This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 63 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 63 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What does 'comparative advantage' mean in international business? A) Having the worst technology. B) Producing goods at a higher cost. C) Producing goods more efficiently than other countries. D) Limited market reach. Show Answer Correct Answer: C) Producing goods more efficiently than other countries. 2. What is one advantage of regional economic integration? A) It brings together groups of likeminded countries, making negotiation easier. B) It eliminates all tariffs globally. C) It guarantees equal export opportunities for all countries. D) It removes the need for trade agreements. Show Answer Correct Answer: A) It brings together groups of likeminded countries, making negotiation easier. 3. When your exports are less than your imports, this exists? A) Trade deficit. B) Trade surplus. C) All the above. D) None of the above. Show Answer Correct Answer: A) Trade deficit. 4. What is a multinational corporation? A) A partnership formed to create competitive advantage on a worldwide basis. B) A firm that operates on a worldwide scale without ties to any specific nation. C) An international organization of nations dedicated to reducing tariffs. D) An independent agency of the U.S. government. Show Answer Correct Answer: B) A firm that operates on a worldwide scale without ties to any specific nation. 5. What are the potential consequences of political instability on international business operations? A) Political instability can lead to increased market opportunities. B) It may result in supply chain disruptions, increased risks, and potential loss of investments. C) It guarantees stable business operations in foreign markets. D) Political instability has no impact on international business. Show Answer Correct Answer: B) It may result in supply chain disruptions, increased risks, and potential loss of investments. 6. One indicator of globalization is: A) Decrease in international tourism. B) Decline of MNCs. C) Increase in cross-border trade. D) Limited internet access. Show Answer Correct Answer: C) Increase in cross-border trade. 7. Purchasing the right to use a company name or business process in a specific way ex. McDonald's, Burger King, KFC and Pizza Hut * * A) Licensing. B) Joint venture. C) Franchising. D) Infrastructure. Show Answer Correct Answer: C) Franchising. 8. National Competitive advantage trade theory corresponds with A) Factor endournment. B) Mercantilism. C) All the above. D) None of the above. Show Answer Correct Answer: A) Factor endournment. 9. What is one major advantage of globalization for businesses? A) Increased production costs. B) Reduced market competition. C) Access to larger markets and resources. D) Limitation on technology transfer. Show Answer Correct Answer: C) Access to larger markets and resources. 10. Selling goods abroad A) Export. B) Import. C) All the above. D) None of the above. Show Answer Correct Answer: A) Export. 11. What is the main difference between a distributor and a sales agent? A) Distributors buy the products, while sales agents receive a commission on sales. B) Distributors manufacture products, while sales agents sell them. C) Distributors provide services, while sales agents provide goods. D) Distributors only work locally, while sales agents work internationally. Show Answer Correct Answer: A) Distributors buy the products, while sales agents receive a commission on sales. 12. Bagaimana tarif ad valorem dikenakan? A) Sebagai tarif tetap per unit barang yang diimpor. B) Sebagai persentase dari proporsi barang yang diimpor. C) Sebagai tarif tetap untuk semua jenis barang yang diimpor. D) Sebagai diskon untuk barang impor. Show Answer Correct Answer: B) Sebagai persentase dari proporsi barang yang diimpor. 13. Location, climate, terrain, waterways, and natural resources refer to which factor of the international business environment? A) Geographic. B) Economic. C) Political and legal. D) Cultural and social. Show Answer Correct Answer: A) Geographic. 14. What challenges might a business face when expanding to a foreign planet? A) Understanding the alien culture and business practices. B) Finding a suitable location for the business. C) Getting approval from the Earth government. D) Transporting goods and services to the foreign planet. Show Answer Correct Answer: A) Understanding the alien culture and business practices. 15. The simultaneous sale of spot currency for the forward purchase of the same currency is called as A) Arbitrage. B) Forward. C) Swap. D) Option. Show Answer Correct Answer: C) Swap. 16. ..... Means rapid increase in the shares of economic activities taking place across national border A) Liberalisation. B) Privatization. C) Socialization. D) Globalisation. Show Answer Correct Answer: D) Globalisation. 17. What is an Import Tariff? A) A policy to restrict the export of goods from a country. B) A tax levied by a nation on goods imported into the country. C) A subsidy given to importers to encourage foreign trade. D) A trade agreement between two nations to reduce import taxes. Show Answer Correct Answer: B) A tax levied by a nation on goods imported into the country. 18. What is the main purpose of international trade? A) Allow countries to obtain good and services they cannot efficiently produce. B) To increase government control over trade. C) To limit competition between nations. D) To reduce global economic cooperation. Show Answer Correct Answer: A) Allow countries to obtain good and services they cannot efficiently produce. 19. 24) A company starting out with a global focus, usually because of the international experience of its founders, is called a ..... A) Multinational enterprise. B) Transnational company. C) Strategically allied company. D) Born-global company. Show Answer Correct Answer: D) Born-global company. 20. In which country would you be if you ordered a Sweet Potato QQ Balls in KFC? A) Sweden. B) Peru. C) New Zealand. D) Taiwan. Show Answer Correct Answer: D) Taiwan. 21. Comparative Cost Trade Theory is given by A) Adam Smith. B) David Ricardo. C) Gottfried Haberle. D) Heckscher Ohlin. Show Answer Correct Answer: B) David Ricardo. 22. How many EPCs are working at present in India? A) 20. B) 21. C) 22. D) 23. Show Answer Correct Answer: B) 21. 23. Is the following an advantage or a disadvantage of international business locations?"*Lower labour costs" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: A) Advantage. 24. Australia's top company revenue earner in 2015 was ..... A) Woolworths. B) Wesfarmers. C) Westpac. D) Walmart. Show Answer Correct Answer: B) Wesfarmers. 25. Apa yang sering menjadi kenyataan dari subsidi dalam praktiknya? A) Melindungi sektor yang efisien dan mempromosikan produksi berlebih. B) Meningkatkan daya saing internasional. C) Melindungi sektor yang tidak efisien dan mempromosikan produksi berlebih. D) Menambah biaya produksi akhir. Show Answer Correct Answer: C) Melindungi sektor yang tidak efisien dan mempromosikan produksi berlebih. ← 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