This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 52 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 52 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is one potential difference between international business and domestic business? A) The need to modify existing business principles and practices. B) The assumption that the government will not mind opening another business. C) The availability of realtors to help find a building. D) The ability to negotiate the price of a building. Show Answer Correct Answer: A) The need to modify existing business principles and practices. 2. Which of the following is a political and regulatory risk associated with investing in foreign countries? A) Language barriers. B) Changes in government policies. C) Exchange rate fluctuations. D) Multidisciplinary approach. Show Answer Correct Answer: B) Changes in government policies. 3. A company that organizes its international operations based on its product lines is using which structure? A) Functional structure. B) Product structure. C) Geographic structure. D) Matrix structure. Show Answer Correct Answer: B) Product structure. 4. Which of the following is included in a nation's balance of payments? A) The number of businesses operating within the country. B) The country's population size. C) Foreign investments, foreign aid, loans, tourists dollars, and military expenditures. D) The country's gross domestic product (GDP). Show Answer Correct Answer: C) Foreign investments, foreign aid, loans, tourists dollars, and military expenditures. 5. ..... provides complete independence to a person living in India that he/she can buy property outside India. A) FERA. B) FEMA. C) EPZs. D) SEZs. Show Answer Correct Answer: B) FEMA. 6. The main types of trade protection have been A) Voluntary export restraints, voluntary cash flow remittances and retrocapital flows. B) Financial barriers that make imports of lower quality. C) Financial barriers that increase the cost of imports and lower production costs of domestic rivals. D) Embargoes quota and quarantine. Show Answer Correct Answer: C) Financial barriers that increase the cost of imports and lower production costs of domestic rivals. 7. Which of the following is a method through which exporters can access financing to support their international trade activities? A) Export Financing. B) Foreign Direct Investment. C) International Capital Markets. D) Multilateral Development Banks. Show Answer Correct Answer: A) Export Financing. 8. A good ..... is to be aware of engaging in questionable activities, which might be legal but couldn't have future reputation repercussion. A) Rule of thumb. B) Global economy. C) Domestic firm. D) All the above. Show Answer Correct Answer: A) Rule of thumb. 9. International business involves the buying and selling of products or services between countries. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. Which of the following is NOT listed as a component of Ethical, Legal, and Political Barriers in international trade? A) Trade restrictions. B) International laws. C) Different ethical values. D) Currency exchange rates. Show Answer Correct Answer: D) Currency exchange rates. 11. A free-trade agreement between two companies results in increased trade between the countries because barriers to trade are removed. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 12. Ensuring continuous supply belongs to which types of motives of internationalization: A) POLITICAL MTIVES. B) COST OPTIMIZATION. C) SUPPLY SIDE OPTIMIZATION. D) MARKET MOTIVES. Show Answer Correct Answer: C) SUPPLY SIDE OPTIMIZATION. 13. What is Arbitrage? A) A legal dispute resolution process. B) Simultaneous buying and selling in different markets for profit. C) A type of international insurance policy. D) The process of cultural adaptation in business. Show Answer Correct Answer: B) Simultaneous buying and selling in different markets for profit. 14. Which of the following best defines 'Innovation'? A) Application of scientific knowledge for practical aims. B) A new idea that has been put into commercial use. C) The creation of an invention. D) Implementation of old technologies in new contexts. Show Answer Correct Answer: B) A new idea that has been put into commercial use. 15. International Business takes place between: A) Two states. B) Two cities. C) Two countries. D) Two Districts. Show Answer Correct Answer: C) Two countries. 16. What is an international strategy? A) Focusing entirely on the domestic market. B) Exporting and selling just like in the home market. C) Dispersing value creation activities globally to achieve efficiency and local responsiveness. D) Focusing on developing premium products at home. Show Answer Correct Answer: C) Dispersing value creation activities globally to achieve efficiency and local responsiveness. 17. According to the Theory of Mercantilism, a nation's wealth is determined by: A) The standard of living of its citizens. B) Its accumulation of gold and silver (bullion). C) The efficiency of its labor force. D) The amount of goods it imports. Show Answer Correct Answer: B) Its accumulation of gold and silver (bullion). 18. More $ leaves than comes in = Balance of Trade ..... A) Surplus. B) Deficit. C) Slurpy. D) None of the above. Show Answer Correct Answer: B) Deficit. 19. Is the following an advantage or a disadvantage of international business locations?"*Access global markets" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: A) Advantage. 20. If a person spends more than 24 hours in a place outside his country, is he considered an international tourist? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. What is an example of Foreign Direct Investment (FDI)? A) Buying shares of BCA for a few months. B) Opening new Starbucks stores in Indonesia. C) Saving money in the bank. D) Sending money to friends overseas. Show Answer Correct Answer: B) Opening new Starbucks stores in Indonesia. 22. Haier's entry into the US white goods market is an example of which strategy? A) Blue Ocean Strategy (BOS). B) Conventional acquisition. C) Brownfield acquisition. D) Staged acquisition. Show Answer Correct Answer: A) Blue Ocean Strategy (BOS). 23. ..... theory talks about attaining economies of scale and lowering the cost of production by specialization in the production of certain goods A) New Trade Theory. B) Product lifecycle theory. C) Porter's theory of national competitive advantage. D) Theory of comparative advantage. Show Answer Correct Answer: A) New Trade Theory. 24. The policy of imposing duties or quotas on imports in order to protect home industries from overseas competition. A) Free trade. B) Protectionism. C) Balance of trade. D) None of the above. Show Answer Correct Answer: B) Protectionism. 25. What does the term 'balance of trade' refer to? A) The difference between the value of a country's exports and the value of its imports. B) The total value of a country's exports. C) The total value of a country's imports. D) The difference between the value of a country's imports and the value of its exports. Show Answer Correct Answer: A) The difference between the value of a country's exports and the value of its imports. ← 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