This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 54 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 54 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. If Brazil has a comparative advantage in producing rubber, and trade in rubber is allowed ..... A) Brazil will become an importer of rubber. B) Brazil will become an exporter of rubber. C) Brazil could become either an exporter or importer. D) It is impossible to determine whether Brazil will become an importer or an exporter of rubber without additional information about rubber prices. Show Answer Correct Answer: B) Brazil will become an exporter of rubber. 2. Which of the following describes an embargo? A) A limit on imports. B) A complete halt of trade with a country. C) A subsidy for foreign goods. D) A tax on exports. Show Answer Correct Answer: B) A complete halt of trade with a country. 3. Some of the major economic reform themes that are common to the three international organizations promoting globalization are: A) Trade liberalization, deregulation, and privatization. B) Protectionism, increased tariffs, and isolationism. C) Nationalization, currency devaluation, and autarky. D) Subsidies, import quotas, and closed markets. Show Answer Correct Answer: A) Trade liberalization, deregulation, and privatization. 4. Which of the following is a common activity of MNCs? A) Training of international managers. B) Buying resources in various countries. C) Inventing goods in a variety of countries. D) Establishing foreign exchange rates. Show Answer Correct Answer: B) Buying resources in various countries. 5. How does McDonald's demonstrate local responsiveness? A) By offering a standardized menu across all countries. B) By adapting its menu to local tastes. C) By maintaining the same pricing strategy worldwide. D) By using the same marketing campaigns in every market. Show Answer Correct Answer: B) By adapting its menu to local tastes. 6. Any implementation of fees, rules, or regulations designed with the intention to limit international tradeTHIS IS? A) A customs barrier. B) International economic aid. C) Value Added Tax. D) Transporting commodities. Show Answer Correct Answer: A) A customs barrier. 7. How do international financial institutions support global trade? A) By limiting foreign investments. B) By controlling currency exchange rates. C) By imposing tariffs on imports. D) International financial institutions support global trade by providing financing, risk mitigation, and policy advice. Show Answer Correct Answer: D) International financial institutions support global trade by providing financing, risk mitigation, and policy advice. 8. It answers the part of how you do the series of steps A) Process. B) Procedures. C) All the above. D) None of the above. Show Answer Correct Answer: B) Procedures. 9. Standard policy is provided by which institute for insurance and guarantees of International business processes? A) LIC. B) EXIM Bank. C) ECGC. D) IMF. Show Answer Correct Answer: C) ECGC. 10. The provides protection of public health by regulating the farming and forestry sector. A) USDA. B) WHO. C) UN. D) FDA. Show Answer Correct Answer: A) USDA. 11. All of the following are basic elements that make up a culture except ..... A) Literature. B) Animals. C) Beliefs. D) Art. Show Answer Correct Answer: B) Animals. 12. This is done when payments to credit cards or other bills are scheduled to be automatically paid on a certain date from the payee's debit or credit card. A) Credit card rewards program. B) Payment reminder service. C) Manual bill payment. D) Auto pay. Show Answer Correct Answer: D) Auto pay. 13. Legal system based on a detailed set of written rules and statutes that constitute a legal code is called A) Common law legal system. B) Codified legal system. C) Civil law legal system. D) Unwritten legal system. Show Answer Correct Answer: A) Common law legal system. 14. Which type of strategy have strong pressures for cost reductions and demands for local responsiveness are minimal? A) Global Standardization Strategy. B) Transnational Strategy. C) International Strategy. D) Localization Strategy. Show Answer Correct Answer: A) Global Standardization Strategy. 15. Sektor apa yang cenderung menjadi penerima manfaat terbesar dari subsidi? A) Teknologi. B) Pertanian. C) Energi. D) Pendidikan. Show Answer Correct Answer: B) Pertanian. 16. UNIT 1:ABOUT YOUSimple ExchangesA:Are you in the maintenance department?B: ..... A) No, I'm not. I'm in the IT department. B) No, I am. I'm in the IT department. C) Yes, I am not. I am from the maintenance department. D) Yes, I am. I am from the IT department. Show Answer Correct Answer: A) No, I'm not. I'm in the IT department. 17. International Business A) Any activity involvingbusiness operations across national borders. B) Any activity that seeks to provide goods and services to others while operating at a profit. C) Increasing integration of the world economy. D) None of the above. Show Answer Correct Answer: A) Any activity involvingbusiness operations across national borders. 18. Which of the following theories suggests that first mover advantage is significant in the export of a good? A) Product life-cycle theory. B) Ricardo's theory. C) New trade theory. D) Theory of comparative advantage. Show Answer Correct Answer: C) New trade theory. 19. Sports teams having their logo on souvenir is considered? A) Licensing. B) Joint venture. C) Franchising. D) Infrastructure. Show Answer Correct Answer: A) Licensing. 20. Where is the headquarters of the World Trade Organization located? A) Brussels, Belgium. B) Geneva, Switzerland. C) New York, United States. D) Vienna, Austria. Show Answer Correct Answer: B) Geneva, Switzerland. 21. Which of the following is NOT a factor affecting exchange rates? A) The color of the sky. B) Political stability. C) Inflation. D) Interest rates. Show Answer Correct Answer: A) The color of the sky. 22. A no-trade world will have which of the following characteristics: A) Countries will have same relative endowments of production factors. B) Consumers across countries will have identical and homogenous tastes. C) There will be no distortions or externalities. D) All of the above. Show Answer Correct Answer: D) All of the above. 23. What is the REACH Model? A) A strategy for organizations to expand into foreign markets. B) A framework for managing local governance. C) A method for standardizing products across markets. D) A model for increasing global integration. Show Answer Correct Answer: A) A strategy for organizations to expand into foreign markets. 24. Which of the following is not a document related to export transaction? A) Shipping Bill. B) Airway Bill. C) Mate's Receipt. D) Bill of Entry. Show Answer Correct Answer: D) Bill of Entry. 25. An MNC decides NOT to invest in a country because of a high risk of civil war and frequent changes in government. This is an example of: A) Economic Risk. B) Political Risk. C) Environmental Risk. D) Technological Risk. Show Answer Correct Answer: B) Political Risk. ← 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