This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 75 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 75 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The main limitation of a function-based structure is: A) Duplication of roles across regions. B) Lack of product specialization. C) Poor coordination between functions. D) Difficulty adapting to local markets. Show Answer Correct Answer: C) Poor coordination between functions. 2. ..... is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies. A) Globalization. B) Privatization. C) Decentralization. D) Heterogenization. Show Answer Correct Answer: C) Decentralization. 3. Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and ..... A) Elevation of nationalism. B) Rise of closed economies. C) Political stagnation. D) Technological innovation. Show Answer Correct Answer: D) Technological innovation. 4. What does FDI stand for in the context of international marketing? A) Foreign Development Initiative. B) Foreign Direct Investment. C) Financial Direct Investment. D) Foreign Domestic Investment. Show Answer Correct Answer: B) Foreign Direct Investment. 5. This country is the U.S.'s 2nd largest trade partner thanks to NAFTA. A) Mexico. B) Canada. C) Chili. D) None of the above. Show Answer Correct Answer: B) Canada. 6. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Mila Benedict' A) Name. B) Company. C) City. D) Position. Show Answer Correct Answer: A) Name. 7. In Product Life Cycle theory, how do production locations typically shift over time? A) Remain fixed across all stages of maturity. B) Alternate randomly with exchange rate changes. C) From developed to developing as products mature. D) From developing to developed at introduction. Show Answer Correct Answer: C) From developed to developing as products mature. 8. By having business in different countries, a firm reduces A) Credit Risk. B) Political Risk. C) Financial Risk. D) Business Risk. Show Answer Correct Answer: B) Political Risk. 9. What role does the technological environment play in international business? A) It defines cultural values. B) It affects communication and production processes. C) It has no significant impact. D) It only influences domestic business. Show Answer Correct Answer: B) It affects communication and production processes. 10. Small businesses are usually not involved in international business given the cost restrictions. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 11. What is a notable cultural difference between France and Nigeria in terms of business etiquette? A) Approach to negotiation and communication styles. B) Material culture and technological advancements. C) Language used in business meetings. D) Preferences in product aesthetics. Show Answer Correct Answer: A) Approach to negotiation and communication styles. 12. In the context of global trade, what are tariffs? A) Taxes on imports. B) Limits on exports. C) A complete ban on imports. D) Political weapons. Show Answer Correct Answer: A) Taxes on imports. 13. A company that is worried about the norms and customs of a country would need to consider which component of the international business environment? A) Environmental. B) Social. C) Economic. D) Technological. Show Answer Correct Answer: B) Social. 14. Trade partners are countries that trade products with one another. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 15. Which trade theory suggests that trade can be explained by differences in technology and resource endowments between countries? A) Comparative advantage theory. B) Absolute advantage theory. C) New trade theory. D) Heckscher-Ohlin theory. Show Answer Correct Answer: D) Heckscher-Ohlin theory. 16. As a result of globalization, we have been moving toward a world in which national economies are relatively self-contained entities. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 17. What are the main modes of international business? A) Import Tariffs, Export Quotas, Trade Agreements. B) Exporting, Importing, Licensing, Franchising, Joint Ventures, Wholly Owned Subsidiaries. C) Consulting, Market Research, E-commerce. D) Merchandising, Trade Shows, Direct Sales. Show Answer Correct Answer: B) Exporting, Importing, Licensing, Franchising, Joint Ventures, Wholly Owned Subsidiaries. 18. ..... can be defined as the rate of return that the firm makes on its invested capital, which is calculated by dividing the net profits of the firm by total invested capital. A) Profitability. B) Performance. C) Cash flow. D) Efficiency. Show Answer Correct Answer: A) Profitability. 19. Larger grants may be given to encourage international trade with specific countries. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. A trade policy that does not restrict imports or exports. A) Free trade. B) Insurance. C) Trade barrier. D) VAT. Show Answer Correct Answer: A) Free trade. 21. When determining comparative advantage one must determine A) Opportunity Cost. B) Absolute Advantage. C) Specilisation. D) International Trade. Show Answer Correct Answer: A) Opportunity Cost. 22. When does the trade originate? A) In the Neolithic period. B) In the 21st century. C) In the Middle Ages. D) None of the above. Show Answer Correct Answer: A) In the Neolithic period. 23. How would you apply the EPRG framework to develop an international marketing strategy? A) Focus only on the home country market. B) Use a mix of ethnocentric, polycentric, regiocentric, and geocentric approaches. C) Avoid cultural adaptation in marketing strategies. D) Focus solely on technological advancements. Show Answer Correct Answer: B) Use a mix of ethnocentric, polycentric, regiocentric, and geocentric approaches. 24. What does the Heckscher-Ohlin Theory emphasize as the main cause of trade? A) Differences in technology. B) Differences in government systems. C) Differences in exchange rates. D) Differences in factor endowments (land, labor, capital). Show Answer Correct Answer: D) Differences in factor endowments (land, labor, capital). 25. Why is it necessary to understand the economy of a foreign planet when doing business? A) To compete in intergalactic sports events. B) To ensure the business is culturally sensitive and respectful. C) To adapt business strategies according to the economic conditions. D) To learn the alien language. Show Answer Correct Answer: C) To adapt business strategies according to the economic conditions. ← 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