This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 73 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 73 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What factors influence currency exchange rates? A) Historical events. B) Interest rates, inflation rates, political stability, economic performance, market speculation, and supply and demand. C) Cultural traditions. D) Weather patterns. Show Answer Correct Answer: B) Interest rates, inflation rates, political stability, economic performance, market speculation, and supply and demand. 2. Which stage of going global focuses on market expansion? A) Creation of new markets. B) Value chain re-engineering. C) Market entry. D) Value chain disaggregation. Show Answer Correct Answer: A) Creation of new markets. 3. In a geographic structure, managers in each region can make decisions suited to their markets. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. What is Investment Promotion? A) Promoting policies that attract foreign direct investment (FDI) and encourage cross-border investments to stimulate economic growth. B) Discouraging foreign investments to protect local industries. C) Focusing only on domestic investments without considering international opportunities. D) Restricting the flow of capital between countries to maintain economic stability. Show Answer Correct Answer: A) Promoting policies that attract foreign direct investment (FDI) and encourage cross-border investments to stimulate economic growth. 5. Underdeveloped nations tend to trade what type of goods? A) Low skill products. B) High tech goods. C) Finished products. D) High skill products. Show Answer Correct Answer: A) Low skill products. 6. UNIT 1:ABOUT YOUVocabulary:a/anI work for an ..... company. A) German. B) Japanese. C) Domestic. D) International. Show Answer Correct Answer: D) International. 7. GATT primarily sets rules for which domain? A) Exchange rate coordination. B) Trade in services like tourism. C) Protection of intellectual property. D) International trade in goods. Show Answer Correct Answer: D) International trade in goods. 8. Which of the following was created in an effort to promote free trade? A) World Trade Organization. B) The Sarbanes-Oxley Act. C) Multilateral development banks. D) The Organization for Economic Cooperation and Development. Show Answer Correct Answer: A) World Trade Organization. 9. What does FDI stand for in the context of international business finance? A) Foreign Direct Investment. B) Foreign Debt Investment. C) Financial Development Initiative. D) Foreign Dividend Income. Show Answer Correct Answer: A) Foreign Direct Investment. 10. Which of the following is not a key EXPORT of the UAE? A) Rice. B) Petroleum. C) Gold. D) Diamonds. Show Answer Correct Answer: A) Rice. 11. What does the term "Benchmarking" refer to? A) Comparing processes and practices with other organizations to improve. B) Creating new products to diversify the offer. C) Measuring customer satisfaction. D) Reducing costs by buying in bulk. Show Answer Correct Answer: A) Comparing processes and practices with other organizations to improve. 12. What is the full form of EPRG in the context of international marketing? A) Ethnocentric, Polycentric, Regiocentric, Geocentric. B) Economic, Political, Regulatory, Global. C) Environmental, Political, Regional, Global. D) Ethical, Practical, Regional, Global. Show Answer Correct Answer: A) Ethnocentric, Polycentric, Regiocentric, Geocentric. 13. FDI stands for ..... A) Foreign Direct Investment. B) Foreign Direct Intervention. C) All the above. D) None of the above. Show Answer Correct Answer: A) Foreign Direct Investment. 14. What are the advantages of licensing for a company? A) Increased competition in the market. B) Higher operational costs. C) Limited product innovation. D) The advantages of licensing for a company include market expansion, additional revenue, leveraging expertise, and risk reduction. Show Answer Correct Answer: D) The advantages of licensing for a company include market expansion, additional revenue, leveraging expertise, and risk reduction. 15. T/F:EVERY country has its own laws and rules, its own currency, and its own business traditions A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. What consequences might arise from the implementation of tariffs on all imports into the nation? A) Increased domestic production. B) Higher prices for consumers. C) Trade wars with other countries. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. ..... help define the character of a culture, but they usually do not provide a specific course of action. A) Values. B) Etiquette. C) Cross-cultural Awareness. D) Communication Barriers. Show Answer Correct Answer: A) Values. 18. Franchising grants the right to: A) Use the franchisor's brand name and business model. B) Manufacture and distribute the franchisor's products. C) Operate independently with no restrictions. D) Modify the franchisor's system as desired. Show Answer Correct Answer: A) Use the franchisor's brand name and business model. 19. What is the definition of exchange rates? A) The value of one currency in relation to another currency. B) The rate at which interest is charged on loans and credit cards. C) The rate at which stocks and bonds are traded on the stock market. D) The rate at which goods and services are exchanged between countries. Show Answer Correct Answer: A) The value of one currency in relation to another currency. 20. Ethnocentricity can be defined as the ..... A) Scientific description of individual human societies. B) Systematic study of an ethnic group's religious core. C) Merging of all ethnic practices into one homogeneous culture. D) Belief that one's own ethnic group or culture is superior to that of others. Show Answer Correct Answer: D) Belief that one's own ethnic group or culture is superior to that of others. 21. Anything that a firm does especially well compared to rival firms is referred to as: A) Competitive advantage. B) Comparative advantage. C) An external opportunity. D) Opportunity cost. Show Answer Correct Answer: A) Competitive advantage. 22. Data provided to media to convey a company message. A) Advertising. B) Publicity. C) News Release. D) Rebate. Show Answer Correct Answer: C) News Release. 23. A country concerned about lack of skilled workers to complete jobs in emerging careers would have potential business partners concerned with which component? A) Geography. B) Culture. C) Economy. D) Infrastructure. Show Answer Correct Answer: C) Economy. 24. Which of the following arguments supports the Paul Samuelson's critique? A) A rich country cannot produce net gains by engaging in free trade with a poor country. B) Governmental intervention will reduce the likeliness of countries' economic success. C) Countries should attempt to specialize in the production of goods and services. D) Trade is a positive-sum game in which all countries that participate realize economic gains. Show Answer Correct Answer: A) A rich country cannot produce net gains by engaging in free trade with a poor country. 25. In Iceland, which Christmas figure rewards children who finish their chores? A) The Yule Cat. B) The Yule Lads. C) Gryla. D) Laufey. Show Answer Correct Answer: B) The Yule Lads. ← 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