This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 53 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 53 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Cultural sensitivity means you should do the following except: A) Assume you know everything about someone's culture. B) Do not ever initiate the conversation. C) Never afraid to learn new things. D) Assume that your way of doing things is the right way. Show Answer Correct Answer: B) Do not ever initiate the conversation. 2. What percentage of all foreign direct investment (FDI) is made by the world's largest 500 MNEs? A) 60%. B) 70%. C) 80%. D) 90%. Show Answer Correct Answer: C) 80%. 3. How do trade fairs help UK businesses according to the 'Open to Export' service? A) By providing networking opportunities. B) By offering financial support. C) By reducing export taxes. D) By simplifying legal procedures. Show Answer Correct Answer: A) By providing networking opportunities. 4. Which of the following is NOT a dimension of Hofstede's cultural dimensions theory? A) Individualism vs. Collectivism. B) Power Distance. C) Masculinity vs. Femininity. D) Nationalism vs. Globalism. Show Answer Correct Answer: D) Nationalism vs. Globalism. 5. Main difference that has the future's market from the forward's A) Directly between seller and buyer. B) Are negotiated outside of Stock Exchanges. C) Are negotiated on authorized Stock Exchanges. D) None of the above. Show Answer Correct Answer: C) Are negotiated on authorized Stock Exchanges. 6. An agreement between countries that eliminates duties and trade barriers on products traded among members A) Social Responsibility. B) Free-Trade Agreement. C) Trade Embargo. D) Tax Holiday. Show Answer Correct Answer: B) Free-Trade Agreement. 7. Which of the following is NOT an argument in favor of protectionism? A) Protectionism shields infant industries from foreign competition. B) Protectionism safeguards workers' jobs. C) Protectionism promotes industries that are essential to national security. D) Protectionism makes domestic firms more competitive in the long run. Show Answer Correct Answer: D) Protectionism makes domestic firms more competitive in the long run. 8. How a country manages its resources is an example of its ..... condition, which influences international business. A) Cultural and social. B) Geographic. C) Economic. D) Political and legal. Show Answer Correct Answer: C) Economic. 9. What is a key factor affecting international promotion mix? A) Product adaptation. B) Global advertising versus market-specific advertising. C) Standard pricing. D) Direct distribution channels. Show Answer Correct Answer: B) Global advertising versus market-specific advertising. 10. Which is NOT a positive adjective about a smartphone? A) Heavy. B) Compact. C) Reliable. D) High-quality. Show Answer Correct Answer: A) Heavy. 11. Which of the following agreements was in direct violation of the principles of GATT? A) Trade policy review. B) Multifibre Arrangement. C) General Agreement on Trade in Services. D) Trade-Related Aspects of Intellectual Property Rights. Show Answer Correct Answer: B) Multifibre Arrangement. 12. What is the focus of the Climate Change Agenda mentioned in the document? A) The environmental impact of human activity and the warning of the Earth's atmosphere due to greenhouse gas emissions. B) Promoting international monetary cooperation. C) Monitoring the global economy. D) Providing financial assistance to countries in crisis. Show Answer Correct Answer: A) The environmental impact of human activity and the warning of the Earth's atmosphere due to greenhouse gas emissions. 13. Why companies engage in international business? A) To expand sales. B) To acquire resources. C) To diversify or reduce risks. D) All of these. Show Answer Correct Answer: D) All of these. 14. What is a common feature of bilateral Free Trade Agreements (FTAs)? A) They include a commitment to reduce tariffs and adjust industry regulations. B) They eliminate all trade barriers globally. C) They provide direct financial assistance to exporters. D) They guarantee equal market access for all countries. Show Answer Correct Answer: A) They include a commitment to reduce tariffs and adjust industry regulations. 15. Which of the following is a challenge faced by the World Trade Organization (WTO) in reforming global trade policy? A) Conflicting interests of member countries. B) Lack of international currency. C) Insufficient export markets. D) Limited access to technology. Show Answer Correct Answer: A) Conflicting interests of member countries. 16. Bagaimana cara suatu negara mengaplikasikan kuota impor? A) Pembatasan langsung pada harga barang yang diimpor. B) Membatasi lisensi impor kepada perusahaan yang sudah lulus standar. C) Menentukan standar produk yang diizinkan untuk diimpor. D) Pembatasan langsung pada negara asal barang yang diimpor. Show Answer Correct Answer: B) Membatasi lisensi impor kepada perusahaan yang sudah lulus standar. 17. A major function of the IMF is ..... A) To be an international liquidator. B) To provide technical assistance. C) To liberalise international trade. D) Helps in expansion of production. Show Answer Correct Answer: A) To be an international liquidator. 18. Infrastructure is a significant factor that affects the economic development of a country. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 19. Bagaimana keputusan produksi global dan pengelolaan rantai pasokan dapat mempengaruhi pertumbuhan dan profitabilitas perusahaan global? A) Meningkatkan ketergantungan pada teknologi informasi. B) Memperluas kebutuhan kerjasama dengan pemasok lokal. C) Meningkatkan efisiensi operasional dan responsibilitas terhadap permintaan pelanggan. D) Menghindari persaingan dengan perusahaan lokal. Show Answer Correct Answer: C) Meningkatkan efisiensi operasional dan responsibilitas terhadap permintaan pelanggan. 20. Why might a company NOT have to pay upfront? A) Long standing business relationship. B) Bad Debt. C) Bad Credit. D) No trust. Show Answer Correct Answer: A) Long standing business relationship. 21. Gaining public attention for the purpose of selling products or services through various forms of media is known as ..... A) Advertising. B) Advertising Agency. C) Publicity. D) Rebate. Show Answer Correct Answer: A) Advertising. 22. A particular number that an export firm needs to have is known as- A) IEC Number. B) IFC Number. C) IIC Number. D) IFC Code. Show Answer Correct Answer: A) IEC Number. 23. Which of the following is not a pressure for local responsiveness? A) Host government demands. B) Differences in consumer tastes and preferences. C) Differences in distribution channel. D) Excess capacity. Show Answer Correct Answer: D) Excess capacity. 24. The key factors that affect a country's level of economic development include all of these EXCEPT: A) Agricultural Dependency. B) Literacy Level. C) Unemployment Rate. D) Technology. Show Answer Correct Answer: C) Unemployment Rate. 25. Which of the following NOT example of international company? A) Alex Minishop. B) IBM. C) Google. D) Nestle. Show Answer Correct Answer: A) Alex Minishop. ← 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