This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 65 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 65 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Transnational firms aim to balance: A) Global efficiency and local responsiveness. B) Cost control and cost duplication. C) Product specialization and function-based coordination. D) Regional control and single ownership. Show Answer Correct Answer: A) Global efficiency and local responsiveness. 2. Which of the following is NOT a form of political risk in international business? A) Political instability. B) Expropriation. C) Currency devaluation. D) Intellectual property theft. Show Answer Correct Answer: D) Intellectual property theft. 3. The Triad refers to global transactions between which regions? A) The US, China, and India. B) The US, Japan, and the European Union. C) The US, Canada, and Mexico. D) The US, Brazil, and Russia. Show Answer Correct Answer: B) The US, Japan, and the European Union. 4. UNIT 1:ABOUT YOUVocabulary:a/anWe're a ..... company. A) Manufacturing. B) Insurance. C) Electrical. D) Automotive. Show Answer Correct Answer: A) Manufacturing. 5. The speaker described the typical British sense of humor as slapstick and exaggerated. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 6. Which company is ranked number one among the top 10 global franchises by system sales? A) KFC. B) McDonald's. C) Subway. D) Burger King. Show Answer Correct Answer: B) McDonald's. 7. What is the primary advantage of a matrix organizational structure for multinational firms? A) It enhances coordination across both product and geographic dimensions. B) It eliminates managerial conflict by design. C) Every manager has a single, clear reporting line. D) It always has lower administrative overhead than functional structures. Show Answer Correct Answer: A) It enhances coordination across both product and geographic dimensions. 8. David Ricardo's theory of comparative advantage explains global trade in terms of the ..... A) First mover advantage that certain countries and firms enjoy. B) Geographical differences between various countries. C) International differences in labor productivity. D) Late mover advantage that certain countries and firms possess. Show Answer Correct Answer: C) International differences in labor productivity. 9. Bagaimana biaya produksi lokal mempengaruhi keputusan perusahaan dalam memilih sumber pasokan? A) Biaya produksi lokal yang rendah mendorong perusahaan untuk memilih pasokan dalam perusahaan. B) Biaya produksi lokal yang tinggi mendorong perusahaan untuk mencari pemasok asing. C) Biaya produksi lokal tidak mempengaruhi keputusan perusahaan dalam memilih sumber pasokan. D) Semua jawaban salah. Show Answer Correct Answer: A) Biaya produksi lokal yang rendah mendorong perusahaan untuk memilih pasokan dalam perusahaan. 10. Italy has more paid time off than Norway A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 11. What is the definition of globalization? A) Globalization is the term used to describe the decline of international trade and communication. B) Globalization is the concept of promoting cultural diversity and preserving local traditions. C) Globalization refers to the process of isolating and separating countries from each other. D) The definition of globalization is the increasing interconnectedness and interdependence among countries. Show Answer Correct Answer: D) The definition of globalization is the increasing interconnectedness and interdependence among countries. 12. The South African government tries to reduce inequality and the concentration of power through A) Regressive taxes. B) Salary increase. C) Gender equality. D) Progressive Taxes. Show Answer Correct Answer: D) Progressive Taxes. 13. *Originating from the 1960s as part of the Toyota Production System, ..... aims to create fail-safes and prevent human error where possible. It's usually a mechanism or added step built into the process to alert the operator of a mistake that needs immediate corrective or preventive action. A) Muri. B) Just in time. C) Poka Yoke. D) None of the above. Show Answer Correct Answer: C) Poka Yoke. 14. What is a stock index? A) A measure of the stock market's performance. B) A type of stock. C) A financial institution. D) A government bond. Show Answer Correct Answer: A) A measure of the stock market's performance. 15. Needs that exist when the tastes and preferences of consumers in different nations are similar if not identical are called Universal needs A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. Which of the following is not an advantage of exporting?(a) Easier way to enter into international markets(b) Comparatively lower risks(c) Limited presence in foreign markets(d) Less investment requirements A) Easier way to enter into international markets. B) Comparatively lower risks. C) Limited presence in foreign markets. D) Less investment requirements. Show Answer Correct Answer: D) Less investment requirements. 17. A country should produce a commodity in which it has the greatest advantage. A) Absolute Advantage. B) Comparative Advantage. C) HO Theory. D) Factor Price Equalization. Show Answer Correct Answer: B) Comparative Advantage. 18. Which of the following companies is MOST LIKELY to adopt a geographic-based structure? A) Coca-Cola. B) Tesla. C) Google. D) Toyota. Show Answer Correct Answer: A) Coca-Cola. 19. What type of economy is characterized by government control over resources? A) Traditional Economy. B) Mixed Economy. C) Command Economy. D) Market Economy. Show Answer Correct Answer: C) Command Economy. 20. Which makes foreign goods costlier in terms of the domestic currency and thus it discourages imports A) Revaluation. B) Devaluation. C) Realisation. D) Inflation. Show Answer Correct Answer: B) Devaluation. 21. What does the concentration ratio measure in an industry? A) The percentage of total industry sales accounted for by the top firms. B) The average price of products in the industry. C) The total number of firms in the industry. D) The annual growth rate of the industry. Show Answer Correct Answer: A) The percentage of total industry sales accounted for by the top firms. 22. International business is: A) All activities needed to create, ship and sell products across international borders. B) Making, buying, and selling products within a country. C) Refers to a world economy with movement of products and labor across international borders. D) None of the above. Show Answer Correct Answer: A) All activities needed to create, ship and sell products across international borders. 23. Which of the following is one of the four attributes present in Porter's diamond? A) Economies of scale. B) Factor endowments. C) Structural innovation. D) Procedural innovation. Show Answer Correct Answer: B) Factor endowments. 24. Income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes is known as . A) Disposable Income. B) Net Income. C) Wealth Index. D) Consumer Preferences. Show Answer Correct Answer: A) Disposable Income. 25. Economies that arise from performing a value creation activity in the optimal place for that activity are referred to as: A) Factor economies. B) Production economies. C) Location economies. D) Value creation economies. Show Answer Correct Answer: C) Location economies. ← 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