This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 66 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 66 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the main focus of International Business? A) To carry out transactions across national borders. B) To limit economic transactions within a country. C) To carry out transactions within the same country. D) To satisfy the objectives of individuals within the same country. Show Answer Correct Answer: A) To carry out transactions across national borders. 2. What is the approach where consequences determine the moral worth of actions or practices? A) Utilitarian. B) Kantian. C) All the above. D) None of the above. Show Answer Correct Answer: A) Utilitarian. 3. True or FalseJoint ventures are not very popular for manufacturing A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 4. By what other name is capitalism often referred? A) Parallel market. B) State market. C) Controlled market. D) Free market. Show Answer Correct Answer: D) Free market. 5. A tax that can be used as a trade barrier is the A) Personal tax. B) Excise tax. C) Value-added tax. D) Import duty tax. Show Answer Correct Answer: D) Import duty tax. 6. What is not one of the "principles of economics" formulated by Gregory Mankiw? A) People don't use rationality in the decision-making process. B) People face trade-offs. C) Rational people think at the margin. D) The cost of something is what you give up to get it. Show Answer Correct Answer: A) People don't use rationality in the decision-making process. 7. This country's largest companies include:Adidas, Bayer, and BMW. A) Germany. B) Mexico. C) France. D) None of the above. Show Answer Correct Answer: A) Germany. 8. When the value of export is greater than the value of import, it is called ..... ? A) Trade surplus. B) Trade deficit. C) Protectionism. D) None of the above. Show Answer Correct Answer: A) Trade surplus. 9. Which two countries joined the European Union in 2007? A) Bulgaria and Croatia. B) Bulgaria and Romania. C) Romania and Poland. D) Croatia and Slovenia. Show Answer Correct Answer: B) Bulgaria and Romania. 10. Explain the concept of comparative advantage in trade. A) Comparative advantage means producing everything in larger quantities. B) It focuses on maximizing profits regardless of opportunity costs. C) Comparative advantage is about equal distribution of resources among countries. D) Comparative advantage allows for increased overall efficiency and trade benefits by specializing in goods with lower opportunity costs. Show Answer Correct Answer: D) Comparative advantage allows for increased overall efficiency and trade benefits by specializing in goods with lower opportunity costs. 11. ''A stage of regional integration in which the member countries agree to adopt common tariff and nontariff barriers on imports from non-member countries" this statement is best explain on ..... A) Political union. B) Common market. C) Customs union. D) Economic union. Show Answer Correct Answer: C) Customs union. 12. Identify THREE entry strategies in Global Business from the options below. A) Exporting, Joint Ventures, Franchising. B) Exporting, Licensing, Importing. C) Franchising, Outsourcing, Merging. D) Licensing, Importing, Offshoring. Show Answer Correct Answer: A) Exporting, Joint Ventures, Franchising. 13. Which strategic goal is associated with seeking strong market demand and customers willing to pay? A) Market-seeking. B) Efficiency-enhancing. C) Capability-enhancing. D) Natural resource-seeking. Show Answer Correct Answer: A) Market-seeking. 14. What is a Trade Treaty? A) A network of entities involved in the production and distribution of goods and services. B) An investment made by a company in one country in commercial interests located in another country. C) A pact between two or more nations to facilitate and regulate trade and commerce. D) Communication between people from different cultures. Show Answer Correct Answer: C) A pact between two or more nations to facilitate and regulate trade and commerce. 15. What does LDC stand for in international trade barriers? A) Large Developed Countries. B) Less-Developed Countries. C) Local Domestic Companies. D) Long-Distance Commerce. Show Answer Correct Answer: B) Less-Developed Countries. 16. Which of the following is a form of trade barrier? A) Quota. B) Tarrif. C) Embargo. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Government-sponsored agencies that provide insurance or guarantees to protect exporters against the risk of non-payment from foreign buyers are called ..... A) Export Credit Agencies. B) Foreign Exchange Bureaus. C) Customs Authorities. D) Trade Promotion Councils. Show Answer Correct Answer: A) Export Credit Agencies. 18. What is a key component of an international marketing strategy? A) Generic advertising strategies. B) High production costs. C) Limited distribution channels. D) Market research and localization. Show Answer Correct Answer: D) Market research and localization. 19. It is the birth certificate of the goods being shipped and indicates the country of origin. A) Commercial invoice. B) Bill of Lading. C) Certificate of Origin. D) None of the above. Show Answer Correct Answer: C) Certificate of Origin. 20. Bagaimana keputusan produksi global dan pengelolaan rantai pasokan dapat mempengaruhi daya saing perusahaan global? A) Mengurangi ketergantungan pada teknologi informasi. B) Meningkatkan diversifikasi investasi perusahaan. C) Meningkatkan efisiensi operasional dan pengurangan biaya. D) Memperluas kebutuhan kerjasama dengan pemasok lokal. Show Answer Correct Answer: C) Meningkatkan efisiensi operasional dan pengurangan biaya. 21. Which one of the following is not a part of the export document A) Foreign Indent. B) Shipping order. C) Bill of Sight. D) Mates' receipt. Show Answer Correct Answer: C) Bill of Sight. 22. What does PESTEL analysis help managers with? A) All of the above. B) Building a better vision of the future business landscape. C) Understanding the opportunities and threats. D) Competing profitably. Show Answer Correct Answer: A) All of the above. 23. This country is bordered by Bangladesh, Bhutan, Burma, China, Nepal, and Pakistan. A) India. B) Iraq. C) Saudi Arabia. D) None of the above. Show Answer Correct Answer: A) India. 24. ..... occurs when a firm invests directly in facilities to produce and/or market a product in a foreign country. A) Foreign direct investment. B) Exporting. C) Importing. D) Fixed capital formation. Show Answer Correct Answer: A) Foreign direct investment. 25. Facilities and distribution strategy where the company sets up small logistics plants in urban areas to approximate the products to the customers A) Direct shipment. B) Micro-fulfillment. C) Cross-docking. D) Cross-docking. E) Dropshipping. Show Answer Correct Answer: B) Micro-fulfillment. ← 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