This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 57 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 57 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Locating a value-creation activity in the optimal location for that activity can lower the costs of value creation and help the firm to achieve a low-cost position, or enable a firm to differentiate its product offerings from those of competitors. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 2. What is a mixed economy? A) Blend of government and private ownership. B) Only government ownership. C) Only private ownership. D) None of the above. Show Answer Correct Answer: A) Blend of government and private ownership. 3. Salah satu Pasar Modal Terbesar di Asia terdapat di ..... A) Tokyo, Jepang. B) Shanghai, China. C) Jakarta, Indonesia. D) Bombay, India. Show Answer Correct Answer: A) Tokyo, Jepang. 4. Subsidiaries consider the regional environment for policy / Strategy formulation is known as A) Polycentric Approach. B) Regiocentric Approach. C) Ethnocentric Approach. D) Geocentric Approach. Show Answer Correct Answer: B) Regiocentric Approach. 5. Technology promotes international business by making production and communication more difficult. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 6. A visitor is classified as a tourist if his trip includes an overnight stay (one night at the destination) A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 7. Which of the following is NOT a characteristic of a multinational corporation (MNC)? A) Operating in multiple countries. B) Having centralized management. C) Engaging in international trade. D) Adhering strictly to domestic market operations. Show Answer Correct Answer: D) Adhering strictly to domestic market operations. 8. New Trade Theory emphasizes which mechanism for trade patterns among similar nations? A) Economies of scale and first-mover advantages. B) Abundant factor endowments and scarcity. C) Government hoarding of gold and silver. D) Geographic distance and gravity effects. Show Answer Correct Answer: A) Economies of scale and first-mover advantages. 9. How do differing economic philosophies affect international business? A) They have no impact. B) They only affect currency exchange rates. C) They can lead to varying degrees of government involvement in business. D) They always result in trade wars. Show Answer Correct Answer: C) They can lead to varying degrees of government involvement in business. 10. The Internet has helped small businesses compete in global markets because it ..... A) Allows them to establish a physical presence in each country. B) Avoids transactions involving foreign exchange. C) Reduces entry costs. D) Eliminates price controls. Show Answer Correct Answer: C) Reduces entry costs. 11. Foreign direct investment is when firms make business investment that it controls in a ..... A) Domestic country. B) Foreign country. C) Both a & b. D) None of the above. Show Answer Correct Answer: B) Foreign country. 12. Refusing to buy, sell or use certain products or companies A) Rebellion. B) Boycott. C) Tax. D) Rebellion. Show Answer Correct Answer: B) Boycott. 13. What is the significance of cultural diversity in International Business? A) It hinders business growth. B) It promotes innovation and creativity. C) It has no impact on business operations. D) It leads to conflicts and misunderstandings. Show Answer Correct Answer: B) It promotes innovation and creativity. 14. This is an abstract of idea of what is right and what is wrong. A) Norms. B) Values. C) Beliefs. D) Culture. Show Answer Correct Answer: B) Values. 15. Pada Teori Perdagangan Internasional, konsekuensi dari perdagangan bebas terdiri atas ..... A) Perkembangan Ekonomi Lokal dan Internasional. B) Perkembangan Ekonomi Statis dan Dinamis. C) Perkembangan Ekonomi Negara dan Swasta. D) Tidak ada Kemajuan Pertumbuhan Ekonomi. Show Answer Correct Answer: B) Perkembangan Ekonomi Statis dan Dinamis. 16. The buyer understands that the seller owns the exclusive rights in the design, patents, trademarks, trade name and company name used in connection with the seller's goods. what the right title of that clause? A) Right and obligation. B) Recitals. C) The object. D) Intellectual property protection. Show Answer Correct Answer: D) Intellectual property protection. 17. Global expansion always increases a firm's profitability in the short term. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 18. Which theory of internationalization explains that the form of internationalization depends on trade barriers, size of sales market and costs of operating abroad: A) PORTFOLIO THEORY. B) INTERNALIZATION THEORY. C) Product Life Cycle Theory Theory. D) CURRENCY AREA THEORY. Show Answer Correct Answer: D) CURRENCY AREA THEORY. 19. Which business function is most affected by cultural differences in terms of production practices and work ethics? A) Accounting and Finance. B) Marketing. C) Production. D) Human Resources. Show Answer Correct Answer: C) Production. 20. Which dimension of Hofstede's model evaluates how societies deal with the uncertainty of the future and their level of comfort with ambiguity? A) Masculinity-Femininity. B) Long-term Orientation. C) Uncertainty Avoidance. D) Power Distance. Show Answer Correct Answer: C) Uncertainty Avoidance. 21. What is the significance of understanding the socio-cultural environment in global marketing? A) To focus on technological advancements. B) To adapt marketing strategies to cultural differences. C) To avoid political risks. D) To reduce production costs. Show Answer Correct Answer: B) To adapt marketing strategies to cultural differences. 22. What are the challenges of globalization? A) Social unrest, increased competition, job displacement, and cultural homogenization. B) Language barriers, political conflicts, technological disparities, and resource depletion. C) Trade imbalances, loss of national identity, increased pollution, and economic dependency. D) Cultural clashes, economic inequality, loss of local industries, and environmental degradation. Show Answer Correct Answer: D) Cultural clashes, economic inequality, loss of local industries, and environmental degradation. 23. What is the impact of technology on international business? A) Technology decreases global competition. B) Technology only benefits large corporations. C) Technology has no effect on international trade. D) Technology significantly improves efficiency, communication, and market access in international business. Show Answer Correct Answer: D) Technology significantly improves efficiency, communication, and market access in international business. 24. Only country to voluntarily abandon it's nuclear weapons program and has the only street in the world to house two Nobel Peace prize winners. A) Brazil. B) Sweden. C) South Africa. D) None of the above. Show Answer Correct Answer: C) South Africa. 25. The main objective of ..... was to help facilitate external trade and payments in India. A) FEMA. B) FERA. C) EPZs. D) Technology park. Show Answer Correct Answer: A) FEMA. ← 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