This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 67 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 67 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The social behavior and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups. A) Customs. B) Beliefs. C) Culture. D) Cultural Norms. Show Answer Correct Answer: C) Culture. 2. International business is also known as A) Globalisation. B) Privatization. C) Domestic. D) Multinational. Show Answer Correct Answer: A) Globalisation. 3. Foreign direct investment can provide a foreign company:new markets and marketing channels. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. Which company is given as an example of successively entering countries characterized by greater cultural or institutional distance? A) Honda. B) Ikea. C) Toyota. D) Samsung. Show Answer Correct Answer: B) Ikea. 5. With what goal was NAFTA established? A) Increase trade and economic development. B) Military strengthening between countries. C) Reduce illegal immigration. D) Political reform. Show Answer Correct Answer: A) Increase trade and economic development. 6. Collusion refers to: A) Firms working independently to increase competition. B) Collective attempts between competing firms to reduce competition. C) Firms merging to create a monopoly. D) Firms competing for market share. Show Answer Correct Answer: B) Collective attempts between competing firms to reduce competition. 7. Post shipment credit is given for exports on deferred payments terms for the period of A) One year. B) Two years. C) Three years. D) None. Show Answer Correct Answer: A) One year. 8. Globalization has allowed firms to expand into markets that, until recently, were insulated from the international marketplace. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 9. What are the characteristics of a centralized exporter? A) Primarily focused on exporting from the home country. B) Emphasizes local responsiveness. C) Develops a global network of specialized units. D) Replicates the home country business model. Show Answer Correct Answer: A) Primarily focused on exporting from the home country. 10. Producers in Mexico lost their jobs after participating NAFTA A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 11. Which dispute-resolution method do parties agree to as an alternative to litigation? A) Arbitration under agreed procedures. B) Mediation conducted by national courts. C) Administrative review by customs. D) Public trial in the importer's forum. Show Answer Correct Answer: A) Arbitration under agreed procedures. 12. Airway Bill is same as which of the following documents when goods are sent through air instead of ship? A) Bill of Entry. B) Mate's receipt. C) Bill of Lading. D) None of these. Show Answer Correct Answer: C) Bill of Lading. 13. Which is NOT a positive adjective about a drink? A) Crunchy. B) Fizzy. C) Delicious. D) Wonderful. Show Answer Correct Answer: A) Crunchy. 14. Which type of situational analysis concentrates specifically on competitor based challenges and activities? A) Porter's 5 Forces. B) SWOT. C) 3C. D) 5C. Show Answer Correct Answer: A) Porter's 5 Forces. 15. What is the balance of payments? A) The difference between the amount of money that flows into a country and the amount that goes out. B) The difference between a country's total imports and total exports. C) When a country exports more than it imports. D) When a country imports more than it exports. Show Answer Correct Answer: A) The difference between the amount of money that flows into a country and the amount that goes out. 16. What are the implications of currency fluctuations for international businesses? A) They simplify financial planning for international operations. B) Currency fluctuations only benefit exporters. C) They can affect pricing, profit margins, and competitiveness in foreign markets. D) Currency fluctuations have no impact on international transactions. Show Answer Correct Answer: C) They can affect pricing, profit margins, and competitiveness in foreign markets. 17. Which of the following is a factor in the cultural environment? A) Language and history. B) Economic policies. C) Government regulations. D) Technological infrastructure. Show Answer Correct Answer: A) Language and history. 18. Yang bukan menjadi kelebihan Surat Hutang Internasional dibandingkan dengan yang regional adalah ..... A) Regulasi yang lebih longgar. B) Syarat pengakuan aset yang lebih ringan. C) Suku Bunga / Kupon yang lebih tinggi. D) Tingkat Pajak yang lebih baik. Show Answer Correct Answer: C) Suku Bunga / Kupon yang lebih tinggi. 19. The percentage increase in net profits over time measures: A) Capital return. B) Profitablity. C) Net profit. D) Profit growth. Show Answer Correct Answer: D) Profit growth. 20. Each of the following will have an important impact on a nation's economic conditions EXCEPT: A) The nation's capital resources. B) The language spoken by its workers. C) The literacy rates and training of its workers. D) The types of technology used by its workers. Show Answer Correct Answer: B) The language spoken by its workers. 21. What is the main focus of Long-Term vs. Short-Term Orientation in international business? A) Long-term planning and perseverance versus immediate gratification and traditions. B) The balance between individual achievement and group harmony. C) The preference for hierarchical structures over egalitarian ones. D) The importance of direct versus indirect communication styles. Show Answer Correct Answer: A) Long-term planning and perseverance versus immediate gratification and traditions. 22. A ..... is a restriction on the amount of goods that can be imported into a country. A) Tariff. B) Quota. C) Embargo. D) Non of the above. Show Answer Correct Answer: B) Quota. 23. How does the economic environment influence trade patterns? A) The economic environment shapes trade patterns by affecting demand, pricing, and government policies. B) Trade patterns are solely determined by cultural factors. C) Economic conditions only affect local markets, not trade. D) The economic environment has no impact on trade patterns. Show Answer Correct Answer: A) The economic environment shapes trade patterns by affecting demand, pricing, and government policies. 24. Which logistics company handles more Christmas parcels than any other courier? A) UPS. B) DHL. C) FedEx. D) Royal Mail. Show Answer Correct Answer: A) UPS. 25. Making, buying, and selling goods and services within a country is called A) International business. B) Global dependency. C) Domestic business. D) None of these. Show Answer Correct Answer: C) Domestic business. ← 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