This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 51 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 51 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. To increase wealth, government policies should promote imports and discourage exports A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 2. An exchange of goods or services with people and businesses in your own country. A) Bilateral agreement. B) Resource. C) Domestic trade. D) International trade. Show Answer Correct Answer: C) Domestic trade. 3. What is the focus of knowledge management in an organization? A) Increasing physical assets. B) Managing the organization's financial investments. C) Finding, unlocking, sharing, and capitalizing on expertise, skills, wisdom, and relationships. D) Supervising production and manufacturing processes. Show Answer Correct Answer: C) Finding, unlocking, sharing, and capitalizing on expertise, skills, wisdom, and relationships. 4. What does trade liberalization potentially deprive developing country governments of? A) Foreign aid. B) Tariff revenue. C) Natural resources. D) Labor force. Show Answer Correct Answer: B) Tariff revenue. 5. Which of the following is a theory that can be used to justify limited government intervention to support the development of certain export-oriented industries? A) Comparative advantage theory. B) Ricardo's theory. C) New trade theory. D) Heckscher-Ohlin theory. Show Answer Correct Answer: C) New trade theory. 6. Which of the following is NOT a form of International Business Environment? A) Franchising. B) Licensing. C) Local partnerships. D) Foreign Direct Investment (FDI). Show Answer Correct Answer: C) Local partnerships. 7. It involves selling locally made products in foreign countries, A) Importing. B) Barter. C) Exporting. D) None of the above. Show Answer Correct Answer: C) Exporting. 8. Which international corporate form organizes its operations based on the type of product or service it offers, irrespective of the geographical location? A) Global corporate form-Geographic regions. B) Global corporate form-Function. C) Global corporate form-Product. D) Matrix organizations. Show Answer Correct Answer: C) Global corporate form-Product. 9. Why are so many auto factories moving back to Mexico after NAFTA? A) The natural conditions in Mexico are suitable for building factories. B) Low production and labor cost. C) The demand for cars in Mexico increases sharply. D) All of the above. Show Answer Correct Answer: B) Low production and labor cost. 10. Which of the following is a political real life example of a factor affecting international business A) The U.S. outsourcing technology work to India. B) Donald Trump testing positive for COVID-19. C) Locating headquarters to Switzerland for tax related purposes. D) Honda marketing motorcycles in China instead of cars. Show Answer Correct Answer: B) Donald Trump testing positive for COVID-19. 11. All position on efficiency frontier are viable. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 12. Why do companies want to become multinationals? A) To generate well-being in its clients. B) To secure supplies of raw materials or markets. C) To share the culture of their country of origin. D) To earn the respect of other companies. Show Answer Correct Answer: B) To secure supplies of raw materials or markets. 13. A code of conduct that helps determine what is good, right and proper. A) Ethics. B) Depreciate. C) Consumer. D) Curency. Show Answer Correct Answer: A) Ethics. 14. Which entry mode generally involves the lowest initial capital outlay and is well suited for rapid market testing? A) Acquisition of a local firm. B) Exporting. C) Establishing a wholly owned manufacturing subsidiary. D) Greenfield investment. Show Answer Correct Answer: B) Exporting. 15. Firms that pursue a global standardization strategy focus on increasing profitability and profit growth by reaping the cost reductions that come from economies of scale, learning effects and localization economies, that is their strategic goal is to pursue a low-cost strategy on a global scale. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. What is the primary goal of the Continental Free Trade Area (CAFTA)? A) To establish a political union. B) To promote cultural exchange. C) To enhance military cooperation. D) To eliminate 90% of tariffs and create a common market. Show Answer Correct Answer: D) To eliminate 90% of tariffs and create a common market. 17. What is the main focus of the United Nations (UN)? A) The main focus of the United Nations (UN) is to maintain international peace and security, promote human rights, and foster economic and social development. B) To regulate international sports competitions and events. C) To control global trade and set tariffs for all countries. D) To manage the world's natural resources and distribute them equally among nations. Show Answer Correct Answer: A) The main focus of the United Nations (UN) is to maintain international peace and security, promote human rights, and foster economic and social development. 18. The Department for International Trade is responsible for which of the following? A) Managing domestic trade policies. B) Overseeing international trade agreements. C) Regulating local businesses. D) Handling national security. Show Answer Correct Answer: B) Overseeing international trade agreements. 19. Opposite to Franchisor is A) Franchisee. B) VAT. C) Tax. D) Expertise. Show Answer Correct Answer: A) Franchisee. 20. IEC Number is issued by: A) Import Export Licensing authority. B) Foreign Minister. C) Minister of Commerce & Industry. D) Chamber of Commerce. Show Answer Correct Answer: A) Import Export Licensing authority. 21. T/F:When products mature and decline, it is profitable for businesses to take the product overseas where the product/service is in the introduction stage. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 22. In which country is a giant straw goat displayed during Christmas, often targeted by pranksters? A) Latvia. B) Sweden. C) Scotland. D) Austria. Show Answer Correct Answer: B) Sweden. 23. Are the shared expectations and rules that guide the behavior of people within social groups. They are learned and reinforced from parents, friends, teachers, and others while growing up in society. A) Customs. B) Beliefs. C) Culture. D) Cultural Norms. Show Answer Correct Answer: D) Cultural Norms. 24. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'You know your Chairman, but does he know ..... ? A) Me. B) Him. C) They. D) You. Show Answer Correct Answer: D) You. 25. What are the factors that have contributed to the growth of International Business? A) Market Expansion, Resource Acquisition, Technological changes. B) Government restrictions, Market contraction, Technological advancements. C) Resource Limitation, Technological stagnation, Social changes. D) Resource wastage, Social isolation, Market saturation. Show Answer Correct Answer: C) Resource Limitation, Technological stagnation, Social changes. ← 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