This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 70 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 70 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. UNIT 3:ABOUT WHERE YOU WORK'dialogue'There are ..... good restaurants ..... Start Street. A) Some/where. B) Any/in. C) Some/in. D) Some/on. Show Answer Correct Answer: C) Some/in. 2. Movement of goods and services through different countries and their markets, whether internal or external A) Trade. B) Business. C) Tourism. D) None of the above. Show Answer Correct Answer: A) Trade. 3. What is a key reason for choosing a wholly owned Greenfield or full acquisition in market-oriented FDI? A) Need for speed. B) Reducing local resources. C) Avoiding replication of capabilities. D) Decreasing industry supply. Show Answer Correct Answer: A) Need for speed. 4. Which factor is considered a political barrier in international trade? A) The efficiency of production processes. B) The relative stability of countries. C) The availability of natural resources. D) The exchange rates between different currencies. Show Answer Correct Answer: B) The relative stability of countries. 5. When you a receive a business card in this country, nod your head as a gesture of respect and thank the person. It is then appropriate to put the card away immediately. This country is known for its rise from one of the poorest countries to a developed country, known as Miracle on the Han River. A) South Korea. B) North Korea. C) China. D) None of the above. Show Answer Correct Answer: A) South Korea. 6. 2) Which of the following best defines international business? A) It includes all economic flows between two or more countries. B) It includes all private economic flows between two or more countries. C) It includes all business transactions involving two or more countries. D) It includes all business transactions in countries other than your home country. Show Answer Correct Answer: C) It includes all business transactions involving two or more countries. 7. The 'Demonstration Effect' in the context of MNCs refers to: A) MNCs protesting against the government. B) Local firms observing and adopting superior technologies/practices from MNCs. C) MNCs showing off their profits to shareholders. D) Customers demonstrating new products in stores. Show Answer Correct Answer: B) Local firms observing and adopting superior technologies/practices from MNCs. 8. Which organizational structure is appropriate for a localization strategy? A) Global functional structure. B) Geographic area structure. C) Global product division structure. D) Global matrix structure. Show Answer Correct Answer: B) Geographic area structure. 9. The value of all monetary transactions between a country's economy and the rest of the world. A) Balance of Trade. B) Trade Deficit. C) Balance of Payments. D) Trade Surplus. Show Answer Correct Answer: C) Balance of Payments. 10. One potential disadvantage for a country of encouraging a multinational business to set up is that: A) Jobs might be lost in existing national businesses. B) Tax revenue to the government will fall. C) These companies never export any products from the countries they operate in. D) Costs of production are likely to be high and this will raise prices. Show Answer Correct Answer: A) Jobs might be lost in existing national businesses. 11. The difference between import tariffs and quotas is: A) Tariffs are a tax on locally produced goods but quotas limit the quantity of imports. B) Tariffs are a tax on imports and quotas are a tax on exports. C) Tariffs are a tax on imports and quotas limit the quantity of imports. D) Tariffs are a tax on all products but quotas just limit the quantity of imports. Show Answer Correct Answer: C) Tariffs are a tax on imports and quotas limit the quantity of imports. 12. What is a driving trend in global business strategies? A) Decreased interest in foreign markets. B) Focus on single-market dominance. C) Digital transformation and sustainability. D) None of the above. Show Answer Correct Answer: C) Digital transformation and sustainability. 13. Globalization refers to the shift toward a more ..... and interdependent world economy A) Sophisticated. B) Integrated. C) Lucrative. D) Subjective. Show Answer Correct Answer: B) Integrated. 14. Which is not an Indian Multinational Company? A) Unilever. B) Asian Paints. C) Piramal. D) Wipro. Show Answer Correct Answer: A) Unilever. 15. ..... involves selecting global investment instruments as part of a geographically diversified portfolio A) International investment. B) International firm. C) Globalisation. D) Liberalisation. Show Answer Correct Answer: A) International investment. 16. Opportunities exapanding for company workforce is an ADVANTAGE of international business A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 17. The NIKKEI Stock Market is located in this country. A) Singapore. B) Japan. C) Vietnam. D) None of the above. Show Answer Correct Answer: B) Japan. 18. In relation to the PESTEL framework, which of the following statements is correct? A) It assists in the assessment of organizational strengths and weaknesses. B) It allows a detailed analysis of the structure of an industry. C) It can be used as a checklist to understand the different environmental influences in the macro environment. D) It can be used as a checklist to understand the different environmental influences in the macro environment. Show Answer Correct Answer: C) It can be used as a checklist to understand the different environmental influences in the macro environment. 19. Continually rising prices are one sign of a healthy economy. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 20. A nation's transportation, communication, and utility systems are part of its ..... A) Scientific resources. B) Natural resources. C) Infrastructure. D) Human resources. Show Answer Correct Answer: C) Infrastructure. 21. In game theory, what is a prisoners' dilemma? A) A situation where only one party benefits. B) A type of game in which the outcome depends on two parties deciding whether to cooperate or defect. C) A game where all parties always cooperate. D) A game with no strategic decisions. Show Answer Correct Answer: B) A type of game in which the outcome depends on two parties deciding whether to cooperate or defect. 22. The Heckscher-Ohlin model is principally focused on what aspect of economics? A) International trade. B) Supply and demand. C) Normative economics. D) Production possibility frontier. Show Answer Correct Answer: A) International trade. 23. In Japan, what Christmas Eve tradition is so popular that people pre-order it weeks in advance? A) Eating sushi platters. B) Going to karaoke. C) Eating KFC. D) Exchanging lucky charms. Show Answer Correct Answer: C) Eating KFC. 24. How might tariffs impact economic growth in the short term? A) They always boost economic growth. B) They can lead to higher prices and reduced consumption. C) They have no impact on economic growth. D) They guarantee increased employment. Show Answer Correct Answer: B) They can lead to higher prices and reduced consumption. 25. Which of the following is not an advantage of exporting? A) Easier way to enter into international business. B) Comparatively lower risks. C) Limited presence in foreign markets. D) Less investment requirements. Show Answer Correct Answer: C) Limited presence in foreign markets. ← 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