This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 71 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 71 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. WHO facilitates cooperation among countries around their shared challenges and concerns to achieve public health solutions. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 2. Which of the following is NOT a factor in the international business environment? A) Political and legal. B) Socialogical. C) Cultural and social. D) Geographic. Show Answer Correct Answer: B) Socialogical. 3. Business activities are needed to creating, shipping, and selling goods and services across national borders is ..... A) International Business. B) Domestic Business. C) Imports. D) Exports. Show Answer Correct Answer: A) International Business. 4. To localize A) Localiser. B) Globalize. C) Standardize. D) Translate. Show Answer Correct Answer: A) Localiser. 5. A person who buys products or services. A) Consumer. B) Currency. C) Culture. D) Negotiate. Show Answer Correct Answer: A) Consumer. 6. Defined as "the participation of two or more companies jointly in an enterprise in which each party contributes assets, owns the entity to some degree, and shares risk" . A) Wholly-owned subsidiary. B) Joint venture. C) All the above. D) None of the above. Show Answer Correct Answer: B) Joint venture. 7. A telephone operator is an example of a A) Service. B) Good. C) All the above. D) None of the above. Show Answer Correct Answer: A) Service. 8. What does a nation's balance of payments represent? A) The total amount of money a nation has in its treasury. B) The difference between the flow of money into and out of a country. C) The amount of money a nation owes to other countries. D) The total value of a nation's exports. Show Answer Correct Answer: B) The difference between the flow of money into and out of a country. 9. Countries that trade with one another usually have improved political relationships. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. It refers to the presence or absence of supplier industries and related industries that are internationally competitive. A) Factor Endowments. B) Demand Conditions. C) Related and Supporting Industries. D) None of the above. Show Answer Correct Answer: C) Related and Supporting Industries. 11. What is a key reason companies may avoid wholly owned subsidiaries in emerging markets? A) Too much profit. B) High operational autonomy. C) High risk and capital investment required. D) No legal permissions needed. Show Answer Correct Answer: C) High risk and capital investment required. 12. Mengapa cenderung sulit untuk menemukan "patient money" pada pasar modal internasional? A) Karena negara tujuan investasi tidak menarik. B) Karena kurang efisien dalam mengelola modal. C) Karena lama mendapatkan keuntungan. D) Karena kurangnya informasi negara tujuan investasi. Show Answer Correct Answer: D) Karena kurangnya informasi negara tujuan investasi. 13. What is important market motive of company internationalization A) STAGNATION ON THE DOMESTIC MARKET. B) ECONOMIES OF SCALE. C) EXPENDITURES ON ENVIRONMENTAL PROTECTION. D) ENSURING CONTINUOUS SUPPLY. Show Answer Correct Answer: A) STAGNATION ON THE DOMESTIC MARKET. 14. In the 2-factor, 2 good Heckscher-Ohlin model, the two countries differ in A) Military capabilities. B) Labor productivities. C) Relative availabilities of factors of production. D) Tastes. Show Answer Correct Answer: C) Relative availabilities of factors of production. 15. How is the unit model of an international franchise? A) It is the best-known franchise model and percentage of return of its franchises and maintains control over product development. B) Group of franchises in a country, state or region designated to establish market potential. C) All the above. D) None of the above. Show Answer Correct Answer: A) It is the best-known franchise model and percentage of return of its franchises and maintains control over product development. 16. In terms of the International Financial System, what is a key difference related to currency? A) Currency difference affects the translation of financial statements. B) Currency difference does not impact international transactions. C) Language differences and currency differences are the same. D) Currency difference is irrelevant in financial planning. Show Answer Correct Answer: A) Currency difference affects the translation of financial statements. 17. UNIT 1:ABOUT YOUVocabulary:a/anI think it's a ..... number. A) International. B) American. C) European. D) Local. Show Answer Correct Answer: D) Local. 18. If the currency exchange rate is $ 1.25 = 1 Euro, how much will it cost in U.S. dollars to acquire 100 Euros? A) $ 1.25. B) $ 1, 250.00. C) $ 125.00. D) $ 12.50. Show Answer Correct Answer: C) $ 125.00. 19. Absolute advantage is on e of the example of theory under classical country based theory A) CORRECT. B) WRONG. C) All the above. D) None of the above. Show Answer Correct Answer: A) CORRECT. 20. Identify the theory that argues that advanced nations have an incentive to develop a new offering and hence such nations always tend to create a good or service for the first time. A) Absolute advantage. B) Ricardo. C) Product life-cycle. D) Heckscher-Ohlin. Show Answer Correct Answer: C) Product life-cycle. 21. Climate, terrain, seaways and natural resources all describe which element of the international business environment? A) Geographic Conditions. B) Political & Legal. C) Economic Conditions. D) Culture. Show Answer Correct Answer: A) Geographic Conditions. 22. Who prepares Import General Manifest when goods arrive at Importer's country? A) Captain of the ship. B) Dock Officer. C) Importer. D) None of these. Show Answer Correct Answer: B) Dock Officer. 23. Which statement about international business is true? A) It is limited to developed countries. B) It includes trade of knowledge and technology. C) It is a recent phenomenon. D) It only involves large corporations. Show Answer Correct Answer: B) It includes trade of knowledge and technology. 24. Which of the following is a reason why a relatively poor country may be an attractive target for inward investment? A) Rapid economic growth. B) Political instability. C) Currency depreciation. D) High cost of living. Show Answer Correct Answer: A) Rapid economic growth. 25. Why does the government give subsidies to local farmers? A) To increase the price of rice. B) To make imported rice cheaper. C) To help local rice stay competitive in price. D) To stop farmers from selling. Show Answer Correct Answer: C) To help local rice stay competitive in price. ← 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