This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 76 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 76 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is a cartel in the context of international trade barriers? A) A single company that dominates a specific market. B) A government-imposed restriction on trade between nations. C) A group of firms or nations that agrees to act as a monopoly and not compete with each other. D) An international agreement to reduce tariffs and trade barriers. Show Answer Correct Answer: C) A group of firms or nations that agrees to act as a monopoly and not compete with each other. 2. 43) A major criticism of offshoring is that it ..... A) Increases production costs. B) Exchanges good jobs for bad jobs. C) Threatens the sovereignty of larger countries. D) Allows companies to avoid payment of any taxes. Show Answer Correct Answer: B) Exchanges good jobs for bad jobs. 3. Absolute advantage theory was introduced by A) Michael Porter. B) David Ricardo. C) Adam Smith. D) Raymond Vernon. Show Answer Correct Answer: C) Adam Smith. 4. ..... investment has become a key element of trade between different countries. A) Foreign direct. B) Domestic. C) National. D) None of them are true. Show Answer Correct Answer: A) Foreign direct. 5. What does the importer send to the exporter, after making trade inquiries? A) Railway Receipt. B) Indent. C) Letter of Credit. D) Foreign currency. Show Answer Correct Answer: B) Indent. 6. Uneven distribution of natural resources A) Is the only cause for international business. B) Is the major factor for international business. C) Is among the major factors for international business. D) Is not a cause for international business. Show Answer Correct Answer: C) Is among the major factors for international business. 7. Which organizational form is most likely to cause conflict between managers because of 'two bosses'? A) Functional. B) Product. C) Matrix. D) Geographic. Show Answer Correct Answer: C) Matrix. 8. How did Starbucks adapt its global expansion in China? A) By maintaining its standard product offerings. B) By adjusting its menu to local tastes. C) By avoiding any form of product localization. D) None of the above. Show Answer Correct Answer: B) By adjusting its menu to local tastes. 9. To pursueTo follow or chase after something. A) (pour)suivre. B) Pourchasser. C) Abandonner. D) Ignorer. Show Answer Correct Answer: A) (pour)suivre. 10. COUNTRIES WITH LOWER INCOME POPULATION TEND TO BE MORE GLOBALIZED THAN HIGHER INCOME ONES BECAUSE THEY CAN AFFORD FOREIGN PRODUCTS, TRAVEL AND COMMUNICATE WITH PEOPLE THEY MET ABROAD A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 11. What is not a category that has been created to characterize an economy's state of unemployment? A) Seasonal unemployment. B) Robust unemployment. C) Frictional unemployment. D) Structural unemployment. Show Answer Correct Answer: B) Robust unemployment. 12. The country of Baskland relies heavily on goods and services produced in other nations. Baskland likely has which of the following? A) A balanced budget. B) A trade balance. C) A trade deficit. D) A trade surplus. Show Answer Correct Answer: C) A trade deficit. 13. Words and actions do NOT have much impact on international business relations. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 14. Involves selling goods and services in another countries, there's no need facilities or factories overseas A) Exporting. B) Licensing. C) Franchising. D) Joint venture. Show Answer Correct Answer: A) Exporting. 15. Voluntary Export Restraint A) Limit is imposed by the importing country. B) Limit is self-imposed by the exporting country. C) Limit is imposed by trade bloc. D) Limit is self-imposed by the importing country. Show Answer Correct Answer: B) Limit is self-imposed by the exporting country. 16. Which of the following theories stress the role of luck, entrepreneurship, and innovation in the production and export of a good or service by the firms in a country? A) Product life-cycle theory. B) Ricardo's theory. C) Theory of comparative advantage. D) New trade theory. Show Answer Correct Answer: D) New trade theory. 17. What is the theory of Comparative Advantage? A) A country's ability to produce goods more cheaply than its competitors. B) A country's ability to specialize in producing goods more efficiently than others. C) A country's focus on importing more goods than exporting. D) None of the above. Show Answer Correct Answer: B) A country's ability to specialize in producing goods more efficiently than others. 18. It is an example of international strategy that developed innovative new products and then transferred them wholesale to local markets. A) Microsoft. B) Nestle. C) Texas instruments. D) Komatsu. E) Procter & Gamble. Show Answer Correct Answer: E) Procter & Gamble. 19. Most people's basic value system is ..... A) Modified significantly between childhood and adulthood. B) Altered during adulthood through imposition. C) Affected primarily by teenage peer pressure. D) Acquired mainly during early childhood. Show Answer Correct Answer: D) Acquired mainly during early childhood. 20. Technology, education, inflation, exchange rate, and infrastructure refer to which factor of the international business environment? A) Geographic. B) Economic. C) Political and legal. D) Cultural and social. Show Answer Correct Answer: B) Economic. 21. The instruction issued by the superintendent to the staff at the gate of the port to permit the entry of cargo inside the dock is called: A) Mate's Receipt. B) Bill of Entry. C) Carting order. D) None of these. Show Answer Correct Answer: C) Carting order. 22. In a multinational company, its headquarters, or parent company, is located in a ..... country. A) Home. B) Host. C) Main. D) Foreign. Show Answer Correct Answer: A) Home. 23. To find other markets when the form's products experiences a decline in sales is an ..... reason. A) Internal. B) External. C) Not in the choices. D) None of the above. Show Answer Correct Answer: A) Internal. 24. Which tech company released a Christmas commercial featuring Frankenstein singing? A) Apple. B) Samsung. C) Google. D) Microsoft. Show Answer Correct Answer: A) Apple. 25. A belief that products should be free to move from country to country without barriers or obstacles. A) Quota. B) Entrepreneur. C) Free trade. D) Translate. Show Answer Correct Answer: C) Free trade. ← 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