This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 58 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 58 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which element of culture encompasses the physical objects and artifacts created by a society, such as tools, clothing, and buildings? A) Material Culture. B) Social Organization. C) Language. D) Aesthetics. Show Answer Correct Answer: A) Material Culture. 2. What strategic challenges might a company face when transitioning from domestic to international marketing? A) Increased local competition. B) Cultural and regulatory differences. C) Reduced market size. D) Simplified logistics. Show Answer Correct Answer: B) Cultural and regulatory differences. 3. Bagaimana subsidi membantu produsen domestik? A) Meningkatkan biaya produksi. B) Mengurangi biaya produksi. C) Meningkatkan nilai pajak penjualan. D) Mengurangi beban pajak produsen. Show Answer Correct Answer: B) Mengurangi biaya produksi. 4. Process of exchanging one currency for another A) Importing. B) Exporting. C) Foreign Exchange Market. D) Exchange Rate. Show Answer Correct Answer: C) Foreign Exchange Market. 5. Value-added and excise taxes are taxes on A) The sale of goods. B) Corporate income. C) Payroll. D) None of these. Show Answer Correct Answer: A) The sale of goods. 6. Exports are goods that are sold to another country for sale in that country. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 7. Which countries are included in NAFTA? A) U.S., Canada, Brazil. B) Canada, Mexico, Cuba. C) U.S., Mexico, Chile. D) U.S., Canada, Mexico. Show Answer Correct Answer: D) U.S., Canada, Mexico. 8. Mercantilism argues that national prosperity results from ..... A) Trade deficit. B) Trade surplus. C) Free trade agreements. D) Imposing more tariff on Export. Show Answer Correct Answer: B) Trade surplus. 9. Quotas may be set by a country to protect one of its industries from too much foreign competition. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. Asia-Pacific Economic Cooperation (APEC) A) An alliance that promotes open trade and economic and technical cooperation among member nations throughout asia. B) A free trade zone encompassing 27 European countries. C) Strongly held concepts that are present in a culture. Values are connected to powerful emotions. D) None of the above. Show Answer Correct Answer: A) An alliance that promotes open trade and economic and technical cooperation among member nations throughout asia. 11. Foreign Direct Investment (FDI) involves: A) The acquisition of goods from foreign countries. B) Equity funds invested in other nations. C) The creation of tariffs to protect domestic businesses. D) Investment in domestic small enterprises. Show Answer Correct Answer: B) Equity funds invested in other nations. 12. Is the only country in which Mexico has a FTA with in Middle East. A) Saudi Arabia. B) Israel. C) Jordania. D) Egypt. Show Answer Correct Answer: B) Israel. 13. If portable disk players made in China are imported into the United States, the Chinese manufacturer is paid with A) International monetary credits. B) Dollars. C) Yuan, the Chinese currency. D) Euros, or any other third currency. Show Answer Correct Answer: B) Dollars. 14. Why do businesses often need to adapt their products in international markets? A) Customers in different countries have similar preferences. B) Exchange rates affect the product features. C) Customers' tastes and preferences differ across cultures. D) Domestic laws do not allow standardization of products. Show Answer Correct Answer: C) Customers' tastes and preferences differ across cultures. 15. Military orders during WW2 helped this company survive A) Airbus. B) Boeing. C) All the above. D) None of the above. Show Answer Correct Answer: B) Boeing. 16. The difference between export departments and international divisions is: A) Export departments handle overseas sales, while international divisions manage all international operations. B) Export departments manage domestic sales, while international divisions handle only exports. C) Export departments focus on marketing, while international divisions focus on production. D) Export departments are larger than international divisions. Show Answer Correct Answer: A) Export departments handle overseas sales, while international divisions manage all international operations. 17. Firms A want to expand their business in Vanuatu, and in order to successfully expand in the country, firms A may need to differentiate their products for matching with the country's market demand. By doing that, what would be the consequence of Firms A's action? A) Raising of the production costs. B) The production becomes more standardized. C) Decreasing in price of the product. D) The company may lose their market shares. Show Answer Correct Answer: A) Raising of the production costs. 18. Internal and external factors of globalization can be divided into market, environmental and competitive. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 19. Fiat currency or fiat money are- A) Coins and bills issued and printed by the central bank of a country. B) Any amount of currency stored in an electronic wallet. C) Digital representation of cash stored in digital wallet. D) None of the above. Show Answer Correct Answer: A) Coins and bills issued and printed by the central bank of a country. 20. Who Proposed the Comparative Advantage Theory? A) Raymond Vernon. B) Paul Krugman. C) Adam Smith. D) David Ricardo. Show Answer Correct Answer: D) David Ricardo. 21. Which of the following is a statement that supports the theory of comparative advantage? A) International trade is a zero-sum gain where one nation's gain is another's loss. B) Domestic industries are at risk when a country engages in free trade. C) A country should maintain trade surplus to succeed in global trade. D) Global production is greater with free trade than it is with restricted trade. Show Answer Correct Answer: D) Global production is greater with free trade than it is with restricted trade. 22. Which entry mode gives a firm full control over its foreign operations and is often preferred when protecting proprietary technology? A) Licensing. B) Turnkey Project. C) Wholly Owned Subsidiary. D) Franchising. Show Answer Correct Answer: C) Wholly Owned Subsidiary. 23. Which of the following is a non-equity internationalization mode for services? A) Delivering services to customers abroad. B) Direct import of goods. C) Subcontracting of manufacturing. D) Licensing of technology. Show Answer Correct Answer: A) Delivering services to customers abroad. 24. In which country do families make lanterns called "parols" ? A) Malaysia. B) Philippines. C) Indonesia. D) Thailand. Show Answer Correct Answer: B) Philippines. 25. Which of the following is NOT an internal environment factor in international business? A) Finance. B) Production. C) Technological environment. D) Marketing. Show Answer Correct Answer: C) Technological environment. ← 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