This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 48 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 48 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A country that wishes to enhance international trade activities would be most likely use: A) A tariff. B) A common market. C) An embargo. D) A quota. Show Answer Correct Answer: B) A common market. 2. Which is correct?big $\rightarrow$ biggerfun $\rightarrow$ ..... A) Funner. B) Funnier. C) More fun. D) More funner. Show Answer Correct Answer: C) More fun. 3. When divergent cultures come in contact, ..... occurs. A) Power distance. B) Culture shock. C) Culture collision. D) Group membership. Show Answer Correct Answer: C) Culture collision. 4. What is the main difference between Domestic Business and International Business in terms of currency? A) Domestic business deals with different currencies, International business deals with the same currency. B) Domestic business deals with the same currency, International business deals with different currencies. C) Both deal with different currencies. D) Both deal with the same currency. Show Answer Correct Answer: B) Domestic business deals with the same currency, International business deals with different currencies. 5. Why might replication of existing capabilities be harder in the case of an acquisition? A) Because acquisitions often involve mature industries. B) Because acquisitions may face governmental restrictions. C) Because existing capabilities may not transfer easily. D) Because acquisitions always increase industry supply. Show Answer Correct Answer: C) Because existing capabilities may not transfer easily. 6. What is a key challenge for firms entering international markets? A) Stable tax policies. B) Familiarity with local culture. C) Uncontrollable external forces. D) Access to local resources. Show Answer Correct Answer: C) Uncontrollable external forces. 7. What is Microeconomics and Macroeconomics about? A) Microeconomics is the study of small companies and Macroeconomics is the study of large companies. B) Microeconomics is the study of small economic units and Macroeconomics looks at the way nations allocate resources. C) Microeconomics focuses on individuals and Macroeconomics focuses at companies. D) Microeconomics deals with small transactions and Macroeconomics is the study of large transaction processes. Show Answer Correct Answer: B) Microeconomics is the study of small economic units and Macroeconomics looks at the way nations allocate resources. 8. International product life cycle views a product as going through a full life cycle from the ..... stage to ..... A) Export-import. B) Internationalization-standardization. C) Innovation-import. D) Import-export. Show Answer Correct Answer: B) Internationalization-standardization. 9. What is the General Agreement on Tariffs and Trade (GATT)? A) A partnership formed to create competitive advantage. B) An international organization of nations dedicated to reducing tariffs. C) A firm that operates on a worldwide scale. D) An independent agency of the U.S. government. Show Answer Correct Answer: B) An international organization of nations dedicated to reducing tariffs. 10. A manager who has polycentric beliefs will: A) Perceive the home country as superior. B) Create division and staff on a regional basis. C) Develop a standardized marketing mix. D) Establish subsidiaries in overseas markets. Show Answer Correct Answer: D) Establish subsidiaries in overseas markets. 11. Which of the following is not imported into the US in large quantities? A) Rice. B) Tea. C) Wheat. D) Coffee. Show Answer Correct Answer: C) Wheat. 12. An approach in which whole world is a market place is known as: A) Polycentric approach. B) Geocentric approach. C) Reginocentric approach. D) Ethnocentric approach. Show Answer Correct Answer: B) Geocentric approach. 13. Which market type is characterised by high-income levels and advanced infrastructure? A) Developed economies. B) Emerging markets. C) Less developed economies. D) None of the above. Show Answer Correct Answer: A) Developed economies. 14. Pros or the benefits of regional integration which is not included A) Creating a larger pool of consumers . B) Encouraging economies of scale in production . C) Losing sovereignty, national independence and identity. D) Freeing the flow of capital, labor and technology . Show Answer Correct Answer: C) Losing sovereignty, national independence and identity. 15. What positive role do foreign companies play in job creation through FDI? A) They reduce the number of jobs. B) They create jobs directly and indirectly. C) They eliminate existing jobs. D) They focus only on indirect job creation. Show Answer Correct Answer: B) They create jobs directly and indirectly. 16. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'I like ..... (my job) very much. A) Her. B) Him. C) It. D) You. Show Answer Correct Answer: C) It. 17. When an exchange rate of a currency depreciates, the following will be likely to happen: A) Import prices will fall and export prices will rise. B) Export sales will fall and import purchases will increase. C) Export prices will fall and import prices will rise. D) Prices of all products will not change. Show Answer Correct Answer: C) Export prices will fall and import prices will rise. 18. What is the hidden culture? A) Eaten manners of different countries. B) Religious practices different religions. C) Spoken languages of different countries. D) Business etiquettes of different cultures. Show Answer Correct Answer: A) Eaten manners of different countries. 19. What is an example of a joint venture? A) A UAE company selling oil to Europe. B) Two companies from different countries starting a new business together. C) A UAE-based supermarket buying goods from India. D) A company using another's trademark for a fee. Show Answer Correct Answer: B) Two companies from different countries starting a new business together. 20. In a product-based structure, each product line operates almost like its own company. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. Religion has no influence on international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 22. How can understanding Hofstede's Cultural Dimensions help in global marketing? A) By identifying technological trends. B) By adapting marketing strategies to cultural preferences. C) By focusing only on legal compliance. D) By reducing production costs. Show Answer Correct Answer: B) By adapting marketing strategies to cultural preferences. 23. What characterizes a command economy? A) Central planning. B) Consumer choices. C) Private ownership. D) None of the above. Show Answer Correct Answer: A) Central planning. 24. Which of the following is NOT a benefit of Corporate Social Responsibility (CSR)? A) Enhanced Reputation. B) Customer Loyalty. C) Increased Legal Liabilities. D) Talent Attraction. Show Answer Correct Answer: C) Increased Legal Liabilities. 25. Which is not the difference between Merger and Acquisition? A) Merger:It is the mutual decision.Acquisition:It can be friendly takeover or hostile takeover. B) Merger:Less expensive.Acquisition:More expensive (higher legal cost). C) Merger:It is time-consuming and the company has to maintain so much legal issues.Acquisition:It is faster and easier transaction. D) Merger:Merging of two companies into one.Acquisition:Buying one company by another. Show Answer Correct Answer: B) Merger:Less expensive.Acquisition:More expensive (higher legal cost). ← 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