This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 62 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 62 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. It is acceptable to ridicule the religion, customs and beliefs of other cultures. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 2. The Economic Freedom Index indicates that economic freedom is positively correlated with all of the following EXCEPT ..... A) Life expectancy. B) Literacy. C) Environment sustainability. D) Diversity. Show Answer Correct Answer: D) Diversity. 3. Which of the following is a characteristic of 'global cities'? A) Cities with low interconnectedness. B) Cities with high interconnectedness and cosmopolitanism. C) Cities with poor infrastructure. D) Cities with limited producer services. Show Answer Correct Answer: B) Cities with high interconnectedness and cosmopolitanism. 4. Chargeable weight es ..... A) El peso total de la carga. B) El precio de la carga. C) El peso tarifado. D) El precio tarifado. Show Answer Correct Answer: C) El peso tarifado. 5. How many types of common clause patterns mentioned before? A) Five. B) Three. C) Two. D) Four. Show Answer Correct Answer: D) Four. 6. How can cultural differences influence negotiation styles? A) Cultural differences have no impact on negotiation styles. B) Cultural differences influence negotiation styles by affecting communication, hierarchy, conflict resolution, and relationship priorities. C) All cultures prioritize relationships equally in negotiations. D) Negotiation styles are solely determined by individual personality traits. Show Answer Correct Answer: B) Cultural differences influence negotiation styles by affecting communication, hierarchy, conflict resolution, and relationship priorities. 7. What is a trade barrier? A) A business that facilitates trade. B) A financial loan to a business. C) A government policy that restricts international trade. D) A special export company. Show Answer Correct Answer: C) A government policy that restricts international trade. 8. Company gives the right to use the property to another company in a new market in exchange for a fee A) Exporting. B) Licensing. C) Joint venture. D) None of the above. Show Answer Correct Answer: B) Licensing. 9. Which Christmas song was the first to be broadcast from space? A) Silent Night. B) Jingle Bells. C) White Christmas. D) Deck the Halls. Show Answer Correct Answer: B) Jingle Bells. 10. What is the main reason for the growth of international business? A) Market Expansion. B) Resource Acquisition. C) Technological changes. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. What is a key aspect of the International Business Environment? A) Weather patterns. B) Cultural differences. C) Local cuisine. D) Transportation methods. Show Answer Correct Answer: B) Cultural differences. 12. Foreign direct investment can provide a foreign company:Cheaper production facilities, access to new technologies, products, skills and financing. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 13. If a country has a highly eductated population, advanced technology, and focuses on international business and foreign trade, that country is considered to be: A) Industrialized. B) Less-Developed. C) Developing. D) None of the above. Show Answer Correct Answer: A) Industrialized. 14. Data that has already been collected and published is known as ..... A) New product development. B) Marketing Research. C) Primary Data. D) Secondary Data. Show Answer Correct Answer: D) Secondary Data. 15. A situation in which a country specializes in the production of a good or service at which it is relatively more efficient? A) Absolute advantage. B) Concerning advantage. C) Comparative advantage. D) Available advantage. Show Answer Correct Answer: C) Comparative advantage. 16. A company is worried that about exchange rate would need to consider which component of the international business environment? A) Political. B) Environmental. C) Economic. D) Social. Show Answer Correct Answer: C) Economic. 17. The socioeconomic reform process of eliminating trade, investment, information technology, and cultural and political barriers access countries, which in turn can lead to increased economic growth and geopolitical integration and interdependence among nations of the world. A) Globalization. B) Liberalization. C) International Business. D) Trade. Show Answer Correct Answer: A) Globalization. 18. Which factor might influence the choice of a market to operate in? A) Type of product. B) Local cuisine. C) Climate. D) Language barriers. Show Answer Correct Answer: A) Type of product. 19. Which of the following is an example of signalling through entry of new markets? A) Filing an anti-dumping complaint. B) Big 4 brewers in Central and Eastern Europe seeking mutual forbearance. C) Announcing a price increase in the media. D) Forming a joint venture. Show Answer Correct Answer: B) Big 4 brewers in Central and Eastern Europe seeking mutual forbearance. 20. A US company can obtain political risk insurance on its export shipments from A) The US Dept of Agriculture. B) The Export-Import Bank of the United States. C) The Overseas Private Investment Corporation. D) Free-trade agreements. Show Answer Correct Answer: B) The Export-Import Bank of the United States. 21. Great companies solve problems that matter like: A) 1. Refreshing Time Away-from-it-all2. Productivity over presence. B) 1. FOCUS ON THE AREA THAT'S HOLDING YOU BACK2. BE WILLING TO PAY FOR GREAT TALENT3. DON'T MAKE FEAR-BASED DECISIONS4. UNDERSTAND THE RULES. C) 1.Enrichment (outside of money)2.Health Options. D) None of the above. Show Answer Correct Answer: B) 1. FOCUS ON THE AREA THAT'S HOLDING YOU BACK2. BE WILLING TO PAY FOR GREAT TALENT3. DON'T MAKE FEAR-BASED DECISIONS4. UNDERSTAND THE RULES. 22. Which stage of going global includes companies moving their production of a specific product to an inexpensive location? A) Value chain re-engineering. B) Creation of new markets. C) Value chain disaggregation. D) Product specialization. Show Answer Correct Answer: D) Product specialization. 23. What is a balance of trade? A) When the value of imports exceeds the value of exports. B) When the value of imports is equal to the value of exports. C) When the value of exports exceeds the value of imports. D) When the value of money exceeds the amount of goods and services trade. Show Answer Correct Answer: B) When the value of imports is equal to the value of exports. 24. TRIPS establishes standards for what? A) Mutual recognition of product standards. B) Customs valuation for imports. C) Scheduling commitments in services. D) Copyrights, patents, trademarks. Show Answer Correct Answer: D) Copyrights, patents, trademarks. 25. A foreign currency swap is simply an agreement between two parties to exchange one currency for another at a yet-to-be-determined future date but at a specified exchange ratio. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. ← 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