This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 61 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 61 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A matrix structure combines which two dimensions? A) Product and geography. B) Product and function. C) Function and geography. D) Any two of the above. Show Answer Correct Answer: D) Any two of the above. 2. Which of the following best describes situational analysis? A) Review of historical and current business conditions as well as internal and external factors that might impact marketing decisions and operations. B) Outline of budgets and employee turnover. C) The information needed to prepare an executive summary. D) Ways a business can analyse each situation it may encounter. Show Answer Correct Answer: A) Review of historical and current business conditions as well as internal and external factors that might impact marketing decisions and operations. 3. What is a transnational strategy? A) A strategy that seeks global efficiency and local responsiveness. B) A strategy focused solely on local market needs. C) A strategy that emphasizes high integration only. D) A strategy with minimal adaptation in foreign markets. Show Answer Correct Answer: A) A strategy that seeks global efficiency and local responsiveness. 4. In the example "1.23 CAD/USD", what does this mean? A) 1 Canadian Dollar equals 1.23 US Dollars. B) 1.23 Canadian Dollars equal 1 US Dollar. C) Canada's economy is 1.23 times stronger than the US. D) The US Dollar is worth 1.23% more than the Canadian Dollar. Show Answer Correct Answer: B) 1.23 Canadian Dollars equal 1 US Dollar. 5. Resources available = 200 units for each countryProduction in GhanaCocoa = 10 tonsRice = 5 tonsProduction in South KoreaCocoa = 2.5 tonsRice = 10 tonsQuestion:Which country should specialize in producing Rice? A) Ghana. B) South Korea. C) All the above. D) None of the above. Show Answer Correct Answer: B) South Korea. 6. International Business is all commercial activities that take place to promote the transfer of ..... , ..... , ..... , people, ideas, and technologies across national boundaries. A) Goods, services, governments. B) Data, services, governments. C) Goods, services, resources. D) Data, services, goods. Show Answer Correct Answer: C) Goods, services, resources. 7. An agreement between more than two nations. A) Ethics. B) Multilateral agreement. C) Trade. D) Depreciate. Show Answer Correct Answer: B) Multilateral agreement. 8. A Vietnamese company has a factory in China. Profits from this plant will be included in Vietnam's GNI, but only in China's GDP. A) Purchasing power parity (PPP). B) Gross national income (GNI) per person. C) No answer. D) None of the above. Show Answer Correct Answer: B) Gross national income (GNI) per person. 9. Porter's Diamond model does NOT include which of the following as a determinant of national competitive advantage? A) Factor conditions. B) Demand conditions. C) Related and supporting industries. D) Exchange rate policies. Show Answer Correct Answer: D) Exchange rate policies. 10. What strategy is making sense when the firm faces strong pressures for cost reductions and demands for local responsiveness are minimal? A) Global standardization strategy. B) Localization strategy. C) Transnational strategy. D) International strategy. Show Answer Correct Answer: A) Global standardization strategy. 11. Mercosur is best described as: A) A customs union in South America. B) A currency union in West Africa. C) A free trade area in South Asia. D) An economic partnership in the Middle East. Show Answer Correct Answer: A) A customs union in South America. 12. Refers to the unrestricted flow of goods, services, and productive resources between countries A) Free trade. B) Balance of trade. C) Trade surplus. D) Trade deficit. Show Answer Correct Answer: A) Free trade. 13. Firms competing in the global market face two pressures. What are they? A) Fixed and variable cost reduction. B) Localization and distribution. C) Cost reduction and localization. D) Cost increase and price increase. Show Answer Correct Answer: C) Cost reduction and localization. 14. The attitudes and behavior that are characteristic of a particular social group or organization( this can include religion, language, customs, traditions, food and etc.) A) Trade. B) Tariff. C) Culture. D) Export. Show Answer Correct Answer: C) Culture. 15. How can businesses mitigate the risk of government takeovers? A) Implementing a diversified ownership structure, fostering positive relationships with government officials, adhering to regulations, and ensuring transparency in operations. B) Ignoring regulations and operating in secrecy. C) Having a single owner with majority control. D) Bribing government officials for protection. Show Answer Correct Answer: A) Implementing a diversified ownership structure, fostering positive relationships with government officials, adhering to regulations, and ensuring transparency in operations. 16. Why does IMF conditionality often require countries to undertake reforms? A) To encourage belt-tightening and push governments to embark on reforms they might not have otherwise undertaken. B) To increase greenhouse gas emissions. C) To promote peace treaties. D) To regulate international trade. Show Answer Correct Answer: A) To encourage belt-tightening and push governments to embark on reforms they might not have otherwise undertaken. 17. These are typically found in airports & seaports and do not follow the regular trade customs and are considered duty-free A) Free-trade zones. B) Free-trade agreements. C) Non-tariff alliances. D) Common markets. Show Answer Correct Answer: A) Free-trade zones. 18. ..... refer(s) to systematic reductions in production costs that have been observed to occur over the life of a product. A) Economies of scale. B) Location economies. C) Production possibility. D) Experience curve. Show Answer Correct Answer: D) Experience curve. 19. Which one of these is not part of a '5C' analysis? A) Customers. B) Curry. C) Company. D) Climate. Show Answer Correct Answer: B) Curry. 20. Countries benefit from lower-cost products because of open trade. A) Absolute Advantage. B) Comparative Advantage. C) HO Theory. D) Factor Price Equalization. Show Answer Correct Answer: A) Absolute Advantage. 21. A localization strategy focuses on tailoring products and marketing strategies to fit the needs of each local market. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 22. What do supporters of globalization believe is the best way for poor nations to improve their situation? A) Increase barriers to trade and investment. B) Implement economic policies based on free market economies. C) Continue incurring debt under totalitarian regimes. D) Restrict foreign investment and trade. Show Answer Correct Answer: B) Implement economic policies based on free market economies. 23. What is a key benefit of customized experiences in global localization? A) Decreased customer satisfaction. B) Improved customer satisfaction. C) Increased production costs. D) Reduced market share. Show Answer Correct Answer: B) Improved customer satisfaction. 24. Zero-sum game is a 'win-lose' situation A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. During consultations in the WTO process, parties primarily aim to do what? A) Suspend all market access. B) Request immediate appellate review. C) Resolve differences themselves. D) Negotiate punitive tariffs quickly. Show Answer Correct Answer: C) Resolve differences themselves. ← 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