This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 60 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 60 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Value of one nation's currency to another A) Importing. B) Exporting. C) Foreign Exchange Market. D) Exchange Rate. Show Answer Correct Answer: D) Exchange Rate. 2. Releasing information about a person or a company for promotional purposes. A) Advertising. B) Publicity. C) News Release. D) Rebate. Show Answer Correct Answer: B) Publicity. 3. Standardizes products and services for worldwide use A) Multinational Corporation. B) Global Strategy. C) Multinational Strategy. D) Foreign Exchange. Show Answer Correct Answer: B) Global Strategy. 4. The most successful Australian export is ..... A) Hugh Jackman. B) Kraft Peanut Butter. C) Kingaroy Peanuts. D) Vegemite. Show Answer Correct Answer: D) Vegemite. 5. When two or more firms come together to create a new business entity that is legally separate & distinct from its parents; it is known as: A) Contract of manufacturing. B) Franchising. C) Joint Venture. D) Licensing. Show Answer Correct Answer: C) Joint Venture. 6. How can political instability affect international business? A) It increases business risks and uncertainty. B) It improves investor confidence. C) It creates predictable investment conditions. D) It guarantees stable trade laws. Show Answer Correct Answer: A) It increases business risks and uncertainty. 7. A manufacturer appoints a person or firm with authority to make contracts on its behalf in a foreign market and pays commission on sales. What arrangement is described? A) Technology licensing for royalties. B) Agency requirements representation. C) Foreign distributorship taking title. D) Wholly owned subsidiary operation. Show Answer Correct Answer: B) Agency requirements representation. 8. What role does cultural adaptation play in international marketing strategies? A) It has no significant impact. B) It helps in understanding local consumer behavior. C) It only affects pricing strategies. D) It is only relevant for product design. Show Answer Correct Answer: B) It helps in understanding local consumer behavior. 9. How many member countries does the WTO have? A) Around 50. B) Around 100. C) Around 150. D) Over 200. Show Answer Correct Answer: D) Over 200. 10. Which of the following is NOT a typical source of cost pressures faced by firms operating in international markets? A) High fixed costs that require large production volumes to achieve low unit costs. B) Strong pressures to meet diverse and highly localized consumer tastes. C) Intense price-based competition from low-cost local rivals. D) The need to achieve economies of scale across multiple countries. Show Answer Correct Answer: B) Strong pressures to meet diverse and highly localized consumer tastes. 11. The immediate space surrounding an individual making them feel comfortable and safe A) Personal Space. B) Etiquette. C) Sociability. D) Cleanliness. Show Answer Correct Answer: A) Personal Space. 12. Consumer choice is a DISADVANTAGE of international business A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 13. Which international strategy explicitly seeks both global efficiency and local responsiveness? A) Global standardization strategy (focus on efficiency through standardization). B) Localization strategy. C) Transnational strategy. D) International strategy. Show Answer Correct Answer: C) Transnational strategy. 14. This country is the largest in the world by area and has a mixed economy. A) Qatar. B) Russia. C) Japan. D) None of the above. Show Answer Correct Answer: B) Russia. 15. What are tariffs? A) Political boundaries between nations. B) Military blockades of specific countries. C) Disputes between state governments over boundaries. D) Taxes on the import or export of goods from a country. Show Answer Correct Answer: D) Taxes on the import or export of goods from a country. 16. What are some of the advantages of contract manufacturing? A) Lower production costs. B) Access to specialized expertise and technology. C) Increased flexibility and scalability. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. A country has an absolute advantage in the production of a product when it ..... A) Has the capability to produce the product within its boundaries. B) Is more efficient than any other country in producing it. C) Has the largest domestic demand for the product. D) Has access to the raw materials needed to produce the product. Show Answer Correct Answer: B) Is more efficient than any other country in producing it. 18. Globalization allows businesses to: A) Only operate locally. B) Avoid cultural adaptation. C) Reach wider markets and customers. D) Ignore global competition. Show Answer Correct Answer: C) Reach wider markets and customers. 19. Which of the following statements is not a reason why world trade is sometimes necessary? A) A country cannot produce a desired good because it does not have a suitable climate. B) A business in one country may produce better products or services at cheaper prices than businesses in other countries. C) A country may not have the necessary resources to produce certain products. D) A country's government may make the production of a certain good illegal. Show Answer Correct Answer: D) A country's government may make the production of a certain good illegal. 20. What is the purpose of trade policies formulated by governments? A) To enforce strict immigration laws. B) To protect domestic industries and promote exports. C) To regulate domestic economic policies. D) To control environmental regulations. Show Answer Correct Answer: B) To protect domestic industries and promote exports. 21. Which factor is least relevant when deciding between establishing a greenfield operation and acquiring an existing local firm? A) Speed to obtain market presence and distribution channels. B) Availability of skilled local staff within the target company. C) Regulatory approvals and local licensing constraints. D) Compatibility with the firm's existing brand positioning in its home market. Show Answer Correct Answer: D) Compatibility with the firm's existing brand positioning in its home market. 22. Which strategy is designed to reduce the scale of a corporation's businesses? A) Stability Strategy. B) Growth Strategy. C) Focus Strategy. D) Retrenchment Strategy. Show Answer Correct Answer: D) Retrenchment Strategy. 23. Who introduced the theory of absolute advantage? A) Adam Smith. B) David Ricardo. C) Bertil Ohlin. D) Michael Porter. Show Answer Correct Answer: A) Adam Smith. 24. What is one of the negative impacts of NAFTA? A) Increased exports. B) Economic growth. C) Enhanced environmental protection. D) Job loss in manufacturing in the U.S. Show Answer Correct Answer: D) Job loss in manufacturing in the U.S. 25. Infrastructure refers to what? A) Economic policies. B) Technological advancements. C) Physical structures and facilities. D) Social norms and values. Show Answer Correct Answer: C) Physical structures and facilities. ← 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