This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 72 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 72 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Currency appreciation could be caused by A) Supply Increase or Demand Increase. B) Supply Increase or Demand Decrease. C) Supply Decrease or Demand Decrease. D) Supply Decrease or Demand Increase. Show Answer Correct Answer: D) Supply Decrease or Demand Increase. 2. Which of the following is a common disadvantage faced by first movers entering a foreign market? A) Automatic acceptance of local regulatory approvals. B) Lower costs due to later firms' process improvements. C) High pioneering costs and risks of market uncertainty. D) Guaranteed long-term monopoly profits without competition. Show Answer Correct Answer: C) High pioneering costs and risks of market uncertainty. 3. A multinational company (MNC) is a business organization which has its headquarters in two country but has operations in four different countries. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 4. Which European country hides a Christmas pickle ornament in the tree? A) Germany. B) Norway. C) Italy. D) Czech Republic. Show Answer Correct Answer: A) Germany. 5. When and by whom was Tesco founded? A) 1929-Jack Walker. B) 1919-Jack Cohen. C) 1995-David Cohen. D) 1930-Sam Walton. Show Answer Correct Answer: B) 1919-Jack Cohen. 6. What is available for UK businesses wanting to start operating overseas? A) Government grants and support programs. B) Local business partnerships. C) Free international travel packages. D) Guaranteed foreign market success. Show Answer Correct Answer: A) Government grants and support programs. 7. Globalisation has improved in the living structure of ..... A) All the people. B) Workers in developing countries. C) People in developing countries. D) None of the above. Show Answer Correct Answer: B) Workers in developing countries. 8. Which type of control system is most effective at aligning subsidiary managers with corporate strategic objectives that extend beyond local financial results? A) Short-term sales commissions plans tied only to quarterly revenue. B) Arbitrary central oversight without measurable targets. C) A balanced scorecard that includes strategic, nonfinancial, and financial measures. D) Locally set profit targets determined solely by the subsidiary. Show Answer Correct Answer: C) A balanced scorecard that includes strategic, nonfinancial, and financial measures. 9. What are the main theories of international trade? A) Supply Chain Management Theory. B) Trade Barriers Theory. C) Monopolistic Competition Theory. D) Absolute Advantage, Comparative Advantage, Heckscher-Ohlin Theory, New Trade Theory, Gravity Model. Show Answer Correct Answer: D) Absolute Advantage, Comparative Advantage, Heckscher-Ohlin Theory, New Trade Theory, Gravity Model. 10. Which of the following is an example of cultural influence on consumption? A) Disposable income. B) Cultural heritage. C) Government regulations. D) Technological advancements. Show Answer Correct Answer: B) Cultural heritage. 11. Which of the following is NOT one of the three primary activities of the IMF? A) Monitoring the global economy. B) Providing technical assistance to developing countries. C) Lending to countries in financial difficulties. D) Regulating greenhouse gas emissions. Show Answer Correct Answer: D) Regulating greenhouse gas emissions. 12. When is FDI a suitable entry mode for a business? A) The host country government makes it difficult for Foreign business owners. B) The manager want to have a high degree control over the overseas business. C) The parents company want to share the risk with another entity. D) The MNC want to limit its investment in the host country. Show Answer Correct Answer: B) The manager want to have a high degree control over the overseas business. 13. A PEST Analysis can be used to gauge external factors that could impact the profitability of a company. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 14. The ..... is often an appropriate place to test products and fine-tune performance before tackling the complexities of international trade. A) Domestic market. B) Global market. C) Firm. D) None of the above. Show Answer Correct Answer: A) Domestic market. 15. What are imports? A) Consist of sending goods out of the country. B) Consist of bringing goods into the country. C) None of the above. D) None of the above. Show Answer Correct Answer: B) Consist of bringing goods into the country. 16. ..... is an example of a secondary sector activity. A) Banking. B) Farming. C) Manufacturing. D) Secondary education. Show Answer Correct Answer: C) Manufacturing. 17. Which mode of entry involves a company partnering with another company in the foreign market? A) Exporting. B) Joint venture. C) Wholly-owned subsidiary. D) Licensing. Show Answer Correct Answer: B) Joint venture. 18. How does the Department for International Trade support international businesses? A) By providing financial aid. B) By offering export advice and support. C) By imposing trade restrictions. D) By increasing import tariffs. Show Answer Correct Answer: B) By offering export advice and support. 19. Which Classical Trade Theory challenged Mercantilism by arguing that trade is a 'Positive-Sum Game' where all countries can benefit? A) Absolute Advantage (Adam Smith). B) Product Life Cycle Theory. C) Porter's Diamond Model. D) Protectionism. Show Answer Correct Answer: A) Absolute Advantage (Adam Smith). 20. ..... are the two macro factors that seem to underlie the trend toward greater globalization. A) Economic Stability and Technological Change. B) Economic Stability and Capitalism. C) Free flow of goods and Global Production. D) Free flow of goods and Technological Change. Show Answer Correct Answer: D) Free flow of goods and Technological Change. 21. It is also known as global procurement, or global purchasing, the strategy of buying products and services from foreign sources and bringing them into the home country or a third country. A) Exporting. B) Importing. C) None of the above. D) None of the above. Show Answer Correct Answer: B) Importing. 22. FEMA came into force on A) 1 January 1990. B) 1 January 2000. C) 1 January 2005. D) 1 January 2008. Show Answer Correct Answer: B) 1 January 2000. 23. ..... is the making, buying and selling of products within a country. A) International business. B) Global economy. C) Domestic business. D) None of the above. Show Answer Correct Answer: C) Domestic business. 24. Why might a company choose a late-mover strategy when expanding internationally? A) To establish entry barriers for late entrants. B) To resolve technological and market uncertainty. C) To pre-empt scarce resources. D) To build relationships with key stakeholders. Show Answer Correct Answer: B) To resolve technological and market uncertainty. 25. How did Netflix adapt its content strategy in India? A) By producing only English-language content. B) By curating content based on Indian tastes and including regional language options. C) By using the same content strategy as in the US. D) By focusing solely on international films. Show Answer Correct Answer: B) By curating content based on Indian tastes and including regional language options. ← 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