This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 68 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 68 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The British term for the trading of tangible goods is ..... A) Visible trade. B) Invisible trade. C) Merchandising. D) Service franchising. Show Answer Correct Answer: A) Visible trade. 2. Apa tujuan utama arsitektur organisasi dalam bisnis internasional? A) Meningkatkan efisiensi operasional. B) Mengurangi kehadiran global perusahaan. C) Meningkatkan tingkat persaingan di pasar lokal. D) Memperluas wilayah geografis perusahaan. Show Answer Correct Answer: A) Meningkatkan efisiensi operasional. 3. The followings are true about Mercantilism EXCEPT: A) It believes that national prosperity is the result of a positive balance of trade. B) It lead to a situation of zero sum game for some nations. C) The mercantilist government see import as good and export as bad. D) Mercantilist countries colonized other countries to gain resources and market finished goods. Show Answer Correct Answer: C) The mercantilist government see import as good and export as bad. 4. Which of the following is a dimension of Hofstede's cultural values? A) Economic growth. B) Power distance. C) Market competition. D) Technological advancement. Show Answer Correct Answer: B) Power distance. 5. A global web is created when different stages of a value chain are dispersed to locations where value added is maximizedbor where the costs of value creation are minimized A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 6. The speaker mentioned that the UK, the Netherlands, and Germany have similar senses of humor. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 7. What is the function of the Export-Import Bank of the United States? A) To create competitive advantage on a worldwide basis. B) To assist in financing the exports of American firms. C) To provide loans to developing countries. D) To make short-term loans to developing countries. Show Answer Correct Answer: B) To assist in financing the exports of American firms. 8. The first step in preparing for negotiations is ( ). A) Mining the critical information from different resources. B) Knowing a particular executive's background, hobbies, and family status. C) Designing agenda for negotiation. D) Sizing up the probable goal and preferences of your counterpart's analysis of data. Show Answer Correct Answer: A) Mining the critical information from different resources. 9. What skills are required for international business? A) Understanding diverse business practices, laws, economies, and cultures. B) Understanding domestic business practices only. C) Understanding technology and capital. D) Understanding physical goods and services. Show Answer Correct Answer: A) Understanding diverse business practices, laws, economies, and cultures. 10. Which of these countries do we have an embargo with? A) Canada. B) Cuba. C) Mexico. D) Germany. Show Answer Correct Answer: B) Cuba. 11. The speaker states that the French have a preference for organization but encounter difficulties due to internal politics. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 12. The government takeover of a foreign-owned business is called A) Expropriation. B) Protectionism. C) Political Status. D) Boycott. Show Answer Correct Answer: A) Expropriation. 13. The theory of comparative advantage provides strong rationale for supporting the idea of ..... A) Business nationalism. B) Free trade. C) Protectionism. D) Governmental intervention in trade. Show Answer Correct Answer: B) Free trade. 14. Comparative advantage theory was proposed by ..... in 1817 A) Adam Smith. B) John Dunning. C) Eli Hecksher. D) David Ricardo. Show Answer Correct Answer: D) David Ricardo. 15. What is exporting? A) Purchasing raw materials or products in other nations and bringing them into one's own country. B) Selling or shipping raw materials or products to other nations. C) The process of finding outside vendors and suppliers that provide professional help. D) An arrangement in which one firm contracts with another business to manufacture products. Show Answer Correct Answer: B) Selling or shipping raw materials or products to other nations. 16. Which Christmas film earned more from merchandise than from its theatrical release? A) Home Alone. B) The Grinch (2018). C) The Polar Express. D) Elf. Show Answer Correct Answer: C) The Polar Express. 17. What is 'Open to Export'? A) A government initiative to promote exports. B) A platform for businesses to learn about exporting. C) A financial service for exporters. D) A trade agreement between countries. Show Answer Correct Answer: B) A platform for businesses to learn about exporting. 18. What type of decision-making is centralized? A) Decisions made by employees. B) Decisions made at headquarters. C) Decisions made at lower levels. D) Decisions made by customers. Show Answer Correct Answer: B) Decisions made at headquarters. 19. Domestic laws MUST be followed by foreign marketers A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 20. A common law legal system reflects three elements except A) Tradition. B) Usage. C) Morality. D) Precedent. Show Answer Correct Answer: C) Morality. 21. The study of a population based on factors such as age, race, and sex. A) Consumer Behavior. B) Transitional Movement. C) Distribution. D) Demographics. Show Answer Correct Answer: D) Demographics. 22. Mercantilism views international trade as a 'Zero-Sum Game.' This means: A) Both countries benefit equally from trade. B) Trade is free from government intervention. C) One country's gain is necessarily another country's loss. D) The total value of trade always equals zero. Show Answer Correct Answer: C) One country's gain is necessarily another country's loss. 23. What does PESTEL analysis refer to in the context of international business? A) People, Environment, Society, Technology, Economy, Law. B) Political, Economic, Social, Technological, Ecological, Legal. C) Political, Economic, Social, Technological, Environmental, Linguistic. D) Public, Economic, Social, Technological, Ecological, Legal. Show Answer Correct Answer: B) Political, Economic, Social, Technological, Ecological, Legal. 24. Globalisation was adopted by India during A) 1991. B) 1992. C) 1993. D) 1994. Show Answer Correct Answer: A) 1991. 25. What is NOT a presentation skill? A) Putting your hands behind your back. B) Using gestures when you speak. C) Making strong eye contact. D) Speaking loudly and clearly. Show Answer Correct Answer: A) Putting your hands behind your back. ← 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