up to get that item. 4. The attractiveness of a country as a potential market for an international business depends on balancing the benefits, costs, and risks associated with doing business in that country. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 5. The first recognizable metal coins appeared in ..... A) China. B) Mesopotamia. C) Greece. D) Rome. Show Answer Correct Answer: A) China. 6. Export means A) Buying goods from another country. B) Selling goods to another country. C) Only making one kind of product. D) None of the above. Show Answer Correct Answer: B) Selling goods to another country. 7. War and unlawful activity are two examples of ..... conditions that influence international business. A) Economic. B) Cultural and social. C) Political and legal. D) Geographic. Show Answer Correct Answer: C) Political and legal. 8. You finish a meeting and hear: "Let's touch base later." What usually happens? A) Immediate follow-up. B) Clear action. C) Nothing happens. D) Task is finished. Show Answer Correct Answer: C) Nothing happens. 9. International Company A) Increasing integration of the world economy. B) Is a company that conducts business across national borders. C) Is a company that conducts business in only one country, which is known as the home country. D) None of the above. Show Answer Correct Answer: B) Is a company that conducts business across national borders. 10. BIGGER COUNTRIES ARE MORE GLOBALIZED THAN SMALLER ONES A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 11. ..... enable(s) a manager to walk away from a decision that is profitable. A) Human resources. B) Economic self-sufficiency. C) Moral courage. D) Kantian Discipline. Show Answer Correct Answer: C) Moral courage. 12. The world tourism organization says that international tourism is:traveling and staying in places that are in your usual environment for no more than one consecutive year for leisure, business and other reasons. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 13. Inward FDI refers to money going out from a country to foreign subsidiaries. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 14. If a country has improving educational systems, increasing technology and expanding industries, that country is considered to be: A) Developing. B) Industrialized. C) Less-Developed. D) None of the above. Show Answer Correct Answer: A) Developing. 15. What was the aim of FERA (1973)? A) To support free trade. B) To regulate foreign exchange. C) To attract foreign investments. D) To create export incentives. Show Answer Correct Answer: B) To regulate foreign exchange. 16. What is the main purpose of the Gulf Cooperation Council (GCC)? A) Political and economic integration. B) Currency unification. C) Customs union. D) Military alliance. Show Answer Correct Answer: A) Political and economic integration. 17. Organizational culture change in multinational firms can be achieved quickly through formal policies alone A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 18. Which are the political factor motives of internationalization: A) FAVORABLE LEGAL REGULATIONS. B) POLITICAL INSTABILITY. C) PREFERENCES FOR DOMESTIC CORPORATIONS. D) Answers are correct. Show Answer Correct Answer: A) FAVORABLE LEGAL REGULATIONS. 19. ..... is market segmentation according to age, race, religion, gender, family size, ethnicity, income, and education. A) SWOT Analysis. B) Demographics. C) PEST Analysis. D) Social Classes. Show Answer Correct Answer: A) SWOT Analysis. 20. T or F:Franchising is selling the right to use a trademark or brand name for a fee or royalty A) Not applicable. B) Not mentioned. C) False. D) True. Show Answer Correct Answer: D) True. 21. What does "Outsourcing" mean? A) Internal production of goods. B) Outsourcing of non-essential activities or services. C) Distribution of products abroad. D) Retail sales online. Show Answer Correct Answer: B) Outsourcing of non-essential activities or services. 22. IBRD (International Bank for Reconstruction and Development) also known as A) Exim Bank. B) World Bank. C) International Monetary fund. D) International Bank. Show Answer Correct Answer: B) World Bank. 23. What is one advantage of Regional Trade Agreements (RTAS) listed in the provided information? A) Increased administrative burden for member countries. B) Trade diversion leading to overall economic inefficiencies. C) Boosting economic growth and creating jobs through increased trade. D) Dependency on multiple regional markets. Show Answer Correct Answer: C) Boosting economic growth and creating jobs through increased trade. 24. Which 'Mode of Entry' involves the highest degree of risk and control, often requiring a physical presence in the foreign country? A) Exporting. B) Licensing. C) Franchising. D) Foreign Direct Investment (FDI). Show Answer Correct Answer: D) Foreign Direct Investment (FDI). 25. EOUs can engage in ..... A) Manufacturing. B) Services. C) Development of software. D) All the above. Show Answer Correct Answer: D) All 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 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