This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 6 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Heckscher-Ohlin theory emphasizes: A) Differences in technology between nations. B) Differences in factor endowments. C) Economies of scale. D) Product life stages. Show Answer Correct Answer: B) Differences in factor endowments. 2. Which of the following is a support typically provided by a franchisor? A) Ownership of the franchisee's company. B) Training and advertising. C) Only technology transfer. D) Only brand licensing. Show Answer Correct Answer: B) Training and advertising. 3. Framework or tool used to analyse and monitor the macro-environmental factors that may have a profound impact on an organisation's performance. A) Five Forces Analysis. B) PESTEL. C) Value Proposition Canva Model. D) Entrepreneurial ecosystem model. Show Answer Correct Answer: B) PESTEL. 4. In Entrepot Trade, what is the purpose of importing goods? A) For consumption within the importing country. B) For sale in the importing country. C) For re-exporting to a third country. D) For storage in the importing country. Show Answer Correct Answer: C) For re-exporting to a third country. 5. What is a revenue tariff designed to do? A) Limit imports. B) Encourage exports. C) Raise money for the government. D) Protect domestic industries. Show Answer Correct Answer: C) Raise money for the government. 6. The gives an indication of the London Stock Exchange. A) NYSE. B) FTSE 100. C) NIKKEI. D) HIS. Show Answer Correct Answer: B) FTSE 100. 7. ..... includes business organizations, community activities, religious/political organizations, family, and friends. A) Consumer Behavior. B) Psychographics. C) Social & Cultural Factors. D) Demographics. Show Answer Correct Answer: A) Consumer Behavior. 8. The following statement are disadvantages of regional economic integration EXCEPT A) Trade diversion. B) Creating of trading blocs. C) Loss of national sovereignty. D) Regional product and marketing. Show Answer Correct Answer: D) Regional product and marketing. 9. Which is a joint venture? A) An organization that does business in several countries. B) An agreement between two or more companies to share a business project. C) All the above. D) None of the above. Show Answer Correct Answer: B) An agreement between two or more companies to share a business project. 10. The three types of political systems are Democracy, Totalitarianism, Mixed Systems A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 11. What is the primary function of the IMF? A) Overseeing product quality in global markets. B) Organizing international trade conferences. C) Supporting countries during economic crises. D) None of the above. Show Answer Correct Answer: C) Supporting countries during economic crises. 12. Which brand is known for spending over £10 million on a single Christmas advert? A) Boots. B) Tesco. C) John Lewis. D) Sainsbury's. Show Answer Correct Answer: C) John Lewis. 13. What is the main motivation for companies to consider a joint venture as a mode of entry? A) To divide the risk with other parties and leverage each other's strengths. B) To gain control of the target's operations. C) To avoid the expense of establishing operations in the new country. D) To acquire the right to use products and goods. Show Answer Correct Answer: A) To divide the risk with other parties and leverage each other's strengths. 14. What is one source of secondary international data? A) Interviews. B) Focus Groups. C) Surveys. D) Government Agencies. Show Answer Correct Answer: D) Government Agencies. 15. What are the potential benefits of doing business on a foreign planet? A) To learn about alien technology. B) To expand market reach and increase sales. C) To compete in intergalactic sports events. D) To learn alien languages. Show Answer Correct Answer: B) To expand market reach and increase sales. 16. Any activity which slows or outright blocks the free exchange of goods and services between nations. A) Voluntary Trade. B) Specialization. C) Currency Exchange. D) Embargo. Show Answer Correct Answer: D) Embargo. 17. If nations limit trade in of clothing who will benefit? A) Domestic Consumers of clothing. B) Domestic producers of clothing. C) Foreign Producers of clothing. D) Department stores who sell clothing. Show Answer Correct Answer: B) Domestic producers of clothing. 18. Corporate Social Responsibility (CSR) is a company's commitment to conducting its business in an ethical and socially responsible manner. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. Argentina increased taxes to 9% on the import of milk powder after record levels of imports and fears Argentina farmers would suffer falling incomes. This is a(n) ..... A) Tariff. B) Quota. C) Embargo. D) None of the above. Show Answer Correct Answer: A) Tariff. 20. Which of the following is a definition of multinational enterprises? A) A company employing foreign nationals. B) A company headquartered in one country but having operations in other countries. C) A company operating in emerging economies. D) None of the above. Show Answer Correct Answer: B) A company headquartered in one country but having operations in other countries. 21. To discuss a deal or problem in the hope of reaching an agreement. A) Consumer. B) Trade barrier. C) Negotiate. D) Market. Show Answer Correct Answer: C) Negotiate. 22. Modern ..... trace their intellectual roots to Karl Marx. A) Separatists. B) Capitalists. C) Socialists. D) Federalists. Show Answer Correct Answer: C) Socialists. 23. From which nation we have learned a lot of things about QUALITY A) Germany. B) China. C) Japan. D) U.S.A. E) Mexico. Show Answer Correct Answer: C) Japan. 24. What type of currency is used in the EU (European Union)? A) Peso. B) Lyre. C) Euro. D) Dollar. Show Answer Correct Answer: C) Euro. 25. It is possible to identify multinational firms that find themselves in the fortunate position of being confronted with low cost pressures and low pressures for local responsiveness. A) International Strategy. B) Localization Strategy. C) Differences in consumer tastes and preferences. D) Global Standardization Strategy. E) Differences in distribution channels. Show Answer Correct Answer: A) International Strategy. ← 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 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 10Class 11 Business Studies Chapter 10 International Business Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books